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Power Metals Discovers New Zone Hosting High Grade Spodumene at Surface at Case Lake Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 10, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM) (FRANKFURT:OAA1) (OTC:
About this update from Power Metals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 10, 2017) - Power Metals Corp. (\"Power Metals Corp.\" or the \"Company\") (TSX VENTURE:PWM) (FRANKFURT:OAA1) (OTC:AOUFF) is pleased to announce that prospecting has discovered spodumene in the East Dyke pegmatite on the east side of Case River, 450 m southeast from our current drill program. Power Metals has an 80% interest with its 20% working interest partner MGX Minerals Corp. (CSE:XMG). Historic work on the East Dyke suggested that spodumene was not present on this pegmatite dyke. The East Dyke has a known strike length of 750 m and consists of white K-feldspar-quartz-muscovite pegmatite and garnet aplite similar to the Main Dyke currently being drilled. This is a significant increase in the potential lithium mineralization on the Case Lake Property. Power Metals' VP of Exploration, Dr. Julie Selway, PH.D., P.Geo. discovered the spodumene by peeling back a thick mat of moss off of the outcrop to expose outcrop not previously looked at (Figure 1). The spodumene is fine- to coarse-grained, 0.5 to 6 cm long and locally is up to 10% spodumene (Figure 2). Additional prospecting on the East Dyke will search for more spodumene. Figure 1 East Dyke spodumene pegmatite outcrop. Red flags mark spodumene occurrences. Figure 2 Pale green spodumene crystals next to white K-feldspar in the East Dyke. Power Metals is actively prospecting the 9.0 x 9.5 km Case Lake Property for additional spodumene pegmatites. Prospecting on the northernmost claim next to Translimit Road, 7 km north of current drill program has identified white K-feldspar, quartz muscovite pegmatite dykes hosted by granodiorite similar to the Main Dyke. More prospecting will be done in this area in search of spodumene. Power Metals' ongoing 5000 m drill program on the Main, North and South Dykes continues to intersect significant lithium mineralization. The current drill program has extended the Main Dyke spodumene pegmatite zone over 200 m to the west (and growing) from the historic drilling. The Main Dyke Zone is typically 32-35 m wide and consists of multiple spodumene pegmatite dykes. The Company is currently awaiting assays and will press release as soon as they are processed. Dr. Selway stated \"We are excited by the discovery of spodumene on the 750 m long East Dyke as this has the potential to significantly increase t...