First Class Metals plc (FCM) intersected spodumene-bearing pegmatites in nine targeted holes drilled at the Zigzag lithium property in the Seymour-Falcon corridor, northwestern Ontario. SAMPLING The company recorded more than 50 metres of pegmatite, exceeding 5m in thickness, and mineralisation remaining open along strike and down dip. Multiple mineralised pegmatite zones were intersected in holes […]
Tag: Power Metal Resources plc
Power Metal identifies further uranium targets
Power Metal Resources plc has identified additional multiple “significant” uranium targets at another two of its 17 projects in and around the Athabasca basin, Saskatchewan. CLEARWATER The findings, from the unmanned aerial vehicle magnetic geophysics surveys covering Clearwater and Cook Lake, are from the company’s 2023 exploration programme across its 1,012km2 portfolio. At Clearwater, the survey focused […]
Power Metal to drill test Molopo in new year
Power Metal Resources plc expects to drill test an identified high priority target in January 2024 at Molopo Farms Complex in southwestern Botswana. TWO AREAS The company has signed a drilling contract with Discovery Drilling Contractors Africa, which completed the 2021 drilling campaign on Molopo. Operations will focus on the “very strong, steeply dipping multi-kilometre” conductor, co-incident […]
Power Metal uranium subsidiary raises £421,500
Power Metal Resources plc uranium-focused subsidiary has completed a pre-IPO financing of £421,500 for its planned listing during the first half of 2024. EXPECTATIONS Teathers Financial plc, to be renamed as Uranium Energy Exploration plc (UEE), raised the funds at 1.241135p per Teathers new ordinary share. It conditionally acquired the Reitenbach and E-12 Uranium properties in 2022 […]
Golden Metal assays increase Garfield potential
Golden Metal Resources plc reported greater than expected copper-silver-gold mineralisation from overlimit assay testing at Garfield within the Walker Lane mineral belt in Nevada. SIGNIFICANT Following last week’s preliminary results from ground exploration, overlimit samples were reanalysed using higher-grade threshold assay methods. Results of 11 of 32 samples returned greater than 1% calculated copper equivalent (CuEq) including 23.92% CuEq (2.37% Cu, […]
Study expands and increases lithium-REE target areas at Selta
Power Metal Resources plc reported a “sigificant” expansion in the existing rare earth element and lithium exploration target area as well as new target areas at Selta in the Northern Territory. PRIORITY The company’s subsidiary (58.59%) First Development Resources plc (FDR) commissioned a high-level geophysical and geographical information system desktop study on the project’s mineral exploration […]