26th Sep 2022 08:10
Evrima PLC - mining and exploration investor - On Thursday last week, notes update from partner Power Metal Resources PLC, which says inaugural drilling at Molopo Farms Complex project in Botswana has started. Power Metal says diamond core drilling at drillhole DDH1-6B is now underway and is targeting a "large southerly dipping conductor that was identified by the company's recently completed moving loop electromagnetic geophysics survey over the priority target area 1-6".
Power Metal is an AIM-listed metals exploration and development company with a 53% interest in Molopo. In May, Power Metal announced a deal that would see its interest in Molopo Farms increase to 88% and it become the operator. Evrima, meanwhile, has a 8.9% project-level interest.
Current Evrima stock price on AQSE: 4.02 pence
12-month change: down from 6.00 pence on Oct 19, 2021
By Xindi Wei; [email protected]
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