Business
Replacement: Completion of Kisinka Field Programme
Replacement: Completion of Kisinka Field Programme.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 0066M\n Power Metal Resources PLC\n 05 May 2020\n \n \n \n \n The following amendment has been made to the 'Kisinka Project - Completion of Field Programme' announcement released on 05 May 2020 at 13:26 under RNS No 9995L.\n \n \n Figure 1 is now available to view by using the below link provided in the RNS. All other details remain unchanged. The full amended text is shown below.\n \n \n Power Metal Resources plc (\"POW\" or the \"Company\")\n \n \n Kisinka Project - Completion of Field Programme\n \n \n Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to\n announce an update in respect of its 70% owned Kisinka Copper-Cobalt Project, (the \"Kisinka Project\") located some 30km East of the regional capital of Lubumbashi in the southern part of the Katangan Copperbelt in the Democratic Republic of the Congo.\n \n \n HIGHLIGHTS\n \n \n · \n Following the discovery of a large 6.8km copper anomaly in the 2019 field programme, in February 2020 POW launched a follow-up pitting and mapping exploration programme across the identified target area;\n \n \n · \n The programme has been completed successfully and safely, with 21 pits completed totalling 174.5 metres on 9 cross sections of the copper anomaly target area;\n \n \n · \n 204 channel samples were collected, and 3 grab samples from the bottom contacts of selected pits;\n \n \n · \n Preliminary mapping of lithological units has been carried out and sample preparation is underway at the University of Lubumbashi;\n \n \n \n \n \n · \n X-ray fluorescence (\"XRF\") testing of samples will be undertaken shortly and then, subject to lockdown provisions easing enabling the transport of samples and availability of laboratories, assay testing will take place in South Africa targeting copper and cobalt.\n \n Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:\n \"I am pleased to report the safe completion of the pitting programme and the collection of a large number of samples for testing. With sample preparation underway in Lubumbashi, we look forward to receipt of the XRF testing results, and thereafter assay results, focused on copper-cobalt mineralisation.\n The team in the field reported encouraging findings from the lithological review and visual examination of extrac...