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Tati Project Botswana - Drill Programme Results
Tati Project Botswana - Drill Programme Results.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0574H\n Power Metal Resources PLC\n 04 April 2022\n \n \n \n 4 April 2022\n Power Metal Resources PLC\n (\"Power Metal\" or the \"Company\")\n Tati Project Botswana - Drill Programme Results\n Company's Inaugural Drill Programme Confirms Target Geological Formations, Returns Near Surface Gold and Application for Adjacent Prospective Land Successfuly Lodged\n \n Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces results from the Company's inaugural drilling programme on the Tati Project (\"Tati\" or the \"Project\") located within the Tati Greenstone Belt near Francistown, Botswana.\n Highlights:\n - Drill programme completed safely and on-budget. Primary programme objective to confirm prospective geological formations was completed successfully.\n \n - Near surface gold mineralisation intersected, including shallow depth Reverse Circulation (\"RC\") drilling results of up to 5.17g/t gold (\"Au\") over 3m from 9m downhole.\n \n - Further Prospecting Licence (\"PL\") application lodged, covering along strike extension of identified major regional gold prospective structure.\n \n - The 1614-hectare lodged PL application covers a strong gold-in-soil anomaly and the historical Cherished Hope Gold Mine. \n \n Maps highlighting various aspects of the 2021 drilling programme can be found below at the following link:\n \n https://www.powermetalresources.com/tati-project-drill-results/\n \n Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented: \n \n \"It took a certain boldness for our team to advance the Tati Project to the drilling stage so quickly. However, due to the thin sand cover over most of the Project, we felt that gaining knowledge of the underlying geological formations through relatively inexpensive RC drilling was crucial in order to better gauge the overall prospectivity of the Project. The drilling results achieved will now allow us to continue to push our Tati exploration forward at pace.\n The RC drillholes completed within PL126/2019 targeted a relatively small area within a much broader gold-in-soil anomaly. Our main goal was to better understand how the geochemical anomaly correlated with...