Power Metal Resources (LSE:POW) completed its maiden winter diamond core programme at the East Hawkrock property as part of the Uranium Joint Venture with Fermi Exploration, drilling nine NQ holes totalling 2,120.4 metres between 1 March and 22 April and terminating early because warmer weather affected ground stability.
The explorer focused on uranium in the Athabasca Basin said the first-pass holes did not intersect economic uranium mineralisation but confirmed key elements of its unconformity-related target model, including structurally complex basement rocks and deep palaeoweathering profiles.
Drilling logged pervasive "brick‑red" hydrothermal hematite, intermittent core bleaching, palaeoweathering up to 53 metres and elevated background radioactivity up to 280 counts per second, and several holes transitioned into coarse basal conglomerates interpreted as permeable aquifers for basinal fluids.
The programme was carried out by Team Drilling with technical services from Axiom Exploration and helicopter support from Access Helicopters, samples have been submitted for geochemical, SWIR, petrographic and petrophysical analysis at designated laboratories.
"While these initial holes did not intersect economic uranium mineralisation, the campaign has successfully validated our underlying exploration model," said Sean Wade, Chief Executive Officer.
Analytical work is underway at the Saskatchewan Research Council Geoanalytical Laboratories and partner facilities, with results expected in late Q2 to early Q3 2026 to guide future exploration.
