London-listed Power Metal has successfully completed the Phase 1 work programme on its two gold/nickel licences in the Tati Greenstone Belt, located near Francistown, in Botswana.
Power Metal exercised an option to acquire a 100% interest in the project last month, through its local wholly owned operating subsidiary Power Metal Resources Botswana.
CEO Paul Johnson says the completion of this Phase 1 programme so quickly after option exercise “is a key step for Power Metal” and that the company looks forward to receiving the test results from the 1 156 soil and rock samples collected.
The due diligence work completed earlier this year by the miner’s exploration teams demonstrated multiple multikilometre arsenic, gold and nickel anomalies. Power Metal believes the results from the Phase 1 ground exploration programme will continue to demonstrate the size, scale and magnitude of the targets that exist within the licences.
“We expect the results generated will allow us to plan for our Phase 2 programme, which will include geophysics, as well as rotary airblast drilling, which is planned for late summer 2021,” Johnson comments.