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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 trader53on Apr 14, 2024 3:01pm
121 Views
Post# 35988329

Dr. Julie known as the Queen of Lithium!

Dr. Julie known as the Queen of Lithium!Dr. Selway stated “I first recognized the potential of Case Lake pegmatites in the summer of 2001 when I visited the Property with the Ontario Geological Survey. Case Lake is a truly impressive property. Dr. Selway stated “We are excited by the discovery of spodumene on the 750 m long East Dyke as this has the potential to significantly increase the lithium mineralization on the Case Lake Property. Dr. Selway, VP of Exploration stated “We are impressed by the widths and grades of the lithium mineralization in the Main Dyke. The tantalum mineralization is a nice extra bonus to the lithium mineralization. Dr. Selway, VP of Exploration stated “The revised exploration model of searching for spodumene pegmatite dykes in tonalite/granodiorite domes has significantly expanded the potential of the property for lithium mineralization. Dr. Selway, VP of Exploration stated “The revised exploration model of searching for spodumene pegmatite dykes in tonalite/granodiorite domes has significantly expanded the potential of the property for lithium mineralization. Dr. Selway, VP of Exploration stated “The discovery of spodumene megacrysts in the two outcrops for the Northeast Dyke indicates that this dyke has high potential to host spodumene mineralization similar to that in the Main Dyke. Dr. Julie Selway, VP of Exploration stated “The discovery of two new dykes between Main and South Dyke suggests that there is more lithium mineralization to be found near the Main Dyke. Dr. Julie Selway states: "We now have several drill holes on the Main Dyke confirming the wide intersections of continuous pegmatite close to surface. This recent discovery can substantially increase the size of our total resource.” Dr. Selway, VP of Exploration stated “We are impressed by the high-grade lithium and tantalum mineralization drill holes PWM-17-33 and 34. Dr. Selway, VP of Exploration stated “The assay highlights for hole 40 are spectacular with 18.0 m of 2.07 % Li2O and I look forward to reviewing the assays for the remaining holes of the drill program. Dr. Julie Selway, VP of Exploration stated, “This is over a 900 meter step out from our previously drilled mineralized Main Dyke and the presence of high grade spodumene in the drill core is spectacular. Dr. Selway, VP of Exploration stated “We are pleased to receive these assays for our 2017 drill program on the Main, North and South Dykes. The 50 hole 5400 m drill program successfully intersected numerous wide high-grade lithium intervals. We will continue drilling this area in the spring as the pegmatite is open in all directions. Dr. Selway, VP of Exploration, stated “The nice thing about Case Lake is that we have so many exploration targets to pick and choose from. I am looking forward to drilling on the two new dykes between the Main and South Dykes. Preliminary drilling at the end of the 2017 drill program intersected spodumene in these new dykes. I can’t wait to follow the new dykes along strike. The potential to find more spodumene pegmatite dykes on the other domes on the property is excellent. Dr. Julie Selway states:”The explorational upside is immense on the property and each drill target can substantially increase the overall resource size that we are building.” Dr. Selway, VP of Exploration, stated “I am thrilled to enter Power Metals’ next phase of large-scale drilling in the coming weeks at Case Lake. The upcoming drill programs are designed to increase known mineralized zones as well as find additional high-grade zones like the one at our Main Dyke. We firmly believe that we have only scratched the surface so far at Case Lake and the exploration upside on the property is immense.” Dr. Selway, VP of Exploration, stated “The discovery of additional lithium pegmatite dykes at step outs of 145 to 740 m from the Northeast Dykes has validated our belief in the lithium mineralization potential of the Henry Dome. We are excited that we have only done geological mapping on one of the nine domes on the Case Lake Property. Ground truthing of the drill targets around the Main Dyke has given us additional confidence for the upcoming drill program.” Dr. Selway, VP of Exploration, stated “The discovery of substantial lithium mineralization on this new dome (Dome 9) is huge for Power Metals. This occurrence proves our theory that spodumene pegmatites are hosted by these dome-like structures. This was the first dome that our mapping team has explored outside of the Henry Dome where all previous work has been done. We have 7 more domes on our 7,136 ha property at Case Lake which we now believe will yield similar results. Additionally, we are excited and ready to commence our previously announced large-scale 15,000 m drill program early next week.” Dr. Selway, VP of Exploration, stated “Power Metals started off the summer drill program with a bang. The longitudinal hole PWM-18-84 with 126.25 m of pegmatite confirmed the continuity of the Main Dyke along strike and down dip for a future resource estimate. The abundance of spodumene seen in the core should result in exciting lithium assays.” Dr. Selway, VP of Exploration stated “Drill hole PWM-18-84 confirmed the continuity of the Main Dyke along strike for a future resource estimate. At the end of 2017, we thought that there were two spodumene dykes between Main and South Dykes. Our summer 2018 drill program has expanded the number of new dykes between Main and South Dykes from two to four dykes. Given the close proximity of these new dykes to the Main Dyke, they add to the future resource of the Main Dyke.”  Dr. Selway, VP of Exploration, stated “I am thrilled that our idea to build a trail and move the drill to the west side of Little Joe Lake has paid off with the discovery of West Joe Dyke. The trail has opened up access to lots more ground to explore. The 1.6 km between the Main Dyke and the West Joe Dyke is a new exploration target for spodumene mineralization. Our Case Lake Property is proving to be a truly amazing asset.” Dr. Selway, VP of Exploration, stated “We are impressed by the abundance of spodumene in the West Joe Dyke and will work on mapping the outcrops around it and the 3.0 km area between the West Joe, Main and Northeast Dykes to explore the extent of the lithium mineralization.” Dr. Selway, VP of Exploration stated “Power Metals geologists have been rewarded by having the nerve to drill where no one had drilled before and where there was no exposed outcrop. Our theory that the East Dyke extended on the west of Case River was proven correct. I am excited about the extension of the East Dyke by 320 m to the west. The East Dyke now has a total strike length of 1.1 km and is open along strike and down dip. It is an excellent exploration target for lithium mineralization.” Dr. Selway, VP of Exploration, stated “The discovery of West Joe Dyke and the subsequent high-grade Li, Ta and Cs assays in drill core has been the highlight of Power Metals 2018 summer drill program. West Joe Dyke is a three commodity pegmatite and there is potential to find more high-grade Li spodumene pegmatite dykes near it. Also, the 3.0 km area between West Joe, Main and the Northeast Dykes is a large exploration target for potentially more spodumene pegmatites.” Thought the board may appreciate some insight why I first got involved with Case Lake and why I believe Case Lake is the prize we are waiting for.
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