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:

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

Download the full RNS release (PDF)

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25 September 2020

 
 
 

Power Metal Resources plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom

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