Aim-listed Power Metal Resources has confirmed two significant gold-in-soil anomalies at its Tati gold project, in Botswana, following a geochemical soil sampling programme.
The company undertook an infill geochemical soil sampling programme over areas of historical soil sampling, with a total of 280 infill soil samples at a spacing of 40 m having been collected.
This helps to determine the apparent anomaly strike directions which remain open in two grids on the property.
The one anomaly demonstrates a clear 400 m southward trending extension remaining open to the south and south-west of the soil anomaly associated with the Cherished Hope historical mine workings, which were also the subject of Power Metal's diamond drilling programme in the third quarter of last year.
Power Metal plans to follow up with more exploration work on this area.
The current drilling footprint at Cherished Hope is about 150 m in strike length; therefore, the confirmation of the Southern soil anomaly could represent a significant drill target extension, the company reports.
CEO Sean Wade comments that the Tati project continues to make excellent progress with the previously postulated 8 km gold anomaly being further supported by the results of infill geochemical soil sampling.
Based on the soil sampling data and identified 8-km-long gold trend, the project appears to offer the potential to host a very large gold deposit, with the historical mine workings further underpinning its development potential.
“We are seeking to advance exploration at the project expeditiously, while also managing inbound interest in the project and its potential for near-term small-scale mining,” Wade adds.