ePower Metals Inc. Reports Cobalt, Gold and Copper Results from Panther Creek Cobalt Project, Idaho and Announces Winter Program

ePower Metals Inc. (the “Company” or “ePower”) (TSXV:EPWR) announces results of its fall exploration program at Panther Creek Cobalt Project located in the Idaho Cobalt Belt in Lemhi County, Idaho.

ePower Metals Inc. (the “Company” or “ePower”) (TSXV:EPWR) announces results of its fall exploration program at Panther Creek Cobalt Project located in the Idaho Cobalt Belt in Lemhi County, Idaho. Assays for 14 rock samples range from trace to 0.37% Co, and 0.014 to 19.3 g/T Au. 797 soil samples range from 4.7 to 355 ppm Co and have been received and highlights are reported below.
Highlights include:
Cobalt oxide and gold in outcrop (Figure 1 below)
0.37% Co, 3.10 g/T Au and 1.75% Cu over 5’ (1.5m) chip/channel sample quartzite,
0.27% Co, 19.3 g/T Au and 2.4% Cu over 1’ (0.3m) in oxidized quartz vein/gossan
0.23% Co, 0.22 g/T Au and 0.70% Cu over 2’ (0.6m) in biotite rich quartzite
0.002% Co, 4.15 g/t Au and 0.29 % Cu over 3’ (0.9m) in oxide stained quartz veining
0.002% Co, 5.95 g/t Au and 0.35% Cu over 3’ (0.9m) in oxide stained quartz veining with biotite
Delineation of two parallel soil anomalies which, (Figure 2 below)
intersect historic working on Long Dyke and Sweet Repose and
trend towards the Blackbird mine to the west along the Panther Creek trend
Reconnaissance mapping confirmed the presence of widespread cobalt-copper mineralization including erythrite in stratiform and vein-type occurrences
Michael Collins, President & CEO stated “These results demonstrate the robust nature of the mineralization on the Panther Creek trend and confirm our geological and exploration models as we search for the next cobalt deposit in the Idaho Cobalt Belt. The high gold grades in outcrop are also seen in the Ram and Blackbird deposits and indicates we are on the right track to discovery.”
“ePower is committed to creating significant shareholder value by putting together a high-quality property portfolio of cobalt projects that the Company believes are undervalued, strategically positioned and have the potential to provide future supply to the growing rechargeable battery sector.”
Winter Program
ePower is permitting a sampling and structural mapping program for both the Sweet Repose Adit, and Long Dyke Adit. Given the high grade gold values returned from outcrop samples, the pulp splits from the fall soil sampling program have been sent for gold assay. This work will help define drill targets below the two adits and will refine our exploration model for the Panther Creek Trend. Additional soil and outcrop sampling is planned to fully cover the Panther Creek project as soon as weather permits. This information will be integrated with the results presented here and used for targeting geophysical surveys and drilling.
The Panther Creek claims are contiguous with eCobalt Solution Inc.’s Ram deposit where a recently completed feasibility study outlined a Measured and Indicated Resource of 3.44 million tonnes grading 0.59% cobalt and 0.73% copper, (http://www.ecobalt.com/project/technical-reports).
The Panther Creek Cobalt Property
ePower has earned a 50% interest in the Panther Creek Cobalt Property and has the right to earn up to a 100% interest. The property comprises 156-lode mining claims totalling 3,060 acres and a 41.297-acre mining lease located in the heart of the Idaho Cobalt Belt. For full details on the property transaction please see the Company’s news release dated October 24, 2017 or ePower’s website at www.epowermetals.com.
Located in the Blackbird Mining district Lemhi County Idaho, the property is contiguous with the claims of eCobalt Solution’s (“eCobalt”) and their Ram cobalt-copper-gold mine. There are several historic mine workings both on the Long Dike patent claims and around the Sweet Repose Adit which form a linear trend that ends at the historic Blackbird Mine. A historic mine adit on the property was channel sampled by US Geological Survey and returned 1.04% cobalt and 4.14% copper across 10 feet or 3.04 metres (US Geol. Survey, Open File Report 98-478).
Surface sampling on the property by Utah Mineral Resources LLC returned values from trace to 0.91% cobalt and 3.63% copper and 0.74% cobalt and 0.27% copper. The cobalt-copper mineralization is hosted in the micaceous quartzites of the Apple Creek Formation which is a similar geological setting as the historic Blackbird Mine as well as eCobalt’s Ram Mine.
Idaho Cobalt Belt
The Idaho Cobalt Belt trends northwest-southeast for nearly 37 miles in east-central Idaho. Included within this belt are numerous historic mines and prospects of the centrally located Blackbird district and deposits of the Iron Creek area at the southeast end (U.S. Geological Survey, 2010). The Idaho Cobalt Belt contains the largest known cobalt resources in the United States and is important because it represents a stable and environmentally sustainable source of cobalt. eCobalt is developing the Idaho Cobalt Project, located to the west of the Panther Creek Cobalt Project in the Blackbird district. eCobalt has just completed a Feasibility Study with a Measured and Indicated Resource of 3.44 million tonnes grading 0.59% cobalt and 0.73% copper, (http://www.ecobalt.com/project/technical-reports).
The Company’s fall exploration program was conducted under contract by Brewer Exploration and Geological Services, Inc. of Salmon, Idaho and was conducted by, or under the direct supervision of Brian Brewer, Certified Professional Geologist and a Qualified Person, as defined by NI 43-101. The soil and rock samples were delivered under chain of custody to the ALS Laboratory in Reno Nevada. As an early stage exploration program, the company has relied on internal ALS laboratory standards and blanks for QA/QC. Samples were processed and analyzed for cobalt, copper and 46 other elements using the 4-acid digestion and ICP analytical procedure, (ICP AES with Au 30g gravimetric finish for over limits).
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
For further information, please contact:
ePower Metals Inc.
Suite 501 – 525 Seymour Street
Vancouver, BC, Canada V6B 3H7
Telephone: (604) 764-7094
Website: www.epowermetals.com

Figure 1 Rock Samples with cobalt and gold assays
Figure 1 Rock Samples with cobalt and gold assays

Figure 2 Panther Creek soil sample locations with cobalt contour values
Figure 2 Panther Creek soil sample locations with cobalt contour values

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
We seek safe harbor.

Source: www.newsfilecorp.com

Featured
Highlights: Detailed engineering and procurement at Jervois’s 100%-owned Idaho Cobalt Operations in Idaho, United States are substantially advanced with commitments for approximately 75% of all equipment and material required for construction. Mine development has advanced to over 136 feet on the west portal and 100 feet on the east portal, critical progress required to establish underground mining infrastructure. ...

(TheNewswire)

Jervois Global Limited

Highlights:

read more Show less
TheNewswire - 15 November 2021 - Jervois Global Limited advises that Chief Executive Officer Mr. Bryce Crocker and Chief Financial Officer Mr. James May will participate in the UBS Australasia Conference on Tuesday, 16 November 2021 and the Precious Metals Summit Europe to be held virtually on Monday, 15 November and Tuesday, 16 November 2021. The Precious Metals Summit Europe will include a Company presentation to ...

(TheNewswire)

Jervois Global Limited

TheNewswire - 15 November 2021 - Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) advises that Chief Executive Officer Mr. Bryce Crocker and Chief Financial Officer Mr. James May will participate in the UBS Australasia Conference on Tuesday, 16 November 2021 and the Precious Metals Summit Europe to be held virtually on Monday, 15 November and Tuesday, 16 November 2021.

read more Show less
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, announced that Dr. Peter Hancock, a mining industry executive with more than 30 years of experience overseeing nickel mining operations, developing and commercializing process ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX:S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, announced that Dr. Peter Hancock, a mining industry executive with more than 30 years of experience overseeing nickel mining operations, developing and commercializing process technologies, and ramping up nickel projects, has been appointed to Sherritt's Board of Directors effective today.

read more Show less
text saying "top stories this week"

Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.

Top Stories This Week: Powell Gets Fed Nomination, Using Gold in a Market Correction youtu.be

We're back after a break last week with quite a bit to cover in the gold space.

After running up past the US$1,860 per ounce mark midway through November, the yellow metal has taken a tumble. At the time of this writing on Friday (November 26) afternoon, it was sitting just under US$1,790.

Gold's losses this week have been attributed to elements like a stronger US dollar and better Treasury yields, although Jerome Powell's US Federal Reserve chair renomination has pulled other factors into play — some market watchers believe he may move to taper and raise interest rates faster than anticipated.


If the Fed follows its previously laid out timeline for tapering, it will wrap up in mid-2022; the central bank has said it won't raise rates until after that. It has also emphasized that its roadmap may change if necessary.

Looking at the larger picture for gold, I heard recently from Nick Barisheff of BMG Group, who believes the stock market is due for a major correction.

"The market is due for a major correction. What will cause it and when it will happen is anybody's guess — it could be tomorrow, it could be six months from now" — Nick Barisheff, BMG Group

It's impossible to know when this correction will happen, but Nick emphasized the importance of acting before it's too late. He pointed out that investors are typically slow to get out of the market once a crash actually begins — they wait for a turnaround, and by the time it's clear there won't be one, they've experienced big losses.

In his opinion, the solution is to get out of the stock market early and transfer money into gold.

Here's how Nick explained it:

"Instead of taking your money off the table and going into cash … you go to gold (because cash is devaluing daily). Gold will at least hold its own and probably appreciate … so by sitting it out in gold you can wait until the market finishes correcting and then buy back in" — Nick Barisheff, BMG Group

With gold's future in mind, we asked our Twitter followers this week what price they think the metal will be at the end of 2021. By the time the poll closed, most respondents had voted for the US$1,800 to US$1,900 range.

We'll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

Finally, in the cannabis space, INN's Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares to get his thoughts on 2021 trends and what's ahead in 2022.

Dan was candid, and said if he had to choose one word to describe the cannabis market in 2021, it would be "painful." Like many others, he's been disappointed in the industry's performance — while positivity initially ran high due to excitement about potential federal changes in the US, ultimately progress has been slow.

"Cannabis started with a big run-up in January and February ... and things dragged from there" — Dan Ahrens, AdvisorShares

Still, Dan has hope for 2022 and said it will be a "huge year" for cannabis. He believes US reforms will come sooner rather than later, and in his opinion those widely anticipated changes will bring a wave of M&A activity.

Specifically, he expects to see alcohol, tobacco and other consumer packaged goods companies making deals with cannabis players, not just cannabis entities doing transactions with each other.

"Those big alcohol companies, tobacco companies, other consumer packaged goods product companies — they're waiting. They're waiting on the US" — Dan Ahrens, AdvisorShares

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

cannabis plant layered with German flag graphic
Dmytro Tyshchenko / Shutterstock

Catch up on some of the biggest news of the week for the cannabis investment world.

Three political parties have formed a coalition in Germany, leading to a new government, and it has promised cannabis reform in the European nation.

Meanwhile, a popular cannabis retailer confirmed consumers will now find its products available for delivery on the Uber Eats mobile application in Ontario.

Keep reading to find out more cannabis highlights from the past five days.


Coalition of parties promises forward-looking cannabis policy

Germany, a country with comprehensive and elaborate medicinal rules for cannabis, is in a time of transition as a new government is set to begin to take over after 16 years of Angela Merkel.

Olaf Scholz, the proposed next chancellor of Germany, leads a three party coalition that will become the country's governing body. As part of its promises, talk of adult-use cannabis regulation has now gained even more momentum. A report from MJBizDaily quotes a German policy document that shows the coalition's stance:

"We are introducing the controlled distribution of cannabis to adults for consumption purposes in licensed shops. This controls the quality, prevents the transfer of contaminated substances and guarantees the protection of minors."

However, despite the promise and excitement, it remains to be seen how these ideas will be applied since no formal regulations have been drafted or approved yet.

Canadian cannabis retailer partners with popular delivery app

Tokyo Smoke, a cannabis retail operator in Canada owned by Canopy Growth (NASDAQ:CGC,TSX:WEED), announced a collaboration agreement with Uber Canada (NYSE:UBER) whereby cannabis consumers will be able to use the Uber Eats app to order products before they visit stores.

While the app won't let consumers get cannabis delivered to them, this new method opens the doors to more dynamic ways of buying cannabis.

"As a market leader in innovation and a platform used by so many Canadians, we believe this is the ideal next offering that can be done safely and conveniently on the Uber Eats app," Mark Hillard, vice president of operations with Tokyo Smoke, said in a press release.

A report from the Canadian Press indicates Ontario is considering allowing dispensaries to have delivery and pickup options made available to consumers permanently. The province allowed some of these purchasing options at the outset of the COVID-19 pandemic, but then removed them.

Lola Kassim, general manager of Uber Eats Canada, said this new end-to-end experience will provide consumers with responsible access to legal cannabis products.

Cannabis company news

  • Organigram Holdings (NASDAQ:OGI,TSX:OGI) issued financial results for its Q4 2021 period. In its report, the company notes a net loss of C$26 million despite a 22 percent uptick in net revenue to C$24.9 million. Beena Goldenberg, the newly appointed CEO of the firm, is encouraged by the market share position earned by the company, which said it became the fourth biggest producer in Canada during the reporting period.
  • Halo Collective (NEO:HALO,OTCQB:HCANF) confirmed the decision for Akanda, its spinoff company focused on international cannabis opportunities, to begin trading on a US exchange. "The number of shares to be offered and the price range for the proposed offering have not yet been determined," the company told investors in a press release.
  • High Tide (NASDAQ:HITI,TSXV:HITI) announced the acquisition of 80 percent of NuLeaf Naturals, a CBD product wellness developer, for an estimated US$31.24 million. The deal includes a three year option clause for High Tide to complete a total acquisition. "As international markets open up and as export regulations evolve, NuLeaf's cGMP-certified facility positions us to take advantage of the global CBD business opportunity," Raj Grover, president and CEO of High Tide, said.
  • Humble & Fume (CSE:HMBL,OTC Pink:HUMBF) released the financial report for its first 2022 fiscal quarter to shareholders and the market. "As the legal cannabis market in North America continues to mature, Humble remains agile and focused on providing a leading solution for brands to scale quickly and retailers to focus on their customers," Joel Toguri, CEO of Humble, said.

Don't forget to follow us @INN_Cannabis for real-time updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

MARKETS

Markets
TSX21125.90-487.28
TSXV944.05-31.53
DOW34899.34-905.04
S&P 5004594.62-106.84
NASD15491.66-353.57
ASX7279.30-128.00

COMMODITIES

Commodities
Gold1792.600.00
Silver23.130.00
Copper4.29-0.18
Palladium1751.490.00
Platinum955.500.00
Oil68.17-10.22
Heating Oil2.09-0.29
Natural Gas5.49+0.43

DOWNLOAD FREE REPORTS