5th May 2020 17:29
(Alliance News) - Power Metal Resources PLC said Tuesday it has completed a follow-up pitting and mapping exploration programme across a 6.8 kilometre copper anomaly in its 70% owned Kisinka copper-cobalt project in the Democratic Republic of the Congo.
The programme saw the completion of 21 pits totalling 174.5 metres on nine cross sections of the copper anomaly target area. 204 channel samples were collected, with three grab samples from the bottom contacts of selected pits.
Looking ahead, preliminary mapping of lithological units have been carried out and sample preparation is underway at the University of Lubumbashi.
There, X-ray fluorescence testing of samples will be undertaken, and - should lockdown restrictions ease enough to allow the transport of samples and availability of laboratories - assay testing will take place in South Africa.
"I am pleased to report the safe completion of the pitting programme and the collection of a large number of samples for testing. With sample preparation underway in Lubumbashi, we look forward to receipt of the XRF testing results, and thereafter assay results, focused on copper-cobalt mineralisation," said Chief Executive Officer Paul Johnson.
"The team in the field reported encouraging findings from the lithological review and visual examination of extracted samples and we look forward to the receipt of sample XRF and assay test results in due course," Johnson added.
Shares in Power Metal closed 17% higher at 0.35 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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