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Helium Anomaly Discovered on Perch River
Helium Anomaly Discovered on Perch River.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n8 September 2023\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nHighly Significant Helium Anomaly Discovered on Perch River Uranium Project\n \nPower Metal Resources PLC (AIM:POW), the AIM listed metals exploration and development company, announces the discovery of a significant helium anomaly at its 100% owned Perch River Uranium Project (\"Perch River\" or the \"Project\") within the Athabasca Basin, Saskatchewan, Canada.\nHighlights\n· Hyperspectral data analysis using Sentinel-2 satellite data on mineral reflectance (\"Hyperspectral Analysis\") conducted at Perch River has identified several helium anomalies on the Project, including the discovery of one extremely strong helium response in the centre of the Project (see figure 1).\n \n· The very strong helium response could be indicative of significant buried uranium mineralisation or leakage of helium from a buried helium reservoir at depth (further detailed below).\n \n· As a response to the discovery of this significant helium target, the crews currently active on the Company's uranium portfolio have been repositioned in order to complete a high-resolution soil sampling grid over this target area.\n \n· The Company plans to engage a helium gas specialist to determine optimal next steps to further develop this target.\n \n \nSean Wade, Chief Executive Officer of Power Metal Resources plc, commented: \n\"It is very exciting to be able to deliver this news to shareholders. As we have previously reported, this season's wider uranium fieldwork remains ongoing and further updates will be provided in due course.\n\"However, the indications we have had from Perch River could be hugely significant and warranted immediate release.\n\"Whilst it is always important to manage expectations, it is fair to say that the discovery of such a strong anomaly has far exceeded our expectations and sets the scene for what we hope to be a strong schedule of newsflow from our uranium portfolio overall.\"\n \nHYPERSPECTRAL ANALYSIS OF THE PERCH RIVER PROPERTY\nPower Metal commissioned Dr Neil Pendock, a highly respected remote sensing consultant, to complete a hyperspectral data compilation and processing study over Perch River. Results from the study highligh...