Business
Power Metals Corp. Enters United States Petro Lithium Market with Lisbon Valley, Utah Acquisition
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is ver
About this update from Power Metals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Power Metals Corp. (\"Power Metals Corp.\" or the \"Company\") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is very pleased to announce that it has acquired the Coyote Project (the \"Project\") located in the Lisbon Valley area in the Paradox Basin, Utah. The Project includes 150 placer mineral claims covering an area of 3,000 acres and inclusive of lithium brine mineral rights, on trend and adjoining to the north, the Lisbon Valley oil and gas field, where historic lithium brine content has been reported as high as 730 parts per million lithium (Superior Oil 88-21P). Johnathan More, CEO of Power Metals noted, \"We are extremely excited to have been able to position the company in the Lisbon Valley, as a starting point. As we roll out our plan, we intend to deploy increased resources towards the building of a petro lithium portfolio in the United States including but not limited to the acquisition of oil field assets, lithium brine, oil wells and associated infrastructure.\" 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 More continued, \"Structurally, the Coyote Project is situated down dip from an existing oilfield and within a geosyncline basin feature which could represent a fluid trap for migrating brine fluids. The property lies entirely within a zone identified by the United States Geological Survey (USGS) to contain 40% plus TDS (total dissolved solids) within the Pennsylvanian brine aquifers (USGS Report 196...