Power Metal Resources plc said it had started assessing priority targets for drilling at its Pilot Mountain tungsten-copper-silver-zinc project in Nevada, USA. STRUCTURE The company’s subsidiary (83.13%) Golden Metal Resources owns 100% of the Pilot Mountain, Garfield and Stonewall projects and a right to earn-in to a 100% interest in the Golconda project. Golden Metal […]
Tag: Golden Metal Resources Ltd
Power Metal progresses Nevada projects
Power Metal Resources plc has progressed its tungsten-gold-copper-silver projects in Nevada, USA. PRIORITY Through its majority-owned subsidiary Golden Metal Resources Ltd, the company owns the Pilot Mountain, Golconda, Garfield and Stonewall projects. Golden Metal aims to be independently listed on the London markets during Q2 2022. Desktop analysis at Pilot Mountain has identified several high-priority tier 1 and tier 2 […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Power Metal exercises option to acquire Pilot
Power Metal Resources plc has acquired the Pilot Mountain tungsten-copper-silver-zinc project in Nevada, United States. GOLDEN METAL The company’s subsidiary Golden Metal Resources Ltd signed the option at the end of August, adding the acquisition to its other projects of Garfield and Stonewall and the right to earn 100% of Golconda Summit. The deal sees Power […]
Power Metal stakes additional claims at Garfield
Power Metal Resources plc has staked eight further claims after identifying new copper anomalies at the Garfield copper property in the Walker Lane mineral belt in Nevada, USA. ADDITIONAL CLAIMS Analysis of recent satellite imagery of Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) and European Space Agency Sentinel-2 datasets identified two strong anomalies prospective for […]
Power Metal signs Pilot tungsten option
Power Metal Resources plc has signed a strategic option agreement to acquire a 100% interest in the tungsten-copper-silver-zinc Pilot Mountain project in Nevada. EXPLORATION The 5,908-acre project comprises four existing mineral deposits of Garnet, Good Hope, Gunmetal and Desert Scheelite which all hold “significant skarn-style tungsten-copper-silver-zinc mineralisation”. Pilot lies 200km southeast of Reno and hosts a […]