Power Metals Commences Drilling at Case Lake

Power Metals Corp. (" Power Metals " or the " Company ") (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTC: PWRMF) is pleased to announce that drilling has commenced in the West Joe Dyke area on the Company's 100% owned Case Lake Property, 80 km east of Cochrane . Power Metals is currently fully-funded for 20,000 meters of drilling. Phase one of the program will consist of 5,000 meters and comprise of approximately 50 shallow drill holes on the Case Lake Property focusing on the lithium-cesium-tantalum (Li-Cs-Ta) West Joe Dyke (Figure 1). The objective of the drill program will be to expand the Li-Cs-Ta mineralization previously discovered at West Joe during the 2018 drill program. The West Joe Dyke will be tested along strike and down dip, as it is currently open in all directions. Spodumene (Li ore) and Ta-oxide minerals occur in outcrop on the surface of the West Joe Dyke and pollucite (Cs ore) was intersected in drill core. Li-Cs-Ta are all on Canada's and Ontario's Critical Minerals list.

Johnathan More , Chairman & CEO of Power Metals commented, "We are very excited to be back drilling again. We have assembled a world class team that will assist in the exploration and drilling. This will be a very busy summer for the Power Metals team and the drilling will hopefully prove up and show the world the immense uncovered value we see in our Case Lake Property."

Case Lake Li-Cs-Ta Property is a three-commodity property with Lithium (Li), Cesium (Cs) and Tantalum (Ta) mineralization in the form of spodumene, pollucite and Ta-oxide minerals. West Joe pegmatite dyke is unique in that it is one of the few cesium-rich pegmatites in the world. There are only three deposits that have been globally mined for cesium: Tanco, Manitoba , Sinclair, Australia and Bikita, Zimbabwe , however the cesium supply has been depleted in each of these deposits at a time when the global demand for cesium is rising.


Case Lake

Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane , NE Ontario close to the Ontario - Quebec border. The Property is 10 km x 9.5 km in size with 14 identified tonalite domes. 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. Case Lake Property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division. The Case Lake Property is owned 100% by Power Metals Corp.

Qualified Person

Julie Selway , Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites. A National Instrument 43-101 report has been prepared on Case Lake Property and filed on July 18, 2017 .

About Power Metals Corp.

Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. Learn more at www.powermetalscorp.com


Johnathan More , Chairman & CEO

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

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States , or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering.  These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com .

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

Figure 1 Case Lake domes and mineralization trend (CNW Group/POWER METALS CORP)


Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2022/21/c6845.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Ion Energy (TSXV:ION)

Ion Energy

Keep reading...Show less
White Cliff Minerals

Lake Johnston South Lithium Project Review Confirms High Prospectivity

White Cliff Minerals Limited (White Cliff or the Company) is delighted to update shareholders on its 100% owned Lake Johnston South Lithium project.

Keep reading...Show less
Phase 2 HMW Offtake Process Advances

Phase 2 HMW Offtake Process Advances

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it is advancing offtake partnering process for Phase 2 production (Offtake Process) for its 100% owned Hombre Muerto West (HMW) Project (HMW Project or the Project) in Catamarca Province, Argentina.

Keep reading...Show less
Charger Metals

Assays up to 4.2% Li2O Confirm New Spodumene Pegmatites at Lake Johnston

Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to announce that assay results from rock chip samples from a newly discovered pegmatite outcrop have confirmed high grade lithium up to 4.2% Li2O at the Lake Johnston Lithium Project, Western Australia.

Keep reading...Show less

Livent's Gilberto Antoniazzi to Speak at Deutsche Bank Lithium Battery Supply Chain Conference

Livent Corporation (NYSE: LTHM) today announced that Gilberto Antoniazzi chief financial officer, will speak at Deutsche Bank's 8 th Annual Lithium Battery Supply Chain Conference, being conducted virtually on Wednesday, December 6, 2023 at 8:00 a.m. ET .  Live access will be available on the Livent Investor Relations website and via the following link: Livent Fireside Chat .  A replay of the event will also be available on the Livent Investor Relations website and via the same link for a period of 30 days.

Livent Corporation (PRNewsfoto/Livent Corporation)

About Livent

For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The Company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,350 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States , England , China and Argentina . For more information, visit Livent.com .

Media contact: Juan Carlos Cruz +

Investor contact: Daniel Rosen +

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/livents-gilberto-antoniazzi-to-speak-at-deutsche-bank-lithium-battery-supply-chain-conference-301999725.html

SOURCE Livent Corporation

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News