en.Wedoany.com Reported - Power Metal Resources has disclosed on the Aim market that it has initiated a 1,600-meter core drilling program targeting the first five high-interest geological and geophysical targets on the eastern feeder zone of the Molopo Farms Complex.

The company's Molopo Farms Complex project in southwestern Botswana aims to discover a regional-scale nickel and platinum group elements deposit.

The project's exploration license 311/2016 has been renewed for two years, valid until March 31, 2028.

Power Metal explained that, unlike previous historical drilling, this drilling program will test targets within the controlling structures of the Molopo Farms Complex and its associated feeder dykes.

Drill hole locations are based on the latest interpretation of magnetic, audio-magnetotelluric, and time-domain electromagnetic data previously acquired by Power Metal, supplemented by limited ground magnetic survey profiles.

The program will be results-driven and may be optimized as more data becomes available.

Power Metal CEO Sean Wade stated that he is very pleased to provide an update on the license renewal and the upcoming drilling campaign, adding that the company remains fully committed to the Molopo Farms project and is optimistic that this campaign will build on the substantial work already completed, with a regional-scale discovery still within reach, and looks forward to updating shareholders further on progress in the coming months.

Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration, a private Botswana company that holds a 100% interest in the Molopo Farms Complex project.