Article

Power Minerals has restarted exploration at its Santa Inés copper and gold project in Argentina, motivated by increasing copper and gold prices. The company has pinpointed a high-priority target at approximately 600m depth beneath known mineralization.

Previous exploration identified high-grade surface mineralization, with rock chip samples exceeding 1% copper and 0.8g/t gold. In 2022, Power Minerals drilled five holes averaging 113m deep, confirming mineralization in all holes.

The company plans to enhance its exploration efforts through a comprehensive data-integration program, utilizing modern geophysical processing techniques to define deeper targets and integrate existing drill core data with structural mapping. Current gold prices are over US$5,500 per ounce, and copper prices are nearing US$6 per pound.