Business
Power Metals Corp. Acquires 2 Alberta Petro Lithium Brine Properties With Discoveries From Existing Wells
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is ple
About this update from Power Metals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Power Metals Corp. (\"Power Metals Corp.\" or the \"Company\") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is pleased to announce completion of the acquisition of new lithium brine claim areas totalling 42,000 acres of prime ground in the Drumheller and Peace River areas. Johnathan More, President and CEO stated \"We are very pleased to further expand our asset package in Alberta, with these addtional accretive and strategic projects. The potential for Power Metals to participate with other leading companies like MGX Minerals in providing reliable supply to end users as the technology evolves into a commercial and scaled-up proposition will have an extensive effect on the industry and it is our goal to be at the front-end of this - generating shareholder and stakeholder value.\" Drumheller At Drumheller the surface bedrock geology of the Property is comprised entirely of the Horseshoe Canyon Formation. The target for lithium brines on the Property are the Winterburn Carbonates (the \"Target\"). Lithium values for the Target were noted in three old wells. Of potential interest is an apparent thicking of the Target towards the southeast on the Property as per old well data. PDF.js viewer Thumbnails Document Outline Attachments Layers Current Outline Item Previous Next Highlight All Match Case Match Diacritics Whole Words Color Size Color Thickness Opacity Open Print Save Presentation Mode Current Page Go to First Page Go to Last Page Rotate Clockwise Rotate Counterclockwise Text Selection Tool Hand Tool Page Scrolling Vertical Scrolling Horizontal Scrolling Wrapped Scrolling No Spreads Odd Spreads Even Spreads Document Properties… Toggle Sidebar Find Previous Next Open Print Save Text Draw Tools Zoom Out Zoom In Automatic Zoom Actual Size Page Fit Page Width 50% 75% 100% 125% 150% 200% 300% 400% Enter the password to open this PDF file: Cancel OK File name: - File size: - Title: - Author: - Subject: - Keywords: - Creation Date: - Modification Date: - Creator: - PDF Producer: - PDF Version: - Page Count: - Page Size: - Fast Web View: - Close Preparing document for printing… 0% Cancel Peace River At Peace River, a total of three (3) old wells drilled on the Property have values for lithium brines (mg/L) according to data available from the Alberta Energy Regulator (\"AER\"). Also ac...