Power Metal Resources plc has acquired its first uranium claim within the Athabasca basin area in Saskatchewan. TERMS Durrant Lake covers 58.66km2 within the eastern side of the Athabasca basin and is the company’s eleventh property with a combined area of 780km2. The property is bordered on three sides by claims held by uranium companies Orano SA, Denison Mines Corp […]
Tag: Power Metal Resources plc
Power Metal granted South Australia IOCG licence
Power Metal Resources plc has been granted its first exploration licence, covering 999km2, for a potential iron oxide-copper-gold (IOCG) deposit in the Anna Creek area of South Australia. GAWLOR CRATON The company submitted an application for two licences in October 2021. Licence EL6819 is valid for six years ending 24 August 2028, subject to a minimum exploration spend of A$100,000 (£59,000) […]
Kavango identifies gold mineralising system at Ditau REE project
Kavango Resources plc said it had identified a gold mineralising system from analytical results, including gold fire and whole rock assays, at the Ditau Camp rare earth element project, southwest Botswana. ZONE OF INTEREST The company added that analyses from hole DITDD004, drilled to 393.29m on Target i10, showed the presence of gold associated with […]
Power Metal signs contract for 2,600m Molopo drill
Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]
Power Metal completes Pilot-Garfield surveys
Power Metal Resources plc said it had completed geophysics surveys ahead of selecting target areas for drilling at its precious and base metal projects in Nevada, USA. PROJECTS The company’s subsidiary (83.13%) Golden Metal Resources plc, holds 100% of the Pilot Mountain, Garfield and Stonewall projects, and a right to earn-in to a 100% interest […]
Power Metal starts RC drilling at Tati
Power Metal Resources plc has begun reverse circulation (RC) drilling following last month’s mapping exercise at its 100% owned Tati gold project within the Tati Greenstone Belt (TGB) near Francistown, northeast Botswana. TATI The company holds prospecting licences PL126/2019, PL127/2019 for gold and nickel mineralisation as well as the 16.14km2 PL049/2022 covering the historic Cherished Hope gold mine. DRILL […]