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Power Metal charge up for a Botswanan Bonanza

27 January 2023 09:51
LON: POW

Power Metal Resources have launched this year’s exploration campaign over Tati Gold and continued its march towards discovery of a large-scale gold deposit at the wholly owned Botswanan project.

It marks a much-anticipated and fast tracked follow up after the return of multiple bonanza-grade intercepts as high as 47.1 grams per tonne gold.

Trenching and geophysics programs are already underway, directed at extending known strike length extensions of the main quartz reef and providing prospective structures and geology from the historic Cherished Hope Gold Mine perched within Power Metal territory.

And yet to come is around 20 holes of combined diamond and RC drilling to test along strike and down dip extensions of the main structure and select portions successfully outlined in last year’s exploration.

The first trio of Power Metal drill holes at Tati all struck high-grade gold, and more were to come from the next six, with another bonanza grade return exceeding 40 grams per tonne for the project host to a gold-in-soil anomaly, extensive near surface mineralisation, a former working gold mine, local processing plant and golden continuity across the tested strike.

The company said the campaign is a key step forward, with works pulling together towards a prime objective of discovering a large-scale gold deposit.

“Our exploration programmes in 2021 and 2022 have built a robust picture of the Project’s potential and we are particularly excited as we proceed with the next stage of exploration – the largest ever completed on the Project by Power Metal,” chief executive Paul Johnson said.

“So far, we have confirmed near surface high-grade gold from reverse circulation drilling, conducted last year, which intersected the quartz reef structure near the Cherished Hope mine and delivered high-grade and bonanza-grade gold results.”

 

 

POW Tati Map

Project overview map.

 

POW’s London Stock Exchange-listed share price is currently trading at 1.35 British pence (9.43 am UTC+ 8 hours).

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