4th Aug 2021 20:32
Power Metal Resources PLC - metal exploration and development company - Says it it successfully completed the Phase I work programme on its two gold-nickel licences in the Tati Greenstone Belt, located near Francistown, Botswana.
Chief Executive Officer Paul Johnson says: "The completion of this Phase I programme so quickly after option exercise is a key step for Power Metal and we look forward to receipt of test results from the 1,156 soil and rock samples collected. The due diligence work completed earlier this year by our exploration teams demonstrated multiple multi-kilometre arsenic, gold, and nickel anomalies.
"We believe the results from our Phase I ground exploration programme will continue to demonstrate the size, scale and magnitude of the targets that exist within the licences. We expect the results generated will allow us to plan for our Phase II Programme which will include geophysics, as well as Rotary Airblast drilling, which is planned for late summer 2021."
Current stock price: 2.10 pence
Year-to-date change: down 29%
By Arvind Bhunjun; [email protected]
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