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Proactive weekly mining highlights: Shanta Gold Limited, Cobra Resources PLC, Cornish Lithium, W Resources PLC

Proactive weekly mining highlights: Shanta Gold Limited, Cobra Resources PLC, Cornish Lithium, W Resources PLC
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Katoro Gold, Power Metal Complete Maiden Haneti Drilling

Katoro Gold, Power Metal Complete Maiden Haneti Drilling Tue, 26th Jan 2021 14:44 (Alliance News) - Katoro Gold PLC and Power Metal Resources PLC on Tuesday said a first drilling programme at the Haneti nickel and platinum group metals project has concluded. In addition, Power Metal said it has struck a deal which could see it take sole ownership of four gold assets in Canada. Katoro holds a 65% interest in the Haneti project in Tanzania, with Power Metal owning the remaining 35%. Rotary air blast drilling was completed at the Mihanza Hill and Mwaka Hill sections of the project, the duo explained. Power Metal Chief Executive Officer Paul Johnson said the successful completion represents a promising step forward for the Haneti asset.

Investegate |Power Metal Announcements | Power Metal: Acquisition - Canadian Gold Exploration Properties

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:   The acquisition of three exploration projects covering a significant portion of prospective greenstone belt in mining and investment friendly Ontario is a significant development for Power Metals.  The acquisition comes at a highly competitive time when this part of Canada is attracting a significant amount of investment from Canadian listed junior explorers.  The Project has the potential for both gold and base metal discoveries in an under explored area which offers Power Metal, as a proactive exploration company, the potential to add significant value through early stage exploration success.

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