Power Metal Resources plc has intersected the targeted steeply dipping geophysical superconductor at Molopo Farms Complex, southwest Botswana.
ANALYSIS
The company is targeting a district-scale nickel and platinum group element (PGE) discovery at the project.
Diamond drilling on DDH1-14C began in February and has now completed to a final depth of 832.6 metres at the high priority target area T1-14.
The geophysical superconductor is interpreted to be a “sulphide mineralised carbonaceous mudstone unit between 760.5 – 813m downhole depth and from 828.4m – 832.6m (end of hole) where it remains open at depth”.
Power Metal added that the mineralised carbonaceous mudstone contained abundant pyrrhotite-quartz-calcite veining and localised sulphide dominated veins of what appears to be pyrrhotite.
The company added that further mostly vein-hosted sulphides were present throughout the intervals including dominantly pyrite.
Samples will selected from the intervals and sent for multi-element and PGE assay testing.
“Target Area 1-14 has been of interest to Power Metal for some time due to the superconductor that was identified by multiple geophysical surveys,” said chief executive Sean Wade.
“The previous drillholes completed into this area were unsuccessful in intersecting the targeted conductor, and now, with the completion of this drillhole, we have achieved this objective.”