Post by
trader53 on Oct 12, 2024 2:39pm
Thoughts on potential of Case Lake
1) The Company has engaged Pioneer Exploration, an Ottawa based company that specializes in drone geophysics to complete a total of 915 km survey lines that will be flown at 25-meter line spacing. The survey will cover target areas on the main Case Lake mineralization corridor that extends from Dome Nine in the east to West Joe in the west and will enable finer detection of pegmatite targets hosted at or near low magnetic signatures.
2) Southern Geosciences Consultants (“SGC”) of Perth, Australia completed a geological review of Power Metals’ historical and recent exploration data that enabled the development of an updated structural and lithological model for the property. In addition, SGC identified thirteen untested Lithium-Cesium-Tantalum (“LCT”) pegmatite prospective target areas, which the Company plans to follow-up with field exploration and drilling during its summer 2024 field season. From these two studies PWM were able to identify 13 priority one targets between Dome Nine, the Main and West Joe with a strike length of 4.6 kilometers. These targets have matching signatures to already drill proven high grade LCT's near surface.
Here is Dr. Julie's comments from 2018 on the potential for the ground between the Main and West Joe. Dr. Selway, VP of Exploration, stated "West Joe spodumene pegmatite is located 1.6 km southwest of the western edge of the Main Dyke and 3.0 km southwest of the Northeast Dyke. West Joe, Main and Northeast Dykes occur along a SW-NE trend. As the spodumene mineralization is the same in all three dykes and the dykes are along the same trend, the 3.0 km area between West Joe, Main and the Northeast Dykes is a large exploration target for potentially more spodumene pegmatites."
If these mineralized Dykes run from Dome Nine through the Main and onto West Joe, you can start talking 50 million tons plus of high-grade Lithium near surface on top of the Cesium. Based solely on the signatures of the priority one targets they appear to do just that. Based on what Evans, Haydn and JM have said the interest in Case Lake is ever growing from multiple Global Companies and Countries. This IMO is setting up the perfect storm for PWM and I fully expect that by end of quarter one 2025 PWM will have a Strategic Partner.
Now lets talk about the 17 priority two targets which are coincidently attached to the 11 other Domes on Case Lake. Dr. Julie turned her attention to the Domes at the end of 2017 which became her new geological model that the Domes were associated with the mineralization. With that in mind Julie acquired every Dome on Case Lake bringing the total number of Domes to 14. She stated back in 2018 and I quote, "We firmly believe that we have only scratched the surface so far at Case Lake and the exploration upside on the property is immense.” This is why I keep saying Case Lake is the prize and in time the market will recognize the value. Have a great weekend all!
Comment by
VercrusseC on Oct 13, 2024 4:48am
I wonder how much PWM would be worth knowing that Rio Tinto paid 6.7 billion for Arcadium. Supposse even half of the 50 million tons of Lithium is there as a side product of the Cesium. I find it very exiting .... Always wondering if I shouldb't buy more shares
Comment by
frewil11 on Oct 13, 2024 6:31am
Not to mention the Tantalum also.