Power Metal Resources PLC (AIM:POW) told investors that it has confirmed uranium exploration targets across four properties in its portfolio surrounding the Athabasca Basin, Saskatchewan, Canada.
The company, in a statement, said that hyperspectral data analysis utilising Sentinel-2 satellite data on hydrogen and helium gas reflectance has refined the uranium targets.
Data will be used for the next stage ground exploration this summer, it added.
"The Power Metal technical team have been working hard to advance our knowledge across the Athabasca uranium portfolio,” said chief executive Paul Johnson.
“The outcome of their work for four properties is outlined below, in readiness for planned field exploration this summer.
“Notably, the work done has highlighted that the Tait Hill property hosts a geological setting analogous to the Rössing uranium mine, one of the world's largest uranium producing mines.
“This is exciting for the team and it's important we get on site as soon as practicable to further analyse the geology in the field."