Business
Uranium Joint Venture: Perch River Update
Power Metal Resources PLC has announced supplementary drill core sampling results from its Perch River Uranium Property, indicating a "fertile" environment for significant uranium mineralization at depth within the Rapids Fault Structure. Key findings include the presence of sudoite, hydrothermal tourmaline, and dolomite, with drillhole PR25-01 showing boron levels of 779 ppm and anomalous lead isotope results spread over at least 400m along the structure. The company's technical team concludes that the 2025 drilling intersected the upper extent of the system, suggesting the hydrothermal core remains untested at greater depths, making Perch River the highest priority target for follow-up drilling. Disclaimer*
About this update from Power Metal Resources Plc
1 May 2026 Power Metal Resources PLC ("Power Metal" or the "Company") Uranium Joint Venture Fermi Exploration: Fertile Structure for Uranium Mineralisation Delineated on the Perch River Property Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is pleased to announce supplementary drill core sampling results from the Perch River Uranium Property in the Athabasca Basin, Saskatchewan. The Perch River Uranium Property ("Perch River" or the "Property") is held under Power Metal's uranium-focused joint venture with Fermi Exploration Ltd ("Fermi"). Following a combined geochemical and mineralogical review of results, from additional drill core samples collected from within the Rapids Fault Structure at Perch River, the Company considers the Rapids Fault Structure to be "fertile" with scope for significant uranium mineralisation at depth. This technical release provides an overview of the rationale behind the interpretation. The supplementary drill core samples, collected during December 2025, were selected from holes drilled in Fermi's June-July 2025 Perch River programme. HIGHLIGHTS: · Supplementary sampling of drill core from the Rapids Fault Structure at Perch River has confirmed a geochemically and mineralogically fertile environment for unconformity-related uranium deposits, evidenced by the presence of sudoite, hydrothermal tourmaline and dolomite within the Rapids Fault Structure. · Drillhole PR25-01 returned boron levels of 779 ppm (parts per million), a critical pathfinder often associated with primary uranium mineralisation within a 100-metre proximity. · Geochemical analysis confirmed the previously anomalous lead isotope results - such results serve as a direct proxy for significant uranium decay and are spread along a strike of at least 400m along the Rapids Fault Structure. · The technical team concludes that the 2025 drilling intersected the distal, upper extent of the system. The convergence of high-temperature sudoite alteration, hydrothermal tourmaline and radiogenic lead suggests the hydrothermal core, which may contain an uranium deposit, remains untested at greater depths. Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: "These supplementary results fundamentally upgrade the prospectivity of the Perch River property....
View stock analysis, news, and events for Power Metal Resources Plc