Power Metal Resources plc said that recent proof-of-concept drilling had confirmed the geological model for magmatic sulphide mineralisation at Molopo Farms Complex (MFC) in Botswana.
The company currently has a 40% direct MFC project interest as well as an 18% share in operator Kalahari Key Mineral Exploration Pty Ltd, for a combined effective economic interest of 50.8%.
The joint venture, which aims to discover a major nickel deposit, is finalising the technical review of work done so far before starting the next stage exploration work including a Phase II drill programme.
EXTENSION
Kalahari Key chairman Christian Schaffalitzky said that the MFC project was transected by the Thabazimbi-Murchison lineament (TML), a major fault system which trends easterly.
Kalahari Key believes it to be the same structure which controlled the emplacement of magma within the highly prolific Bushveld Igneous Complex (BIC) in South Africa.
The BIC is one of the world’s major sources of nickel and platinum group metals (PGMs).
Mr Schaffalitzky added that, by extension, the TML was believed to be the feeder for the MCF, and a target for a Voisey’s Bay-style major nickel deposit.
“A feeder zone structure is interpreted to be close to hole K1-6 and extends north-eastwards to the edge of the licence area.
“Recently completed proof-of-concept drilling by Kalahari Key, including three widely spaced diamond drill holes targeting large-scale conductive electromagnetic (EM) geophysics anomalies, has identified in hole K1-6 the highest nickel grades to date within the MFC.
“Significantly, thin section analysis of select drill intercepts has identified primary magmatic sulphide mineralisation including pentlandite and chalcopyrite.”
MOLOPO FARMS COMPLEX
The MFC project is a district-scale exploration project covering 1,723 km2 in southwest Botswana.
Kalahari Key conducted extensive preparatory work over five years before starting proof-of-concept drilling in October 2020 with three holes completed.