Power Metal Resources plc has advanced exploration work, with some mixed results, on its joint venture uranium licences in Labrador and Northern Saskatchewan in Canada. DIVERSITY Operating as Fermi Exploration Ltd, the JV comprises 18 properties in and around the Athabasca Basin in Saskatchewan, covering an aggregate 109,375.74 hectares (1,093.76km2). In Labrador, the sole licence of […]
Tag: Drake Lake-Silas uranium project
Power Metal to drill Drake Lake
Power Metal Resources plc uranium joint venture joint plans a diamond drilling programme at Drake Lake – Silas in the Central Mineral Belt of Newfoundland and Labrador, Canada. TARGETS The property covers two non-contiguous licences covering 1,250 hectares with the campaign beginning in June focused on the western licence of Drake Lake. Drilling in eight […]
Power Metal acquires new uranium project
Power Metal Resources plc has acquired the Drake Lake-Silas uranium project in Newfoundland and Labrador, Canada. OCCURRENCES The property will be sold into the company’s planned joint venture involving its entire portfolio of uranium licences with UCAM Ltd. Power Metal said it would not further extend the JV’s exclusivity date, “given the advanced state of the transaction” and expects to […]