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Completion of East Hawkrock Drill Programme
Power Metal Resources PLC has completed its nine-hole, 2,120.4-metre diamond core drilling programme at East Hawkrock, which confirmed a favourable geological setting for unconformity-related uranium mineralisation, including structurally complex basement rocks, deep palaeoweathering, and evidence of hydrothermal fluid systems with elevated radioactivity up to 280 counts per second. While no economic uranium mineralisation was intersected, laboratory analysis is underway with results expected in late Q2/early Q3 2026 to guide future exploration efforts. Disclaimer*
About this update from Power Metal Resources Plc
Power Metal Resources PLC ("Power Metal" or the "Company") 28th April 2026 Uranium Joint Venture Fermi Exploration: Completion of East Hawkrock Drill Programme Structural and Hydrothermal Framework Identified HIGHLIGHTS: · East Hawkrock diamond core drilling programme completed with nine holes and a total of 2,120.4 metres drilled. · Drilling confirmed a highly favourable geological setting for hosting unconformity-related uranium mineralisation, including: o structurally complex basement rocks; o deep palaeoweathering profiles; and o evidence for hydrothermal fluid systems with elevated radioactivity. · Comprehensive laboratory analysis underway, with results anticipated in late Q2/early Q3 2026 in order to guide future exploration. Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: "We are pleased to report the completion of our maiden drilling programme at East Hawkrock. While these initial holes did not intersect economic uranium mineralisation, the campaign has successfully validated our underlying exploration model. We now await the comprehensive laboratory analysis, which will be instrumental in refining our understanding of the system and guiding our future exploration strategy." DRILL PROGRAMME SUMMARY The maiden winter diamond drill programme, comprising nine NQ core diameter (47.6mm) holes for a total of 2,120.4 metres drilled, was designed to test multiple geophysical and radiometric anomalies across the Small Lake and Joint Lake target areas (Figure 1). The programme ran from 1 March - 22 April 2026. The programme was terminated earlier than expected due to warmer weather impacting ground stability of proposed drilling locations. While these initial, first-pass exploratory holes did not encounter economic uranium mineralisation, the campaign confirmed the presence of the critical structural and hydrothermal elements consistent with unconformity-related uranium systems within the Athabasca Basin. System Validation & Hydrothermal Activity Drilling across the property intersected multiple factors indicative of a highly favourable geological setting. The basal sandstone units consistently displayed strong evidence of hydrothermal fluid circulation, marked by pervasive "brick-red" hematite alteration, in...
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