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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 08, 2022 11:17am
172 Views
Post# 34587893

Case Lake is the perfect project!

Case Lake is the perfect project!Located in Ontario this project has a trifecta of rare earths and the drills will be turning soon. There is a rumor that rebates of up to 50% of exploration costs for lithium projects will be availiable in 2022. Its obvious that finally Canada is getting serious about supporting Lithium exploration. BC have a similar program up to 30% rebates on early stage metal exploration programs so it makes sense. This could be huge for PWM who already enjoys very low drilling costs. Wll the 10,000 meter program be expanded to 20,000 meters? They were poised in 2018 to begin preparing a maiden resource and I fully expect that post drilling in 2022 we can look forward to a maiden resource report. GLTA
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