Power Minerals Limited (ASX:PNN) Commences Drilling at Nióbio Project
Drilling Operations Initiated
Power Minerals Limited (ASX: PNN) has commenced diamond drilling at its Nióbio project in Brazil. The program consists of up to 800 metres of drilling to test a priority target identified through prior sampling and a recently completed LiDAR survey. This initial reconnaissance drilling is expected to provide valuable geological and geochemical data.
Operational Direction
The technical team from Power Minerals is onsite to oversee the drilling program, which is anticipated to take three weeks. Mena Habib, Managing Director of Power Minerals, expressed enthusiasm about the commencement of this drill program, stating, “Our team is excited to be on the ground in Brazil to oversee this drill program… Work at the Nióbio Project has delivered strong results to date, and our drill program is the next important step in unlocking the potential of the project.”
Future Prospects
Drilling is expected to generate results that will inform follow-up exploration efforts in early 2025. In addition to the current drilling, further samples collected from new areas of interest will be analysed to identify additional targets for potential drilling in the next year. The results from the program are expected to be released in the first quarter of 2025, assisting in the strategic planning of subsequent exploration phases.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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