Power Metal Resources Share Discussion Threads

[little minx] 11/12/2020 13:09

A nice little share with great potential

[uk2day] 11/12/2020 11:10

Looks like it's fully in recovery phase imo, thats why i bought in!, also that ive also read quite a few recommendations for POW recently!, should do very well long term imo!👍

[hazl] 11/12/2020 10:19

What is also good is that we have a variety of investments,base metals and so on, for POW's benefit when sentiment in gold is off.

[hazl] 11/12/2020 10:15

Yes a gold rich place if my history recall serves me correct uk2day !

[uk2day] 11/12/2020 09:57

I especially like this bit hazl!👍

The Alamo gold project is a package of mining claims covering an area of approximately 946 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

[hazl] 11/12/2020 08:42

'This his work has the objective of delineating focus areas for the planned mini-bulk sampling programme which is due to follow-on from the current field investigations subject to the receipt of the necessary permits. The proposed mini-bulk sampling programme will help determine potential gold grade and distribution, part of the future work to determine whether the sediments hold potential for economic exploitation.'

[hazl] 11/12/2020 08:40

HEY JUST SPOTTED!

[hazl] 09/12/2020 09:15

Our strength lies in the diversity of metals I believe.
Base, precious,rare metals for the EV market,you name it.

[hazl] 08/12/2020 16:20

FOR ANYONE WHO HASN'T SEEN IT.

[hazl] 08/12/2020 13:27

Yes Little M I've noticed before here it doesn't seem that transparent.
It is very difficult to read the situation from the mid price isn't it?

[little minx] 08/12/2020 08:37

I think they are all buys

[hazl] 08/12/2020 08:31

I imagine that 150000 is a buy.

Spread a bit out perhaps?

[hazl] 08/12/2020 08:28

As expected blue again today. 8-)

[hazl] 07/12/2020 19:02

Gold upward again!

[little minx] 07/12/2020 16:42

Good onwards and upwards

[uk2day] 07/12/2020 14:18

Long term chart looks ready to blow imo!📈

[algernon2] 06/12/2020 12:46

Approval of $259m Sandfire T3 Project proof Botswana is “new global copper province”





The bull market for copper is now fully underway with prices up 50% from the 2020 lows, reaching their highest level since 2017,” said Goldman Sachs in a recent report. “This current price strength is not an irrational aberration, rather we view it as the first leg of a structural bull market in copper,” it said.

[hazl] 06/12/2020 11:23

Chartwise getting read for another surge?

[hazl] 06/12/2020 08:44

For reference that 4,000000 was at 8.36 a.m.


dyor

[the chairman elect] 04/12/2020 11:17

KAV & POW

LSE:KAV & LSE:POW



Power Metal Resources* (POW LN) 2.15p, Mkt cap £20m – Field exploration commenced on the Kalahari Copper Belt

Kavango Resources (KAV LN) 2.85p, Mkt cap £5.5m

Power Metal has commenced exploration fieldwork on the South Ghanzi Project, on the Kalahari Copper Belt (KCB) in northwest Botswana. The two prospecting licenses at South Ghanzi are held in a 50% owned strategic joint venture with Kavango Resources, as announced September 2020.

The JV's highly prospective South Ghanzi licences are strategically placed in the centre of the KCB, a strata-bound copper-silver trend extending over 1,000km along the northern boundary of the Kalahari carton in Botswana and Namibia. The JV's highly prospective South Ghanzi licences are strategically placed in the centre of this trend and in close proiximity to other exploration targets and resource projects.

Field based exploration activities targeting the discovery of sedimentary copper deposits have recently commenced under the operational management of Kavango, with both soil sampling and ground magnetic geophysics surveys which seek to delineate regional targets for future AEM surveying.

335 soil samples have been taken across six lines, totalling 33.5km.The samples were sieved to 50 microns and are now being analysed using a portable XRF Analyser.

Selected samples will then be sent to a laboratory for further testing.

Ground magnetic surveys were also conducted over 68.8km, with the survey covering a number of sub-outcropping redox boundaries- typically associated with copper mineralisation. Line spacing was set at 200m, with 10m-station spacing. The survey data is now being processed and plotted.

Results from the laboratory testing of the soil samples and the reprocessing of the ground magnetic data are expected later this month.

The JV expects to conduct AEM surveys over prospective sections of the South Ghanzi project in the New Year, and will work towards test drilling of shallow targets once a 3 dimensional exploration model has been developed following the completion of the aforementioned exploration activities.

In recent years, the KCB has attracted substantial exploration interest, including Cupric Canyon Capital's Zone 5 deposit, which hosts a Total Mineral Resource of 91.7mt @ 2.1% Cu & 14g/t of silver. In July, Cupric raised US$650m for the construction of the Khoemacau Starter Project with previously announced plans to begin mining Zone 5 in mid-2021.

Michael Foster, CEO of Kavango Resources, commented: The region has become one of the world's foremost frontiers for copper exploration, hosting a number of world-class discoveries. We are targeting similar geological formations that have been shown to host economic deposits elsewhere on the KCB.

Paul Johnson CEO of Power Metal Resources has previous experience exploring in the area, commenting: Personally, I am delighted to return to the Kalahari Copper Belt and follow a similar pathway with this programme to that leading to the discovery of the T3 copper deposit in 2016 whilst I served as CEO of Metal Tiger plc, a joint venture partner in that discovery.”

Conclusion: Power Metal and Kavango have taken further steps to progress exploration on the KCB, an area which is proven to hold world-class copper-silver deposits. Copper prices are currently sitting at a 7-year high, and we expect prices to remain elevated in 2021 and potentially beyond given the need for new copper discoveries. We look forward to lab results of the soil samples and reprocessing of the ground magnetic data, expected later this month.

*SP Angel act as Nomad and broker for Power Metal Resources

[hazl] 04/12/2020 09:27

Welcome bigman the more the merrier.

[bigman786] 04/12/2020 08:17

There's my little investment of 50,000 shares. I just have a feeling this'll be worth multiples of current market cap in years to come. Purely a hunch but perhaps based on what appears to be transparency of the CEO and his own 240 thousand pound investment did I read. I'll add more soon as I can. Good day all.