Power Metals Intersects High-Grade Lithium, Cesium and Tantalum Mineralization at West Joe and Main Dykes, Case Lake
Power Metals Intersects High-Grade Lithium,
Cesium and Tantalum Mineralization at West
Joe and Main Dykes, Case Lake
VANCOUVER, BC
,
Aug. 19, 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 high-grade Li, Cs and Ta (Lithium, Cesium and Tantalum) mineralization
on the West Joe Dyke and Li and Ta mineralization on the Main Dyke, Case Lake property,
Cochrane, Ontario
.
Johnathan More
, Chairman & CEO of Power Metals, commented "These fantastic drill results
continue to impress our strong geological team. Drilling is ongoing and we are extremely excited for
the next round of assays to be received from the lab."
The lithium mineralization is mainly spodumene, but also lepidolite at West Joe and is spodumene on
the Main Dyke. Cesium mineralization is pollucite at West Joe and Ta mineralization is Ta-oxides at
West Joe and Main Dykes.
Assay highlights on West Joe Dyke include (Table 1):
1.11 % Li
2
O (lithium), 2.15 % Cs
2
O (cesium) and 365.46 ppm Ta (tantalum) over
6.84 m
,
PWM-22-128 (Figure 1)
1.28 % Li
2
O, 6.53 % Cs
2
O and 324.0 ppm Ta over
1.0 m
, PWM-22-128
1.75 % Li
2
O, 0.06 % Cs
2
O and 221.0 ppm Ta over
1.0 m
, PWM-22-129
1.74 % Li
2
O, 0.01 % Cs
2
O, 197.0 ppm Ta over
0.79 m
, PWM-22-130.
Table 1 Assay highlights for West Joe Dyke, drill holes PWM-22-128 to 131.
Drill Hole
Including
From (m)
To (m)
Length
(m)
Li2O
(%)
Cs2O
(%)
Ta
(ppm)
PWM-22-128
17.56
24.40
6.84
1.11
2.15
365.46
PWM-22-128
including
19.00
22.00
3.00
1.33
4.42
232.13
PWM-22-128
including
19.00
20.00
1.00
1.73
4.90
88.40
PWM-22-128
including
21.00
22.00
1.00
1.28
6.53
324.00
PWM-22-128
including
22.00
23.00
1.00
0.71
0.68
831.00
PWM-22-129
23.88
25.84
1.96
0.40
0.05
287.14
PWM-22-129
41.00
42.00
1.00
1.75
0.06
221.00
PWM-22-130
40.73
41.73
1.00
0.05
0.02
1487.00
PWM-22-130
54.21
56.00
1.79
1.36
0.03
174.09
PWM-22-130
including
54.21
55.00
0.79
1.74
0.01
197.00
PWM-22-131
62.60
63.63
1.03
0.77
0.03
53.10
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close
to true width.
Figure 1 - Pollucite-spodumene-Ta-oxides West Joe Dyke pegmatite, Case Lake (CNW
Group/POWER METALS CORP)
Drill hole PWM-22-131 intersected biotite-rich metasedimentary host rock with elevated Li, Rb and
Cs contents from 45.89-
47.30 m
,
1.41m
interval with 0.49 % Li2O, 3094 ppm Rb and 0.47 % Cs2O.
This metasomatized host rock can be used as a pathfinder to locate blind pegmatites on the
property.
Assay highlights on Main Dyke include (Table 2):
1.71 % Li
2
O and 240.77 ppm Ta over
12.0 m
, PWM-22-132 (Figure 2)
1.20 % Li
2
O and 218.68 ppm Ta over
19.0 m
, PWM-22-133.
Table 2 Assay highlights for Main Dyke, drill holes PWM-22-132 and 133.
Drill Hole
Including
From (m)
To (m)
Length
(m)
Li2O
(%)
Ta
(ppm)
PWM-22-132
11.00
25.00
12.00
1.71
240.77
PWM-22-132
including
15.00
24.00
9.00
1.99
273.36
PWM-22-133
39.00
59.00
19.00
1.20
218.68
PWM-22-133
including
40.00
41.00
1.00
2.81
74.30
PWM-22-133
including
56.00
58.00
2.00
2.49
146.50
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close
to true width.
Figure 2 - Spodumene pegmatite, Main Dyke, drill hole PWM-22-132. (CNW Group/POWER
METALS CORP)
Power Metals' 2022 summer drill program is for
5,000 m
and over
2,000 m
has been completed to
date. This press release reports assays received to date from drill hole PWM-22-128 to 131 on the
West Joe Dyke and drill holes PWM-22-132 and 133 on the Main Dyke. The purpose of each drill
hole was to infill on known mineralization to aid in a future resource estimate.
Drill hole collar coordinates are given in Table 3.
Table 3 West Joe and Main Dyke, Case Lake drill hole collar coordinates. NAD 83, Zone 17. Trimble DGPS survey with 2 cm
accuracy in the horizontal.
Drill Hole
Easting (m)
Northing (m)
Elevation
(m)
Azimuth
(
°
)
Dip
(
°
)
Length
(m)
PWM-22-128
576303.19
5431120.71
344.48
170
-45
42
PWM-22-129
576301.01
5431131.20
343.99
170
-45
52
PWM-22-130
576296.52
5431156.87
341.39
170
-45
75
PWM-22-131
576295.62
5431166.32
339.45
170
-45
87
PWM-22-132
578235.18
5431690.26
347.46
150
-45
111
PWM-22-133
578184.92
5431705.06
344.34
150
-45
177
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. The ore grade Cs
2
O% was prepared by acid digestion with
analysis by AAS with a detection limit of 0.01 % Cs. 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 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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For further information:
Power Metals Corp., Johnathan More, 515-401-7479,
CO: POWER METALS CORP
CNW 08:00e 19-AUG-22