Power Americas Intersects Positive Drill Results on Its Kittson-Cobalt Project
Power Americas Intersects Positive Drill Results on Its
Kittson-Cobalt Project
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2018) -
Power Americas Minerals Corp
oration
(TSXV:
PAM
)
(
"
Power Americas
"
or
the "
Company
") is pleased to announce the first results of their winter diamond drilling program on their
Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.
A total of 17 drill holes, totaling 1,750 metres, of BTW-size core were drilled, 15 targeting the Shakt-Davis mine area and 2
holes targeting the eastern extension of the Edison mine. The program successfully intersected the fracture zone that hosts the
Shakt-Davis mineralization over a strike length of 125 metres and to a maximum depth of 170 metres. The fracture zone ranged
from 5 to 30 metres wide (drilled core length) and hosted several 0.1 - 1.0 metre quartz-carbonate veins surrounded by intense
carbonate alteration. Fracture- and vein-controlled cobalt mineralization in the form of smaltite occurred throughout this zone with
values up to
0.
05
% Co over
29.24
metre
s
.
A full list of significant intersections is provided in Table 1 below. Drill Location
maps and cross-sections can be found on the Company's website by following:
"Click here to view maps and cross sections."
Table 1.
Diamond Drilling Highlights.
Hole
Number
From
(
m
)
To
(
m
)
Width
*
(
m
)
Co
wt.%
Au
g/t
Ag
g/t
Cu
wt.%
Ni
wt.%
KIT-18-001
Hole abandoned due to intersecting old workings
KIT-18-002
84.33
85.1
0.77
0.38
0.017
0.1
0.00
0.06
KIT-18-003
No Significant Results
KIT-18-004
90.7
91.62
0.92
0.52
0.009
0.1
0.00
0.06
KIT-18-005
No Significant Results
KIT-18-006
29.58
40.59
17.8
5
0.04
0.007
0.2
0.02
0.01
Inc.
29.58
33.30
3.72
0.08
0.079
0.3
0.02
0.01
Inc.
29.58
30.00
0.42
0.42
0.060
0.9
0.00
0.06
KIT-18-007
28.97
34.35
5.
38
0.11
0.005
0.2
0.02
0.02
Inc.
30.97
31.27
0.73
0.61
0.020
0.8
0.03
0.10
KIT-18-008
22.26
51.5
29.24**
0.05
0.007
0.2
0.01
0.01
Inc.
22.26
27.34
5.08
0.10
0.003
0.5
0.03
0.02
Inc.
25.63
27.34
1.71
0.18
0.005
0.6
0.03
0.02
And
34.58
35.93
1.35
0.38
0.120
1.2
0.01
0.12
And
48.31
51.50
3.19
0.16
0.003
0.5
0.01
0.03
Inc.
50.60
51.50
0.90
0.36
0.003
0.6
0.01
0.06
*All reported widths are drilled core lengths.
**
Includes zero grade for un
-
sample
d
core from 28.34-33.53m and 37.67-48.31m
.
Commenting on the latest results, Jeffrey Cocks, President and CEO said: "
We're highly
encouraged
by the
se
broad zones of
cobalt mineralization
at the historic Shakt-Davis mine area
.
Coupled with the
discovery of Co mineralization in both drill holes
further to the east near the Edison workings, t
hese results
suggest there may be
open pit / bulk
tonnage
potential
within
the
Kittson-
Cobalt Project
.
"
Further results from the drill program will be released as they become available.
Planning is currently underway for Power Americas' summer exploration program, which will include follow-up drilling around the
historic workings on the Property, as well as reconnaissance mapping, prospecting, geophysical surveys and soil sampling on
the newly-acquired claims extending to the southwest (see PAM news release: 12-18-2017).
Sample Analysis and
QA/QC
Split core samples were analysed for base metals including Co, Cu, Ni, Pb, and Zn among others, along with Au and Ag at
Activation Laboratories in Timmins, Ontario. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua
regia digest/ICP-OES), and 8-peroxide (Na
2
O
2
digest/ICP-OES). Standards and blanks were inserted into the sample stream
every 20 samples. The Co-bearing standards used in this program were sourced from CDN Resource Laboratories Ltd. of
Langley, British Columbia, and Geostats Pty Ltd., of Western Australia.
About the Kittson
-
Cobalt Project
The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and
Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of
lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing
diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located
✍
15 km east of the Property,
which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the
Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are
associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and
select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc
and bismuth also occur within the quartz-carbonate veins.
About Power Americas Mineral Corp
.
Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement,
exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas'
acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven
geological potential. The Company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol
"PAM", the OTC Markets under the symbol "PWMRF", and on the Frankfurt Exchange under the symbol "VV0".
The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President of
Exploration and a director of the Company, and a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Directors:
"Jeffrey Cocks"
Jeffrey Cocks
President
For more information please contact:
Howard Milne V.P. Business Development
Tel:
(604) 377-8994
Email:
Website:
www.poweramericascorp.com
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.