With two announcements today, Australia Gold JV Update – New License Application and Botswana Molopo Farms Complex Update, this is a company that is not waiting to build for the future.
We spoke with Paul Johnson, Chief Executive Officer of Power Metal’s, the driving force behind the companies resent success and we ask what does he think the future hold for investors?
Botswana Molopo Farms Complex Update
Paul Johnson, Chief Executive Officer of Power Metal Resources PLC, commented:
“The KKME team have been excited to receive the processed conductivity depth imagery from the recent NF-AMT survey at the Molopo Farms Complex Project in south-eastern Botswana. These results show very good correlation to both the ground and high-resolution airborne EM results, adding significant resolution to the depth, size and shape for prospective massive nickel sulphide targets. Moreover, the results show increasing conductivity with depth, possibly relating to an increase in the tenor of possible mineralisation with depth.
We are looking forward to receiving the full geophysical analysis and report ahead of KKME commencing drilling.”
Australia Gold JV – Update – New License Application
The RRAL work is being undertaken in an environment where the wider structural understanding of the Victoria Goldfields is developing rapidly and where RRAL’s work is revealing new prospective gold target areas.
Given the material findings from the work at Evergreen, and the significant new gold target areas confirmed, RRAL decided to secure the additional ground under application, and this was executed immediately.
The RRAL JV now has 12 license applications covering some 2,188 km2 and a large number of highly gold prospective areas are emerging from the review work undertaken. We are developing exploration plans for each project as further information is gathered and new targets are revealed.
The opportunities within the JV license application area are extensive and it is an exciting time as we continue to push on from an operational and corporate perspective.”
