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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 Jul 09, 2024 11:20am
190 Views
Post# 36124440

Thoughts on news release

Thoughts on news releaseThis is an awesome news release on so many fronts. Firstly it obviously comes from the Winsome Camp as the detail is thorough and there is much happening behind the scenes. Look at the map guys the blue targets are priority one and are detailed from Dome9 right through to West Joe. That is 7 kilometers. My guess is this is the same dyke system found on the main. If I am right we are not talking 20,000,000 tons we are talking much larger than that. Dr. Julie believed that there would be multiple deposits discovered on Case Lake giving it the potential to deliver a district scale resource. ARCHEOLOGICAL SURVEY AND WATER SAMPLING PROGRAM AT CASE LAKE. This to is very suggestive that PWM is already pre-planning a clear path to production. JM talked about the interest in Case Lake at fast markets while Chris Evans noted from fast markets that they have now had three meetings with potential strategic partners from Japan and South Korea. My take is PWM will do a deal with a strategic partner and as a result will launch an aggressive drilling program involving multiple rigs. Why do I think this? This is typical Chris Evans who believes in being thorough pre-drilling then when warranted extremely aggressive. Feeling very confident. Just my opinion.
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