Power Metals Corp V.PWM

Alternate Symbol(s): PWRMF

Metals & Mining Industrial Metals & Minerals

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

Power Metals Corp

<< Previous

Bullboard Posts

Next >>

Post by trader53on Mar 09, 2024 2:17pm

167 Views

Post# 35924607

Thoughts on PWM!!

 					Watching for news in the next couple of weeks as I suspect that they will have visuals on the first 3-4 holes. In 2017 & 2018 PWM was reporting visuals on a consistent basis so I suspect if they encounter any decent widths of pegs with approximate % of spodumene they will be announced. What I am really hoping for would be uncovering stacked zones of pegs with spodumene as this would build tonnage very quickly. If through deep drilling, they discover more stacked zones like 18-84 which hit 120 meters of pegs from surface delivering a total of 47 meters of 1.5% over three zones the Main alone would have the potential of 20,000,000 + tons. The other thing to watch for is drilling on West Joe where they encounter extremely high-grade cesium in pollucite which is very rare. Dr. Julie believed there is a source feeding these 1-2-meter extremely high-grade pollucite veins and based on the mag survey it appears the holes were drilled into the outer fringes of the mag low so a couple holes into the center of the mag low or at depth could uncover the source. The other possibility is we all know how aggressive Winsome is when it comes to exploration and any news release that involves moving multiple rigs onto Case Lake would also be a very bullish catalyst suggesting excitement over what they are seeing in the core. Now having read my bullish case if we don't get visuals or additional rigs in the next 45-60 days, I would have to assume that to they have not encountered any additional visual zones which in my estimation would raise some red flags. GLTA
 					0
 					less than a minute ago