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Power Metal accelerate exploration

16 December 2022 13:35
LON: POW

Power Metal Resources are fast tracking exploration over Tati Gold after its RC drilling program returned multiple bonanza grade results from the Botswanan project.

The plans are now laid to follow up on the near-surface intercepts which included bonanza strikes as high as 47.1 grams per tonne gold.

An extensive exploration program will include a high-resolution soil geochemistry program, a ground magnetometer geophysics survey, a mechanised trenching program, and around 12 to15 RC holes to test for the along strike and down dip extensions of the main mineralised quartz reef structure.

It will culminate with diamond drilling to greater understand the gold mineralisation of a project boasting bonanza grades, a gold-in-soil anomaly, extensive near surface mineralisation, a former working gold mine, and a local processing plant on top.

The company said its plans would also include the first testing of gold at depth to add to the near surface mineralisation already identified.

“At the Tati Gold Project we are focused on discovering a large gold deposit. So far, in our view, the evidence gathered is increasingly compelling,” chief executive Paul Johnson said.

“We have therefore accelerated next stage Project exploration plans, through which we believe we can move the Project forward quite considerably.”

More news will be coming in soon as Power Metal executes on its plans of discovery.

POW’s London Stock Exchange-listed share price was trading at 1.4 British pence today (1.33 pm UTC+ 8 hours).

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