The Hemlo North Gold Project, Ontario

The Company has acquired a 100% interest in a package of three gold exploration properties constituting the Hemlo North Gold Project (the “Hemlo North Gold Project” or the “Project”) located in the prospective Hemlo North area of Ontario, Canada.

The Project has the potential for both gold and base metal discoveries in an under explored area which offers Power Metal the potential to add significant value through early stage exploration success.

The Project consists a total of 122 Single Cell Mining Claims (“Claims”) acquired as three contiguous claim packages (exploration projects); Roger Lake (50 Claims); Olga Lake (42 Claims); and Dotted East (30 Claims).

Together the claims cover a total area of 25.82km² centred approximately 29km north-east of Barrick Gold Corporation’s Hemlo Mine which has produced more than 21Moz of gold to date1. Access into the area is good with a gravel road running through the centre of the project leading south to Hemlo.

The Project footprint is located directly adjacent, to west of the Palladium One Mining Inc (TSX-V:PDM) Tyko Ni-Cu-PGE Project2 where a 2020 drilling programme intersected wide zones of massive sulphide over a mineralised target striking 270m. The Project is also directly east of the Panther Metals PLC (LSE:PALM) Dotted Lake property where recent surface sampling confirmed high grade gold (18.9g/t Au) at surface3.

POW Licences at Hemlo North

POW Licences at Hemlo North

Hemlo area discoveries

Hemlo area discoveries

Properties with MAG

Properties with MAG

Hemlo North Exploration Strategy

Preliminary exploration work planned for the project will include both remote sensing data interpretation and ground-based fieldwork with systematic soil sampling and geophysics expected to yield defined targets for future drill testing.

The vendors of the Project are established local prospectors who will continue to work with Power Metal in the local management of the planned work streams. In addition, the Province of Ontario has an established mineral exploration industry with a large number of local exploration contractors that can be engaged to help fulfil the planned work on a cost effective basis.

References:

Summary

Project: The Hemlo North Gold Project, Ontario

Target metals: Gold

Objective: Discovery

Status: Active
Preliminary exploration work planned for the project will include both remote sensing data interpretation and ground-based fieldwork with systematic soil sampling and geophysics expected to yield defined targets for future drill testing.

Latest News

25 February 2021

POW has exercised its option to acquire both the Magical and Enable Properties in Ontario, Canada

 
 
 

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

2021-02-28 0Top