Friday morning saw Power Metal Resources (LSE:POW) reveal enlarged areas of prospectivity at its 70%-owned Kisinka copper-cobalt project in the DRC.

The firm launched into a pitting and mapping exploration programme at the site in February, having discovered a large 6.8km copper anomaly during field work last year.

Results have not only confirmed the two copper anomalous zones previously identified, but also demonstrated that they contain higher values than expected, span a greater width, and are open to the north-west and south-east.

Meanwhile, the work also found that these zones are “quite well correlated” with major structures the operators had already inferred from mapping Kisinka.

Finally, cobalt anomalism was indicated in both zones.

Power Metal said that once sampling is fully completed, the next recommended steps are expected to be a ground magnetic survey and a ground electromagnetic survey.

These will aim to detect both low magnetic and chargeable lithologies and indicate structures and faulting and areas of carbonate rocks and further pitting.

Paul Johnson, Power Metal’s chief executive, said the latest results allow the firm to “go forward with confidence” at Kisinka:

“The laterization and leaching that we encountered support the theory that there may be supergene enriched mineralisation at a lower level, so we particularly want to investigate this.

The presence of cobalt partly correlated with the copper is another positive indication. After confirmation from the ICP analysis, which we may extend to include samples from the earlier termite mound sampling, we will release the data on cobalt and copper levels in the anomalies.

We were able to relate some mineralisation areas to structures and faulting, and to build on that work and generate the best drill targets we will need to carry out some geophysics.”

Author: Daniel Flynn

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