Power Americas Acquires Additional Exploration Permits on the Spirit River Lithium Project
TSX VENT TURE EXCHAN NGE: PAM FRANKFURT: VV0
NEW WS RELEASE E
MITS ON THE POWE ER AMERICA AS ACQUIRES S ADDITIONAL EXPLORA ATION PERM E SPIRIT RIVER LITHIUM PROJEC CT
Vancouve er, British Columbia Marc
ch 16, 2017 – –Power Americas Minerals Corp. (“Po
ower America as” or erta has approved the "Com mpany") (TSX‐ ‐V: “PAM”) i is pleased to
- announce t that the Prov vince of Albe metallic and industrial min
Power Am merica’s application for 10 00% undivided d interest in a a further six m nerals exploratio on permits co overing six to ownships northwest of the e Fox Creek‐S Swan Hills district in the Peace River Arch h‐Spirit River area of north hwestern Albe erta.
These additional six e wnships that were exploration p permits are contiguous t to the previo ous four tow acquired by Power Americas in A August 2016. Power Amer rica’s collective northwes stern Alberta a land package now has a t total of 10 a adjoining exp ploration per rmits coverin ng more than n 90,000 hec ctares (222,395 acres) or 900 metres. The newly acquired d permits con han 1000 well sites 0 square kilom ntain more th including more than 200 new and d ce 2010. The Spirt River project deep‐basin w wells that wer re drilled sinc 900 wells, som now cont me of which contain elev tains potentia al access to m more than 19 vated lithium‐ ‐brine values as documented d historically i in publicly available Gover rnment of Alb berta reports
s. Power Ame erica’s exploratio on focus will include test assaying brin ne samples from the new, , deep‐basin w wells represe enting virgin gro ound that has s never been n tested for t the lithium‐in n‐brine conte ent, signifying a new targ get of exploratio on for the Com mpany and its shareholders.
ompany and its Qualified Professionals Note: To date, the Co s have been unable to ve erify the hist torical nd whether the lithium‐en occurs, or ex lithium‐br rine results an nriched brine xtends, into a aquifers unde erlying the Spirit River propert ty.
Power Am merica’s initial Exploration Program (see news release 01‐11‐17) is underway on the Spirit River Lithium P Project. Local area petro‐o operators have granted a access and br rine sampling g will be collected from approximately 20‐30 separat te producing wells. The b brine samples s will be test ted for poten ntially elevated c ns of lithium and other im concentration mportant elem ments in brine e reservoirs/a aquifers unde erlying Spirit Rive er landholding gs. Further re esults will be released as th hey become a available.
The Comp pany’s consultant, APEX G Geoscience L Ltd. of Edmon nton AB, is s supervising an nd conductin ng the ucers in the region. The brine brine sam mpling progra am in conjun nction with s several oil an nd gas produ nalytics Inc. at its Petro samples collected will undergo g geochemical analysis by Maxxam An oleum onton, AB.
Technolog gy Centre located in Edmo
Suite 1400, 1111 West Geo orgia Street, V Vancouver, BC C V6E 4M3 04‐687‐4778 www.powe eramericasco orp.com TSX Tel: 604‐687 7‐4719 Fax: 60 X‐V: PAM
About Power Americas Mineral Corp
Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy.
Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies.
Power Americas Minerals Corp. is a Canadian‐based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol "PAM" and on the Frankfurt Exchange under the symbol “VV0”.
The technical content of this news release has been reviewed and approved by Roy Eccles MSc, P Geol, of APEX Geoscience Ltd., an independent qualified person as defined by National Instrument 43‐101.
On behalf of the Board of Directors: For more information please contact:
Howard Milne V.P. Business Development “Jeffrey Cocks” Tel: (604) 377‐8994 Email: [email protected]
Website: www.poweramericascorp.com Jeffrey Cocks President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES
Suite 1400, 1111 West Georgia Street, Vancouver, BC V6E 4M3 Tel: 604‐687‐4719 Fax: 604‐687‐4778 www.poweramericascorp.com TSX‐V: PAM