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Power Metal Resources now on the cusp of drilling at Silver Peak

Power Metal Resources has a diverse portfolio of exploration and development assets around the world

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Power Metal Resources PLC (LON:POW) has mobilised a drilling team to the Silver Peak silver project in British Columbia, Canada.

On 22 October 2020 Power Metal announced the signing of the drilling contract for an initial 500 metres of confirmatory diamond core drill programme to test the Victoria Vein at the Silver Peak project.

The project includes the Eureka-Victoria Silver mine, the first Crown-granted mineral property in British Columbia.

The drilling contractor has now mobilised the drilling rig, bulldozer and ancillary equipment from northern British Columbia to the local town of Hope where the Silver Peak Project is based.

The drilling rig and support equipment is being moved from Hope up the valley, on the upgraded access, to the first drill pad during the course of today with a view to commencing diamond core drilling before the end of the week.

"Following the logistics involved with shipping the drilling rig and equipment from northern British Columbia to the local town of Hope and finishing the final access from the road head to the drill pads, the team is mobilising up the valley and orientating the drill rig ready to commence the first hole during the course of today,” said Power Metals chief Paul Johnson.

“This is an exciting time for the Power Metal team and our partners as we launch our first silver focused drill programme. We are targeting the Victoria Vein where Power Metal due diligence sampling returned bonanza silver grades of up to 480 troy ounces per tonne with significant copper and lead grades. The information which will be secured from this drilling programme will be key to directing the next development steps for the project.”

Quick facts: Power Metal Resources

Price: 1.85 GBX

Market: AIM
Market Cap: £15.99 m

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