Power Metal Resources plc has started drilling the first of four planned holes for nickel sulphide and platinum-group metal (PGM) mineralisation at Molopo Farms Complex (MFC), Botswana. The Phase 1 drilling programme is for an initial planned 2,505m across four diamond core drill holes. Planned target hole depths vary from 525m to 710m. Hole 1 […]
Tag: Power Metal Resources
Power Metal to drill soon at Molopo
Mobilisation of drilling equipment has started at the Molopo Farms Complex (MFC) in southwest Botswana where Power Metal Resources has nickel sulphide and platinum group metal interests. The company signed a contract with Discovery Drilling Contractors Africa who are expected to commence drilling shortly. The Phase 1 drilling programme is for an initial planned 2,505m […]
Power Metal and Kavango start Cu-Ag exploration in Botswana
Power Metal Resources plc and 50-50 strategic joint venture (SJV) partner Kavango Resources plc have started exploration work for copper-silver deposits in South Ghanzi in Botswana. The SJV includes two prospecting licences for copper covering 1,294km2 in the Kalahari Copper Belt. Exploration is now underway and will initially focus on soil sampling and geophysics to […]
Power Metal to accelerate JV in Victoria gold fields
Power Metal Resources plc said it would accelerate its gold exploration joint venture Red Rock Australasia Pty Ltd (RRAL) following findings in a new technical report. JOINT VENTURE RRAL is a joint venture company 49.9% owned by Power Metal and 50.1% by Red Rock Resources plc. Power Metal chief executive Paul Johnson, and Red Rock Resources […]
Power Metal signs 50% Botswana SJV with Kavango
Power Metal Resources plc has acquired a 50% interest in a 2,680 km2 strategic joint venture (SJV) portfolio of base and strategic metal project in Botswana. The acquisition involves four Botswana prospecting licences previously 100% owned by Kavango Resources, and forms a new SJV between the companies. Two prospecting licences for copper–silver cover 1,294.2km2 in […]
Power Metal exercises earn-in to Silver Peak
Power Metal Resources has exercised its earn-in option for a 30% interest in the Silver Peak project in southern British Columbia, Canada. PORTFOLIO The project comprises mineral claims over a system of intrusion-related, silver-lead-zinc-copper veins, part of the former working Eureka-Victoria silver mine. Power Metal will commit CA$225,000 to ground exploration. A technical review underway […]