FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Power Metal pass another Molopo milestone

8 February 2023 12:49
LON: POW

Power Metal Resources have completed its campaign at the Molopo Farms Complex, wrapping up over 2400 metres of diamond drilling as it moves on making a large-scale nickel and platinum group element discovery in southeastern Botswana.

It marks the next milestone on a project which continued to elevate in status with a validated exploration model throughout the campaign.

Electromagnetic conductors continued to be revealed while the drill campaign was ongoing, providing four A+ priorities to strike, including a superconductor spotted at target area T1-14 with a conductance reading like that of massive sulphides.

The company said the completion represents an important step forward and thanked the operational team for a job well done on a programme requiring rapid adaptation to changing technical demands.

“Historical exploration work completed at Molopo Farms prior to this drill programme demonstrated the validity of the feeder zone geological model with evidence of the targeted nickel sulphides,” chief executive Paul Johson said.

“From our recent work and technical findings from this drill programme thus far, the model has been further validated.

“With diamond drilling, downhole geophysics, technical core review and assay testing we are bringing together a significant amount of data with multiple final datasets awaited, including assay results and the interpretation thereof.”

Power Metal are now at work on logging all the remaining cores and shipping off samples for assay in Johannesburg, building up to a comprehensive release of all results, with data and interpretations expected to add considerable heft to what it considers as an inspiring exploration opportunity.

POW’s London Stock Exchange-listed share price is currently trading at 1.2 British pence (12.49 pm UTC+ 8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This