Power Metal - Kisinka Project Update
("Power Metal" or the "Company")
In 2019 the Company carried out a programme of 663 termite mound samples on a 400m by 200m grid, that led to the identification of a 6.8km by 600m zone of apparent copper anomaly in the Undifferentiated Roan mineralisation running through the license (see releases of
Power Metal has now commissioned
· 24 pits totalling c230 metres are to be dug on 9 cross-sections across the Target Area for copper, with channel and bottom sampling of pits; detailed mapping based on lithological units encountered, and preparation of samples for analysis including laboratory analysis to identify cobalt mineralisation.
· The programme will seek to confirm the copper trend established by termite mound sampling during the 2019 programme.
· This trend also at its north-west end intersects a part of the auger drilling traverse carried out by the Company in 2018 that produced indications of copper mineralisation in field XRF readings.
"When we came into the Company as a new management team early last year, the Kisinka exploration was the first work we carried out, before moving on to review of other parts of our project portfolio.
Our expectations were not high, and we were surprised and encouraged by the discovery of a very extensive copper anomaly following the trend of the Roan 1, 2 and 3 mineralisation.
Faced with a number of recommendations and alternatives and wishing to achieve exploration progress in the most cost-effective manner, we have considered various exploration possibilities.
We have decided to utilise the last part of the rainy season in carrying out a programme of pitting, sampling, and mapping that will not be excessively weather-dependent and which if successful will confirm a significant copper anomaly and advance our geological understanding of the area, and prepare for follow up work including geophysics and drilling.
This programme will also enable us to test the cobalt mineralisation of the Target Area."
FURTHER PROGRAMME INFORMATION
Planned pit locations are shown in Figure 1 which may be accessed through the following link:
In addition to soil samples collected from the pits, rock chip samples will be prepared at the
The programme in the field will commence imminently and is expected to take between 12 and 20 days, depending on weather conditions.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information please visit https://www.powermetalresources.com/ or contact:
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+44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
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+44 (0) 20 3470 0470
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+44 (0) 1483 413 500
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David Cockbill/Jason Robertson
+44 (0) 20 7330 1883
Notes to Editors:
This information is provided by RNS, the news service of the
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