Botswana24 Sep 2021 17:46
24th Sept
HIGHLIGHTS:
- Nickel enrichment was encountered throughout the entire 7m interval assayed as part of this batch, including a 0.6m sample which returned 1.696% Ni (16,961ppm), 0.55g/t platinum (Pt), and 0.14g/t gold (Au).
- The results presented herein represent the single highest nickel and platinum results, and the second highest gold result from the 2020 drilling programme to date.
- These results further demonstrate the potential the Molopo Farms Complex Project has of hosting significant nickel-platinum group element ("PGE") enriched magmatic sulphide mineralisation.
- The fine grained nature of sulphide mineralisation indicates that several other intervals with KKME 1-6 have the potential to host appreciable nickel-sulphide mineralisation. As a result, additional samples will now be sent to the laboratory for assay testing.
- The identification of these additional mineralised pyroxenite horizons within KKME 1-6, is highly encouraging and will assist as we plan for the next phase of drilling on the Project.
Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented:
"We continue to see data emerging from Molopo Farms which points to the potential for significant nickel-PGE rich magmatic sulphide mineralisation. More assay tests are in process and the results are keenly awaited.
We have been fortunate to identify the targeted mineralisation so early in the exploration campaign, notably nickel sulphides in the second hole of drilling. Now we continue to build on that with some enthusiasm."
https://www.investegate.co.uk/power-metal--pow-/rns/botswana-molopo-farms-complex---further-assays/202109241515069521M/
PJ fast tracking to 20p with no let-up on news flow...just about does it for me POW
WOW!