(Alliance News) - Power Metal Resources PLC on Thursday said it has found a large copper anomaly as its Kisinka copper-cobalt project in the Democratic Republic of the Congo.
The anomaly finding is drawn from the final report on the Kisinka exploration programme.
Power Metal Chief Executive Paul Johnson said: "We have confirmed the presence and potential significance of copper mineralisation along the undifferentiated roan horizons within our license."
Undifferentiated roan, Johnson noted, hosts among "the world's largest and highest-grade sedimentary rock-hosted copper-cobalt deposits" within the DRC and Zambia copper belts.
Johnson commented that: "Given the substantial 6.8 kilometre length and size of the copper anomalous area and the presence of rocks from the important mineral-bearing roan 2 stratum in a license along strike, there are sufficient indications that the tenement may be host to a significant copper target to justify immediate further exploration.
"The company is considering its exploration options for the next stage and expects to begin a new exploration programme shortly."
Shares in Power Metal were up 4.4% at 0.60 pence on Thursday afternoon.
Power Metal (POW)