London-listed Power Metal Resources has made a significant gold discovery at the Tati project located in the rich Tati Greenstone Belt near Francistown in Botswana.
The company, seeking large-scale metal discoveries across its global project portfolio confirmed a rock sample containing over 26 grammes per tonne of gold amongst numerous high-grade samples collected from a 2100 metre gold-in-soil anomaly at the Sikukwe zone during the site’s first phase of detailed exploration.
The company said the results further support the project’s considerable scale potential, with the latest find adding to the multiple large scale nickel and arsenic-in-soil anomalies previously announced.
“The new results, including up to 26.5g/t gold in rock samples, are very encouraging, and the team are increasingly thrilled with the findings to date and the exploration potential offered by the Tati project,” chief executive Paul Johnson said.
“Since Power Metal exercised its option to acquire the Tati Project in July, we have conducted extensive accelerated exploration on the ground, and that work continues today, as we vector in on targets for drill testing expected to commence later this month.”
“Our thanks go to the ground operational teams and those with whom we are working in Botswana for moving the Project to the cusp of potentially high-impact drilling in just two months from option exercise, which is quite a remarkable achievement.”
Power Metal plans to provide regular updates on the next e.xploration phase, already well underway, and drilling activities planned across the Tati project.
The company’s London Stock Exchange-listed share price was £1.9 British pounds today (9:47 am GMT+8 hours)