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26 May 2021 Power Metal Resources plc the AIM listed metals exploration and development company is pleased to announce its unaudited interim results for the six months ended 31 March 2021. Statement by Paul Johnson, Chief Executive Officer: In the six months ended 31 March 2021 we have pushed the Power Metal business to explore extensively across its project portfolio with, in our view, some excellent and very fortunate findings. We are seeking large scale metal discoveries with the emphasis on plural as we believe our portfolio is capable of delivering a number of discoveries. Junior resource exploration is a high-risk endeavour, so investors in Power Metal rightly expect the potential for outsized returns that come with discoveries and to achieve them requires proactivity and investment in exploration.
Kavango Resources confident it has found several mineralised systems at Ghanzi South
The South Ghanzi project licences lie within the Central Structural Corridor of the Kalahari Copper Belt immediately south of the town of Ghanzi.
Kavango Resources PLC (LON:KAV) shares rose in early deals on Friday after an update on the South Ghanzi Project in the Kalahari Copper Belt (KCB).
The exploration company said seven conductive targets had been identified by the airborne electromagnetic (AEM) surveys conducted in February. Each anomaly represents a potential drilling target.
The findings align closely with previous fieldwork conducted by Kavango and the established regional exploration model for the discovery of major copper/silver deposits within the KCB, the company told investors.
South Ghanzi - copper/silver exploration update
Extensive anomalies identified, including seven AEM conductive targets
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in
Botswana, is pleased to announce the identification of seven conductive targets in the Company s South Ghanzi copper exploration project ( South Ghanzi ) in the Kalahari Copper Belt ( KCB ).
The seven targets were defined by the Airborne Electromagnetic ( AEM ) surveys flown over South Ghanzi in February. Follow up ground-based exploration of the geophysical anomalies has delivered very encouraging results, with close correlation between copper-zinc in soils geochemistry, regional geological mapping and the AEM data.
Power Metal Resources in demand after finding anomalies at Botswana project
A look at Friday s major share movers on the London Stock Exchange
Power Metal Resources PLC (LON:POW) added 4% to 2.45p before close after finding extensive anomalies at the South Ghanzi Project in Botswana.
These findings align closely with previous fieldwork conducted and the established regional exploration model for the discovery of major copper/silver deposits within the Kalahari Copper Belt.
“The exploration story at South Ghanzi continues to progress at pace and we eagerly await the next phase of results and drill testing of several of these high-priority targets,” said Paul Johnson, the chief executive of Power Metal Resources.