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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 07, 2024 7:34pm
196 Views
Post# 35975931

First time Chris Evans discloses.

First time Chris Evans discloses.This is the first time that Chris Evans has actually stated that there is a deposit on Case Lake, and this supports my belief that Lithium Royalties were well aware that it was a large enough deposit to put it into production before they bought a 2% royalty. Now it's a matter of drilling out the main to determine the size of the known deposit and then producing an MRE for the main. Also of note is Chris used the 59,000,000 tons as an example when all of us were hoping for an MRE between 15-20 million tons. Also of interest was his admission that the Cesium was drawing a lot of interest at Case Lake and his reference to it being "hot". If what appears to be a 2.2-kilometer cesium corridor does exist, the Cesium by itself would be a company maker. There is absolutely no doubt in my mind if the Cesium is proven up either Canada or the U.S. would immediately commit to purchase the material and because it would be the only cesium producing mine in the World both Ontario and Canada would bend over backwards to fast track it into production.
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