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Power Metal continue Botswana Bonanza

8 November 2022 13:00
LON: POW
Power Metal's Tati Gold project in Botswana

Power Metal Resources have returned more high-grade gold as the final six assays included another Bonanza hit of 40.6 grams per tonne gold from its wholly owned Tati project in Botswana.

It comes after first assays all returned with high-grade gold, with these results further shoring up continuity across the golden strike.

Along with the high-grade gold intersections, the remaining assays also identified near-surface dolerite and reef-hosted quartz mineralisation in five of six holes.

Significant bodies along the strike remain untested, with mineralisation remaining open to the northwest, southeast and down dip.

The company said results from its inaugural drill campaign had made Tati a top priority.

“Naturally the grades peak excitement, which they should, however more important is the continuity of gold mineralisation over the 175m strike drill tested thus far, which bodes well for the significant amount of the anomaly yet to be tested,” chief executive Paul Johnson said.

“Complementing the extremely exciting gold exploration results we have to note the practical advantages of the Tati Project.”

“The gold mineralisation identified to date is near surface, significantly de-risking any mining proposition. And the Project is centred on the former working gold mine, Cherished Hope, with gold fines dumps available for processing at a local processing site, potentially generating revenue for further exploration and development.”

Power intends to accelerate towards RC drilling to fully test a very large gold-in-soil anomaly, while proving up more extensive mineralisation and developing more avenues towards production.

POW’s London Stock Exchange-listed share price was trading at 1.45 British pence today (12.59 pm UTC+ 8 hours).

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