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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 Dec 01, 2024 2:14pm
135 Views
Post# 36339693

Am very interested in the last 8 holes!

Am very interested in the last 8 holes! Holes 222 through hole 2025 were drilled to a depth of thirty meters and each hole returned high grade Lithium/ Cesium/Tantalum with some of the best widths we have seen to date. Hole 227 was also drilled to thirty meters and I will be paying close attention to the results from this hole as it appears they have encountered an incredibly rich zone. Hole 229 was the last of the blind stepouts and I donot expect much from this hole. My take is watch for the results of 227 and if it is as rich as 2022 through 2025 this will support that they have discovered a high grade zone with very mineable widths so very close to surface.

What no one is talking about, is the Main. There are six outstanding holes which were the last drilled in this program. What gets my attention here is these were some of the deepest holes to be drilled to date on the main. When PWM announced a quick turnaround for an unexpected additional program (current program) and they included more drilling on the main suggests to me that they really like what they are seeing on the main. I have always maintained that the Main alone has the potential to deliver 20,000,000 tons of high grade lithium with tantalum kickers. Yes lithium price has tanked but my belief even at current pricing due to the Tantalum and the depth of the ore this could be mined very profitably even at current prices. 

Lastly on the Cesium if I am right and they have discovered a super rich zone of all three payable minerals this would explain why they wanted to get back onto the property with another 2000 meters of drilling. Case Lake just keeps on giving and the market has not caught on to the fact that every drill campaign just keeps supporting this will become a district scale World Class Project!
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