Power Metal exercises option to acquire the Coco East property in Canada

Writer,

Mining group Power Metal Resources said it had exercised an option to acquire the Coco East property located on the Schreiber-Hemlo Greenstone Belt in north-western Ontario, Canada.

Coco Eastwas the second of four gold exploration properties upon which the company had an exclusive option to acquire a 100% interest.

The decision was made following completion of due diligence and came after McKellar option exercise announced 18 February.

At 8:37am: (LON:POW) share price was 0p at 1.9p

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