Power Metal Resources details more progress at Molopo Farms
Power Metal Resources PLC (LON:POW) has updated on ongoing work being undertaken by Kalahari Key Mineral Exploration Pty Ltd at the Molopo Farms Complex, which is targeting prospective massive nickel sulphide and platinum-group metal mineralisation in Botswana.
Following the successful drilling of the first two diamond drill holes to their initial target depth an extensive technical review is currently underway at the Molopo Farms Complex project.
Initial geological core-logging by KKME’s consulting geologist has identified 4.4 metres of ultramafic rocks with finely disseminated sulphides at approximately 270m vertical depth in one hole.
The setting of this sulphide intersection is consistent with KKME’s geological model and suggests prospectivity for platinum group metals as well as base metals. The core will now be split to allow more detailed examination of the mineralogy prior to dispatch for assay.
“The identification of visible sulphides during the geological core-logging process for hole KKME 1-6 is a potentially significant development, subject of course to assay testing of samples, opening up the potential for PGM mineralisation besides the base metals originally targeted,” said Power’s chief executive Paul Johnson.
“We are now in the midst of an extensive technical review of the entire licence areas with a particular focus around the first two drill holes. This will further refine our present targets and generate new targets for the remainder of the drill programme. It is worth noting that the Molopo project drill programme is an immense exercise and already we have over 1,000 metres of core to examine and process.”