Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
Tag: Silver Peak
Power Metal delineates very high grade Ag at Silver Peak
Power Metal reported it had delineated very high grade silver at the Silver Peak project in British Columbia, Canada. The company managed to complete six diamond drill holes, each at an average of 12 feet, and collect rock chip samples using man-portable equipment before the snows fell at the end of November. Weather conditions made […]
Power Metal stops drilling before snows at Silver Peak
Power Metal Resources plc said it had managed to complete six diamond drill holes and collect rock chip samples before the snows fell at its Silver Peak project in British Columbia, Canada. Chief executive Paul Johnson added that the operating conditions were “very challenging”. The local team used “man-portable” equipment after the weather conditions proved […]
Power Metal exercises earn-in option to Silver Peak
Power Metal Resources has exercised its option to earn-in to the Silver Peak project in southern British Columbia, Canada. Following positive due diligence at the Eureka-Victoria silver mine, the company will now be able to earn-in to a 30% interest in the project, with an additional C$225,000 committed for ground exploration. A technical review is […]
Power Metal completes Silver Peak due diligence
Power Metal Resources has completed its due diligence at the exploration programme in the Silver Peak project in British Columbia, Canada. A total of 11 channel samples were taken from the Victoria vein faces exposed in the cliffs and open stopes located vertically above the Victoria adit. Samples have been submitted to the accredited laboratory, […]