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Power Metal to increase exploration at Kisinka in the DRC

Minex Consulting will carry out a programme of pitting, sampling, and mapping

Power Metal Resources -
"We were surprised and encouraged by the discovery of a very extensive copper anomaly"

Power Metal Resources PLC (LON:POW) will carry out further exploration at its Kisinka copper project in the DRC after being ‘surprised’ by results of termite mound sampling.

Minex Consulting will carry out a programme of pitting, sampling, and mapping which, if successful, should confirm a significant copper anomaly as well as testing the cobalt mineralisation.

Paul Johnson, chief executive said:  "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.”

Power Metal, which owns 70% of the Katangan Copperbelt-based Kisinka, will excavate 24 pits in the area that contains the 6.8km anomaly.

Quick facts: Power Metal Resources

Price: 0.4025 GBX

AIM:POW
Market: AIM
Market Cap: £2.22 m
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