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Golden Metal Resources - Exploration Update
Golden Metal Resources - Exploration Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9257T\n Power Metal Resources PLC\n 29 November 2021\n \n \n \n \n 29 November 2021\n \n \n Power Metal Resources plc \n \n \n (\"Power Metal\" or the \"Company\")\n \n \n Golden Metal Resources - Exploration Update\n \n \n Major Gold, Tungsten and Copper Targets Identified\n \n Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a exploration update in respect of its wholly-owned subsidiary Golden Metal Resources Limited (\"Golden Metal\"), focused on Nevada, USA and which is currently seeking an independent listing on the London markets.\n LATEST EXPLORATION HIGHLIGHTS:\n \n \n \n Project\n \n \n Technical Findings\n \n \n \n \n \n \n \n \n \n \n \n \n Pilot Mountain\n \n \n - Multiple untested chargeability and gravity highs identified east & southeast of main Desert Scheelite tungsten deposit.\n \n - Underexplored copper rich zones identified near eastern most extent of historic drilling at Desert Scheelite and Good Hope deposits.\n \n - Several tier 1 and tier 2 exploration targets located primarily between the four main deposit areas with potential to substantially increase the existing resource.\n \n \n \n \n Golconda Summit\n \n \n - Hydrothermal fluids believed to have caused remobilisation of significant gold mineralisation (including 7.6m at 24.0g/t gold & 15.2m at 8.6g/t gold - in historical trenches) into the Havallah Sequence (upper Golconda Thrust plate) rocks from the underlying thrust plate units.1\n \n - Significant potential exists for further gold mineralisation within the Antler/Edna Peak Mountain limestones (lower Golconda Thrust plate strata), which are virtually untested by historical drilling.\n \n \n \n \n Garfield\n \n \n - Historic rock sampling of surface gossans highlighted up to 6% copper, 3.5g/t gold and 124 g/t silver.2\n \n - Remote sensing studies including Advanced Spaceborne Thermal Emission and Reflection Radiometer and European Space Agency Sentinel-2 datasets highlighted considerable additional prospective ground (now staked).\n \n \n \n \n Stonewall\n \n \n - Highly experienced epithermal gold deposit geologist commissioned to undertake a comprehensive histo...