Power Metals to Commence Aggressive Drill Program ON HARD ROCK Lithium Properties
POWER METALS TO COMMENCE AGGRESSIVE DRILL PROGRAM ON HARD ROCK
LITHIUM PROPERTIES
VANCOUVER, BRITISH COLUMBIA – (April 24th, 2017) - Power Metals Corp. ("Power Metals Corp." or
the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is pleased to announce the upcoming drill and
work programs for the Company’s hard rock lithium properties. “This is a very busy time for Power
Metals as we are now entering an exciting period of work and drilling which can very quickly prove up
the value of our assets. Additionally, we will be providing shareholders with further details on the
recently announced Plan of Arrangement to Spin-Out the hard rock assets and the upcoming work
programs on our petro-lithium assets,” comments Johnathan More, Chairman of Power Metals.
Case Lake
Case Lake spodumene pegmatite swarm is located 80 km east of Cochrane, northeastern
Ontario. Case pegmatite swarm consists of five dykes exposed on surface: North, Main, South,
East and Northeast Dyke. North, Main and Northeast Dykes contain spodumene. North Dyke is
has > 100 m strike length, Main Dyke has > 350 m strike length and the Northeast Dyke has > 75
m strike length.
Power Metals summer 2017 exploration program on the Case Lake Property will consist of
~5000 m of drilling of approximately 50 drill holes. The drilling will target the North and Main
Dykes to define the pegmatite and lithium mineralization and to extend the dykes to the east
and west along strike and down dip (Figure 1). There is 100 m of surface exposed strike length
for the Main Dyke that has not yet been drill tested. The Company 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.
Power Metals has an Exploration Plan on Case Lake Property approved by MNDM and has
submitted an Exploration Permit application with MNDM for the Case Lake drill program.
In addition to the exploration targets of extension of the North and Main Dykes, there are other
exploration targets to be investigated on the Case Lake Property (Figure 1):
• 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. The East Dyke is the down faulted
continuation of the South Dyke.
• The Far East Dyke is an underexplored pegmatite outcrop which is along the same strike
as the North and Main Dykes.
• The Metasedimentary host rock Li anomaly target along strike to the east of North and
Main Dykes
• Northeast Dyke with historical assay of > 2.15 % Li2O
Figure 1 Case Lake Exploration Targets
Paterson Lake Property
The Paterson Lake Property is located 75 km north of Kenora, northwestern Ontario. The
Paterson Lake Property is located within the Separation Lake Greenstone Belt which hosts the
Separation Rapids Pegmatite Field. The Separation Rapids Pegmatite Field is known to contain
numerous petalite pegmatites including the Big Whopper, Big Mack and Marko’s pegmatites.
Power Metals summer 2017 exploration program on the Paterson Lake Property will consist of
geological mapping, trenching and channel sampling to investigate the approximately 50
pegmatite exposures on the Property and the westerly extension of the Marko’s pegmatite
onto Power Metals Property. The geological mapping will also follow the three parallel 70°
trends of known petalite pegmatite dykes in search of additional dykes. The geological mapping
will be followed by 800 m of drilling for approximately 8 drill holes on selected overlapping ten
lithogeochemistry and six enzyme leach soil anomalies historically identified but barely
explored.
Gullwing- Tot Lake Property
The Gullwing – Tot Lake Property is located 30 km northeast of Dryden, northwestern Ontario.
The Property consists of multiple pegmatite dykes including: Gullwing Lake spodumene
pegmatite swarm, Tot Lake spodumene pegmatite, Coates beryl-molybdenite pegmatite hosted
by the Wabigoon Greenstone Belt and about 15 Rb-Cs pegmatite exposures hosted by granite
located in the Drope township area. The Gullwing Lake pegmatite swarm consists of a cluster of
over 20 spodumene pegmatites identified in outcrop along the southeastern shore of Gullwing
Lake. The largest pegmatite in the swarm is the Sleeping Giant Pegmatite is at least 415 m long.
Tot Lake pegmatite is a spodumene-subtype pegmatite which is almost 50 m long. Tot Lake
pegmatite is one of the few pollucite occurrences in Ontario indicating a very high degree of
fractionation.
Power Metals summer 2017 exploration program on the Gullwing – Tot Lake Property will
consist of geological mapping, trenching and channel sampling to investigate the multiple
pegmatite dykes on the Property. The geological mapping will also explore the possibility of
additional pegmatites being found over the 5 km between the Gullwing Lake pegmatite swarm
and the highly-fractionated Tot Lake pegmatite. The geological mapping will be followed by
1,000 m of drilling for approximately 8 drill holes on selected exploration targets.
About Power Metals Corp.
Power Metals Corp is one of Canada's newest premier mining companies with a mandate to explore,
develop and acquire high quality mining projects for minerals contributing to power. We are committed
to building an arsenal of projects in both lithium and other clean power fuels. We see an unprecedented
opportunity to supply the staggering growth of the lithium battery industry.
ON BEHALF OF THE BOARD,
Johnathan More
Johnathan More, Chairman and Director
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
Power Metals Corp.
Johnathan More
Chairman and Director
646-661-0409