Announcement Date: 2021-11-12
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Power Metal Resources Plc
Project name: Silver Peak
Location: Canada
Commodities: Silver
Highlight: Drilling results incl. 0.76m @ 8692.2g/t Ag, from 0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces results from its recently completed 2021 diamond drilling exploration programme on the Silver Peak Project (“Silver Peak” or the “Project”) located in British Columbia, Canada. A total of 19 short cored drill holes were completed as part of the Phase I programme and all drill core was logged, catalogued and split by independent geological consultants prior to being sent to ALS Canada Ltd in Vancouver, British Columbia, for accredited laboratory assay analysis. The holes were undertaken utilising either Shaw or Hilti portable drills producing 34mm diameter core samples. The bifurcating (splitting) nature of the vein system originally observed above the lower Victoria Portal was also observed in the 2021 drilling area, providing important structural information which will be critical for the planning of future drill programmes Additional interpretation of results underway, including overlimit analysis of select elements which is being contemplated. Overlimit analysis is undertaken where the sample grade exceeded the detection limits for the assay test procedures implemented, which occurred for copper, lead, zinc and antimony in certain of the samples reported in this announcement.
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