Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: (no Code)
Company name: Power Metal Resources Plc
Project name: Tati
Location: Botswana
Commodities: Gold
Highlight: Drilling results incl. 3m @ 5.174g/t Au from 9m
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 the Company’s inaugural drilling programme on the Tati Project (“Tati” or the “Project”) located within the Tati Greenstone Belt near Francistown, Botswana. Drillholes intersected a modest to shallow dipping quartzite unit with variable gold grades including highlight results up to 3m of 5.17g/t Au. The drill results highlighted the down dip extent of the quartzite, which remains open at depth and along strike. Mapping within the area identified a northwest-southeast oriented structure which extends at least 17km, intersecting the nearby Monarch Gold Mine along its extent. The structure extends from the 2021 drilling area, as well as to previously unstaked ground to the southeast of PL126/2019. Additionally, Power Metal was able to obtain historically geochemical data collected over this ground, which showed a larger and higher-tenor
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