Power Metals Assays Up to 7.14% Li2O on Surface on Northeast Dyke at Case Lake
Power Metals Assays Up to 7.14% Li2O on Surface on Northeast Dyke at Case
Lake
VANCOUVER, BRITISH COLUMBIA – (December 4 th, 2017) - Power Metals Corp. ("Power
Metals Corp. " or the " Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) (OTC:AOUFF) is
pleased to announce assay results to confirm the presence of high-grade spodumene in the
Northeast dyke at Case Lake, Cochrane, Ontario. The assay results range from 6.04 % to 7.14%
Li2O for rock s podumene grab samples on surface. The assays given in Table 1 represent
almost pure spodumene and drilling is required to determine the lithium grade of the
Northeast pegmatite dyke . The Company has planned 2,000 metre drill program that will be
commencing on the Northeast dyke on January 3rd 2018.
On the south outcrop, one green spodumene crystal 32 cm long by 2 cm wide, sample number
529463 has 6.04 % Li2O (Figure 1). On the north outcrop, the quartz core of the pegmatite dyke
contains up to 40% spodumene megacrysts with cross sections up to 14 cm across (Figure 2).
This was sample 529461 with 6.79 % Li2O. The highest grade spodumene sample came from the
western edge of the south outcrop with 7.14 % Li2O.
Table 1 Lithium assays for spodumene grab samples from Northeast Dyke (UTM NAD 83, Zone 17)
Waypoint Easting (m) Northing (m) Sample No. Li2O (%)
JK-17-43 579053 5432292 529459 7.14
JK-17-45 579104 5432372 529460 6.75
JK-17-53 579065 5432293 529461 6.79
JK-17-52 579055 5432295 529463 6.04
Dr. Julie Selway, VP of Exploration stated, “We are extremely fortunate to have assayed these
very high-grade lithium spodumene samples on surface. These assays confirm the presence of
high-grade spodumene on the Northeast Dyke and I look forward to drilling the Northeast Dyke
within the coming weeks. Additionally, we should also be receiving the remaining assays that
we are currently waiting for on the Main Dyke from our recently completed 5 ,400 metre drill
program. We have been in touch with the lab and the bottleneck causing delays seems to be
cleared and will press release our assays as soon as they are available. I would also like to
congratulate and thank my exploration team for all the hard work and success they have given
us to date on this exciting project.”
In a press release dated November13th, 2017, Power Metals announced that it had discovered
spodumene megacrysts (up to 32 cm long) on the Northeast Dyke located 900 m northeast
along strike of the current drill program on the North and Main Dykes and is within the same
tonalite dome as the North and Main Dykes. Since the Northeast, North and the Main Dykes are
along the same strike and within the same dome, this indicates that the y were emplaced along
the same deep -seated structure. The Northeast Dyke has a pair of parallel pegmatite dykes:
north and south outcrops similar to the North and Main Dykes that were recently drilled.
Figure 1 32 cm by 2 cm spodumene crystal in Northeast Dyke – south outcrop (sample 529463)
Figure 2 Oval cross sections of at least 8 beige spodumene megacrysts up to 14 cm across in quartz core of Northeast Dyke –
south outcrop (sample 529461)
Figure 3 Pale green spodumene megacryst 30 cm long and 8 to 10 cm wide from Northeast Dyke – north outcrop (sample
529460)
Quality Control
The grab 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. The ore grade Li 2O% 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.
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 Na tional Instrume nt
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 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 ri sks 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
on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety
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.