Power Metal Resources Share Discussion Threads

[hazl] 20/11/2020 10:17

We seem to have picked up a lot more buyers!

[richie32] 20/11/2020 10:08

Another RNS. All good news again and again

[hazl] 20/11/2020 08:39

When it comes to next year, the first half of the year is looking like the one with the most gains for gold.

"I would expect gold to make a fresh record high at some point in the first half of next year. As far as how prices finish out the year, it's going to be extremely volatile. A lot of that is dependent upon how the virus spreads and how effective the vaccines are," Moya said. "I'm still fairly bullish on gold, and I think $2,300 is possible as a level."

Who knows?

[hazl] 20/11/2020 08:23

Also the nickel element as Aiden reinforces.

[hazl] 20/11/2020 08:14

I know which one I'd rather have but I dare say they will both have their place.

[hazl] 20/11/2020 08:13

Safe haven the fight between bitcoin and gold?

[hazl] 20/11/2020 08:06

It is Arizona after all.

Look forward to the sampling.

[hazl] 20/11/2020 08:05

Of course still great to be in before the discovery!

[cashandcard] 20/11/2020 08:02

Good update. But we need a discovery here.Cash

[hazl] 20/11/2020 08:02

"We are very happy to support the enlargement of the Alamo Gold Project in Arizona following the encouraging results of the August reconnaissance work and further gold nugget discoveries at the Project.

The local exploration team have designed a follow on programme of trenching and bulk sampling, which is currently planned to commence in December, with a view to building an assessment of gold prospectivity."

[hazl] 20/11/2020 08:01

Nuggets have been obtained from the arroyo sediments by metal detecting and by small-scale dry washer mining methods. The composition of the nuggets is of particular geological interest in that both smooth/rounded and crystalline nuggets have been recovered, which suggests some difference in the distance of travel from their bedrock source (rounded nuggets having typically travelled some distance whereas the source of crystalline nuggets would be more proximal) pointing to potential scale and further prospectivity.

There is much debate in geological literature regarding nugget formation and there is work to undertake on the ground in Arizona to build the technical understanding of the Project including nugget identification, distribution and investigation of the bedrock source.

[hazl] 20/11/2020 08:01

he Alamo Gold Project is a package of mining claims initially covering an area of approximately 766 acres and is situated in west-central Arizona, USA. The Project was originally identified as prospective for gold following the discovery of native gold nuggets (the "Nuggets") near surface in numerous locations within the Project boundaries.

The geological environment supports further exploration to investigate the source of the nugget gold and the potential for a large mineralised gold system. In addition, the region in which the Project is situated is prospective for precious and base metals, with regional mines that have produced silver, lead, gold, zinc and copper.

[hazl] 20/11/2020 08:00

Arizona !




Come on!

[holdbucket] 20/11/2020 07:11

RNS Alamo Gold Project - Arizona USA - Exploration Update

- The reconnaissance exploration programme undertaken during August (announced 4th August 2020) completed successfully.

- In light of the August exploration work an additional nine claim blocks have been staked to enlarge the Project by 23.5% to a total 946 acres.

- Follow-on exploration work will now continue with detailed geological mapping along with trenching; pitting; and mini-bulk sampling in order to further ascertain the distribution and abundance of native gold nuggets within the Project area.

- Given the nature of the mineralisation and its near-surface location, the Company believe that bulk sampling will give a more accurate assessment of the gold prospectivity than drilling.

- Work is currently expected to be conducted during the first three weeks of December 2020, subject to any applicable permitting requirements.

- The programme will be managed by a qualified geological contractor utilising local labour and logistical support.

CHIEF EXECUTIVE OFFICER'S STATEMENT

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:

"We are very happy to support the enlargement of the Alamo Gold Project in Arizona following the encouraging results of the August reconnaissance work and further gold nugget discoveries at the Project.

The local exploration team have designed a follow on programme of trenching and bulk sampling, which is currently planned to commence in December, with a view to building an assessment of gold prospectivity."

[aidenabettin] 19/11/2020 11:11

I have faith in the technology and expertise used in deciding where to drill. hTTps://watchers.news/data/uploads/botswana-meteorite-fragment-found-june-23-2018-team.jpg

[aidenabettin] 19/11/2020 10:56

hTTps://www.mining.com/web/dont-underestimate-lithium-ion-battery-demand-nickel/

[aidenabettin] 19/11/2020 10:33

Well i think 1 out of 3 is a gimme. hTTps://allafrica.com/stories/202002130257.html

[hazl] 19/11/2020 10:22

It's just because it's a shaky gold day today or it


would have flown,same for GRL. IMO

[algernon2] 19/11/2020 09:25

Keep the hat ready Cash, hopefully it will stay uneaten.

[cashandcard] 19/11/2020 08:54

Good news - plenty going on here.I'll eat my hat if one of those 3 do not deliver a discovery.Cash

[hazl] 19/11/2020 08:51

Again nickel,copper, hmm....aren't they showing an upward trend recently?
Watch this space,as they say!

' A study commissioned with a consultant expert in ultramafic geochemistry in 2015 identified the nickel, copper, platinum, palladium anomaly at Mihanza Hill as a drill ready target. This report suggested that the Itiso--Haneti Ultramafic body may fit the Chonolith-Type Nickel exploration model which would imply that the main ultramafic belt may have small discrete sulphide bodies associated with it.

In 2019 a number of soil samples, collected during the 2013 exploration programme, were sent for analysis and the results confirmed the existing knowledge base and also identified a new ultramafic subcrop.'

[hazl] 19/11/2020 08:47

RNS
-- 'Drill contract now signed with Amazon Drilling Limited, Morogoro, Tanzania.

-- All phases of pre - deployment activity, notably liaison and coordination with the Ministry of Mining as well as the relevant regional local and village authorities was conducted and completed. We thank the Ministry, all authorities and the communities for their help and support.'

It cannot be emphasised,enough ,that to have the authorities on side is invaluable,in these places.

[hazl] 19/11/2020 08:08

'Power Metal are delighted to have a significant exposure to the Haneti Project which is now our third project interest where drill programmes are underway."

It is coming together!