Business
Power Metals Corp. Confirms Lithium Grades Up to 3.24% at Case Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is very
About this update from Power Metals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2017) - Power Metals Corp. (\"Power Metals Corp.\" or the \"Company\") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is very pleased to announce that it has completed the re-sampling and re-evaluation of Case Lake Drill Core from the 2001 and 2010 drilling seasons. A total of 7 historic drill holes totaling 508.76 m from Platinova's 2001 drill program were relogged and resampled by Caracle Creek Jan. 19-23, 2017. These holes were drilled on 5 sections across Main and North Case Pegmatite Dykes on claim 1213780. Drill Hole Rock Type Dyke Composite from (m) Composite to (m) Weighted average (Li2O%) Length (m) Including DDH-1 spod peg Main Dyke 8.00 14.50 1.43 6.50 DDH-1 spod peg Main Dyke 10.27 11.45 2.34 1.18 including DDH-1 spod peg Main Dyke 22.70 33.00 1.98 10.30 DDH-1 spod peg Main Dyke 25.00 31.73 2.31 6.73 including DDH-2 spod peg Main Dyke 38.00 40.55 1.93 2.55 DDH-2 spod peg Main Dyke 44.00 47.30 1.20 3.30 DDH-2 spod peg Main Dyke 49.05 50.00 0.88 0.95 DDH-2 qtz-mus peg Main Dyke 55.90 57.00 0.73 1.10 DDH-4 qtz-feld-mus peg North Dyke 14.80 15.44 0.67 0.64 DDH-4 qtz-feld-mus peg North Dyke 18.00 19.00 0.55 1.00 DDH-4 spod peg Main Dyke 41.86 47.00 1.28 5.14 DDH-4 spod peg Main Dyke 43.32 45.00 2.56 1.68 DDH-5 spod peg Main Dyke 44.00 45.95 2.73 1.95 DDH-5 spod peg Main Dyke 46.57 56.00 1.37 9.43 DDH-5 spod peg Main Dyke 46.57 47.40 2.23 0.83 including DDH-5 spod peg Main Dyke 53.05 56.00 2.36 2.95 including DDH-6 spod peg Main Dyke 47.00 47.55 1.57 0.55 DDH-6 spod peg peg dyke 61.92 62.22 0.77 0.30 \"We are very pleased with these results, but not surprised - we came into the Case Lake with an appreciation of the quality of the asset. That said, the validation and confirmation going into our upcoming drill program in addition to the recent on-site and regional data compilation program has re-inforced the team's confidence in the perceived dimension and grade of this anomalous body, which stands out as a potentially robust commercial pegmatite across a global spectrum. The project adds a strong fundamental profile to our current portfolio of projects with exciting upside potential through conventional and unconventional processing methods,\" stated Johnathan More, Chief Executive Officer...