News Release OTC Pinks: Pwmrf
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TSX VENTURE EXCHANGE: PAM NEWS RELEASE
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POWER AMERICAS PROVIDES UPDATE ON 2017 EXPLORATION PROGRAM ON THE KITTSON
COBALT PROJECT
Vancouver, British Columbia December 7, 2017 –Power Americas Minerals Corp. (“Power Americas” or
the "Company") (TSX-V: “PAM”) is pleased to announce it has completed the 2017 exploration program
on the Kittson Cobalt Project Located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.
The 2017 exploration program consisted of reconnaissance prospecting, geological mapping, and shallow
diamond drilling using an ultra light man-portable drill rig . The primary focu s of the 2017 exploration
program was to define and better understand the historic cobalt mineralization on the project in order to
develop drill targets for a future drill program. Preliminary prospecting results from this program returned
up to 3.66% Cobalt (see PAM news release 10-03-2017).
The drilling portion of the of the 2017 exploration program included seven drill holes, totaling 161m, of
BTW core. This work was designed to test beneath overburden filled historic workings on t he historic
Shakt-Davis mine. The program successfully intersected the fracture zone th at hosts the Shakt -Davis
mineralization over a strike length of 55 metres. The fracture zone ranged from 5 to 13 meters wide
(drilled core length) and hosted sev eral 0.1-1.0 metre quartz -carbonate v eins surrounded by intense
carbonate alteration. Assay results are pending and will be released as they become available.
Mapping and sampling was also c ompleted as part of the Company’s due diligence on newly acquired
claims to the southwest of the core property (see PAM news release 11 -22-17). This work encountered
numerous undocumented workings (pits, shafts and trenches) over approximately three kilometre strike
length located in a Nipissing diabase , similar to the mineralization at the Shakt -Davis mine. Sampling
results are pending and will be released as they become available. Closing of the above transaction is
subject to receipt of all required documentation and final approval of the TSX Venture Exchange.
The Company also announces that Neil Pettigrew, M.Sc., P.Geo., a current director has been appointed
Vice-President of Exploration. The 2017 Kittson Cobalt Exploration Program has been under the direct
supervision and management of Mr. Pettigrew and Fladgate Exploration Consulting Corp. Mr. Pettigrew
has over 15 years of experience in the mineral exploration industry and worked for several junior and
major companies, and held officer and director positions in several Junior companies. He has also worked
for the Ontario Geological Survey as a Senior Precambrian Geoscientist. He is a founder, part-owner and
vice-president of Fladgate Exploration Consulting Corp. a full-service mineral exploration consulting firm
located in Thunder Bay ON.
The company also announces the appointment of Janet Francis B.Sc. as it new corporate secretary. Ms.
Francis has 12 years' experience in the field of regulatory compliance and corporate governance, most
recently as director of a private company providing corporate secretarial services to public companies
listed on the TSX, TSX Venture, and Canadian Se curities Exchanges, and to other reporting issuers. Ms.
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Suite 1080, 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-4719 Fax: 604-687-4778 www.poweramericascorp.com TSX-V: PAM
Francis is an officer or director of several listed issuers. Dianne Szigety has resigned as the Company’s
previous corporate secretary.
Finally, the Company is granting 2,500,000 incentive stock opt ions to certain officers, directors,
consultants and employees of the company to purchase up to a total of 2,500,000 common shares of the
company at a price of 20 cents per common share for a period of five years.
The stock options are subject to the terms of the company's stock option plan and regulatory approval.
The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc.,
P.Geo., Vice President, Exploration, and a director of the Company, and the Company’s Qualified Person
as defined by National Instrument 43-101.
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 Kittson Cobalt 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-calcite veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to
that of the famous Cobalt Silver Camp which produced 420 million ounces of silver with cobalt as a
significant by product. The mineralization at the Kittson Cobalt project differs from the typical Cobalt Silver
Camp veins in that they are lower in silver content but richer in cobalt and are associated with significant
gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% cobalt over 1.37 meters and select
grab samples returning up to 4% cobalt and 93.3 g/t gold. 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 Corp. 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 America's 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 Pinks under the
symbol “PWMRF” and on the Frankfurt Exchange under the symbol “VV0”.
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.