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Power Americas Acquires Additional Exploration Permits on the Spirit River Lithium Project
Mar. 16, 2017 08:53AM PST
Battery Metals Investing
Power Americas Minerals (TSXV:PAM) has announced that the province of Alberta has approved Power AMericas’ application for the 100 percent undivided interest in a further six metallic and industrial minerals exploration permits covering six townships in Alberta. As quoted in the press release: These additional six exploration permits are contiguous to the previous four townships …
Power Americas Minerals (TSXV:PAM) has announced that the province of Alberta has approved Power AMericas’ application for the 100 percent undivided interest in a further six metallic and industrial minerals exploration permits covering six townships in Alberta.
As quoted in the press release:
These additional six exploration permits are contiguous to the previous four townships that were acquired by Power Americas in August 2016. Power America’s collective northwestern Alberta land package now has a total of 10 adjoining exploration permits covering more than 90,000 hectares (222,395 acres) or 900 square kilometres. The newly acquired permits contain more than 1000 well sites including more than 200 new and deep-basin wells that were drilled since 2010. The Spirt River project now contains potential access to more than 1900 wells, some of which contain elevated lithium-brine values as documented historically in publicly available Government of Alberta reports. Power America’s exploration focus will include test assaying brine samples from the new, deep-basin wells representing virgin ground that has never been tested for the lithium-in-brine content, signifying a new target of exploration for the Company and its shareholders.
Note: To date, the company and its Qualified Professionals have been unable to verify the historical lithium-brine results and whether the lithium-enriched brine occurs, or extends, into aquifers underlying the Spirit River property.
Power America’s initial Exploration Program (see news release 01-11-17) is underway on the Spirit River Lithium Project. Local area petro-operators have granted access and brine sampling will be collected from approximately 20-30 separate producing wells. The brine samples will be tested for potentially elevated concentrations of lithium and other important elements in brine reservoirs/aquifers underlying Spirit River landholdings. Further results will be released as they become available.
