Power Metals Intersects World Class High- Grade Cesium up to 24.07% at Case Lake, Rarely Seen in Canada
Power Metals Intersects World Class High-
Grade Cesium up to 24.07% at Case Lake,
Rarely Seen in Canada
VANCOUVER, BC
,
Oct. 13, 2022
/CNW/ -
Power Metals Corp.
("
Power Metals
" or the
"
Company
") (TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce
ongoing drill results from the West Joe Dyke at its 100% owned Case Lake Property in
Cochrane,
Ontario
.
Highlights Include (Table 1):
24.07 % Cs
2
O, 0.63 % Li
2
O, 34.2 ppm Ta over
1.0 m
, 15.0 to
16.0 m
, PWM-22-143
20.36 % Cs
2
O, 2.28 % Li
2
O, 15.7 ppm Ta over
1.0 m
, 14.0 to
15.0 m
, PWM-22-143
22.22 % Cs
2
O, 1.46 % Li
2
O, 25.1 ppm Ta over
2.00 m
, 14.0 to
16.0 m
, PWM-22-143
7.65 % Cs
2
O, 1.45 % Li
2
O, 247.1 ppm Ta over
7.09 m
, 11.96 to
19.05 m
, PWM-22-143
(Figure 1).
1.94 % Cs
2
O, 2.20 % Li
2
O, 466.0 ppm Ta over
8.98 m
, 20.97 to
29.95 m
, PWM-22-144
2.71 % Cs
2
O, 4.75 % Li
2
O, 396.0 ppm Ta over
2.00 m
, 24.00 to
26.00 m
, PWM-22-144
3.66 % Cs
2
O, 1.05 % Li
2
O, 1440.0 ppm Ta over
1.00 m
, 48.00 to
49.00 m
, PWM-22-147
Drilling on the West Joe Dyke has intersected multiple pollucite intervals with up to 24.07 % Cs
2
O at
a shallow depth of
15.00 m
in drill hole PWM-22-143. 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.
SGS
Burnaby, British Columbia
analytical lab was so surprised by the exceptionally high cesium
assays that they assayed the samples multiple times and further sent the samples to SGS
Lakefield,
Ontario
which confirmed the numbers and signed off on the assay certificate. Dr.
Julie Selway
, VP
of Exploration, reassured SGS that the cesium results were to be expected because pollucite was
visible in the drill core.
Dr. Selway states, "The drill core with 24.07 % Cs
2
O over
1.0 m
is the highest and most impressive
cesium assay in properties that I have worked on in my career. One of Power Metals' goals for the
summer 2022 drill program was to follow up on the 14.70 % Cs
2
O over
1.0 m
in drill hole PWM-18-
126 from 2018. The 2022 drilling cesium results have surpassed the 2018 results and has further
confirmed the economic value of the West Joe Dyke."
Chairman & CEO,
Johnathan More
, stated "These cesium high-grade zones have far exceeded our
expectations this early in the game. World leader, Sinomine Resource Group, invested in Power
Metals earlier this year and both parties are excited with these results. Cesium is extremely rare to
find and is currently not being mined anywhere in the world. Historically, it is found in small quantities
and the current mineralization seen at Case Lake is being found near surface. These results along
with reported and ongoing lithium mineralization is creating massive value for this property."
The West Joe pollucite zone has Cs grades similar to that of
Sinclair
cesium mine,
Australia
held by
Essential Metals Limited (ASX: ESS). Pollucite was mined by open pit from the
Sinclair
mine in 2018
(Pioneer Resources Limited, press release dated
Dec. 12, 2018
). There are only two other
commercial cesium mines globally: Tanco mine,
Manitoba
and Bikita mine,
Zimbabwe
. In addition to
the Cs grade, 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,
Ontario
and
United States
governments have labelled all three commodities as critical
metals.
Table 1 Assay highlights for West Joe Dyke, drill holes PWM-22-141 to 147.
BHID
including
From
(m)
To (m)
Length
(m)
Li
2
O
(%)
Cs
2
O (%)
Ta
(ppm)
Rb
(ppm)
PWM-22-141
16.90
20.78
3.88
1.95
0.078
480.5
1156
PWM-22-141
including
17.96
20.00
2.04
2.65
0.099
678.1
1512
PWM-22-142
38.00
41.39
3.39
1.08
0.092
315.2
1957
PWM-22-142
including
39.00
41.00
2.00
1.59
0.089
282.5
1386
PWM-22-143
11.96
19.05
7.09
1.45
7.65
247.1
3043
PWM-22-143
including
14.00
16.00
2.00
1.46
22.22
25.1
4126
PWM-22-143
including
14.00
15.00
1.00
2.28
20.36
15.7
3784
PWM-22-143
including
15.00
16.00
1.00
0.63
24.07
34.2
4468
PWM-22-144
20.97
29.95
8.98
2.20
1.94
466.0
2754
PWM-22-144
including
23.00
28.00
5.00
3.00
3.18
520.3
3300
PWM-22-144
including
24.00
26.00
2.00
4.75
2.71
396.0
876
PWM-22-144
including
26.00
28.00
2.00
2.22
3.04
904.0
2625
PWM-22-145
28.82
33.00
4.18
1.08
0.08
288.0
1726
PWM-22-145
including
28.82
30.00
1.18
1.73
0.08
368.0
1208
PWM-22-145
43.60
44.00
0.40
1.54
1.28
234.0
2533
PWM-22-146
32.97
34.90
1.93
1.18
0.03
454.3
350
PWM-22-147
46.60
52.00
5.40
2.27
0.82
687.9
1149
PWM-22-147
including
47.00
48.00
1.00
3.43
0.07
736.0
1515
PWM-22-147
including
48.00
49.00
1.00
1.05
3.66
1440.0
2126
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, PWM-22-143, West Joe Dyke pegmatite, Case Lake.
(CNW Group/POWER METALS CORP)
The pollucite zone at West Joe differs from the other three global cesium mines in that at West Joe
spodumene is the dominant lithium mineral whereas at the other cesium mines petalite and lepidolite
are the dominant lithium minerals.
The primary use of the cesium mined at Tanco,
Manitoba
is for cesium formate brines used for high
pressure, high temperature well drilling for oil and gas. Cesium bromide is used in infrared detectors,
optics, photoelectric cells, scintillation counters and spectrometers (USGS Mineral Commodity
Summaries 2022). Cesium isotopes are used in atomic resonance frequency in standard atomic
clocks which play a vital role in aircraft guidance systems, global positioning satellites and internet
and cellular telephone transmissions (USGS Mineral Commodity Summaries 2022).
West
Joe Dyke
was discovered for its spodumene (Li) mineralization in
August 2018
. Drilling on the
Dyke lead to the discovery of cesium mineralization in the fall of 2018 with six drill holes intersecting
pollucite in drill core (i.e., PWM-18-111, 112, 116, 123, 124 and 126). The best assay was 6.74 %
Cs
2
O over
5.00 m
, 11.00 to
16.00 m
interval including 14.70 % Cs
2
O over
1.00 m
, 13.00 to
14.00 m
interval from drill hole PWM-18-126 (PWM press release dated
Nov. 13
, 2018). Summer 2022
drilling has intersected pollucite in five drill holes (i.e., PWM-22-128, 143, 144, 145 and 147).
Cesium assays of 6.53 % Cs
2
O, 1.28 % Li
2
O and 324.0 ppm Ta over
1.0 m
were previously
disclosed in a press release dated
Aug. 19, 2022
.
Power Metals 2022 summer drill program is for
5000 m
and over
2700 m
has been completed to
date. This press release reports assays received to date from drill holes PWM-22-141 to 147 on the
West Joe 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 2.
Table 2 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-22-141
576293.31
5431120.57
344.53
170
-45
43.25
PWM-22-142
576291.12
5431131.34
343.70
170
-45
54
PWM-22-143
576316.26
5431108.95
344.50
170
-45
36
PWM-22-144
576314.03
5431119.73
344.50
170
-45
45
PWM-22-145
576311.20
5431132.70
343.47
170
-45
57
PWM-22-146
576308.79
5431142.21
343.51
170
-45
59.5
PWM-22-147
576308.51
5431142.47
343.53
170
-55
75
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 > 10000 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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CNW 03:30e 13-OCT-22