Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Planning for Diamond Drilling to go ahead....and appears KAT have funds?!
THE HANETI NICKEL PGM PROJECT
Further to our announcement of 7 April 2021 in which a planned d iamond drilling project was announced with the objective to intersect the TDEM and magnetic geophysics anomalies, i.e. the primary sulphide mineralisation and fresh unaltered rock samples for mineralogical analysis, the Company can now confirm that planning for the campaign has been completed. The planning process involved amongst others the careful consideration of exploration results to date to ensure accurate hole positioning and required extensive technical consultation.
The drill programme and associated budget for Haneti will now be submitted for approval and subsequent implementation.
Louis Coetzee, Executive Chairman of Katoro, said: "We are satisfied and encouraged with the continued progress on the BV funding process despite recent delays on account of the political unrest in South Africa. The interest and confidence in the merit of the BV as a robust project remains very strong with potential funders. The general view in this regard is in fact that the BV is strong and robust enough to mitigate a substantial part of the perceived country risk in its own right.
We are similarly excited to commence with the next phase of drilling on the Haneti project after the confirmatory results of the 2020 RAB drilling programme that strongly confirmed the exploration potential of the Haneti project and the merit of continuing with advanced exploration activities .
The Company has also been able to manage its cash reserves very astutely since the last placement in December 2020 which leaves the Company in a position to confidently continue with the various work streams discussed above."
Agreed, even if only a couple of these samples assay with Bonanza grade silver we will have an extremely valuable, and highly saleable asset!
Superb update....further 13 holes to be completed by mid-Aug.
Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented:
"Excellent progress has been made thus far in the 2021 diamond drilling at Silver Peak with 12 holes now completed, high core recovery and evidence that the drill core is extremely oxidised.
Heavily oxidised core was the characteristic of samples previously tested which delivered the bonanza grade silver results from the due diligence channel sampling undertaken last summer.
The data collected from this programme will provide valuable information on the Project which will be critical as we prepare for our planned Phase II deep drilling programme targeted for late summer 2021."
PJ is an absolute dynamo!...and continues to build a diversified portfolio of extremely exciting prospects.
POW is currently massively undervalued IMHO, and there is no doubt that there is a seller holding back the SP. I see this as an opportunity to establish a position in what is one of the most dynamic and exciting companies on AIM.
When POW starts to move, it will move fast and far !
Excellent News, Hopefully the drilling will hit some more bonanza grades!
Not sure which I would prefer IPO or outright sale....pros and cons to both
I agree James KCB is lowest risk drill project, and positive results would be extremely valuable to both companies (would do Kanye Resources no harm either). I am sure they must be looking at ways of getting a drill onto KCB asap i.e. a second drill.
Victoria Goldfield also seems to have gone a bit quiet lately...they've done a lot of desk & groundwork there. Drilling there (with good results) would make the proposed IPO extremely lucrative.
Ella, I think Paul Johnson from POW has talked about listing Kanye (KCB & Ditau)
Thank you Keith, you have enriched and enlightened the board. Much appreciated!
BT Updates re KSZ & KCB
https://youtu.be/xd3DuCd8XWo
Just Morula increased from 12km to 18km in size, Copper found in >90% of soil samples - strike open in both directions! New target 'Happy' is ONLY 5km long
Am I wrong or is that not an amazing RNS?
I hold thro' H-L as well, ISA & SIPP. I have had no communication and can find nothing on their website. Poolberg has a place marker listing on the site.
It would be nice to have some confirmation of my holding, but H-L comms has never been great....unless they want you to transfer more money their way!
From a few minutes ago
https://youtu.be/zVg-c-2tV8Y
Gut-Feeling only, but I think today is the day we get either a tweet or perhaps RNS to confirm the start of drilling.
The preparation has been steady and methodical, and all points to something very special in deed is lying under those Kalahari sands
Onwards & Downwards!
Yep, have noticed that Nate, has been going on for a while now, and is certainly holding the SP back. Everyone has their reasons for selling, but it is curious when the company seems very close to breaking out!
100% Owned by POW
https://www.powermetalresources.com/wp-content/uploads/2021/07/Golden-Metal-ResourcesvF.pdf
https://www.powermetalresources.com/wp-content/uploads/2021/07/First-Development-Resources.pdf
Very exciting presentation on First Development Resources UK.
Working my way through it, but those magnetic bullseye anomalies look amazing ...Havieron-like!!! and 5km in diameter.
Exciting times ahead
KAVs plans likely to have a very positive spin off for POW, if they get 2 of their own drills as suggested that would in all likelihood speed up drilling on KCB....and hopefully also Ditau.