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Molopo Farms Complex, Botswana – Drilling Results
Molopo Farms Complex, Botswana – Drilling Results.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n27 June 2024\n \nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nMolopo Farms Complex, Botswana - Drilling Results\nPower Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London-listed exploration company with a global project portfolio, is pleased to announce the results from drillhole DDH1-14C at its Molopo Farms Complex Project (\"Molopo Farms\" or \"Project\"), where the Company is targeting a district-scale nickel (Ni) and platinum group element (\"PGE\") discovery in southwestern Botswana.\nDRILLING UPDATE\n· Diamond core drill hole DDH1-14C was completed to a final depth of 832.6m, with the successful intersection of the targeted steeply dipping geophysical superconductor at high priority Molopo Farms Target Area T1-14.\n \n· The geophysical superconductor, identified by the ground moving loop electromagnetic (\"MLEM\") and audio-frequency magnetotelluric (\"AMT\") surveys 1, is determined be a sulphide mineralised carbonaceous to graphitic mudstone intersected between 760.5m - 813m downhole depth and from 828.4m - 832.6m (end of hole) where it remains open at depth. A total of 8 samples were collected from this interval for laboratory assay testing.\n \n· The mineralised carbonaceous mudstone contains abundant pyrrhotite-quartz-calcite veining and localised sulphide dominated veins of what appears to be pyrrhotite (Figure 1). Further, mostly vein-hosted sulphides are present throughout the intervals including dominantly pyrite.\n \n· Significant sulphur assays of up to 3.46% were identified, alongside one sample which returned anomalous nickel (IMK-05242: 0.128% Ni). This shows that the carbonaceous mudstones are a potential source of sulphur which, if mixed with the ultramafic intrusives of the Molopo Farms Complex, could lead to the formation of nickel sulphide deposits.\n \n· The carbonaceous rocks are part of the Transvaal Supergroup country rocks into which the Molopo Farms Complex is emplaced, and occur at a number of horizons within the stratigraphy and have considerable lateral extent.\n \n· The importance of sulphur within these systems cannot be understated, considering that without abundant sulphur, magmatic sulphide deposits cannot form. With t...