Power Metal Resources plc has staked two further uranium properties, taking its total to 16 in Saskatchewan, and plans to extend the portfolio to other regions. HAWKROCK The acquisitions include Hawkrock East and Hawkrock West, each 12km apart, and covering a combined 4,280 hectares (42.80km2) within the prospective Snowbird Tectonic Zone (STZ) in the northeastern corner of […]
Tag: Power Metal Resources plc
New Ballarat finds visible gold in first Berringa drill holes
New Ballarat Gold Corporation plc (NBGC) said it had found visible gold in the first three holes drilled at the Berringa gold mine within the wider joint venture (JV) project in Victoria, Australia. DRILL PROGRAMME Company partners Red Rock Resources plc (51.1%) and Power Metal Resources plc (49.9%) have also renewed the exploration licence covering […]
Power Metal completes 2,402m drill at Molopo
Power Metal Resources plc has completed its 2,402m diamond drill programme at the Molopo Farms Complex nickel-platinum group element (PGE) project in southwestern Botswana. DATASETS The company drilled five holes, focusing on four individual targets areas, to depths of between 300m and 650m. Power Metal will complete logging before shipping remaining samples for testing. “Historical exploration work […]
Power Metal stakes two further uranium assets
Power Metal Resources plc has staked two further uranium properties, taking the total to 14 over 940km2 in its portfolio over the Athabasca basin area in Saskatchewan, Canada. PROSPECTIVITY The company said that the acquisitions represented some of “the most significant additions” to its uranium portfolio. Power Metal paid C$5,842.34 (£3,600) for the properties which have a two-year […]
Power Metal to confirm Tati gold-bearing system
Power Metal Resources plc said its 2023 exploration programme aimed to confirm a large gold-bearing system on its 100% owned and operated Tati gold project near Francistown in Botswana. PROGRAMME The company has started exploration activities which will also include the delineation of a deposit in the 8km long gold-in-soil anomaly. Work involves 500-metre mechanised trenching, […]
Power Metal raises £900,000 via placing-subscription
Power Metal Resources has raised £900,000 before expenses from a completed placing and subscription. FINANCING The company issued 64,285,714 new ordinary shares of 0.1p each in the company at an issue price of 1.4p per share, the closing market bid price on 13 January 2023. Each financing share has an attaching warrant to subscribe for one new […]