News!! Power Metals drills 26 m of 1.94% Li2O, 323.75 ppm TaCASE LAKE DRILLING INTERSECTS 1.94% LI2O AND 323.75 PPM TA OVER 26.0 M
Power Metals Corp.'s drill holes have intersected, for assays received to date, three impressively wide high-grade lithium (Li) and tantalum (Ta) mineralized intervals for the main dike at Case Lake, east of Cochrane, Ont.
PWM-17-08: 1.94 per cent Li2O (lithium oxide) and 323.75 parts per million Ta over 26.0 metres
PWM-17-09: 1.23 per cent Li2O and 148.0 parts per million Ta over 16.0 metres
PWM-17-10: 1.74 per cent Li2O and 245.96 parts per million Ta over 15.06 metres
Lithium grades are up to 3.29 per cent Li2O over 1.0 metre in PWM-17-08 in the quartz core with coarse-grained pale green spodumene.
Drill hole collar locations are given in Power Metals' press release dated Sept. 21, 2017. Assay highlights for assays over 0.9 per cent Li2O, holes PWM-17-01 to PWM-17-12, are given in the attached table.
While the focus of Power Metals' exploration team is lithium mineralization in the form of spodumene, Case Lake pegmatites have an extra bonus of high-grade tantalum mineralization in the form of tantalum oxide minerals. PWM-17-08 has 2.50 per cent Li2O and 1770.0 parts per million Ta over 1.0 metre. The high-grade lithium and tantalum mineralization in the main dike is present in the intermediate zones and quartz core with coarse-grained pale green spodumene. According to the Metalary.com website: "Tantalum is sold as tantalite ore from which the metal can then be extracted. The starting point for negotiations is $123.61 (U.S.) per kilogram." The most important function of the metal is in the manufacture of electrolytic capacitors for the electronics industry and is ideal for mobile phones, personal computers, DVD players, video game systems and automotive electronics. Tantalum assays above 200 parts per million are generally considered to be ore grade.