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Power Americas Due Diligence Sampling on Newly Acquired Kittson-Cobalt Project Claims Returns up to 0.97% Cobalt
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2017) - Power Americas Minerals C...
About this update from Edison Lithium Corp.
[{"type":"text","content":"Power Americas Due Diligence Sampling on Newly Acquired Kittson-Cobalt Project Claims Returns up to 0.97% CobaltVancouver, British Columbia--(Newsfile Corp. - December 19, 2017) - Power Americas Minerals Corp. (TSXV: \"PAM\") (\"Power Americas\" or the \"Company\") is pleased to announce the results of sampling and mapping which formed part of the Company's due diligence on newly acquired claims to the southwest of the core Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. The due diligence work consisted of reconnaissance geological mapping and prospecting with a total of 106 samples collected from historic workings, waste rock piles and bedrock. This work encountered anomalous cobalt mineralization in numerous undocumented workings (pits, shafts and trenches) over approximately three-kilometer strike length located in Nipissing diabase, similar to the mineralization at the Shakt-Davis mine. Significant samples collected are listed below in Table 1. and the locations of all samples are shown in Figure 1.Table 1. Due Diligence Sampling Highlights.Sample NumberCo wt. %Au g/tAg g/tCu wt.%Ni wt. %Pb wt. %468907 0.050.070.60.020.010.01468959 0.170.150.70.000.010.01468960 0.140.121.10.010.010.03468961 0.080.0334.60.600.012.18468962 0.100.030.90.430.010.01468970 0.040.023.01.680.020.03469114 0.970.183.30.990.080.01469159 0.090.020.80.100.020.05 Figure 1. Sample locations. To view an enhanced version of this graphic, please visit:http://orders.newsfilecorp.com/files/3852/31419_pam-19dec2017.jpgThe Company recently announced (see PAM news release 11-22-17) the acquisition of an additional 100% interest in 10 unpatented mining claims totaling 140 units having a combined area of approximately 2,240 hectares. Eight of the new claims are contiguous to Power America's Kittson property located in the Coleman, Kittson and Brigstocke Townships of the Larder Lake Mining Division, in Northeastern Ontario. Two of the new claims are approximately 5 km south of the Kittson properties southern boundary. Closing of the above transaction is subject to receipt of all required documentation and final approval of the TSX Venture Exchange.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-Kitts...