Power Metals Expands Case Lake Property
Power Metals Expands Case Lake Property
VANCOUVER
,
May 19, 2020
/CNW/ -
Power Metals Corp.
("
Power Metals Corp.
" or the
"
Company
") (TSX VENTURE:PWM)(FRANKFURT:OAA1) (OTC:PWRMF) is pleased to announce
that we have staked an additional 107 cell claims to expand our Case Lake Property,
Cochrane
,
northeastern
Ontario
. The staking added 4 additional granitic domes to the Case Lake Property
bringing the total to 14 domes. Each dome has the potential to host Li-Cs-Ta pegmatite dykes close
to surface. The new domes are
Abbotsford
, Joe Creek, Kenning Lake and Circle Lake.
The highlight of the staking is the acquisition of the
Abbotsford
dome in
Abbotsford
township. The
Abbotsford
dome is located on the east end of the 12 km long mineralization trend from West Joe
Dyke to Main Dyke to Northeast Dyke to Dome 9. The
Abbotsford
dome has excellent access with
the Translimit Road next to it as well as several logging trails within in it. The dome also has
abundant outcrop.
"I am pleased with the staking of the
Abbotsford
dome along the Li-Cs-Ta mineralization trend from
West Joe Dyke to Dome 9. We are now looking at a potential 12 km long mineralization trend open
in both directions. The
Abbotsford
dome has the potential to contain Li-Cs-Ta mineralization similar
to the other pegmatite dykes at Case Lake. I look forward to surface mapping of all 4 new domes,"
said Dr. Selway, VP of Exploration.
The Joe Creek dome is located west of the Case Lake Property, and Kenning Lake and Circle Lake
domes are located northwest of the Case Lake Property. The staking of these three domes is part
of Power Metals regional exploration plan. All three domes have excellent road access which include
logging trails. All three domes have abundant outcrop and are topographic highs.
The claims were staked following our exploration model first described in Power Metals press
release dated
Nov. 6, 2017
. The Li-Cs-Ta pegmatites at Case Lake are hosted by biotite tonalite
domes (laccoliths) within the Case Lake Batholith. The dome shape was confirmed by the 2017 drill
program. Main, North, East, South and Northeast spodumene pegmatite dykes are exposed on
surface and are hosted by the Henry Dome (also known as Dome 8). The West Joe Li-Cs-Ta
pegmatite dyke is exposed on surface and is hosted by a new dome (Dome 10). Case Lake
Property had 9 identified domes plus the new dome for West Joe. The new staking adds 4 more
granitic domes to the Case Lake Property. Each of the newly staked domes have the potential to
host Li-Cs-Ta pegmatites.
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
lead 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 were drilling West Joe to target Li mineralization and now want to
change the focus to the Cs mineralization. Power Metals is fortunate that all three commodities (Li-
Cs-Ta) occur in the same pegmatite dyke.
An additional 8 cell claims were staked to connect the Crossover Road to West Joe Dyke. These
claims will give Power Metals the ability to build a shorter access trail about 1.8 km long to West
Joe Dyke as opposed to the current 4.5 km long access trail from the Crossover Road. An
additional 13 claims were staked to connect the Case Lake Property to Dome 7 on Tomlinson Road
for land management.
Figure 1 Geology map of Case Lake showing the location of granitic domes. (CNW Group/POWER
METALS CORP)
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
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 14 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 556 cell claims in Steele, Case, Scapa, Pliny,
Abbotsford
and Challies 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 4 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
different from those implied by such statements. Although such statements are based on
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-
looking statements because the Company can give no assurance that they will prove to be correct.
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 19-MAY-20