Power Metal Resources Share Discussion Threads

[noirua] 19/9/2023 09:18

News of drilling for Helium will attract a lot of interest but it will be several years before it reaches the Diamond drilling stage at great depth and quite costly. It is said that there is far more Helium on the moon and a good reason for countries to venture there.
Excitement will be huge in about 2025/2026 when Power Metal reaches the drilling stage if surveying works out fine. The cost of drilling 5 wells would be more than Power Metal's present market cap - about $4 million per well plus lead-up costs.

[iceagefarmer] 19/9/2023 06:14

lets just wait for the helium results..this will be the gamechanger

[noirua] 18/9/2023 23:52

Needs a real fillip otherwise in this market good news and hope are gradually forgotten. Unless Power manages excellent drilling results at Berringa following on from the previous lackluster or disappointing results last time out.

I hold shares but see this as no reason to whoop and pretend that Power Metal has advanced much since January 2021 when the shares hit an intraday high of 3.4p. Fair enough the runup from March 2020 from 0.25p was a splendid performance but it is about 3 years ago now.

The uranium prospects look good sometime in the future but a lot of shareholders must be feeling peeved just now.

[noirua] 15/9/2023 09:39

Anyway, Power Metal is trying and though I had been very negative for several years now the last few weeks show to me that it is really the low gold price once again testing the $1,900 level that has held back both Power Metal and other explorers with a number of gold prospects. Power also has a silver prospect where high levels of silver have been found in so far narrow veins.

Rick Rule seems to have his eyes on the Uranium prospects that probably will be good but maybe not this year or even next. He sits contented it seems waiting for the mining sector as a whole to eventually recover.

So basically Power Metal is a tortoise mining explorer trying to push forward lots of prospects at the same time so needs a lot more patience that in my view PJ never really had. Having said that his enthusiasm is much missed at Power Metal and he is needed on board as a PR man of some distinction.

[soulsauce] 15/9/2023 08:57

Unfortunately where we are now with Tati is not the where we would be that Paul Johnson was selling us this time last year and up to the raising early in '23.

[iceagefarmer] 15/9/2023 07:34

nice gold find ..could double today

[someuwin] 14/9/2023 12:35

Pow have ended up with some real duff holdings - the KAV & KAT stuff for instance. But GMET has interesting potential and clearly the real interest will be their Canadian uranium holdings. And with such a small mkt cap this could really benefit when the heard picks up on the Uranium bull market story.

[walter walcarpets] 14/9/2023 11:43

Great article about the inevitable coming uranium squeeze

[iceagefarmer] 12/9/2023 07:37

watch for large buys this morning...news is getting round

[iceagefarmer] 12/9/2023 00:45

ANOTHER MASSIVE MULTI BAGGER LIKE QXL,GWP,GGP,EUA...

why ive invested in power metal resources..


paul johnson
@pauljohnson9691
·
12h
When you know. And you know many others don’t know. But you know they will. Big 🥧! That’s one for you Tom 😀
paul johnson
@pauljohnson9691
·
13h
There will be those who notice - and those who wait for the 200-300% to tell them the quality of an investment.
Quote
Andrew Neal
@andrew_neal7
·
13h
+14% rise on Friday was nowhere near what it should been after the discovery of #helium but importantly #uranium

#uranium bull market beginning as never seen so much commentary before

London exposure practically zilch

#POW hit 🎯 on 1st outing with 16 more licenses to come

[iceagefarmer] 11/9/2023 18:31

nice £37k late buy..hmmmm someone likes this share

[iceagefarmer] 11/9/2023 07:11

Golden Metal Resources PLC Kibby Basin Lithium Project
11/09/2023 7:00am
UK Regulatory (RNS & others)

Golden Metal Resources (LSE:GMET)
Intraday Stock Chart

Monday 11 September 2023

Click Here for more Golden Metal Resources Charts.
TIDMGMET

RNS Number : 9387L

Golden Metal Resources PLC

11 September 2023

11 September 2023

Golden Metal Resources plc

("Golden Metal" or the "Company")

Kibby Basin Lithium Project- Significant Conductor Identified

Golden Metal Resources plc (LON:GMET), a mineral exploration company focused on tungsten, lithium, gold, copper and silver within Nevada, USA, is pleased to announce the identification of a significant 10km(2) conductive zone at its Kibby Basin lithium project in Nevada, USA.

Highlights:

- During recent weeks the Company's technical team has conducted a full historical data compilation review (the "Review") over its Kibby North and Kibby South lithium brine Properties (collectively the "Lithium Properties") (see figures 1 & 2 below).

- The Review included detailed examination of the Quantec Geoscience Ltd magnetotelluric ("MT") geophysics survey report dated 28 February 2018 which covers the majority of the Kibby Valley Basin, and which was commissioned by Belmont Resources Inc. ("Belmont").(1)

- The MT survey highlighted a distinct conductive (low resistivity <2 Ohm.m) brine aquifer linked anomaly totalling circa 10km(2) , of which approximately 3.1km(2) is now covered by the Lithium Properties.

- Two widely spaced drill holes outside the Lithium Properties subsequently completed by Belmont's joint venture partner Marquee Resources Ltd ("Marquee") in 2022, demonstrated that the MT anomaly is coincident with significant lithium brine mineralisation including intervals containing up to 924 ppm lithium (Li) with greater than 300ppm Li over thicknesses in excess of 450m.

- Marquee drillhole KM22-02, which is located only 250m from the Golden Metals Kibby South licence boundary (see figure 2 below), intersected lithium mineralisation averaging 558ppm Li (and a high of 860 ppm Li) over 169m from the top of the aquifer at 365m, with open lithium mineralisation continuing to the bottom of the hole, averaging 379 ppm Li over 451m, from drill core assays. Brine water sampling analyses from the hole correlated with the core assay samples with total dissolved lithium content increasing exponentially with depth to a peak of 27 mg/L at 549m.(2)

- Golden Metal believes that there is a very high likelihood of lithium brine continuity into the Company's Lithium Properties (see Figure 3) which will be the subject of expedited follow-up exploration.

Oliver Friesen, CEO of Golden Metal, commented:

"The results of the Review have proven the highly prospective nature of our recently acquired Lithium Properties. In my opinion, this is best demonstrated by Figure 3 which clearly shows the presence of a large and sizeable conductor - known to be caused by significant lithium-brine mineralisation elsewhere in the survey area - located directly in the centre of our Kibby South licence.

"We are extremely pleased with this outcome as it further demonstrates the quality of our technical team and their ability to identify significant opportunities. Also important is the speed at which the Company has been able to move to secure this opportunity for our shareholders.

"As a Company we have been watching lithium with great interest, especially in Nevada where some of the largest deposits in the U.S. are found - and with the 100% owned Lithium Properties now secured, as well as the Review results in hand, we can swiftly move to determine next steps in order to further advance this exciting acquisition.

"A further announcement to follow in due course outlining next steps."

[iceagefarmer] 10/9/2023 14:11

Andrew Neal
@andrew_neal7
·
Sep 9
#POW London 1st mover into Saudi

Similar to their entry into #uranium 2 years ago

Fast forward to now & they potentially sit on a game changer

“Highly Significant Helium Anomaly Discovered on Perch River Uranium Project”

Shows the foresight of this company

One to watch

[iceagefarmer] 10/9/2023 09:33

yeah but noirua when royal helium found helium in canada their share price shot up 10x..so history could repeat..and noirua please tell us if you buy POW tomoro..that late 2,000,000 buy on friday isnt your usual punt money..

[noirua] 10/9/2023 09:25

Helium is a safe tracer gas because it is inert. Manufacturers of aerosol products, tires, refrigerators, fire extinguishers, air conditioners and other devices use helium to test seals before their products come to market. Cutting edge space science and research requires helium.

Helium is the second-most abundant element in the known universe, but it's hard to capture on Earth because of how easily it floats out of the atmosphere and into space. Oil companies harvest helium trapped deep beneath the Earth's surface, in natural gas chambers.

June 2019 - The World's Helium Supplies are Running Dangerously Low


-----

It will take quite some time before Power Metal is able to drill at depth to find Helium. So short is the World's supplies there will be investors willing to take an interest. It could work out badly as with Helium One or it could prove to be a significant find.
So POW becomes more of a gamble on the outcome but then it is in the high-risk mining exploration sector anyway and the exploration for Uranium may be able to be combined with the drilling for Helium.
Don't get over-excited by all this just yet as Power Metal has so many fingers in so many pies and the gold price needs to rise a fair bit to get these interests moving.

[kemche] 09/9/2023 20:20

"#POW should imo be way higher!" How objectively true!

[iceagefarmer] 09/9/2023 20:08

paul johnson
@pauljohnson9691
This is one of those special announcements that mark a major change for a company. Well done to the
@PowerMetRes
team - exceptional and is major news from a small part of a small part of an amazing resource portfolio. #POW should imo be way higher!

[iceagefarmer] 08/9/2023 23:06

i wonder how close POW are to royal helium's properties..maybe a jv with them if POW's helium discovery turns out to be bigger than theirs..


January 23, 2023
In this article:

RHCCF

SASKATOON, SK, Jan. 23, 2023 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) ("Royal" or the "Company") is pleased to announce that it has initiated its 2023 exploration program in southwest Saskatchewan by flying approximately 5,960 line-kilometers of proprietary High Resolution Aeromagnetic (HRAM) data over its Cadillac and Swift Current helium properties in southwestern Saskatchewan.

Royal Helium Ltd. logo (CNW Group/Royal Helium Ltd.)
Royal Helium Ltd. logo (CNW Group/Royal Helium Ltd.)
Andrew Davidson, President, and CEO comments, "With construction of our first purification facility well underway at Steveville, we are pleased to begin this year's exploration programs on our helium permit land at Cadillac and Swift Current. The same HRAM program being utilized was a critical factor in the drilling successes at Climax, Val Marie, and Ogema. As an aggressive growth E&P company, we view exploration capex as a critical growth driver for the company and its shareholders."

[iceagefarmer] 08/9/2023 17:29

i know but he has a big interest and no doubt he's involved in some way..heard he had a family problem so had to step aside

[soulsauce] 08/9/2023 17:02

Paul Johnson isn't Ceo anymore.