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Power Group Projects Corp. Announces Board of Directors for Subsidiary
Power Group Projects Corp. Announces Board of Directors for Subsidiary Canada News...
About this update from Power Group Projects Corp.
[{"type":"text","content":"\n\n\n\nPower Group Projects Corp. Announces Board of Directors for Subsidiary\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 5, 2019\n\n\n\nTSX V PGP, Pink Sheets CBBWF\n TORONTO, March 5, 2019 /CNW/ - Power Group Projects Corp. (\"Power Group\") (TSX V PGP) is pleased to announce the following changes; the portfolio of cobalt assets will now be held in a 100 % wholly owned subsidiary named Cobalt Power Group Ltd. (Cobalt Power) The subsidiary will be guided by its own Board of Directors. \n\n \n \n\n \nThe Board of Directors of Power Group have named Brian Stecyk, with a strong experience in small-cap company management as well as a background in in corporate communications. Glenda Kelly, a current director, corporate secretary of Power Group (see press March 12, 2018) is also appointed as board members of Cobalt Power to provide stewardship for the continued Cobalt exploration program in 2019. \nThe Company is now reviewing Cobalt Power proposals regarding planning the 2019 exploration season for its cobalt assets. The proposal includes significant work to be done this season: \nThe 2019 exploration plan will be announced but includes identifying targets from Helicopter-borne magnetometer and VLF:  A total of 3653.1 line-km of survey was flown by Eagle Geophysics. The survey covered all of the Cobalt area properties not included in the 2016 survey and also included the Blueberry and Little Trout Lake properties. The final report was received on October 25 and is currently being interpreted by renowned geophysicist, Blaine Webster of Golden Mallard Corp. Field observations from mapping and sampling at the historic McMahon showing have been very encouraging. There is renewed excitement in area centering around increased exploration of diamond kimberlites (DeBeers) and the airborne data review includes an extra layer of interpretation of the geological data.The Company would like to announce the resignation of Mr. Chris Healey, P.Geo and VP Exploration from the Board of Directors. Mr. Healey was instrumental in leading th...