Molopo Farms Complex, Botswana - Drilling Update7 Dec 2022 07:15
Paul Johnson, Chief Executive Officer of Power Metal Resources PLC commented:
"The Molopo Farms Complex Project represents a substantial discovery opportunity, both in terms of size and potential, and I am thrilled to report the presence of the targeted nickel sulphides* from the inaugural drillhole into target area T1-3, which is an immense target, the scale of which is clearly demonstrated within the figures below.
At T1-6, the targeted pyroxenite intervals originally intersected by the 2020/2021 drillhole KKME1-6 have successfully been intersected by the two new follow-up drillholes into this target area. Drill core samples from DDH1-6B are currently at the lab undergoing assay testing.
At target area T1-14 we await the detailed core logging results and the downhole geophysics survey data which recently completed. We will report these findings in due course.
We push on with increased confidence and look forward to reporting further results as well as progress updates surrounding the completion of the drillhole at Target T1-3, as well as the commencement of inaugural drilling at target area T2-3."
\* The presence of nickel sulphides was determined via visual inspection of core and subsequent analysis of identified sulphides utilising a portable X-Ray Fluorescence ("XRF") spectrometer.
Appears go be looking good for a major discovery. Let's see what Mr. Market thinks!
GLA