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Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Records ‘highly elevated’ magnetic susceptibility readings at the DITDD004 hole, drilled into the i10 target at the Ditau Camp project in southwest Botswana. Registers the results between 293 meters and 321 meters, a combined 28 meters of core length. Says that DITDD004 appears to have intercepted the magnetic anomaly within the drillhole from 293 meters to 321 meters downhole depth.
‘The core extracted from hole DITDD004's Zone of interest, spanning a combined 28 meters, is fascinating from a geological perspective and we are eager to see the results from further analysis thereon - including laboratory multi-element assays,’ comments Chief Executive Paul Johnson.
‘The magnetic modelling undertaken to develop this target appears to be reliable, which is also particularly encouraging for DITDD004 and future drill holes within Ditau.’
Current stock price: 1.38 pence
12-month change: down 46%
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