Power Metals Announces Cesium Exploration Plans at West Joe
Power Metals Announces Cesium Exploration
Plans at West Joe
VANCOUVER
,
Feb. 20, 2020
/CNW/ -
Power Metals Corp.
("
Power Metals Corp.
" or the
"
Company
") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) is planning a
spring/summer stripping and channel sampling program on Li-Cs-Ta West Joe Dyke at Case Lake,
80 km east of
Cochrane
, northeastern
Ontario
as a follow up to Power Metals' 2018 drill program.
The purpose of the stripping and channel sampling program is to expose, sample and assay the
Cesium (Cs) mineralization on surface outcrops at West Joe Dyke and to find more Cs-bearing
pegmatite dykes nearby. Pegmatite dykes typically occur in swarms and West Joe is along the SW-
NE 3 km long trend of pegmatites from West Joe Dyke to Main Dyke to Northeast Dyke (Figure 1).
Power Metals exploration team will search for additional Cs-bearing pegmatite dykes along this
trend especially between West Joe and Main Dykes.
Power Metals discovered West Joe spodumene pegmatite dyke at the end of the 2018 drill
program. Power Metals built a drill trail to access claims on the west side of Little Joe Lake which
led to the discovery. There has been no historic exploration around West Joe Dyke. Power Metals
drilled 18 drill holes for a total of
1195.7 m
on West Joe Dyke. Cesium ore mineral, pollucite, was
intersected in six drill holes at a vertical depth of 5 to
40 m
. While the high-grade Lithium and
Tantalum (Li and Ta) mineralization at West Joe were obvious to the geologists in the field, the
grade of the Cs mineralization was not realized until assays were received after the drill program
was completed. Power Metals was drilling West Joe to target Li mineralization, however the
discovery of high-grade Cesium has no doubt changed our focus. Power Metals is lucky that all
three commodities (Li-Cs-Ta) occur in the same pegmatite dyke.
West
Joe Dyke
contains Cesium (Cs) mineralization as shown by the presence of pollucite in drill
core and exceptionally high-grade Cs intervals:
14.70 % Cs
2
O over
1.0 m
, 13.0 to
14.0 m
, PWM-18-126
12.40 % Cs
2
O over
1.0 m
, 10.0 to
11.0 m
, PWM-18-112
6.74 % Cs
2
O over
5.0 m
, 11.0 to
16.0 m
, PWM-18-126
Elevated Cs assays and pollucite has been previously identified in drill hole PWM-18-49 in the first
new dyke below Main Dyke:
2.00 % Cs
2
O over
2.0 m
interval, from 32.45 to
34.45 m
Elevated Cs assays has also been identified in drill hole PWM-18-71 in the Northeast Dyke:
2.52 % Cs
2
O over
1.0 m
interval, from 25.0 to
26.0 m
Power Metals has a valid Exploration Plan (PL-19-000114) from MENDM until
Oct. 2021
for
stripping at Case Lake. Power Metals exploration team is planning on stripping and power washing
outcrops around West Dyke and between West Joe and Main Dyke in search of additional
pegmatite dykes. Stripping will be followed by channel sampling at West Joe Dyke. Channel
samples assays will be imported as horizontal drill holes in the exploration 3D model for West Joe to
help with future drill targeting.
Figure 1. Drill plan map of Case Lake Property (CNW Group/POWER METALS CORP)
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 SGS preparation lab in
Cochrane
by Power Metals' geologists. The core was then
shipped to SGS analytical lab in
Lakefield, Ontario
which has ISO 17025 certification. Every 20
samples included one external quartz blank, one external lithium standard and one core duplicate.
The ore grade Li
2
O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a
detection limit of 0.002 % Li
2
O. A QA/QC review of the standards and blanks for this drill program
indicate that they passed and the drill core assays are accurate and not contaminated.
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 Property is 10 km x 9.5 km in size with 9 identified tonalite
domes. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South,
East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome.
Case Lake Property consists of 449 cell claims in Steele, Case, Scapa, Pliny and
Abbotsford
townships, Larder Lake Mining Division. The Case Lake Property is owned 100% by Power Metals.
The claims have enough available exploration reserve to keep them in good standing for the next 5
years.
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 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. 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
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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-
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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, 646-661-0409,
CO: POWER METALS CORP
CNW 08:00e 20-FEB-20