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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

Bullboard Posts
Comment by BILLMINERon Mar 28, 2014 4:29pm
377 Views
Post# 22383927

RE:RE:No News Yet

RE:RE:No News Yet
Yes, dont expect news too quickly. They may have one hole completed by now. 20 holes to drill and could be all varying depths. Two condusctors and you never know where the sweet spot is in them. With each hole they get a handle on geology etc, patience is the key here. Would you want a company to report blank holes? Of course not. It sometimes takes  many holes to eventually hit the discovery hole, if there is one. The Derksen corridor has had an interval of .24 % U over 2.5 m previously, yes not a big hit but it shows that uranium mineralization  can be there. I do like the offset structure they are drilling nearby, this is very important in this camp. Fission reports mention offset structures often and their importance for deposition of uranium. Just my two cents worth.
Bullboard Posts