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Power Metal Resources signs up drill contractor for Silver Peak programme

Drilling is expected to start next week and be complete before winter conditions set in

Power Metal Resources - Power Metal Resources signs up drill contractor for Silver Peak programme
Silver Peak’s historic mines were discovered in the 1800s

Power Metal Resources PLC (LON:POW) has signed up drill contractor for a 500-metre diamond core programme for the Victoria vein at the Silver Peak project, in British Columbia, Canada.

The programme will be delivered by an experienced Canadian drilling company.

It is expected that the contractor will mobilise within the next few days with a view to starting drilling next week.

READ: Power Metal Resources kicks off Molopo drilling

The programme is due to be completed with an experienced Canadian drilling company before the onset of winter conditions.

Paul Johnson, Power Metal chief executive, noted that the contractor and expeditious work to date has allowed the drilling to get underway far earlier than the company initially thought possible.

"I am very pleased to report the signing of the drilling contract for an initial diamond core programme at Silver Peak, where the recently announced channel sampling returned exceptionally high silver assays,” Johnson said in a statement.

“The team in-country are now focused on mobilisation and commencement of drilling and we are naturally eager to see the outcome of this programme, given the results we achieved from the sampling programme recently announced.”

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Price: 2.3 GBX

Market: AIM
Market Cap: £19.96 m

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