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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

Comment by trader53on Mar 20, 2024 11:22pm
86 Views
Post# 35944227

RE:RE:Thoughts on PWM!!

RE:RE:Thoughts on PWM!!Great question my take is they are putting their focus on the Main and West Joe in order to release an MRE this year. I believe that Winsome will immediately move towards a production decision on the main which imo has the potential to host 20 million tons. Winsome has the expertise on how to bring a deposit into production so that would leave our exploration team free to explore the rest of the property. When I read they have encountered stacked zones of coarse grained sopumene I got really excited for two reasons. Firstly stacked zones can add tonnage very quickly like hole 18-84 on the main that intersected 47 meters of 1.5% lithium over three stacked zones. Secondly the geologist responsible for discovering Corvette when asked what he looks for in discovering lithium he said that he looks for coarse grained spoumene and stacked zones as an indicator of potentially large deposits.                                                                                                                                              Its clear at West Joe they are looking for Cesium and Dr. Julie believed that there was a source for these world class high grade intersections. If you look at the mag survey over West Joe it appeared they drilled on the outer fringes of the mag low so i suspect they want to drill a hole right in the center of this low. There is little question that the discovery of a large deposit of high grade cesium would be a Company Maker all by itself. To sum it up I believe Johnathan More is looking to prove up a resource which would cement a value under Case Lake. To date the market is refusing to attach a value even after completing 15k of drilling. My guess is that will change abruptly with drilling results.
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