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Molopo Farms Complex Botswana – Operational Update
Molopo Farms Complex Botswana – Operational Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n6 December 2023\n \nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nMolopo Farms Complex, Botswana - Operational Update\nPower Metal Resources PLC (AIM:POW), the AIM listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an update from its Molopo Farms Complex Project (\"Molopo Farms\" or the \"Project\" or \"MFC\"), where the Company is targeting a district-scale nickel (\"Ni\") and platinum group element (\"PGE\") discovery in southwestern Botswana.\nBACKGROUND\nOn 6 October 2023 the Company announced that recently completed geophysical inversions led to the identification of the highest priority conductor to date at the Project. This announcement may be viewed through the following link:\nhttps://www.londonstockexchange.com/news-article/POW/molopo-farms-complex-botswana-exploration-update/16155544\nHIGH PRIORITY CONDUCTOR T1-14\nThe identified conductor is very strong, steeply dipping and multi-kilometre in length and importantly is co-incident with the keel of the feeder zone intrusion within target area T1-14.\nSignificantly, this conductor is geologically located where one would expect to find accumulations of significant nickel sulphides within a mafic/ultramafic complex, giving the Company further confidence in the provenance of this particular conductor.\nDRILLING UPDATE\nSince early October, the Company has advanced plans to drill test this target at T1-14, with follow up analysis determining up to two areas to optimally test this conductor.\nThe Company is now concluding preparations for the planned drill programme and is in the final stages of negotiating and signing a drill contract, with a view to commencing drilling operations early in Q1 2024.\nSean Wade, Chief Executive Officer of Power Metal Resources, commented:\n \n\"I am pleased to report further progress at Molopo, and we look forward to commencing the drilling of this high priority conductor. Molopo has been, and remains, one our highest priority exploration opportunities, and one that we remain convinced has the potential to be a significant value driver for Power Metal.\n \n\"Given the amount of data collated over previous exploration campaigns at Molopo Farms, our London based technical team have been working with local advisors to complete a detailed exami...