RE: 1.50+ incoming7 Feb 2024 14:29
DRILLING STARTED.....FABULOUS TO SEE
· Power Metal confirms the commencement of diamond drilling at Molopo Farms, targeting a steeply-dipping high-priority conductor at target area T1-14. The drill hole in progress has a target depth of 700-800m.
· The Company also recently completed ground Audio-frequency Magnetotelluric ("AMT"), as well as magnetics over target areas T1-14 and T1-9.
· The goal of the AMT work was to further refine targeting at two locations along the multi-kilometre scale steeply-dipping conductor, co-incident with the keel of the feeder zone intrusion and which extends across T1-14 and T1-9.
· The results of the AMT work have now been received and the data has allowed the Company to further refine its targeting at target area T1-14 in advance of drill commencement.
· The Company's CEO, Sean Wade, will be arriving on site shortly to liaise with the Company's in-country operations team.