Power Metal Resources unveils promising gold anomalies at Tati Project, Botswana

Power Metal Resources PLC (AIM:POW), a prominent London-listed exploration company, has recently unveiled promising results from its extensive soil sampling program conducted at the Tati Gold Project in Botswana. Situated on the Tati Greenstone Belt (TGB) near Francistown, the Tati Project is entirely owned by Power Metal Resources and has shown significant potential for gold mineralisation across an 8km-long trend within its boundaries.

The 2024 geochemical soil sampling assay results have been a game-changer for Power Metal Resources, confirming the presence of three significant gold-in-soil geochemical anomalies along the previously identified gold trend. These anomalies are identified as the Northwest (NW) Anomaly, Southwest (SW) Anomaly, and the Cherished Hope (CH) Anomaly. Particularly notable is the CH Anomaly, which has now been identified as a more than 600m-wide zone, showing extensive potential for gold mineralisation and remaining open in multiple directions.

Out of 446 soil samples collected from four distinct grid areas within the Tati Project, three samples showed gold concentrations greater than 500 parts per billion (ppb), with the highest assay result reaching 1,076ppb Au (equivalent to 1.076 grams per tonne (g/t) Au). Furthermore, an impressive number of 29 samples returned results of 100ppb Au or above, predominantly within the CH Anomaly, indicating a substantial zone of gold mineralisation.

Exploration Success: Tati Gold Project Reveals Extensive Gold Mineralisation

The SW and NW anomalies, located approximately 1,500m and 3,000m from the CH Anomaly respectively, highlight the potential for a significantly larger anomalous gold-in-soil footprint at Tati, suggesting further exploration and infill sampling work could unveil more extensive mineralisation.

Power Metal Resources is not only focusing on exploration but also advancing commercial discussions for potential small-scale mining operations at the Cherished Hope Gold Mine. Sean Wade, CEO of Power Metal Resources, expressed optimism about the project’s prospects, stating, “This gold soil sampling programme has delivered quite remarkable results in terms of a confirmation of the significant area mineralised and also the consistency of positive results across the areas tested.”

Wade further emphasized the project’s growing value, indicating ongoing negotiations with potential partners interested in early-stage mining opportunities at Tati, with more updates expected in the near future.

The Tati Gold Project’s latest exploration results underscore Power Metal Resources’ strategic positioning in Botswana’s gold exploration sector. The discovery of significant gold anomalies and the potential for small-scale mining operations highlight the project’s importance not only for the company but also for the broader mining industry in Botswana. As exploration progresses, the Tati Project is poised to become a key asset in Power Metal Resources’ portfolio, offering substantial value and growth prospects.