Power Metal Resources, the London-listed exploration company and project incubator, has completed the first hole of its drilling programme on the eastern feeder dyke to the Molopo Farms Igneous Complex in southwestern Botswana.
The company is targeting a district-scale nickel and platinum group element discovery at the project.
Hole 1-9 was drilled to a depth of 382 metres and intersected disseminated suspected nickel mineralisation associated with a leuconorite band between 243 metres and 269 metres downhole.
Sampling and assaying of that interval is now under way, with results to follow once analysed and verified.
"While we await the results of sampling and assaying, this is an encouraging early indication that our revised targeting approach, focused on the controlling structure and feeder dykes to the Complex, is testing the right ground," said Sean Wade, chief executive of Power Metal Resources.
The hole forms part of a previously announced 1,600 metre core drilling programme covering five high-interest geological and geophysical targets on the eastern feeder zone.
Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration, the Botswana private company that owns the Molopo Farms project outright.
Drilling continues on the remaining targets, with the programme described as results-driven and subject to optimisation as further data is acquired.
