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Canadian Silver Project - Drilling Commences
Canadian Silver Project - Drilling Commences.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8741E\n Power Metal Resources PLC\n 10 November 2020\n \n \n \n \n 10 November 2020\n \n \n Power Metal Resources plc (\"Power Metal\" or the \"Company\")\n \n \n Canadian Silver Project - Drilling Commences\n \n \n Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to\n announce drilling has commenced at the Silver Peak silver project (the \"Silver Peak Project\" or the \"Project\") in British Columbia, Canada.\n \n \n CHIEF EXECUTIVE OFFICER'S STATEMENT\n \n Paul Johnson Chief Executive Officer of Power Metal Resources plc commented\n \"I am extremely pleased to announce the commencement of drilling at the Silver Peak project enabling us to secure sample core for laboratory assay testing and complimenting the work undertaken to date including the summer channel sampling which produced bonanza silver grades and significant copper and lead grades.\n As you will see below the original drilling plan had to be altered, and we have implemented a different approach using equipment appropriate to the new circumstances. I thank our partners for their quick thinking adaptability that has enabled a revised drill programme to be implemented.\n Given the significant results from the sampling programme we conducted recently we are obviously eager to see the assay results from this drilling programme.\"\n \n HIGHLIGHTS:\n \n \n ·\n On 22 October 2020 Power Metal announced the signing of the drilling contract for an initial 500m confirmatory diamond core drill programme to test the Victoria Vein at the Silver Peak Project. The Project includes the Eureka-Victoria Silver Mine, the first Crown-granted mineral property in British Columbia. \n \n \n \n \n \n ·\n On 30 October 2020 Power Metal announced that the drilling contractor had mobilised the drilling rig, bulldozer and ancillary equipment from northern British Columbia to the local town of Hope where the Silver Peak Project is based and then the planned movement of the drilling rig and support equipment from Hope up the valley, on the upgraded access, to the project and the first drilling pad. \n \n \n \n \n \n · \n The mobilisation was attempted but the area had experienced significant poor weather recently which caused a degradation in conditions at the project and limited access ...