お知らせ • Jul 08
Power Metal Resources PLC Announces Operational Update Regarding Its Kanye Resources Pty Ltd Joint Venture with Kavango Resources PLC
Power Metal Resources PLC announced an operational update regarding its Kanye Resources Pty Ltd. ("Kanye Resources" or "Kanye") Joint Venture ("JV") with Kavango Resources PLC ("Kavango"). The JV covers the Ditau Camp Project ("Ditau") and Kalahari Copper Belt Project (collectively the "Projects") both located in southwestern Botswana, and is 50% owned by both Power Metal and Kavango. Kavango is the operator. Highlights: Ditau - Four diamond drillholes successfully completed across three targets (i1, i8 and i10) for a total of 1,623.60m drilled. - All drillholes have been logged and sampled, and a wide range of geological units were logged, including sediments, intrusive bodies, and in hole DITDD004, distinctive veining and alteration. - Drillcore samples from three holes are now in transit to a accredited laboratory in South Africa for assay testing and petrological analysis. Drillcore samples from hole DITDD004 were previously submitted for expedited assay testing with results expected shortlty. - Additional Controlled Source Audio Magneto Telluric ("CSAMT") geophysical surveys and modelling were carried out over the i1, i8 and i10 targets, with the objective of providing better lateral definition of the geology intersected in each hole. Kalahari Copper Belt ("KCB") - To date 3,478 soil samples have successfully been collected from the ongoing soil sampling campaign, from a total of approximately 5,750 soil samples planned across the KCB JV licences. - Kanye has successfully identifiedthe Ngwako Pan - D'kar Formation contact across multiple KCB licences. o The Ngwako Pan - D'kar contact is a crucial structural control for copper/silver mineralisation within the broader Kalahari Copper Belt. o Kanye's geologists have completed an extensive geological mapping exercise over the company's KCB Prospecting Licences ("PLs"). - Kanye has deployed a passive seismic geophysics 'Tromino' unit to help map overburden and subsoil layers, using resonance frequencies. - Discussions are advancing with Reverse Circulation ("RC") drill contractors for a drilling programme planned for later in 2022. The programme is designed to target structural features in the vicinity of and above the Ngwako Pan - D'kar formation contacts. Target i10 Two drillholes, DITDD003 and DITDD004 were drilled into this target, a discrete circular anomaly with a diameter of 2.2 km. The intersected lithologies are described briefly below. DITDD003 This hole passed through 83.9 m of Kalahari sands, before intersecting various geological units including a breccia, with a thickness of 20.4 m from 83.9 m downhole as well as a dolomitic carbonate rock at 154.9 m downhole. In addition, a 7.2 m intrusive, considered to be a dolerite, was intersected at 247.7 m downhole. DITDD004 This hole passed through 105.9 m of Kalahari sands before intersecting dolomitic carbonates, mafic intrusives (from 109.5m to 227.1 m), and mudstone units interbedded with highly magnetic silicified material. Brecciation, veining, and haematitic alteration were observed, which are locally intensely developed, with what is interpreted as a fluidised breccia from 309.0 m to 346.5 m and 356.5 m to 364.0 m. Pyrite is present, both manifested as disseminations and in veining. Target i1 One hole, DITDD005, was drilled into the i1 target, to investigate a large 7 km x 18.5 km magmatic intrusive complex, within which are circular structures indicative of potential carbonatite intrusives. This hole passed through 31.0 m of Kalahari sands before passing into units consisting largely of conglomerates made up of mafic, banded iron formation, and marble clasts in a coarse-grained matrix of similar composition. Minor pyrite veining was noted. The unit is interpreted to be stratigraphically part of the Segwagwa Group, part of the Transvaal Supergroup. Target i8 One hole, DITDD006, was drilled into the i8 target, to evaluate whether this could represent an intrusive dome structure, approximately 4 km in diameter. This hole was originally planned to a target depth of 400 m, and was extended to 586 m in order to ensure that the geophysical target as outlined on a newly implemented high-frequency CSAMT survey was thoroughly investigated. This hole passed through 125.3 m of Kalahari sands before entering a series of mudstones and siltstones to 229.7 m, with an intruded dolerite from 161.8 m to 228.0 m. The remainder of the hole was comprised of tillites, siltstones and mudstones, interpreted to be of the Dwyka stratigraphic unit. No significant veining or alteration were noted. KALAHARI COPPER BELT OVERVIEW Kanye has successfully identified the Ngwako Pan - D'kar Formation contact across several of its prospecting licences within the Kalahari Copper Belt. The Ngwako Pan-D'Kar Formation contact is associated with several copper-silver deposits and discoveries within the district. Elsewhere economic grades of mineralisation can be found along and close to this contact zone due to intense shearing, folding, and tensional failure between the two rock layers. The discovery of this key geological contact zone was the result of an extensive programme of geological mapping and soil sampling launched by Kanye earlier this year. The goal of this ongoing work programme is to identify and rank a complete range of drill targets across the licences. Kanye is in advance discussions with RC drill contractors for its planned KCB drill programme planend for later in 2022. This drilling will target the contact zone between the Ngwako Pan and D'kar Formational across multiple licences. Geochemical Survey Alongside the ongoing drill planning, Kanye is making good progress on its extensive geochemical soil sampling programme and is near midway through collecting a planned ~5,750 samples (Table 2). The results from the programme are aimed at widening coverage over existing licences, and in addition, collecting the first ever samples over licences such as the Mamuno package, located adjacent to the Botswana-Namibia border. The soil samples are being analysed internally using a 'Vanta' X-ray fluorescence ("XRF") spectrometer, in geochemistry mode with three beams switched on for a total analytical time of 120 seconds per sample. Analyses are done using a desk-top docking station to ensure a consistent presentation distance between the sample and analyser window. Quality Control measures include use of reference materials, which are used to generate user factors for normalising the analytical results prior to follow-up interpretation. Selected samples are also sent to an independent assay laboratory in South Africa for multi-element analyses. A total of 3,478 samples have been collected to as of 20 June 2022. At a current sampling rate of approximately 150 samples/day, it is anticipated that the current phase of sampling on PL36/2020 will be completed within the month.