Power Metal Resources PLC (LON:POW) has released assays results from due diligence sampling at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria silver mine, the first Crown-granted mineral property in British Columbia.
Ten channel sample and one grab sample assay results were received from ALS Canada laboratories and two showed bonanza silver grades. Significant copper and lead grades were also returned.
Among the highlights were 0.50 metres grading 10,718 grams per tonne silver, 2.14 % copper and 2.99 lead, and 0.50 metres grading 14,937 grams silver, 3.05% copper and 11.95% lead.
The average silver grade across all 11 samples was greater than 6,000 grams silver.
"We are very pleased to report the assay results from Power Metal's recent due diligence sampling programme have confirmed the very high silver values historically reported on the Victoria vein, one of two main veins located at the Silver Peak project in British Columbia, Canada,” Power Metal’s chief executive Paul Johnson said in a statement.
“Bonanza grades of silver with significant copper and lead have been confirmed by channel samples, assayed by ALS Global and these exciting results reinforce and confirm the historical reported assays and underpin Power Metal's decision to progress with the project earn-in," he added.