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Uranium JV: Reitenbach Exploration Update
Uranium JV: Reitenbach Exploration Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n21 March 2025\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nUranium Joint Venture: Reitenbach Exploration Update\nGeophysical Surveys and Fieldwork Reveal Promising Targets on the Expanded Reitenbach Property\nPower Metal Resources plc (AIM:POW, OTCQB:POWMF), the London-listed exploration company with a global project portfolio, is pleased to provide an exploration update for the Reitenbach Uranium Property (\"Reitenbach \" or the \"Property\"). The update concerns work undertaken by Power Metal and Fermi Exploration (\"Fermi\"). Fermi is the uranium-focused joint venture (the \"Joint Venture\" or \"JV\") comprising Power Metal's portfolio of uranium licences, of which Reitenbach is a constituent.\nHIGHLIGHTS:\n· Geophysical data indicated the presence of multiple prospective target areas on Reitenbach, which was subject to systematic fieldwork during the summer of 2024.\n· Fieldwork in the northeastern portion of the property, including the Nuphar and Goodleap Targets, has identified multiple potential basement sources of uranium, supported by radon anomalism, down-ice uranium dispersion, and favourable lead isotope results, with the summer 2024 exploration at the Nuphar Target specifically inferring a basement source in the north of the Target Zone.\n· Reitenbach was expanded from 16,009 hectares to 20,401 hectares, an increase of 27.5%, by direct mineral claim staking undertaken by the Fermi technical team, through the Mineral Administration Registry Saskatchewan (\"MARS\") electronic registry system. Further information on the staking process can be found in the 'Further Information' section below.\n· Further work on the property is being finalised.\nSean Wade, Chief Executive Officer of Power Metal Resources PLC commented:\n\"It's great to be able to report continued progress across the uranium portfolio as we eagerly look forward to starting drilling in around 10 weeks.\n \nWe will be drilling more or less continuously through to October and are very excited indeed about the prospects of a commercial discovery. We will shortly be laying out a detailed drill programme, which will set out the expected timing of multiple drill results over that period.\n \nThis is the biggest and best funded exploration project that the C...