Golden Metal Resources plc has identified three “significant” exploration targets which could increase the resource potential for its flagship Pilot Mountain tungsten project in Nevada, USA. ZONES Results from a high-resolution induced polarisation geophysics survey showed undrilled targets of Desert Scheelite parallel west zone; Porphyry depths zone; and Desert Scheelite east extension zone all within the Walker Lane […]
Tag: Power Metal Resources plc
Golden Metal appoints Chang Turkmani as advisor
Golden Metal Resources plc has appointed Chang Oh Turkmani as a strategic United States government advisor, with immediate effect. She will help the company advance its critical minerals strategy in Nevada and the broader United States. Mrs Turkmani is experienced in import and export of industrial commodities, mining, manufacturing, construction, energy trading, shipping, environmental remediation, renewable energy, and investment advisory […]
Power Metal completes initial exploration at Tati mine
Power Metal Resources plc’s ground geophysics and trenching have confirmed the geological setting in the Cherished Hope mine at the Tati gold project near Francistown in Botswana. MINERALISATION The results are from completed initial exploration phases of ground geophysics and 431 metres of trenching over the northwest over the mine and southeast extensions. Beneath overburden in […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 from the exercise of warrants by former chief executive Paul Johnson over 6,250,000 new ordinary shares. The shares of 0.1 pence each in the company were exercised each at a price of 0.7p. As a result, Paul Johnson and Michelle Johnson will hold 82,250,000 Power Metal shares equating to 3.98% of issued share capital. Following admission, […]
Golden Metal finds zones of copper anomalies
Golden Metal Resources plc has discovered two zones of “significant” copper anomalies at its Garfield project within the Walker Lane mineral belt in Nevada, USA. EXPECTATIONS The Power Line and High-Grade zones returned individual copper-in-soil results of up to 851ppm and 950ppm copper from high resolution soil sampling results. Golden Metal said that both were […]
Golden Metal raises £1.98m and begins trading on AIM
Golden Metal Resources plc raised £1.98 million via a placing and subscription for the start of its trading today on the alternative investment market (AIM). TERMS The fundraise, through issuing 23,317,643 new ordinary shares of £0.01 each, is part of the admission process. Placing shares totalled 12,449,208 new ordinary shares and subscription shares totalled 10,868,435. Every two […]