Thursday, July 18, 2024

PMR identifies two significant gold anomalies at Tati

As it continues to make strides at its 100 percent owned Tati Gold project, exploration and development outfit, Power Metal Resources (PMR) has said that geochemical soil sampling has identified two significant gold anomalies on the greenstone belt. 

The London-listed metals Exploration Company said based on the soil sampling data and the 8km long gold trend, the project appears to offer the potential to host a very large gold deposit, which has been, in part, the subject of historical mining activity, further underpinning its development potential. 

PMR Chief Executive, Sean Wade said that the Tati Project continues to make excellent progress with the previously postulated 8km gold anomaly being further supported by the results of infill geochemical soil sampling. 

He said the company seeks to advance exploration at the Tati project expeditiously, whilst also managing inbound interest and its potential for near-term small-scale mining.

The company said additional sampling, which included independent analysis for 33 elements including gold, has provided further resolution to areas of anomalous gold helping to determine the apparent anomaly strike directions which remain open in both grids.

Interestingly, the company further announced that immediate ground follow up of select soil samples along the southwestern extension from Cherished Hope has identified an area which has evidence of disturbance (possibly ancient pitting) and this area will be subject to follow up during a subsequent work programme.

“The current drilling footprint at Cherished Hope is around 150m in strike length, therefore the confirmation of the Southern soil anomaly could represent a significant drill target extension,” reads part of the report. 

The Company technical team are currently finalising an expedited follow up exploration programme. 

Extensions of high-grade near surface gold mineralization have since been confirmed in the area during drilling campaigns carried out by the exploration company in 2021 and 2022.

PMR has a stake in Kalahari Key Mineral Exploration (KKME) Pty Limited, a Botswana registered exploration company with a 100% interest in the 1,478.6km2 Molopo Farms Complex Project.

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