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Power Metal Resources completes due diligence programme at Silver Peak

Samples will be analysed expeditiously in lab ahead of an option decision by the Power team

Power Metal Resources - Power Metal Resources completes due diligence programme at Silver Peak
Access to Silver Peak's Victroria Vein, image source: https://www.powermetalresources.com/

Power Metal Resources PLC (LON:POW) told investors it has completed a ‘due diligence’ exploration programme at the Silver Peak project in British Columbia.

The company noted that a total of 11 channel samples were taken and have been submitted to a lab, in Vancouver, for expedited assay testing.

Additionally, the Power Metal team is reviewing the exploration work undertaken and the initial findings.

READ: Power’s Victoria gold joint venture expands footprint

It expects to update the market again with the results and a decision over its acquisition option, in line with the agreed 30-day option period.

"We are pleased to report the completion of the sampling work on the Victoria vein, one of two main veins located at the Silver Peak Project in British Columbia, Canada,” Paul Johnson, Power Metal chief executive said in a statement.

“The exploration work focussed on representative sampling of vein exposures located in the cliffs and workings situated vertically above the Victoria adit of the Eureka-Victoria Silver Mine.”

Quick facts: Power Metal Resources

Price: 2 GBX

AIM:POW
Market: AIM
Market Cap: £16.37 m
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