New Ballarat Gold Corporation plc (NBGC) joint venture (JV) has received positive rock sampling results of gold mineralisation surrounding Ballarat mine in the Victoria gold fields, Australia. ROCK SAMPLING The JV, planned for listing, is between Red Rock Resources plc (50.1%) and Power Metal (49.9%). The results were published as NBGC announced it was granted […]
Tag: Power Metal Resources plc
Power Metal acquires first graphite project
Power Metal Resources plc has intensified its focus on specialist ‘battery metals’ by acquiring its first graphite project and forming a new UK private battery metals and minerals focused vehicle. DOERKSEN BAY The new project of Doerksen Bay covers 4,222 hectares and lies 230km northeast of La Ronge in Saskatchewan, Canada. The acquisition centres on five Saskatchewan mineral […]
Power Metal completes first drill hole at T1-3 in Molopo
Power Metal Resources plc has completed the first drill hole at target area T1-3 at its Molopo Farms Complex nickel and platinum group elements project in southwest Botswana. OPERATIONS Diamond drillhole DDH1-3A reached a depth of 450m while the first drill hole, DDH2-3A, into target area T2-3A has to date reached downhole depth of 129.4m. […]
Power Metal plans Wilan merger to reach Mount Isa
Power Metal Resources plc is extending its Australian copper reach in a planned merger of its Wilan project with two companies holding other exploration licences in Queensland. LISTING The Wilan project comprises two exploration licences covering a total 1,994km2. Power Metal has signed a heads-of-terms to combine Wilan with projects held by Australian companies RAB […]
New Ballarat starts 1,000m drilling Berringa
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 […]
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 […]