Case Lake Drilling Intersects 1.94 % Li2O and 323.75 PPM Ta over 26.0 M
CASE LAKE DRILLING INTERSECTS 1.94 % Li2O AND 323.75 ppm Ta OVER 26.0 m
VANCOUVER, BRITISH COLUMBIA – (November 2nd, 2017) ‐ Power Metals Corp. ("Power
Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:AOUFF) is
pleased to announce that drill holes intersected, for assays received to date, three impressively
wide high‐grade lithium (Li) and tantalum (Ta) mineralized intervals for the Main Dyke at Case
Lake, east of Cochrane, Ontario.
PWM-17-08: 1.94 % Li2O and 323.75 ppm Ta over 26.0 m
PWM-17-09: 1.23 % Li2O and 148.0 ppm Ta over 16.0 m
PWM-17-10: 1.74 % Li2O and 245.96 ppm Ta over 15.06 m
Lithium grades are up to 3.29 % Li2O over 1.0 m in PWM‐17‐08 in the quartz core with coarse‐
grained pale green spodumene.
Drill hole collar locations are given in Power Metals press release dated Sept. 21, 2017. Assay
highlights for assays > 0.9 % Li2O holes PWM‐17‐01 to 12 are given in Table 1.
While the focus of Power Metals exploration team is lithium mineralization in the form of
spodumene, Case Lake pegmatites have an extra bonus of high‐grade tantalum mineralization
in the form of Ta‐oxide minerals. PWM‐17‐08 has 2.50 % Li2O and 1770.0 ppm Ta over 1.0 m.
The high‐grade lithium and tantalum mineralization in the Main Dyke is present in the
intermediate zones and quartz core with coarse‐grained pale green spodumene (Figures 1 and
2). According to Metalary.com website, “tantalum is sold as tantalite ore from which the metal
can then be extracted. The starting point for negotiations is $123.61 USD/kg.”
(https://www.metalary.com/tantalum‐price/). The most important function of the metal is in
the manufacture of electrolytic capacitors for the electronics industry and is ideal for mobile
phones, personal computers, DVD players, video game systems, and automotive electronics
(https://www.metalary.com/tantalum‐price/). Tantalum assays above 200 ppm are generally
considered to be ore grade.
Figure 1 PWM-17-08 Main Dyke spodumene pegmatite, Box 5 to 8, 18.14 to 35.44 m.
Figure 2 PWM-17-08 Main Dyke pegmatite, Box 9 to 12, 35.44 to 53.08 m.
Table 1 Assay highlights for PWM-17-01 to PWM-17-12
Drill Hole No. From (m) To (m) Interval (m) Li2O (%) Ta (ppm)
PWM‐17‐01 21.95 22.90 0.95 2.52 89.40
PWM‐17‐01 25.50 26.50 1.00 2.50 154.00
PWM‐17‐01 44.00 44.70 0.70 2.27 242.00
PWM‐17‐01 47.00 47.80 0.80 1.06 119.00
PWM‐17‐02 assays pending
PWM‐17‐03 assays pending
PWM‐17‐04 105.82 107.00 1.18 1.97 211.00
PWM‐17‐05 assays pending
PWM‐17‐06 assays pending
Drill Hole No. From (m) To (m) Interval (m) Li2O (%) Ta (ppm)
PWM‐17‐07 assays pending
PWM‐17‐08 20.00 46.00 26.00 1.94 323.75
including 21.00 23.00 2.00 2.80 39.05
and 26.00 27.00 1.00 1.83 738.00
and 39.00 40.00 1.00 2.50 1770.00
and 41.00 42.00 1.00 3.29 73.70
PWM‐17‐09 29.00 45.00 16.00 1.23 148.40
including 30.00 33.00 3.00 2.73 34.37
and 33.00 40.00 7.00 1.09 274.14
and 38.00 39.00 1.00 2.73 98.30
PWM‐17‐10 6.26 7.00 0.74 0.94 39.40
PWM‐17‐10 35.00 50.06 15.06 1.74 245.96
including 35.00 36.00 1.00 3.07 28.20
and 38.00 39.00 1.00 3.11 158.00
and 44.00 46.00 2.00 2.41 711.50
PWM‐17‐10 55.00 58.00 3.00 1.39 147.77
PWM‐17‐10 74.72 75.61 0.89 0.92 324.00
PWM‐17‐11 assays pending
PWM‐17‐12 assays pending
Drill holes intersected the pegmatite dykes at almost 90 degrees, so intervals are close to true
widths.
Power Metals has completed 35 drill holes of a 5000 m drill program to date on the Main, North
and South Dykes. The purpose of the drill program is to extend the lithium mineralization in the
Main and North Dykes along strike and down dip. Power Metals’ 2017 drill program has
extended the Main Dyke spodumene pegmatite zone 250 m to the west of the historic drill
holes. The Main Dyke Zone is typically 32‐35 m wide close to surface and consists of multiple
spodumene pegmatite dykes.
Last week, Power Metals completed drill hole PWM‐17‐35 which is 30 m west along strike from
PWM‐17‐10. Both holes intersected spodumene in the North Dyke and the Main Dyke. In PWM‐
17‐35, the North Dyke is 6.7 m wide with 10‐15% spodumene overall and the Main Dyke Zone is
29.4 m wide and is composed of multiple pegmatite dykes. One of the pegmatite dykes within
the Main Dyke Zone has 7.5 m of 25 % spodumene. In comparison, the North Dyke is 7.6 m
wide and Main Dyke Zone is 28.22 m wide in PWM‐17‐10. Visual estimates of spodumene do
not necessarily equate to lithium grade in assays. Assays are pending for PWM‐17‐35.
Dr. Selway, VP of Exploration stated “We are impressed by the widths and grades of the lithium
mineralization in the Main Dyke. The tantalum mineralization is a nice extra bonus to the
lithium mineralization. We are eager to see the assay results from PWM‐17‐35, as the drill core
is similar to that of PWM‐17‐10.”
Johnathan More, Chairman of Power Metals stated “We are thrilled from this first batch of
assays. This represents a very small portion of holes drilled to date and we are eager to see
more results as we receive them from the lab. The high‐grade Tantalum is a huge bonus to
PWM as we remain focused on the high‐grade Lithium.”
Quality Control
The drill core was sampled so that 1 m of the Case Batholith tonalite host rock was sampled
followed by 1 m long samples of the pegmatite dyke and 1 m of the Case Batholith. The
sampling followed lithology boundaries so that only one lithology unit is within a sample,
except for the < 20 cm pegmatite veins in tonalite which were merged into one sample. The
drill core samples were delivered to Actlabs preparation lab in Timmins by Power Metals’
geologists. The core was crushed and pulverized in Timmins and then shipped to Actlabs
analytical lab in Ancaster which has ISO 17025 certification. Every 20 samples included one
external quartz blank, one external lithium standard and one core duplicate. The ore grade Li2O%
was prepared by sodium peroxide fusion with analysis by ICP‐OES with a detection limit of 0.01 %
Li2O.
Case Lake
Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario
close to the Ontario‐Quebec border. The Case Lake pegmatite swarm consists of five dykes:
North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse‐
grained spodumene. Power Metals has an 80% interest with its 20% working interest partner
MGX Minerals Corp. (CSE:XMG).
Qualified Person
Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure
in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified
Person ("QP") as defined by National Instrument 43‐101. Dr. Selway is supervising the
exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999
and worked for about 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr.
Selway also has twenty‐three scientific journal articles on pegmatites. A National Instrument
43‐101 report has been prepared on Case Lake Property and filed on July 18, 2017.
About Power Metals Corp.
Power Metals Corp. is a diversified Canadian mining company with a mandate to explore,
develop and acquire high quality mining projects. We are committed to building an arsenal of
projects in both lithium and high‐growth specialty metals and minerals, including zeolites. We
see an unprecedented opportunity to supply the tremendous growth of the lithium battery and
clean‐technology industries. Learn more at www.powermetalscorp.com
ON BEHALF OF THE BOARD,
Johnathan More, Chairman & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Power Metals Corp.
Johnathan More
646‐661‐0409
Cautionary Note Regarding Forward‐Looking Information
This press release contains projections and forward‐looking information that involve various risks and uncertainties
regarding future events. Such forward‐looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not guarantees of future performance
of Power Metals. There are numerous risks and uncertainties that could cause actual results and Power Metals’
plans and objectives to differ materially from those expressed in the forward‐looking information, including other
factors beyond Power Metals’ control. Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written and oral forward‐looking information are based
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by this notice. Except as required by law, Power Metals assumes no obligation to update forward‐looking
information should circumstances or management’s estimates or opinions change.