Power Metals Commences Large-Scale Drill Program at Case Lake
Power Metals Commences Large-Scale Drill
Program at Case Lake
VANCOUVER
,
June 21, 2018
/CNW/ -
Power Metals Corp.
("
Power Metals Corp.
" or the
"
Company
") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) is pleased to announce
that drilling has commenced in the Main Dyke area, on the Henry Dome on the Case Lake Property,
80 km east of
Cochrane
. The first drill hole for this 2018 summer drill program will be PWM-18-84
on the Main Dyke (Figure 1). A total of
5,400 m
of drilling and 50 holes was previously completed
on the Main, North and South Dyke last year with great success.
Dr. Selway, VP of Exploration, stated "We are thrilled to commence drilling again at Case Lake for
this extremely large drill program. We anticipate drilling in excess of 15,000 metres over several
targets that we have identified through previous drilling and our successful mapping programs."
Highlights from the 2017 fall/winter drilling on the Main Dyke includes:
PWM-17-08: 1.94 % Li
2
O and 323.75 ppm Ta over
26.0 m
PWM-17-09: 1.23 % Li
2
O and 148.0 ppm Ta over
16.0 m
PWM-17-10: 1.74 % Li
2
O and 245.96 ppm Ta over
15.06 m
Lithium grades are up to 3.29 % Li
2
O over
1.0 m
in PWM-17-08 in the quartz core with coarse-
grained pale green spodumene.
Near the end of the 2017 drill program, Power Metals' exploration team discovered two new
spodumene pegmatite dykes located between the Main Dyke and the South Dyke. The first new
dyke was intersected in PWM-17-42 and 43 with locally up to 30% spodumene. The exploration
team then targeted the new dyke to intersect it again in PWM-17-44 and 49. This new dyke is
located 20-
40 m
down hole from the Main Dyke and 35-
40 m
vertical depth from the surface. The
second new spodumene pegmatite dyke was intersected in PWM-17-42 and 49. It is located
50 m
down hole from the Main Dyke and 50-
80 m
vertical depth from surface.
One of the drill targets for the 2018 summer drill program will be to extend the strike length of these
two new spodumene pegmatite dykes between the Main and South Dykes.
Figure 1 Drill setup on PWM-18-84 on Main Dyke at Case Lake.
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 on the Henry Dome. Power Metals has an 80% interest with
its 20% working interest partner MGX Minerals Inc.
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
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of
this release.
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 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.
SOURCE
POWER METALS CORP
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For further information:
Power Metals Corp., Johnathan More, 646-661-0409,
CO: POWER METALS CORP
CNW 03:00e 21-JUN-18