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Tati Gold - Two Significant Anomalies Identified
Tati Gold - Two Significant Anomalies Identified.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n15 September 2023\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nTati Gold Project, Botswana - Two Significant Anomalies Identified\n \nPower Metal Resources PLC (AIM:POW), the AIM listed metals exploration and development company, announces the results of geochemical soil sampling confirming two significant gold anomalies at its 100% owned Tati Gold Project (\"Tati\" or the \"Project\") located on the Tati Greenstone Belt (\"TGB\") near Francistown, Botswana.\nUpdates from the ongoing exploration programme were provided on 31 August 2023 which can be found at the link below:\nhttps://www.londonstockexchange.com/news-article/POW/exploration-project-development-update/16104218\nHighlights\n· Infill geochemical soil sampling assay results, over areas of historical soil sampling, has confirmed two significant gold-in-soil geochemical anomalies and continuity within the 8km gold trend at Tati 1.\n \n· A total of 280 infill soil samples at a sample spacing of 40m, collected within two grids (northwest and southern grids) in the southeastern quadrant of the POW licence, have confirmed and supplemented the wider spaced historical soil data (400m & 800m line spacing).\n \n· The additional sampling, which included independent analysis for 33 elements including gold, has provided further resolution to areas of anomalous gold helping to determine the apparent anomaly strike directions which remain open in both grids. The anomalies are highlighted in Figure 1 below, with Figure 2 demonstrating the positioning within the wider Tati Project licence area.\n \n· Significantly, the Southern anomaly demonstrates a clear circa 400m southward trending extension (remaining open to the south and southwest) of the soil anomaly associated with the Cherished Hope historical mine workings which were the subject of the Power Metals successful diamond drilling programme in Q3 2022 1.\n \n· Immediate ground follow up of select soil samples along this southwestern extension from Cherished Hope has identified an area which has evidence of disturbance (possibly ancient pitting) and this area will be subject to follow up during a subsequent work programme.\n \n· The current drilling footp...