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 […]
Tag: Power Metal Resources plc
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 […]
Power Metal finds ‘significant’ uranium anomalies
Power Metal Resources plc reported “significant” uranium prospectivity and refinement of drill targets from radon gas sampling at two of its properties at Athabasca basin, Saskatchewan. LARGE TARGET During the 2023 field season at the Tait Hill’s Mullis Lake target, the company found “very significant uranium” anomalies of up to 164ppm in soil. The deposits are […]
Power Metal targets ‘high priority’ superconductor
Power Metal Resources plc has identified a high priority drill target on a superconductor at the 1,723km2 Molopo Farms Complex nickel-platinum group elements discovery, southwest Botswana. TWO CONDUCTORS A hole, drilled in 2022, to a depth of 520m failed to intersect the modelled superconductor which is on target area T1-14. The company then engaged a geophysicist […]