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Power Metals prepares for promising Botswana exploration

12 October 2021 19:00
LON: POW

London-listed Power Metal Resources will soon begin exploring large-scale gold and nickel prospects, with site preparation rapidly advancing in anticipation of the drilling at the Tati Project in Botswana.

Amidst the surging demand for battery minerals and the relative safety of gold, preparations for the inaugural program will facilitate highly anticipated exploration of the site where the company found a rock sample containing more than 26 grammes per tonne of gold last month.

POW will focus on scale bearing formations similar to past and present projects nearby, drilling over approximately 1,000 metres of ground, focusing on multiple target zones.

It hopes the results will provide crucial geological information that will help guide future exploration and drilling campaigns.

“The launch of this inaugural drill programme at the Tati project in Botswana is a great step forward for the company,” chief executive Paul Johnson said.

“The stunning pace of ground exploration at the project has been matched by the positive findings to date and notably several multi-kilometre geochemical anomalies.

“Drilling at such an early stage demonstrates our confidence in the project and our sense of urgency better to understand the geology of several high-priority target areas.

“With successful exploration, Tati Project could become one of the leading projects in our portfolio.”

POW’s London Stock Exchange-listed shares were 1.83 British pounds today (5.27 pm GMT+ 8 hours).

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