leadf
logo-loader
viewPower Metal Resources PLC
(
AIM:POWFRA:2M5
)

Power Metal starts sampling at Tati after review of historical data

Significant arsenic, nickel and gold-in-soil anomalies were identified

Power Metal Resources PLC -

Power Metal Resources PLC (LON:POW) said ongoing due diligence work at the Tati gold-nickel project in Botswana indicates substantial mineralisation.

Significant arsenic, nickel and gold-in-soil anomalies were identified from a historical data review and geochemical sampling, mapping and prospecting are now underway to validate the findings.

Paul Johnson, chief executive, said: “The announcement today in respect of our potential fourth project interest in Botswana, the Tati Project, is another significant development with our historical review identifying substantial arsenic, nickel and gold anomalies extending over multi-kilometre lengths within the two licence areas.

“These findings compel us to move quickly with ground exploration work to validate and confirm the data which, if successful, could mean the Tati Project holds considerable potential for large scale gold and nickel discoveries.

Power Metal has an option to acquire a 100% interest in the Tati project.

Quick facts: Power Metal Resources PLC

Follow
AIM:POW

Price: 2.1 GBX

Market Cap: £26.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Red Rock Resources' present plans for London IPO of 'Red Rock Australasia'

Red Rock Resources PLC (AIM:RRR, FRA:R2TA) (AIM:RRR, FRA:R2TA) Andrew Bell joins Proactive London to talks about his plans with Power Metal Resources PLC (AIM:POW, FRA:2M5) (AIM:POW, FRA:2M5) for a London IPO for their Australian gold joint venture, Red Rock Australasia Pty Ltd (RRAL).  Bell...

on 9/8/21

2 min read