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Kalahari Copper Belt - Operational Update
Kalahari Copper Belt - Operational Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4994Q\n Power Metal Resources PLC\n 28 October 2021\n \n \n \n 28 October 2021\n Power Metal Resources PLC\n (\"Power Metal\" or the \"Company\")\n Kalahari Copper Belt - Operational Update\n Environmental Management Plan Approved for the Kalahari Copper Belt Licences in Northwestern Botswana; Field Exploration Continues to Confirm Key Targets in Preparation for Drilling\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 operational update from the Company's interests in the Kalahari Copper Belt (the \"KCB\") held through the Kanye Resources joint venture (\"JV\") with partner Kavango Resources (LON:KAV)(\"Kavango\").\n \n Power Metal holds a 50% ownership interest in the JV which \n includes ten prospecting licences in the KCB covering an area totalling 4,257km2. Kavango is operator. \n \n \n HIGHLIGHTS:\n \n \n · Environmental Management Plan (\"EMP\") approved covering the Kanye Resources KCB Prospecting Licences (\"PLs\") for a two year period.\n \n · Exploration vectoring underway, towards initial target selection, including:\n - Re-logging of physical core data from historic drill holes\n - Ground magnetic geophysics survey underway on the southern limb of the Acacia target, in the JV's South Ghanzi Project\n - Work underway to optimise future soil-sampling programmes, to account for changing ground conditions across the JV's PLs\n - Initial drill strategy being finalised\n \n Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented: \n \"Environmental Management Plan approval is a vital step forward for the JV and something we have been keen to secure, opening up the ability to move forward with planned drill programmes.\n The size and scale of the JV prospecting licences means we must take all necessary measures to refine exploration data, notably with regard to drill hole targeting, and so this work is being done expeditiously.\n Power Metal has a portfolio of four Botswana exploration interests. Drilling has already been undertaken in 2021 at the Molopo Farms Complex and Tati projects, and we aim to see drilling commence at the Ditau Camp and South Ghanzi KCB projects in the near term.\"\n \n OPERATIO...