Power Metal Resources plc announced bonanza grades from its 2021 diamond drilling exploration programme on the Silver Peak project in British Columbia, Canada. PHASE I The company completed 19 short-cored drill holes using Shaw or Hilti portable drills, producing 34mm diameter core samples. INTERCEPTS Power Metal said that assay analysis showed that 10 out of the 19 […]
Tag: Power Metal Resources plc
Power Metal steps up uranium campaign
Power Metal Resources plc has further increased its uranium portfolio by 54% at its 100% owned interests surrounding the Athabasca Basin in northern Saskatchewan, Canada. DATA The company has added 144.84 km2 and now holds 411.96 km2 (41,196 ha) with the additional ground (54.2%) staked around Thibaut Lake, Clearwater and Reitenbach properties. Power Metal said it was compiling historic data from […]
Power Metal starts campaign to increase uranium interests
Power Metal Resources plc said it had started a campaign to increase significantly its uranium portfolio as it staked additional claims around the Athabasca Basin in northern Saskatchewan, Canada. EXPANSION Power Metal has three times increased its 100% owned uranium portfolio in Canada since staking its first four claims in mid-September. The company today announced it had […]
Power Metal investee identifies VTEM anomaly at Pickle Lake
Power Metal Resources plc’s investee has identified a significant multi-line electro-magnetic (EM) anomaly at the nickel-copper Pickle Lake project in the Schreiber-Hemlo belt, Ontario, Canada. JOINT VENTURE The project, formerly known as Pezim II, is a joint venture (JV) between First Class Metals Ltd and Palladium One. In September 2021, Power Metal sold its Schreiber-Hemlo […]
Power Metal raises £10,500 through warrant exercise
Power Metal Resources plc raised £10,500 after receiving a notice to exercise warrants over 1,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]