5th Oct 2023 13:09
Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Recommences field exploration at 100%-owned Tati Gold project in Francistown, Botswana.
"After the successful confirmation of two significant gold anomalies, we wanted to expedite this ground follow up, and that is what we have done. Whilst it is always important to manage expectations, we are very optimistic that this follow-up programme will further our geological understanding of the project and lead us towards what we hope will be a significant economic discovery," says Chief Executive Sean Wade.
Geochemical soil samply assay results this year confirmed two significant gold-in-soil geochemical anomalies and continuity within the 8 kilometre gold trend at Tati. Six unique additional target areas have been identified for detailed soil sampling, which is expected to include a total of around 450 individual soil samples for follow on accredited laboratory gold assay testing.
Current stock price: 0.66 pence, down 5.6% in London on Thursday afternoon
12-month change: down 56%
By Heather Rydings, Alliance News senior economics reporter
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