ORE Sorting Test Work Successfully Produces High-Grade Cesium Oxide
ORE SORTING TEST WORK SUCCESSFULLY
PRODUCES HIGH-GRADE CESIUM OXIDE
VANCOUVER, BC
,
Oct. 22, 2024
/CNW/ -
Power Metals Corp
("
Power Metals
" or the
"
Company
") (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to
announce that initial test work on ore sorting has been successfully completed with Tomra (
Sydney,
Australia
) and has produced a high-grade cesium oxide product in preparation for chemical
production test work. Metallurgical holes utilized for the ore sorting were drilled earlier this year as
part of the summer 2024 drill program at the Company's 100% owned Case Lake Project ("CLP") in
northeastern
Ontario
. Phase I of metallurgical drilling at West Joe was conducted on 4 (four) drill
holes to target intercept shallow styles of mineralization between
1.65% Cs
2
O
through
18.55%
Cs
2
O (cesium oxide)
hosted in pollucite. Along with cesium these holes included known spodumene
mineralization zones up to
3.08% Li
O
and exceptionally high-grade tantalum mineralization zones up
to
3,236ppm
at the CLP (Table 1).
The Company also expects to announce several assay results in the coming weeks from our Phase
II 2024 drilling program at Case Lake. Additionally, the "Cesium Advisory Committee" anticipates an
update in the very near future on the Company's next steps in development of the CLP.
Figure 1 – Image of Ore Sorting Process at Tomra in Sydney Australia for Power Metals Corp
(CNW Group/Power Metals Corp.)
Haydn Daxter, Power Metals CEO commented "The work at Tomra is a critical step to allow us to
add more confidence to the project and production of cesium oxide. The Company will move into
Phase II of its metallurgical test work with SGS along with preparing for 2024 Phase III drilling at
Case Lake. The ongoing support from the
Ontario
government is incredibly pleasing as we
advance our critical minerals project in
Ontario
."
TOMRA ORE SORTING:
The Company has conducted a two stage process on ore sorting on the 60kg of test material.
Successful separation resulting in a high-grade cesium oxide was achieved and will form the basis of
mining studies moving into the production of cesium oxide and metallurgical test work on chemical
production with SGS Lakefield. Core samples were crushed and screened at 8mm - 32mm, sorted
with 2 (two) stages of sorting conducted:
Test 1: Ejected very high density/grade concentrate (Figure 1)
Test 2: Was run on the waste from Test 1 and ejected all minor high-density inclusions for
recovery (Figure 2)
Test 3: Was conducted on the <12.5mm material that was screened at 6mm
Figure 2 – Images of X-Ray ore sorting process from Tomra for Power Metals Corp. Dark zones
indicate high density/grade pollucite ore containing cesium oxide (CNW Group/Power Metals Corp.)
Figure 3 – X-Ray Image from Tomra displaying dark zones of high density/grade pollucite containing
cesium oxide (CNW Group/Power Metals Corp.)
METTALURGICAL HOLES:
Phase I of metallurgical drilling consisted of 4 (four) HQ (63.5mm) diamond drill holes into known
mineralization zones at West Joe. Drilling consisted of shallow targets to provide a series of ore
sorting and mineral separation on the unique West Joe Project. Targeting cesium oxide of a high-
grade nature through to the Company's proposed cutoff grade at the lower end of the scale. In
conjunction to the ore sorting and separation of cesium oxide material the metallurgical holes also
included high-grade spodumene and tantalum (Table 1) which could provide additional streams of
income alongside the cesium oxide production. Cesium oxide concentrate will now be shipped to
SGS Lakefield for analysis to produce product grades.
Table 1 – Drill Collar Table
Hole ID
Easting
Northing
Elevation
Hole
Depth
(m)
Dip
Azimuth
NAD83
From (m)
To (m)
Significant Intersections
NAD83
NAD83
MASL
Interval
(m)
Cs
2
O (%)
Li
2
O %
Ta (ppm)
PWM-
24-203
576306
5431109
347
30
-45
170
12
16
4
8.57
1.06
332
including
3.0m @ 11.1% Cs
2
O, 1.36% Li
2
O, & 204ppm Ta
from 13.0m
also including
1.0m @ 18.55% Cs
O, 1.05% Li
O, & 90ppm Ta
from 14.0m
PWM-
24-204
576297
5431109
347
30
-45
170
10
15
5
1.65
1.01
906
including
3.0m @ 3.44% Cs
2
O, 1.13% Li
2
O, & 1752ppm Ta
from 11.0m
also including
1.0m @ 3.88% Cs
O, 0.49% Li
O, & 3236ppm Ta
from 11.0m
PWM-
24-205
576321
5431131
345
45
-45
170
30
32
2
4.98
1.34
241
including
1.0m @ 8.5% Cs
O, 0.14% Li
O, & 138ppm Ta
from 30.0m
PWM-
24-206
576318
5431116
345
30
-45
170
17
20
3
9.96
1.08
324
including
1.0m @ 12.83% Cs
O, 1.85% Li
O, & 192ppm Ta
from 18.0m
Johnathan More
, Chairman and Founder of Power Metals commented "I was very honored to meet
with the Honorable George Pirie, the Minister of Mines,
Ontario
at his offices in
Toronto
last week.
The level of support from the
Ontario
government has been exemplary for the Company and
critical mineral projects. I am incredibly excited for both the immediate and long-term future of
Power Metals. We are eagerly awaiting more exciting assays from the lab as well as identifying
potential strategic relationships to assist us on our journey."
CANADIAN GOVERNEMENT
Our Chairman recently met the Honorable George Pirie, Minister of Mines,
Ontario
along with
representatives from DRA Global to discuss the Case Lake Project and the development of critical
mineral projects in
Ontario
(Figure 4). With the recent distribution of the government's 2024 "Critical
Minerals Strategy" the Case Lake project is well positioned to be one of only several critical mineral
projects in
Ontario
that can advance at a rapid rate into production. The Company continues to
develop a strong relationship with the
Ontario
government that is very supportive of our critical
minerals project and would see
Ontario
host the world's fourth cesium deposit.
Figure 4 – Minister of Mines George Pirie meeting with Power Metals Chairman and Founder,
Johnathan More and representatives from DRA Global (CNW Group/Power Metals Corp.)
Case Lake Property
The Case Lake Property is located 80 km east of
Cochrane
, northeastern
Ontario
close to the
Ontario
-
Quebec
border. The Property consists of 585 cell claims in Steele, Case, Scapa, Pliny,
Abbotsford
and Challies townships, Larder Lake Mining Division. The Property is 10km by 9.5km in
size with 14 granitic domes. The Case Lake pegmatite swarm consists of six spodumene dykes
known as the North, Main, South, East and Northeast dykes on the Henry Dome, and the West Joe
dyke on a new dome, collectively forming mineralization trend that extends for approximately 10km
(Figure 5).
Power Metals have completed several exploration campaigns that have led to the discovery and
expansion of new and historic spodumene bearing LCT pegmatites at Case Lake. The Company has
drilled a total of 22,231 meters of core between 2017 and 2024 at the Property. The Case Lake
Property is owned 100% by Power Metals Corp. A National Instrument 43-101 Technical Report has
been prepared on Case Lake Property and filed on
July 18, 2017
(Figure 5).
Pelletier Property
The Pelletier Property is located 50km south of
Hearst
, northeastern
Ontario
close to a network of
forestry roads. The Property consists of 337 mineral claims that account for a total of 7000 hectares
in Franz, Roche, Scholfield, and Talbot townships in the Porcupine mining division. The Pelletier
Project is characterized by LCT prospective S-type pegmatitic granites intruding into
metasedimentary and amphibolite of the Quetico at or near Archean terrane boundary between the
Quetico and
Wawa
sub-provinces (Figure 5).
Decelles Property
The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospective ground
near the mining centers of Val-dÓr and
Rouyn-Noranda
, approximately 600km from
Montreal
. Power
Metals acquired the Decelles and Mazerac properties from Winsome Resources in 2023 in a deal
that allowed Winsome to increase its stake to 19.59% (Refer to press release announced on
August 24, 2023
). The geology of Decelles property is part of the Archean Pontiac sub-province
where S-type LCT prospective, pegmatite bearing, granitic Decelles Batholith intrudes into
metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing pegmatites have been
reported historically within the
Pontiac
sub-province in association with S-type garnet-muscovite
granite. The Decelles property is adjacent to Vision Lithium's Cadillac property where the discovery
of high-grade lithium pegmatites was reported in 2022 (Figure 5).
Mazerac Property
The Mazerac Property is located approximately 30 km east of Power Metals' Decelles property near
well-established mining camps in the Abitibi region of
Canada
and is accessible by network of
mining-grade forestry roads. The Mazerac property contains 259 claims that cover 14,700 hectares
of LCT prospective ground near the mining center of Val-dÓr and
Rouyn-Noranda
. The regional
geology of Mazerac is similar to Decelles where S-type LCT prospective, pegmatite bearing,
granites of Decelles Batholith intrude into metasedimentary units of the Pontiac Group. Spodumene
and Beryl bearing pegmatites have been reported historically within the
Pontiac
sub-province in
association with S-type garnet-muscovite granite (Figure 5).
Figure 5 – Power Metals Corp Project Locations Map in Ontario and Quebec Canada (CNW
Group/Power Metals Corp.)
Pollucite and Cesium
Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated,
rare element pegmatites. The main source of cesium known globally is pollucite
(Cs,Na)
(Al
Si
O
)•2H
O, (
https://www.gov.mb.ca/iem/geo/industrial/pollucite.html
). Currently the
Tanco mine in
Manitoba, Canada
holds over 60% of the known reserves globally. Sinomine (
China
)
and Albemarle (
USA
) are the only two companies producing consistent cesium chemicals.
Scientific and Technical Disclosure
The scientific and technical disclosure included in this news release has been reviewed and
approved by
Amanuel Bein
, P.Geo., Vice President of Exploration for Power Metals, a Qualified
Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects.
About Tomra
Tomra Mining ("Tomra") is one of the world's leading ore sorting suppliers to the mining industry.
Tomra has specialized ore sorting test centers in
Australia
,
Germany
, and
South Africa
and provides
services across industrial minerals, diamonds and metallic ores on a global scale.
Tomra is independent of the Company.
Power Metals
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. 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
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the
content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities being offered have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws,
and may not be offered or sold in
the United States
, or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption
therefrom. This press release is for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including
the use of funds raised under the Offering. These statements should not be read as guarantees of
future performance or results. Such statements involve known and unknown risks, uncertainties
and other factors that may cause actual results, performance or achievements to be materially
different from those implied by such statements. Although such statements are based on
management's reasonable assumptions, Power Metals assumes no responsibility to update or
revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-
looking statements are based are reasonable, undue reliance should not be placed on the forward-
looking statements because the Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. These statements speak only as of the date of this press
release. Actual results could differ materially from those currently anticipated due to several
factors and risks including various risk factors discussed in the Company's disclosure documents
which can be found under the Company's profile on
www.sedar.com
.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved
the contents of this press release.
SOURCE
Power Metals Corp.
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For further information:
Power Metals Corp., Johnathan More, 515-401-7479,
CO: Power Metals Corp.
CNW 08:00e 22-OCT-24