Business
Power Americas Begins Drilling on the Kittson-Cobalt Project
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2018) - Power Americas Minerals Co...
About this update from Edison Lithium Corp.
[{"type":"text","content":"Power Americas Begins Drilling on the Kittson-Cobalt ProjectVancouver, British Columbia--(Newsfile Corp. - January 23, 2018) - Power Americas Minerals Corporation (TSXV: PAM) (\"Power Americas\" or the \"Company\") is pleased to announce it has commenced drilling on their 100% owned Kittson-Cobalt Project located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. A total of 18 holes for 2,000 metres are planned for following up on the results of the fall 2017 ultralight drill program (see news release January 16, 2018). Key Highlights:2,000 m helicopter supported diamond drill program now underway16 holes planned at the historic Shakt-Davis mine2 holes planned on the northern extension of the historic Edison mine Drill holes lengths ranging from 75 to 250 metres will test mineralization both near surface and below historic workingsJeffrey Cocks, President and CEO said: \"The Shakt-Davis mine will be the initial focus, this historic mine is hosted by a relatively wide laterally extensive fracture zone hosted in a diabase dyke. This program which will test both the consistency and depth extent of cobalt mineralization within this structure.\"The fracture zone with hosts the Shakt-Davis mine has returned grab samples up to 3.66% cobalt (see news release October 3, 2017) and 1.62% Co over 0.3 meters in shallow drilling (See news release January 16, 2018). The northern extension of the Edison mine hosts numerous historic trenches which have returned up to 0.49% Co in grab samples (see new release October 3, 2017).About the Kittson-Cobalt Project The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significan...