Power Metals Intersects 20.25 % cesium over 1.0m and 3.10% lithium over 2.0m at Case Lake
Power Metals Intersects 20.25 % cesium over
1.0m and 3.10% lithium over 2.0m at Case
Lake
VANCOUVER, BC
,
Nov. 30, 2022
/CNW/ -
Power Metals Corp.
("
Power Metals
" or the
"
Company
") (TSXV: PWM) (FRANKFURT:OAA1) (OTCQB:PWRMF) is pleased to announce that
drill holes have intersected lithium (Li), cesium (Cs) and tantalum (Ta) mineralization with 20.25 %
Cs
2
O, 1.29 % Li
2
O and 147 ppm Ta over
1.0 m
in drill hole PWM-22-150 in the West Joe Dyke,
Case Lake property,
Cochrane, Ontario
. High-grade Li-Ta mineralization was also intersected: 3.10
% Li
2
O, 0.09 % Cs
2
O and 841 ppm Ta over
2.0 m
in drill hole PWM-22-149.
West
Joe Dyke
is a three-commodity pegmatite with lithium (Li), cesium (Cs) and tantalum (Ta)
mineralization. The Ta mineralization occurs in the aplite border zone, the spodumene zone and the
pollucite zone. The Li mineralization occurs in the spodumene zone and the pollucite zone. The
spodumene ranges in colour from pale green to white to pink to purple in the spodumene zone. The
Cs mineralization occurs in the pollucite zone as a pod in the center of the West Joe Dyke.
Lithium assay highlights on West Joe Dyke include (Table 1):
3.10 % Li
2
O, 0.09 % Cs
2
O and 841 ppm Ta, 25.0 –
27.0 m
,
2.0 m
interval, PWM-22-149
(Figure 1)
2.88 % Li
2
O, 1.31 % Cs
2
O and 682 ppm Ta, 20.0 –
22.0 m
,
2.0 m
interval, PWM-22-149
2.64 % Li
2
O, 0.08 % Cs
2
O and 730.6 ppm Ta, 24.59 –
27.32 m
,
2.73 m
interval, PWM-22-149
2.56 % Li
2
O, 0.08 % Cs
2
O and 348 ppm Ta, 26.72 –
27.0 m
,
0.28 m
interval, PWM-22-156
Cesium assay highlights on the West Joe Dyke include (Table 1):
20.25 % Cs
2
O, 1.29 % Li
2
O and 147 ppm Ta, 31.0 –
32.0 m
, 1.0 interval, PWM-22-150
(Figure 2)
7.93 % Cs
2
O, 0.52 % Li
2
O and 129 ppm Ta, 22.0 –
22.67 m
,
0.67 m
interval, PWM-22-149
6.14 % Cs
2
O, 0.60 % Li
2
O and 150 ppm Ta, 18.0 –
18.70 m
,
0.70 m
interval, PWM-22-148
5.78 % Cs
2
O, 1.86 % Li
2
O and 522 ppm Ta, 32.0 –
33.0 m
,
1.0 m
interval, PWM-22-156
5.72 % Cs
2
O, 1.94 % Li
2
O and 862 ppm Ta, 27.76 –
32.0 m
,
4.24 m
interval, PWM-22-150
Tantalum assay highlights on the West Joe Dyke include (Table 1):
1613 ppm Ta, 1.53 % Li
2
O and 3.69 % Cs
2
O, 29.0 –
30.0 m
,
1.0 m
interval, PWM-22-156
1422 ppm Ta, 0.72 % Li
2
O and 0.03 % Cs
2
O, 34.53 –
35.0 m
,
0.47 m
interval, PWM-22-152
1156 ppm Ta, 2.30 % Li
2
O and 1.33 % Cs
2
O, 28.0 –
31.0 m
,
3.0 m
in interval, PWM-22-150
(Figure 2)
Figure 1 Aplite and spodumene zones, including coarse-grained green spodumene, West Joe Dyke,
Box 6, PWM-22-149. (CNW Group/POWER METALS CORP)
Figure 2 Aplite, spodumene and pollucite zones, including purple spodumene, West Joe Dyke, 26.8 –
34.88 m, PWM-22-150. (CNW Group/POWER METALS CORP)
Table 1 Assay highlights from spodumene and pollucite zones, West Joe Dyke, drill holes PWM-
22-148 to 162.
Drill hole #
including
From
(m)
To
(m)
Length
(m)
Li
2
O
(%)
Cs
2
O
(%)
Ta
(ppm)
PWM-22-148
15.85
18.70
2.85
1.35
1.69
195.89
PWM-22-148
including
18.00
18.70
0.70
0.60
6.14
150.00
PWM-22-148
19.41
22.82
3.41
1.36
0.28
190.25
PWM-22-149
19.65
22.67
3.02
2.11
2.63
494.88
PWM-22-149
including
20.00
22.00
2.00
2.88
1.31
682.00
PWM-22-149
including
22.00
22.67
0.67
0.52
7.93
129.00
PWM-22-149
23.26
23.89
0.63
0.68
4.23
641.00
PWM-22-149
24.59
27.32
2.73
2.64
0.08
730.60
PWM-22-149
including
25.00
27.00
2.00
3.10
0.09
841.00
PWM-22-150
27.76
32.00
4.24
1.94
5.72
862.33
PWM-22-150
including
28.00
31.00
3.00
2.30
1.33
1156.00
PWM-22-150
including
31.00
32.00
1.00
1.29
20.25
147.00
PWM-22-151
30.55
35.81
5.26
0.97
0.44
433.31
PWM-22-151
including
31.00
32.00
1.00
1.54
0.09
571.00
PWM-22-151
including
33.00
34.00
1.00
1.11
2.05
758.00
PWM-22-151
42.05
42.33
0.28
1.41
0.67
225.00
PWM-22-152
32.34
33.40
1.06
1.20
0.03
434.00
PWM-22-152
34.53
35.00
0.47
0.72
0.03
1422.00
PWM-22-153
46.20
49.20
3.00
1.24
0.06
358.91
PWM-22-153
including
47.00
48.77
1.77
1.45
0.06
354.59
PWM-22-154
49.73
50.84
1.11
1.58
0.05
195.00
PWM-22-155
62.63
63.63
1.00
0.58
0.37
2.70
PWM-22-156
including
26.72
27.00
0.28
2.56
0.08
348.00
PWM-22-156
26.72
34.07
7.35
1.44
1.87
571.61
PWM-22-156
including
29.00
30.00
1.00
1.53
3.69
1613.00
PWM-22-156
including
31.00
32.00
1.00
2.02
0.04
59.10
PWM-22-156
including
32.00
33.00
1.00
1.86
5.78
522.00
PWM-22-157
35.94
37.00
1.06
0.88
0.03
899.00
PWM-22-160
no significant values
PWM-22-161
32.81
37.00
4.19
0.84
0.02
334.65
PWM-22-161
including
32.81
34.00
1.19
1.81
0.03
361.00
PWM-22-162
no significant values
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close to true width.
Table 2 Assay highlights from aplite zones, West Joe Dyke, drill holes PWM-22-148 to 162.
BHID
From
(m)
To
(m)
Length
(m)
Li
2
O
(%)
Ta
(ppm)
PWM-22-150
32.00
34.88
3.88
0.07
331.35
PWM-22-152
35.00
36.00
1.00
0.24
294.00
PWM-22-152
44.10
44.63
0.53
0.06
532.00
PWM-22-153
31.11
32.05
0.94
0.24
518.00
PWM-22-153
34.38
34.85
0.47
0.02
221.00
PWM-22-153
51.00
52.00
1.00
0.09
190.00
PWM-22-154
31.47
31.80
0.33
0.03
255.00
PWM-22-154
53.00
54.00
1.00
0.01
161.00
PWM-22-157
35.94
40.00
4.06
0.42
469.69
PWM-22-157
53.00
54.00
1.00
0.06
326.00
PWM-22-158
60.49
60.73
0.24
0.02
231.00
PWM-22-159
69.65
70.08
0.43
0.01
164.00
PWM-22-161
35.00
36.00
1.00
0.42
612.00
PWM-22-161
37.00
37.66
0.66
0.03
168.00
PWM-22-161
48.03
50.26
2.23
0.03
267.84
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close to true width.
This press release discloses cesium mineralization in drill holes PWM-22-148, 149,150, 151 and
156. Pollucite is the only ore mineral of Cs. The West Joe pollucite zone is characterized by
secondary lepidolite (Li) and muscovite along fractures in massive white pollucite. The pollucite zone
is enclosed within the inner intermediate zone consisting of coarse-grained pale green spodumene
(Li), coarse-grained white K-feldspar enriched in Rubidium (Rb), and Ta-oxide minerals.
In addition to the Li-Cs-Ta grades, West Joe has the advantages that the pollucite has shallow
depths of less than
50 m
below surface and road access to make it easy for future extraction.
Another advantage of West Joe is that it has three economic commodities in the same zone: lithium,
cesium and tantalum. Canadian, Ontarian and
United States
governments have labelled all three
commodities as critical metals.
Dr. Selway is pleased to announce high grade Li-Cs-Ta mineralization as a result of additional drilling
on the West Joe Dyke at Case Lake as a follow up on Power Metals press releases dated
August
19
and
Oct 13, 2022
. Power Metals has now intersected the pollucite zone at West Joe in 16 drill
holes showing its continuity, consistency and predictability. West
Joe Dyke's
easy access, shallow
depth and three commodities makes it ideal for future extraction. West Joe is proving to be just as
valuable as the Main Dyke at Case Lake.
Power Metals 2022 summer drill program is for
5,000 m
and over
2,700 m
has been completed to
date. This press release reports assays received to date from drill holes PWM-22-148 to 162 on the
West Joe Dyke. The purpose of each drill hole was to infill on known mineralization to aid in a future
resource estimate and to explore to expand known mineralization.
Drill hole collar coordinates are given in Table 3.
Table 3 West Joe, Case Lake drill hole collar coordinates. NAD 83, Zone 17. Trimble R2 GPS
survey with 2 cm accuracy in the horizontal.
Drill Hole
Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(◦)
Dip
(◦)
Length
(m)
PWM-22-148
576325.46
5431113.69
344.68
170
-45
36
PWM-22-149
576323.85
5431119
344.46
170
-45
42
PWM-22-150
576321.4
5431132.43
343.4
170
-45
51
PWM-22-151
576319.95
5431139.08
343.12
170
-45
52.5
PWM-22-152
576319.35
5431142.5
342.48
170
-45
66
PWM-22-153
576319.25
5431142.9
342.66
170
-55
66.5
PWM-22-154
576319.22
5431143.17
342.79
170
-65
81
PWM-22-155
576305.28
5431164.42
339.21
170
-45
86
PWM-22-156
576331.36
5431127.52
343.98
170
-45
48
PWM-22-157
576328.12
5431148.63
341.89
170
-45
81
PWM-22-158
576326.91
5431170.97
337.17
170
-45
90
PWM-22-159
576332.81
5431180.61
336.31
170
-45
136
PWM-22-160
576321.75
5431185.3
335.43
170
-70
161
PWM-22-161
576328.43
5431140.78
342.07
170
-45
60
PWM-22-162
576120
5431199
341
170
-45
111
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 prepared
at SGS Garson and analyzed at SGS
Burnaby, British Columbia
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 Quality Control review of the standards, blanks and core
duplicates indicated that they all passed. The ore grade Cs
2
O% for > 10,000 ppm Cs was prepared
by alkaline metal digestion with analysis by FAAS with a detection limit of 0.002 % Cs. Ore grade
cesium was analyzed by SGS
Lakefield, Ontario
which also has ISO 17025 certification.
Case Lake Property
Case Lake Property is located 80 km east of
Cochrane
, northeastern
Ontario
close to the
Ontario
-
Quebec
border. Case Lake Property consists of 585 cell claims in Steele, Case, Scapa,
Pliny,
Abbotsford
and Challies townships, Larder Lake Mining Division. 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. The Case Lake Property is owned 100% by Power Metals Corp.
A National Instrument 43-101 Technical Report has been prepared on Case Lake Property and filed
on
July 18, 2017
.
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.
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 & CEO
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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CO: POWER METALS CORP
CNW 08:30e 30-NOV-22