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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 Sep 03, 2023 1:50pm
198 Views
Post# 35618127

Does history repeat?

Does history repeat?On August 16 2017 PWM announced drilling had commenced at Case Lake. Between August 16 and Dec 15 PWM there were a total of 12 news releases. In 2018 while drilling Case Lake there were 36 news releases. History doesn't always repeat but it is a great indicator of what to expect! For those that doubt JM's promotional abilities I would suggest you go back and review the the frequency of news releases from August 16 2017 through December 2018.

The nice thing about lithium and cesium exploration is spodumene and pollucite is very visible and estimable in the core and on surface and JM was not at all shy about sharing these visuals with the market. My guess is lack of news will soon be swamped by continuous news as PWM begins its largest ever exploration program run by a very capable VP of Exploration. This program unlike the previous is not based solely on PEGS at surface as a great place to drill. This time Mr. Biens has used the new school tech tools that gives him a picture of what is happening beneath the surface. The mag images clearly delineate that corridors do indeed exist beneath the surface which suggest the lithium tantalum and cesium may indeed be continuous between multiple dykes.

Is there some risk with this exploration program? Of course there is and that risk is PWM comes up empty. IMO the odds of not expanding the mineralization are very very low but investors will have to decide that for themselves. My guess is the news is about to start flowing this week and will give all enough info to decide if they want to give up their seat on the Lithium Bull Train. GLTA
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