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Power Metal keep up the momentum

23 August 2022 12:31
LON: POW
PVW get drilling at Tati

Power Metal Resources have fired up the rig at the Tati Gold Project along Botswana’s Tati Greenstone Belt, targeting high-grade gold extensions of the Cherished Hope Mine’s mineralised quartz reef structure.

The campaign will be made up of nine reverse circulation holes over 500 metres targeting the same mineralising structure which has shown grades up to 5.17 grams per tonne gold over three metres from only nine downhole.

 

Map of Tati drilling

Map highlighting the location of the RC drill programme.

 

Drilling over the wholly-owned project builds on momentum from last week’s uncovering of a very large-scale and strong magnetic conductor at the explorer’s flagship Molopo Farms Complex.

The company said while Molopo remains its focus, Tati’s high-grade and near-surface potential provided the impetus for expedited drilling.

“The company remains focused on preparations for the upcoming Molopo Farms Complex drilling campaign targeting a large-scale nickel-copper-platinum group metal discovery,” managing director Paul Johnson said.

Given the efficiency of RC drilling and its proximity to the major city of Francistown, Power Metal expect drilling to take a week while it awaits further assays from sampling.

POW’s London Stock Exchange-listed price was trading at 1.52 British Pence (12:15 pm UTC+ 8 hours)

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