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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. 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 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst .


TSXV:PWM - Post by User

Post by Nafets10on Jul 11, 2023 4:06pm
184 Views
Post# 35536205

Tanco Mine- Increasing Cesium Demand

Tanco Mine- Increasing Cesium DemandVery interesting to see Sinomine exploring options to get the remaining resources out of the support pillars at the Tanco Mine with a specific eye towards the Cesium.

https://www.cbc.ca/news/canada/manitoba/sinomine-tanco-expansion-manitoba-1.6897808

It will be interesting to see how that situation plays out given the rocky geo-political situation at this time- pun intended. If the Canadian government decides to get involved in a similar fashion to Power Metals and impedes or restricts their expansion in that location, the importance of an alternate source of Cesium becomes that much more important.

This reaffirms to me why this could be a strong prospect, if the summer's drilling program can establish an economic quantity of Cesium on the property. It really does come down to the results of the drill program.

An added bonus is that the forest fire situation has also significantly de-escalated as COC007 to the east of the property has been redesignated to 'being held' from 'out of control' with rain forecast in the near future for the Cochrane area. Given the prevailing wind direction and the location of the access roads, this wasn't an immediate risk to Power Metals Corp, but definitely unnerving to have a 37000 hectare fire burning nearby.

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