Power Metal Resources says drilling has begun as part of a 1 600 m core drilling programme targeting an initial five high-interest geological and geophysical targets on the eastern feeder zone to the Molopo Farms Igneous Complex.
The company is targeting a district-scale nickel and platinum group element discovery at its Molopo Farms complex project, in south-western Botswana.
The project’s prospecting licence 311/2016 has been extended for a period of two years and is now valid until March 31, 2028.
Unlike previous and historical drilling, the company explains that the current drilling programme will test targets within the controlling structure to the Molopo Farms complex and its related feeder dykes.
Drill siting is based on latest interpretations of magnetic, audio-frequency magnetotelluric and time domain electromagnetic data previously acquired by Power Metal, plus limited additional ground magnetic traverses.
The programme will be results driven and may be optimised as more data is acquired.
“I am very pleased to provide this update on the renewal of our licences and the upcoming drilling campaign.
“We remain completely committed to the Molopo Farms project and are optimistic that this campaign will build on the significant body of work that has already taken place there and that a district-scale discovery remains within our reach. I look forward to further updating shareholders in the coming months,” says Power Metal CEO Sean Wade.
Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration, a Botswana private company, which holds a 100% interest in the Molopo Farms complex project.