Kanye Resources has quadrupled its prospecting area with eight new licences (PLs) to 4,257km2 at the South Ghanzi copper-silver project in the Kalahari Copper Belt (KCB), Botswana. JOINT VENTURE The 50-50 strategic joint venture Botswana company comprises operator Kavango Resources plc and Power Metal Resources plc each with holdings through Kanye Resources plc, a UK company. Exploration costs […]
Tag: Power Metal Resources plc
Power Metal acquires Tati gold-nickel licences
Power Metal Resources plc has exercised its option to acquire a 100% interest in two gold-nickel exploration licences within the Tati Greenstone Belt near Francistown, Botswana. PROSPECTIVE Chief executive Paul Johnson said that Francistown and its surrounding area had not undergone extensive modern exploration. “The company’s due diligence review of historic data identified numerous multi kilometre-scale […]
Power Metal restarts diamond drilling at Silver Peak, Canada
Power Metal Resources plc has restarted diamond drilling at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria silver mine which is covered by the first ever Crown-granted mineral claim within the Province. The company conducted due diligence, testing the Victoria vein, during summer 2020 before heavy snowfall halted the drill programme in November 2020. […]
Power Metal raises £63,158 through warrant exercise
Power Metal Resources plc has raised £63,158 after receiving notices to exercise warrants over 8,421,053 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,421,053 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
Power Metal confirms geological model for magmatic sulphides at Molopo
Power Metal Resources plc said that recent proof-of-concept drilling had confirmed the geological model for magmatic sulphide mineralisation at Molopo Farms Complex (MFC) in Botswana. The company currently has a 40% direct MFC project interest as well as an 18% share in operator Kalahari Key Mineral Exploration Pty Ltd, for a combined effective economic interest of 50.8%. […]
Kavango-Power Metal extend Morula
Kanye Resources plc announced encouraging results from soil sampling at the South Ghanzi project in the Kalahari Copper Belt (KCB), Botswana. The company is a 50-50 joint venture between operator Kavango Resources plc and Power Metal Resources plc with both sharing exploration costs. Kavango extended infill soil sampling from 5.5km to 11km which led to […]