Power Metal Resources plc has identified a second large geophysical conductor at the Molopo Farms Complex nickel-copper-platinum group element (PGE) project, southwest Botswana. T2-3 The company previously identified at target area T-16 where two holes are currently being drilled. Power Metal’s most recent findings follow anaylsis of data from ground-based electromagnetic (EM) as well as magnetic […]
Tag: Power Metal Resources plc
New Ballarat completes Berringa acquisition
New Ballarat Gold Corporation plc has completed the acquisition of the historic Berringa gold mine in the Victoria gold fields in Australia. LICENCE The joint venture subsidiary is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). The subsidiary’s holding company Red Rock Resources Australasia plc (RRAL) initially signed the agreement in […]
Power Metal starts inaugural drill at Molopo
Power Metal Resources plc has started its inaugural drill programme at the Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. PROGRAMME The company began diamond core drilling drillhole DDH1-6B targeting a large southerly dipping conductor at priority target T1-6. Site preparations are underway for drilling to start soon on the second drillhole DDH […]
Power Metal nears drilling 2,600m at Molopo
Power Metal Resources plc soon expects to start drilling a 2,600m strike-length target at its nickel-copper-platinum group element (PGE) Molopo Farms Complex project in Botswana. SURVEY AND MODELLING Ahead of the decision to drill, the company completed a high-resolution ground magnetic (ground-mag) geophysics survey over high priority Target 1-6 (T1-6) covering 2,700m by 1,600m. From […]
Teathers to be renamed Uranium Energy Exploration
Power Metal Resources plc’s planned new uranium-focused subsidiary Teathers Financial plc will be renamed as Uranium Energy Exploration plc (UEE). LISTING The change will come into force after completion of UEE’s acquisition of Power Metal’s Reitenbach property east of the Athabasca basin in Saskatchewan. The new name will also be used for the subsidiary’s planned listing in London. […]
Power Metal raises £1m via placings
Power Metal Resources plc has raised a total of £1,080,000 via two placings, including one by a single investor, to fund drilling at its nickel sulphide project at Molopo Farms Complex, Botswana. PLACINGS The company said that the financing would also enable potential expansion of other priority exploration activities. In the first placing, Power Metal […]