Business
Exploration & Project Development Update
Exploration & Project Development Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n31 August 2023\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nExploration & Project Development Update\n \nPower Metal Resources PLC (AIM:POW), the AIM listed metals exploration and development company, announces an exploration and project development update covering multiple projects within the Company's portfolio.\nThe update includes the Company's North Wind Lithium Project located in Ontario, Canada, the Tati Gold Project located near Francistown, Botswana, as well as the ongoing exploration targeting Power Metal's uranium-focused portfolio in Saskatchewan, Canada.\nSean Wade, Chief Executive Officer of Power Metal Resources plc, commented: \n\"I am very pleased to be able to provide this update on three of our high priority exploration programmes.\n\"Shareholders will, I am sure, be reassured that despite difficult conditions in the capital markets, we are pressing ahead with our operational plans and, in our view, continue to generate significant value.\n\"I am very grateful to all our teams for the efforts they continue to make in often challenging environments, and I look forward to being able to provide further updates when appropriate.\"\n \nHIGHLIGHTS:\nNorth Wind Lithium Project\n- The 100% Power Metal owned North Wind Lithium Project (\"North Wind\") is considered by the Company to be prospective for the discovery of pegmatite hosted lithium mineralisation. Lithium (Li)-caesium (Cs)-tantalum (Ta) bearing pegmatite (\"LCT-pegmatite\") accounts for approximately a quarter of the world's lithium production.1\n \n- The exploration programme at North Wind was outlined in the Company's announcement dated 10 August 2023 which may be viewed through the following link:\n \nhttps://www.londonstockexchange.com/news-article/POW/ion-battery-resources-lithium-exploration-underway/16077625 \n \n- The exploration work programme is now complete and a total of 389 soil geochemical samples were taken. The samples will soon be delivered to an accredited laboratory for assay testing focussed on Li-Cs-Ta mineralisation.\n \n- Significantly, several pegmatites were identified across North Wind, with five pegmatite samples collected ...