Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio notes the update (the “Update”) released by First Class Metals PLC (“First Class”) in which Power Metal has a circa 36.3% interest.
The Update outlines the receipt of an exploration permit for the Pickle Lake area and confirmation that earn-in joint venture partner Palladium One (TSXV:PDM) is to launch a drill programme at Pickle Lake.
The Update may be viewed through the following link:
First Class Metals PLC is a minerals exploration company focused on proving and developing the significant potential of their flagship property North Hemlo which includes the Pickle Lake Palladium One JV area as well as systematic exploration of the Esa, Sugar Cube, McKellar, Magical, Enable and Coco East projects, in total 180km2 in the Hemlo – Harte gold mines region in the Western portion of the Wawa-Abitibi Gold Belt of Ontario, Canada.
Geologically the claim blocks are located within the Schreiber-Hemlo Greenstone Belt with target minerals gold, silver, base and battery metals in typical Archaean / Hemlo style mineralised settings. First Class is seeking a London Listing prior to end Q2 2022.