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Power Metal Resources identifies large gold-in-soil anomaly at Tati in Botswana

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Power Metal Resources PLC (AIM:POW, FRA:2M5) has confirmed the existence of a large-scale gold-in-soil anomaly at the Tati project located in the Tati greenstone belt near Francistown, Botswana. 

The gold anomaly was confirmed following receipt of laboratory assay testing results of soil and rock samples collected during phase I exploration.

Corresponding rock assay results have returned grades of up to 26.5 grams per tonne gold, while soil sample assay results returned up to 1,614 parts per billion gold, including 10 soil samples that returned greater than 75ppb gold.

Phase II exploration, which was launched on August 26 2021, continues at pace and is focused on delineation of targets for drill testing, which is expected to commence by the end of September 2021.

"The Tati Project in Botswana continues to deliver, with the multiple large scale nickel and arsenic-in-soil anomalies announced on 19 August 2021, and now followed up with the confirmation of a large scale gold-in-soil anomaly confirmed at the Sikukwe Zone from gold fire assay testing,” said Power Metals chief executive Paul Johnson.

“Since Power Metal exercised its option to acquire the Tati Project in July, we have conducted extensive accelerated exploration on the ground and that work continues today, as we vector in on targets for drill testing expected to commence later this month.”

The Sikukwe Zone geochemical results highlight a roughly 2,100 metre long northwest-southeast trending high-tenor gold-in-soil anomaly which ranges in width from 1,400 metres to 800 metres along its extent. The anomaly remains open in all directions.

Due to extensive Kalahari sand cover, soil sampling within the Tati Greenstone Belt has proven to be an extremely valuable exploration tool historically, as it has led to the discovery of several gold mines within the district.

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