Drilling begins at Tati Gold project in Botswana

Drilling works has begun at Tati Gold project in Botswana. the project is part of Power Metal Resources’ objective in seeking large-scale metal discoveries across its global project portfolio.

The gold project is sited within the Tati Greenstone Belt near Francistown, Botswana. The ongoing reverse circulation drilling is located approximately 6km to the southeast along the same regional mineralising structure where the company drilled earlier in 2022 – where up to 5.17g/t gold (“Au”) was intersected over 3m from only 9m downhole.

500 metres of RC drilling are planned within nine holes which are designed to test for the along strike and down-dip extension of the Cherished Hope mine mineralised quartz reef structures. Due to efficiency of RC drilling and the Project’s proximity to Francistown, the drill programme is expected to take approximately 1 week to complete and will be undertaken while preparations for the upcoming Molopo Farms Complex drilling campaign are ongoing. Sampling for gold content in fines dumps at the Project (holding waste material from the Cherished Hope gold mine) is complete, with laboratory assay results awaited.

Laboratory assay results

“The company remains focused on preparations for the upcoming Molopo Farms Complex drilling campaign targeting a large-scale nickel-copper-platinum group metal discovery. The Tati Project, also in Botswana, has demonstrated potential for high grade and near surface gold mineralisation, and we are therefore moving ahead with an expedited next stage drill programme.

The drilling will take place adjacent to the Cherished Hope former working gold mine, situated within our recently secured exploration licence PL049/022.” said Paul Johnson, Chief Executive Officer of Power Metal Resources.

PL049/2022 was staked to cover the southeastern extension of the large gold-in-soil anomaly discovered by the company on its licence PL126/2019. Site visits following the pegging of PL049/2022 led to the identification of the historical Cherished Hope Gold mine, as well as multiple fines dumps in the vicinity of the workings. Following that, the company completed a full in-depth review of historical data covering the newly acquired PL. It was determined that the Cherished Hope Gold Mine and associated fines dumps cover only a small portion of the gold-in-soil anomaly which extends across the majority of PL049/2022.

“In parallel we await the laboratory assay results from sampling of the fines dumps from the Cherished Hope mine, which we expect will contain residual gold that potentially may be capable of processing at an existing plant nearby, subject to any appropriate local approvals.” concluded Johnson.

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