Power Metals Corp. Commences Drill Program at Case Lake
POWER METALS CORP. COMMENCES DRILL PROGRAM AT CASE LAKE
VANCOUVER, BRITISH COLUMBIA – (August 17th, 2017) - Power Metals Corp. ("Power Metals
Corp." or the " Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is pleased to announce
that drilling has commenced at its Case Lake Property, near Cochrane Ontario . Power Metals
has an 80% interest with its 20% working interest partner MGX Minerals Corp. (CSE:XMG). The
5000 m drill program was contracted to Jacob & Samuel Drilling Ltd., Sudbury, Ontario. The drill
core will be logge d on site and accommodations have been secured at a local Outfitters lodge.
Power Metals has an Exploration Permit from Ministry of Northern Development and Mines
(MNDM) which is valid for 3 years.
The 3D model of the Case Lake pegmatite dykes was used to identify drill targets for the
upcoming 5000 m drill program which includes:
• 4000 m of resource drilling at 30 m spacing and depths of 100 -150 m on the spodumene
Main and North Dykes surface exposure (approximately 26 holes) to aid in future
resource estimate.
• 1000 m of expansion drilling at depths of 100 -150 m to extend the Main and North
Dykes along strike to the east and west (approximately 10 holes).
Power Metals is confident that Phase 1 drill program will successfully identify lithium
mineralization at depth. Assay highlights from Platinova’s 2001 drill program include: DDH -2
from 39.0 to 40.0 m, interval 1.0 m, with 1.52 % Li 2O, 62 ppm Ta, > 100 ppm Be from the inner
intermediate zone. There is 100 m of surface exposed strike length with lithium mineralization
for the Main Dyke that has not yet been drill tested. Both Main and North Dykes are open along
strike and down dip. Power Metals will also test the possibility that the Main Dyke is actually
two parallel pegmatite dykes not just one dyke. Since the pegmatite dykes within the Case Lake
pegmatite swarm are parallel to each other, there is potential to find additional buried dykes at
depth.
Phase 2 drill program, in the future, will target:
• Continued extension of the Main and North Dykes.
• Exploration drilling of Offset Dyke and Northeast Dyke
The fault Offset Dyke target is a 1 km long target which is assumed to be the down faulted
continuation of the North and Main spodumene dykes. Northeast spodumene pegmatite dyke
has an historical assay of > 2.15 % Li2O.
Johnathan More at Power Metals state s “When we acquired Case Lake we were excited by its
demonstrated history of strong results through the drill-bit, as well as its district scale potential,
and similarities to projects across the border in Quebec most notably Nemaska's Whabouchi
project. Since then , and in preparation for this 5,000 metre program, we have compiled
significant regional data, multiplied our land position over anomalous areas and created a
comprehensive 3-D model. We are now readying to have our team of pegmatite experts drill on
key targets and are eager to explore and develop the Case Lake asset."
Case Lake
Case Lake Property is located in Steele and Case townships, near Cochrane, NE Ontario close to
the Ontario-Quebec border. The Case Lake pegmatite swarm consists of five dykes:
1. North Dyke – 12 m thick and > 100 m strike length
2. Main Dyke – 35 m thick and > 350 m strike length
3. South Dyke – 10 m thick and > 250 m strike length
4. East Dyke – 19 m wide and > 1200 m strike length
5. Northeast Dyke – 10 m wide and > 75 m length
Both the North and Main Dykes have spodumene -rich zones (muscovite -K-feldspar-quartz-
spodumene-albite) and albitic aplite border zones. Spodumene is absent in the beryl-type South
Dyke and the potassic pegmatite East Dyke. The Northeast Dyke contains very coarse -grained
spodumene.
Qualified Person
Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure
in this news release. Dr. Selway is a 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 about 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 the Case Lake Property;
filed 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, 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, 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 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 t he 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.