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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 Nov 02, 2024 2:39pm
125 Views
Post# 36293787

The decision to drill more?

The decision to drill more?I am certainly far from an expert on drill results, but I did take math in school and as a result was able to note that the latest assays demonstrated that the zones are indeed getting wider. The geologist from Seeking Alpha used the terms "Drowning in Pollucite" and my interpretation of his writing was the extreme fractionation on West Joe should lead to multiple zones of cesium.
One should also note that on Rock Stocks September 26 interview with Haydn where he was asked about whether PWM would keep drilling in order to build on their reserves at West Joe or put their effort into moving Case Lake into production. His answer was clear that PWM was focused on moving this world class resource into production in a 12-to-18-month period. Two weeks later in their October 7 news release they announced, and I quote: "Due to these spectacular numbers the Company has planned for an additional 2,500 meters of drilling once remaining assays have been received." One can only conclude that they must really like what they are seeing in the cores that lead to the decision to do an about face and do more drilling. My guess is they are waiting for the assays to confirm what the XRF has indicated which would be more cesium.
Here is where it gets very interesting. If you tie what the Seeking Alpha geologist believes to be true with the abrupt decision to do more drilling based on the results and the visuals has PWM arrived at the belief that West Joe has the potential to become the largest Cesium Resource in history? Patiently awaiting the next set of assays and the next round of drilling.
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