Power Metal Resources plc said it had overcome bad weather by using smaller equipment to start diamond drilling at its Silver Peak project in British Columbia, Canada. CONDITIONS The company had expected to start a 500-metre confirmatory diamond core drill programme to test the Victoria vein. However, poor weather has prevented the drilling rig and […]
Tag: Power Metal Resources
RRAL granted further Ballarat gold licences
Red Rock Australasia Pty Ltd (RRAL) announced that a further seven of its licence applications have been accepted and given the highest ranking in the Victoria gold fields of Australia. BACKLOG The company is a joint venture between Red Rock Resources plc (49%) and Power Metal Resources plc (50.1%). The partnership is targeting the historic […]
RRAL applies for additional licence in Victoria gold fields
Red Rock Resources plc and Power Metal Resources plc have applied for an additional licence that forms a close inner circle around the Ballarat mine in the Victoria gold fields, Australia. LICENCES The licence area covers 148km2 (EL007540)) and is surrounded by existing applications from the joint venture partners under Red Rock Australasia Pty Ltd […]
Power Metal further invests in Molopo
Power Metal Resources plc has made a further investment in Kalahari Key Mineral Exploration (Pty) Ltd in their nickel sulphide and platinum-group metal (PGM) mineralisation project in Botswana. Kalahari Key holds 100% of the Molopo Farms Complex (MFC) project and Power Metal earns into a 40% interest by funding $500,000 exploration expenditure in 2020. Power […]
Power Metal early results augur well for Molopo
Power Metal Resources said early results from its drilling programme at Molopo Farms Complex (MFC) in Botswana supported the geophysical model for an intrusion feeder zone which could hold mineralised bodies. The company said it had so far drilled to a depth of 283 metres at the nickel sulphide and platinum-group metal (PGM) site. Hole […]
Power Metal to drill at Silver Peak before winter
Power Metal Resources plc aims to start drilling for silver after signing a contract to test the Victoria Vein at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria Silver Mine, the first Crown-granted mineral property in British Columbia. The drill programme is expected to be completed within a two-week window […]