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Victoria Goldfields Australia - Drilling Update
Victoria Goldfields Australia - Drilling Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n 15 March 2023\n \n \n \n Power Metal Resources PLC\n \n \n \n \n (\"Power Metal\" or the \"Company\")\n \n \n \n \n Victoria Goldfields Australia - Drilling Update\n \n \n \n \n Drilling Programme Complete; Visible Gold Intersected in 4 of 6 Holes and Significant Quartz Vein Intercept in the Final Hole\n \n \n \n Power Metal Resources PLC (LON:POW), \n the London listed exploration company seeking large-scale metal discoveries across its global project portfolio\n announces an exploration update from the Company's Berringa Gold Mine Project (\"Berringa\" or the \"Project\"), which forms part of the Victorian Goldfields joint-venture (\"JV\") located in Victoria, Australia.\n \n \n A progress update RNS was announced on 16 February 2023 which announced the completion of three diamond drill holes, with all holes completed thus far encountering visible gold:\n \n \n \n https://www.londonstockexchange.com/news-article/POW/victoria-goldfields-australia-update/15840466\n \n \n \n \n BACKGROUND:\n \n \n \n - The diamond drill programme was designed to test three priority targets at Berringa which is a former high-grade producing gold mine in the Victoria Goldfields. The programme began in December 2022 and is now complete. \n \n \n \n \n \n - The programme aimed to test for the down dip and along strike extensions of previously mined gold mineralised zones and to improve the structural understanding of the deposit area.\n \n \n \n HIGHLIGHTS:\n \n \n \n - The drilling has now completed, with a total of six diamond drillholes totalling 988 metres.\n \n \n \n \n \n - The majority of drill core samples are currently undergoing assay testing at an accredited laboratory in Ballarat. The remaining samples will be delivered to the laboratory within the week with final results expected later this month.\n \n \n \n \n \n - Four of the six drill holes completed as part of this programme encountered visible gold. (BED23001, BED23002, BED23003, BED23006). Mineralised intercepts in drillholes BED23001, BED23002 and BED23003 are summarised in the 16 February 2023 release.\n \n \n \n \n \n - In the final hole drilled, BED23006, visible gold was encountered at 133.55m within a broader circa 30-metre-wide quartz vein (130.5m - 158m) which is located approximately 100 metres...