Power Metals Corp V.PWM

Alternate Symbol(s): PWRMF

Metals & Mining Industrial Metals & Minerals

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

Power Metals Corp

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Comment by Risktaker77on Oct 04, 2010 1:15pm

669 Views

Post# 17525763

RE: Insiders still buying..

It's always nice to see management buying up some of their own shares. I've been keeping an eye on this one since they had announced their pp back in March of this year but never bought any shares. They definitely have some interesting properties and the sp has pulled back considerably since it's highs this summer. I picked up some shares today as ALN is trading near its 52 week lows and news from their drilling programs should start coming in the weeks to come. Considering ALN only has approx. 37 million shares outstanding, any sign of good news could easily send this to new highs. A good spec. play for those with the appetite for risk.

Risktaker77

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