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Pacific North West Capital Announces Assays, up to 4.33% Lithium Oxide on the Lithium One Project, Southeast Manitoba
(via TheNewswire) -Samples from the Silverleaf Pegmatite yielded assays up to 4.33% Li...
About this update from New Age Metals Inc
[{"type":"text","content":"Pacific North West Capital Announces Assays, up to 4.33% Lithium Oxide on the Lithium One Project, Southeast Manitoba(via TheNewswire)\n \n \n\n\n-Samples from the Silverleaf Pegmatite yielded assays up to 4.33% Li2O, 2.08% Rb2O and 0.04% Ta2O5\n\n\n\n-Numerous other Pegmatites and Pegmatitic Granite sites sampled\n\n\n\n-Drilling slated for early 2017\n\n\n\n\n \nDecember 8th, 2016 / TheNewswire / Vancouver, British Columbia - Pacific North West Capital Corp. (\"PFN\" the \"Company\") (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received the assay results of its Phase One Exploration Review of the Lithium One Project. \n\n \n \nThe Lithium One Project (April 21st, 2016 News Release) is located 125 kilometres northeast of Winnipeg, Manitoba, in the Cat Lake-Winnipeg River Pegmatite Field. This Pegmatite Field is host to the world-class Tanco Pegmatite, which has been mined since 1969. Historically, the project area is known for the presence of numerous surface Pegmatites, of various dimensions and compositions. \n\n \n \nThe Company carried out a Phase One Exploration Program, whereby several of the known Lithium-bearing Pegmatite were prospected and sampled, including the Greer Lake Pegmatitic Granite. The purpose of the exploration program was to obtain modern-day assay analyses of the Pegmatites and to ground proof the historic Pegmatite locations. Numerous Pegmatites and Pegmatite swarms were not sampled, due to access difficulties and will be prospected at a later time.\n\n \n \nThe Silverleaf Pegmatite is a zoned complex Lithium-bearing Pegmatite, with a surface exposure of approximately 80 metres x 45 metres. It was the largest Pegmatite reviewed. Samples taken from the Lepidolite-Spodumene Zone yielded assays from 1.30% to 2.43% Li2O, 0.15% to 2.08% Rb2O and 104 ppm to 447 ppm Ta2O5. This zone is approximately 50 metres x 20 metres in size and extends into a historic excavated open pit. The open pit originates from the late 1920s, when a bulk sample of Spodumene was mined from the southwest side of the Silverleaf Pegmatite. Large scale mining operations were not undertaken at the time, due to changes in the market conditions and commodity prices. A sample from the historically mined Spodumene rock pile returned values up to 4.33% Li2O. \n\n \n...