Power Metal Resources Plc (LON: POW) updates about Arizona based Alamo Gold Project

December 13, 2020 12:34 AM GMT | By Team Kalkine Media

 

Power Metal Resources Plc (LON:POW) has released an exploration update for the Arizona USA based Alamo Gold Project.

  • Power Metal has the right to earn-in up to a 75 per cent interest in the project, which is a package of mining claims covering an area of around 946 acres.
  • The company has reported that at the Alamo Project, the planned December 2020 work programme has now started with a field camp established and the contract geologists active on the property since 7 December.
  • The work programme is concentrated on six areas where geological mapping has discovered conglomerate units which are likely to host coarse gold.
  • The project fieldwork is aiming at the examination of the basal contacts in those six areas with the intention of finding geological environments helpful for transport and successive distribution of coarse gold and gold nuggets as palaeoplacer deposits in the fresher rock units.

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