Australia Gold JV- Exploration Manager Appointment

RNS Number : 1477A

Power Metal Resources PLC

25 September 2020

 

25 September 2020

Power Metal Resources plc ("Power Metal" or the "Company")

Australia Gold JV - Exploration Manager Appointment

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to advise that Red Rock Australasia Pty Ltd ("RRAL"), the Australian gold joint venture ("JV") company in which POW has a 49.9% interest, has appointed David Holden, BSc, MBA, MEM, as Exploration Manager.

David Holden, after experience in underground and surface gold mining in Australia and Africa, and technical advisory work for the New Zealand Government, has had a career focused on project generation and regional exploration, and has been involved in the initial discoveries at Nimary/Jundee, Brocks Creek, Mt Todd (Australia), Ngaka Coal Field (Tanzania), and Big Sandy lithium (USA).

His public company directorships include Prosperity Resources Ltd (ASX), IGC Resources Inc (TSX)(President/CEO), Avonlea Minerals Ltd (ASX), Atomic Resources Ltd (ASX)(Managing Director), and Firestrike Resources Ltd (ASX)(Managing Director).

After taking early retirement to Durham Lead outside Ballarat in 2018, Mr Holden reconnected with hands on geology as a mine geologist at Liongold's Ballarat gold mine.

Paul Johnson, Chief Executive Officer of Power Metal Resources commented:

"Dave has been integral to the rapid progression of the Australia gold JV, and the extensive work to date collating historical project information, preparing for gold exploration and assisting across JV activities.

We are pleased to have him move into the role of Exploration Manager for RRAL at an important time as we seek to further accelerate activities and continue to build this dynamic and exciting part of the Power Metal gold portfolio ."

FURTHER JOINT VENTURE INFORMATION:

Joint Venture Company - RRAL

RRAL is a joint venture company 49.9% owned by POW and 50.1% by Red Rock Resources plc (LON:RRR). Paul Johnson, CEO of POW and Andrew Bell, Chairman of RRR and POW, are directors of RRAL.

RRAL has lodged applications for twelve new gold exploration licence areas covering 2,188 km² in the Victoria Goldfields of Australia as follows:

Licence Application Number	Project Name	Report Name	Area (km2)
EL007271	Blue Whale	South Ballarat	133
EL007281	Blue Chip	Ross Creek	74
EL007282	Blue Sky	Dunnstown - Yandoit	489
EL007285	Blue Ribbon	Ballarat North	8
EL007294	Red Queen	Talbot	130
EL007301	Mt Bute	Pitfield	85
EL007327	Blue Stocking	Dereel	60
EL007328	Blue Yonder	Elaine	168
EL007329	Evergreen	Kilmore	486
EL007330	Blue Angel	Daylesford	202
EL007385	Sardinia		4
EL007460	Kilmore West	Lancefield	349
Total			2,188

Further information in respect of the Australia gold JV, including historical reports and targeting assessments prepared for each project, may be viewed through the following link to the Power Metal website: https://www.powermetalresources.com/s/52/australia

In addition, an online map of the current application footprint may be viewed through the following link: https://www.powermetalresources.com/p/207/rrraustralasia-gold-project-footprint

The recently finalised National Instrument 43-101 Technical Report covering eight of the above licence applications (collectively the BMV Gold Project) may be viewed through the following link: https://www.powermetalresources.com/p/222/bmv-gold-project-ni-43-101

CONTACT INFORMATION

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc
Paul Johnson (Chief Executive Officer)	[phone]
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Charlie Bouverat	[phone]
SI Capital Limited (Joint Broker)
Nick Emerson	[phone]
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson	[phone]

NOTES TO EDITORS

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.

The Company has a global portfolio of project interests including precious metal exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

 

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