Power Metal Resources plc has signed an option agreement to sell its 30% interest in Silver Peak Resources Ltd, holding the historic Eureka-Victoria silver mine in southern British Columbia. STREAMLINE In 2020, the company exercised an earn-in option to the project and committed CA$225,000 to ground exploration. In April the following year, Power Metal and joint […]
Tag: Eureka-Victoria Silver Mine
Power Metal accelerates Silver Peak earn-in
Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
Power Metal stops drilling before snows at Silver Peak
Power Metal Resources plc said it had managed to complete six diamond drill holes and collect rock chip samples before the snows fell at its Silver Peak project in British Columbia, Canada. Chief executive Paul Johnson added that the operating conditions were “very challenging”. The local team used “man-portable” equipment after the weather conditions proved […]
Power Metal exercises earn-in to Silver Peak
Power Metal Resources has exercised its earn-in option for a 30% interest in the Silver Peak project in southern British Columbia, Canada. PORTFOLIO The project comprises mineral claims over a system of intrusion-related, silver-lead-zinc-copper veins, part of the former working Eureka-Victoria silver mine. Power Metal will commit CA$225,000 to ground exploration. A technical review underway […]