New Ballarat Gold Corporation plc has begun a diamond drill programme at the historic former producing mine of Berringa in the Victoria gold fields of southeast Australia. JOINT VENTURE The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources (49.9%). PROGRAMME The JV plans 1,000 metres of diamond drilling with […]
Tag: Power Metal Resources plc
Power Metal identifies visible sulphides in T1-3
Power Metal Resources plc has identified visible sulphides in one of its target areas at the 1,723km2 Molopo Farms Complex nickel-platinum group element project, southwest Botswana. DRILL TARGETS In September 2022, the company began its inaugural drill programme for 2,600m and reported visible sulphides in its first drill hole in target area T1-6. Power Metal has […]
Power Metal starts follow-up Selta exploration
Power Metal Resources plc’s subsidiary has started follow-up fieldwork for lithium exploration at its polymetallic Selta licence in the Northern Territory of Australia. SELTA Selta comprises three licences owned and operated by First Development Resources Ltd (FDR) which is due to be listed. FDR has identified four uranium and four rare earth elements targets as […]
Power Metal reports high grade uranium samples
Power Metal Resources plc reported “high grade” assay results from rock samples at three of its uranium properties at the Athabasca basin area of Saskatchewan. PROSPECTIVITY In its phase I field programme between August and October 2022, the company collected a total 46 rock samples including 29 samples from Tait Hill and eight each from Thibaut Lake and […]
Power Metal increases Canadian lithium assets
Power Metal Resources plc has expanded its Canadian lithium portfolio by staking 5,788.5 hectares of the 100% owned North Wind project in Ontario. 2023 PROGRAMME The company’s other lithium project is in Authier North, Quebec. Power Metal identified North Wind by researching and analysing more than 600,000 lake sediment sample points collected by the Ontario […]
Power Metal completes majority share deal for Molopo
Power Metal Resources plc has completed the transaction to increase its share to 87.71% in the Molopo Farms Complex nickel platinum-group metal (PGM) project in southwest Botswana. OPERATIONS The company has now acquired the majority share in Kalahari Key Mineral Exploration Pty Ltd which owns Molopo. Power Metal is currently conducting a 2,600m diamond drill programme […]