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POWR Lithium Completes Phase 1 Drilling at Halo Project
VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF) (“POWR” or the “Company”),
About this update from Powr Lithium Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF) (“POWR” or the “Company”), a mineral exploration and development company focused on American lithium deposits, is pleased to provide a summary of recent activities related to its Halo Project near Tonopah, Nevada. Highlights Recent two-million-dollar ($2M) financing provides year-end impetus and launchpad for 2024. Company completed 884 meters in 4 HQ core holes across the project area. Adjoining property activities, results, and investments provide encouragement. The Halo Project consists of ninety-eight (98) mineral claims located in Nevada’s Esmeralda and Nye counties, is considered prospective for claystone-hosted lithium mineralization. Optimistic announcements regarding exploration and development on adjacent properties (see below) to the north and southwest of the Halo Project have fueled enthusiasm for regional lithium exploration activities in the area. Figure 1 - POWR Lithium Halo Property and Adjacent Projects Drilling at Halo was conducted by Falcon Drilling of Carson City, Nevada (https://falcon-drilling.com/). The equipment is designed and manufactured by Falcon and has been proven at numerous projects both domestically and internationally. The highly mobile platform allows for on-site adjustments and target location revisions based on downhole results and initial assessment by the project supervisor in consultation with the POWR exploration team leaders. Drilling at Halo commenced on October 31 and was completed on November 13. Hole depths ranged from 153.6 to 245.4 metres and all holes traversed a thick sequence of finely laminated claystone and siltstone. Logging, cutting and sampling were conducted by POWR’s technical team at their logging facility in Tonopah. A total of 490 samples (including internal QAQC) were retrieved by American Assay Laboratories and delivered to their analytical facilities in Sparks, Nevada. Initial results are expected shortly and will be announced in due course. Figure 2. Finely laminated claystone at 221.13 to 224.03 metres, Drill Hole No. HALO-002-23. Immediately to the north (Figure 1), and directly adjacent to Halo, American Lithium (Market Cap US$246M) published a positive preliminary economic assessment (PEA) for its TLC Project with a base case ...