Power Metals Resources PLC (LON:POW) has announced the start of an exploration programme at the South Ghanzi project, part of the Kalahari Copper Belt in Botswana.
South Ghanzi comprises two prospecting licences PL036/2020 and PL037/2020 with a total area of 1,294 square kilometres held in a 50% owned strategic joint venture (JV) with Kavango Resource PLC. The JV holds a total of 2,680 square kilometres in a portfolio of base and strategic metal project interests in Botswana which include the South Ghanzi project.
The new field programme is targeting the discovery of sedimentary copper deposits. It will initially comprise soil sampling and ground magnetic geophysics surveys. Some 335 soil samples have already been gathered.
“We are very excited to undertake ground exploration work at the South Ghanzi Project, our highly prospective joint venture tenements on the Kalahari Copper Belt,” said Paul Johnson, Power Metal chief executive in a statement.
“The tried-and-tested regional exploration strategy of soil geochemistry, ground geophysics, follow-on airborne electromagnetic surveying techniques and drilling, has led to the discovery of a number of the high-profile adjacent copper deposits in close proximity to the JV.”
Johnson added: “Personally, I am delighted to return to the Kalahari Copper Belt and follow a similar pathway with this programme to that leading to the discovery of the T3 copper deposit in 2016 whilst I served as CEO of Metal Tiger PLC, a joint venture partner in that discovery.
“With this programme in full swing, yet another Power Metal project is the subject of proactive exploration in the search for a large-scale metal discovery.”