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Power Metal kicks off exploration at Alamo Gold Project

"We intend to continue exploration work at pace, but in a disciplined manner."

Power Metal Resources -

Power Metal Resources PLC (LON:POW) said it has started a reconnaissance survey as a prelude to exploration at the Alamo gold project in Arizona.

Paul Johnson, chief executive, said: "This is an expeditious start to the exploration work at the Alamo Gold Project and I look forward to the findings of the Survey.  We intend to continue exploration work at pace, but in a disciplined manner.

“Our main objective is to identify a large mineralised gold system, and along the way we will be informing shareholders of progress and key developments in what is, significantly, our first gold exploration programme.

The start of exploration follows Power Metal completing an agreement to acquire an option to earn-in up to a 75% interest in Alamo in July.

Quick facts: Power Metal Resources

Price: 1.165 GBX

AIM:POW
Market: AIM
Market Cap: £9.44 m
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