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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 06, 2024 1:20am
145 Views
Post# 36211156

The LCT factor.

The LCT factor.You are so right the market is missing the fact that Case Lake could very well become the lowest cost battery metal mine in North America for two reasons. Firstly, the majority of the reserves are very near surface and secondly every ton of rock dug up will yield three payable minerals. Although PWM has not talked about production their actions support that they are indeed derisking a production decision. A. The Company initiated their second archaeological study and will shortly commence surface water sampling programs at Case Lake in collaboration with Apitipi Anicinapek Nation in the region. The second archeological study is part of our ongoing commitment to working with the First Nation community to identify any areas of significance prior to exploration or disturbance being conducted. B) The Company has also engaged a Timmins, ON based environmental consultancy company to facilitate a two-day training program with members of the Apitipi Anicinapek Nation who will conduct bi-annual water sampling at Case Lake as part of baseline studies. C) Pioneer Exploration Consultants of Ottawa completed the previously announced high-resolution drone-based magnetic survey at Case Lake. A total of 944 km was completed with the low-level, high-resolution magnetic data that was collected at 25-meter line spacing. The survey covered high-priority target areas that occur on the main Case Lake mineralization corridor that extends from Dome Nine in the East to West Joe in the West. D) Add to this metallurgy and structural studies and you have to know these actions are all related to derisking a production decision. Hopefully we will see an MRE by year end and the fact that PWM are saying that the mineralized corridor does run from Dome Nine to West Joe we are talking a 10 kilometer strike length which supports the potential for huge tonnage. GLTA
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