Power Metal Resources plc has completed Phase I work programme on its two gold-nickel licences in the Tati Greenstone Belt near Francistown, Botswana.
Power Metal exercised an option to acquire a 100% interest in the project at the end of July 2021, through its local wholly owned operating subsidiary Power Metal Resources Botswana (Pty).
PHASE 1
Power Metal said that a total of 1,107 soil samples and 49 rock samples were collected across the five grid areas.
This exceeded the 1,000 soil samples that was originally planned.
Mapping identified several old workings, including historical trenches, mine shafts and adits across both prospecting licences. Samples were taken from these features when possible.
Soil samples from grids 2-5 (727 samples) will be analysed by portable x-ray fluoresence spectrometer (pXRF).
Sampes from grid 1 (380 samples), as well as all rock samples have been submitted for labaratory assay by Intertek Group in Perth, Australia.
PHASE 2
The company said that several areas were designated for immediate follow up based on mapped structural and geological observations.
A Phase II programme including ground-based geophysics is being considered in advance of a rotary air blast drilling programme planned for late summer 2021.
Chief executive Paul Johnson said that the quick completion of Phase 1 so soon after the option exercise was a key step for the company.
“The due diligence work completed earlier this year by our exploration teams demonstrated multiple multi-kilometre arsenic, gold, and nickel anomalies, and we believe the results from our Phase I ground exploration programme will continue to demonstrate the size, scale and magnitude of the targets that exist within the licences.”
He added that the ground team completed the programme on schedule and on budget.
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