TIDMPOW
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 km(2) in the Victoria Goldfields of
Australia as follows:
Licence Application Project Name Report Name Area (km(2)
Number )
EL007271 Blue Whale South Ballarat 133
-------------------------- --------------------------- -------------------------------
EL007281 Blue Chip Ross Creek 74
-------------------------- --------------------------- -------------------------------
Dunnstown -
EL007282 Blue Sky 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) +44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Charlie Bouverat +44 (0) 20 3470 0470
SI Capital Limited (Joint Broker)
Nick Emerson +44 (0) 1483 413 500
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson +44 (0) 20 7330 1883
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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END
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