Power Metals Commences Drilling on Northeast Dyke at Case Lake
Power Metals Commences Drilling on Northeast Dyke at Case Lake
VANCOUVER, Jan. 10, 2018 /CNW/ - Power Metals Corp. (" Power Metals Corp. " or the " Company ")
(TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:AOUFF) is ple ased to announce that the 2000 m drill
program on the Northeast Dyke at Case Lake east of Cochrane, Ontario has commenced. Drill hole
PWM-18-51, the first drill hole on the Northeast dyke and on the entire claim, is in progress and is
collared 5 m north of the spodumene pegmatite outcr op. This shallow hole will drill underneath the
location of the surface assay of 7.14 % Li 2O (Power Metals press release dated Dec. 4, 2017).
The Northeast Dyke is located 900 m northeast along strike of the recently completed 5400 m 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 they 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 t hat
were recently drilled.
Dr. Selway, VP of Exploration stated, "We are excited to see the drill core from the first drill hole on the
Northeast Dyke after the recent discovery of abunda nt very coarse-grained spodumene on surface. I am
also eagerly awaiting more assays from the remaining 20 holes from the Main Dyke."
Jacob and Samuel Drilling Ltd., Sudbury, Ontario is the drill contractor.
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 anal ysis
by ICP-OES with a detection limit of 0.01 % Li 2O.
Case Lake
Case Lake Property is located in Steele and Case to wnships, 80 km east of Cochrane, NE Ontario close
to the Ontario-Quebec border. The Case Lake pegmati te 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 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 commi tted 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.
Cautionary Note Regarding Forward-Looking Informati on
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. T here 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 b y law,
Power Metals assumes no obligation to update forward-looking information should circumstances or
management's estimates or opinions change.
SOURCE POWER METALS CORP
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For further information: Power Metals Corp., Johnathan More, 646-661-0409,
CO: POWER METALS CORP
CNW 06:52e 10-JAN-18