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Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Posts update on Molopo farms complex project in Botswana. Explains surveys covered target areas T1-T4, T1-3 and T2-3. Says "final results have highlighted a large, significant geophysical conductor at target area T2-3". Further, "This conductor has been given a high-priority, A+, ranking by the company, the same priority ranking granted to the conductor at T1-6, where drilling is ongoing."
Power Metal says a planned 600 metre diamond core drillhole named DDH2-3A has been designed to intersect the T2-3 conductor at about 300 to 350 metres downhole depth. It plans o drill the hole after completing the drills at diamond drill holes DDH1-6B and DDH1-6C.
Current stock price: 1.53 pence, up 3.7% on Wednesday
12-month change: down 28%
By Tom Budszus; tombudszus@alliancenews.com
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