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Golden Metal Resources - Golconda Gold Anomalies
Golden Metal Resources - Golconda Gold Anomalies.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n 27 October 2022\n \n \n \n Power Metal Resources PLC\n \n \n \n \n (\"Power Metal\" or the \"Company\")\n \n \n \n \n Golden Metal Resources - Golconda Gold Anomalies\n \n \n \n \n \n \n \n \n Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update from Golden Metal Resources PLC (\"Golden Metal\" or \"GMT\"), the Company's 83.13% owned subsidiary, which is planning to list on the London capital markets this quarter.\n \n \n The most recent update from Golden Metal was released on 26 August 2022 and can be found at the link below:\n \n \n \n https://www.londonstockexchange.com/news-article/POW/golden-metal-resources-operational-update/15603522\n \n \n \n \n HIGHLIGHTS:\n \n \n \n - \n Recently obtained historical dataset from a high-resolution geochemical soil survey covering the entirety of the Golconda Summit Project (\"Golconda Summit\" or the \"Project\"), has highlighted three zones of strongly anomalous arsenic and gold mineralisation for further investigation.\n \n \n \n \n \n - \n Rock sample assay results from a geological mapping and sampling programme over Golconda Summit, undertaken by Golden Metal's in-country senior geological consultant, have confirmed strong arsenic (pathfinder for Carlin-type gold mineralisation) and gold anomalism.\n \n \n \n \n \n - \n At the Garfield Project assay results are pending for the recently completed soil geochemical survey.\n \n \n \n \n \n - \n At the Pilot Mountain Project three-dimensional (\"3D\") modelling of the high-resolution induced polarisation (\"IP\") geophysics survey data collected over Golden Metal's flagship project has been commissioned, with results eagerly awaited.\n \n \n \n Oliver Friesen, Chief Executive Officer of Golden Metal Resources PLC, commented:\n \n \n \n \n \"Our 100% owned flagship Pilot Mountain Project has been a source of particular focus for GMT and our investors, with good reason, as we continue to engage in various discussions regarding possible technical and financial engagement at a project level.\n \n \n \n \n Work has continued in parallel across GMT'S other Nevada interests and today's update is focused on significant gold anomalism confirmed across the Golconda Summit Project...