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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 Nafets10on Aug 31, 2023 12:12pm
285 Views
Post# 35613988

Tempering Expectations for News

Tempering Expectations for NewsHey folks! I just wanted to flag that I think it's unlikely (although possible) we're going to be seeing results of any kind in this news, and also unlikely any drills have been in the ground for any length of time. I could be wrong, but looking at the rough outline of their previous exploration programs shows the following:

"Drilling on the Main, North and South Dykes at Case Lake commenced on August 18, 2017 and spanned for 91 days. The purpose of the drill program was to extend the lithium mineralization in the Main and North Dykes along strike and down dip. The drill program was completed on November 20, 2017."

"Power Metals conducted a geological mapping program at Case Lake from May 1 to Oct. 2, 2018 with the goal of identifying new pegmatite dykes on the Henry Dome (Dome 8) and most of the domes located on the property. (Figure 9-1 and Figure 9-2). Dome 3 was not visited due to streams which block access to it. Results include the discovery of lithium mineralization at Dome 9, discovery of West Joe Dyke and confirmed the presence of spodumene on the East Dyke."

Source: "ASSESSMENT REPORT – SUMMER 2018 MAPPING AND DRILL PROGRAMS CASE LAKE PROPERTY." Cochrane, Northeastern Ontario, Canada. NTS Sheet: 32E04SW

Becuase they said they would be doing geological mapping AND drilling this year, which if we use those as our baseline (not exactly a great sample size I know) we would expect drilling to just be getting under way right around now. They might have results from the prospecting, but I got the impression they were using that to define targets for the drilling.

As I've noted, the fires this year caused travel restrictions in June-July which very likely affected the timeline. The fire wasn't 'ON' PWM's property, but the roads leading to it from Cochrane and other directions were under travel restrictions- check out my post about that for more info!

Anyway, just thought I would chime in. We 'might' see some results from the summer prospecting, but I think people have certain expectations for results and info which I don't think we're going to be seeing until they have the MRE in hand, or nearer to that time.

Just my two cents anyway! I'm waiting on some juicey news just as much as everyone else! A report on Cesium and the military applications is coming down the pipe eventually! I hope you have a great day <3

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