Getting media coverage1 Feb 2024 11:34
I will add todays later in the afternoon here is yesterday coverage:
(Alliance News) - Shares in Power Metal Resources PLC jumped on Wednesday, after the company said it had contracted drillers for the "highest priority target" at its Botswana prospect.
Power Metal Resources is an exploration company focused on North America, Africa, and Australia. Shares in the firm were up 18% at 1.00 pence each in London on Wednesday morning.
This came after Power Metal announced the imminent commencement of drilling at the Molopo farms complex project. In October, Power Metal said that it had identified the "highest priority" drill target at the southern Botswana site. According to the company, the identified conductor is located within a geophysical area where one "would expect to find accumulations of significant nickel sulphides within a mafic/ultramafic complex".
Since the October discovery, Power Metal has advanced plans to drill test the target. The company has now contracted Discovery Drilling Contractors Africa, a Gaborone-based mining services company, to mobilise for the planned programme, with drilling expected to commence in the coming days.
Chief Executive Officer Sean Wade said: "I am pleased to confirm the mobilisation for this important drill programme targeting the highest priority conductor identified to date at the Molopo Farms Complex Project in Botswana.