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Power Americas Minerals Corp.
Summary
| Project: | Kittson-Cobalt | |
|---|---|---|
| Deposit: | Shakt-Davis | |
| Location: | Canada | |
| Commodities: | Cobalt-Gold-Silver-Copper-Nickel | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2018: Power Americas Minerals Corp. announces an Exploration/Drilling Update report for its Shakt-Davis deposit at the Kittson-Cobalt project. Drilling results incl. 0.3m @ 1.62% Co, 0.029g/t Au, 1.4g/t Ag, 0.01% Cu, 0.18% Ni from 8.77m. Vancouver, B | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Niel Pettigrew (Internal) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - January 16, 2018) - Power Americas Minerals Corporation (TSXV: PAM) (FSE: VV0) ("Power Americas" or the "Company") is pleased to announce the results of their ultralight diamond drilling program on their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. A total of seven shallow drill holes, totaling 161m, of BTW-size core were drilled beneath overburden-filled historic workings in the Shakt-Davis mine area. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 55 metres and to a maximum depth of 30 metres. The fracture zone ranged from 5 to 13 metres wide (drilled core length) and hosted several 0.1 - 1.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture- and vein-controlled cobalt mineralization in the form of smaltite and erythrite ("cobalt bloom") occurred throughout this zone with values as high as 1.62% Co over 0.3 metres. A full list of significant intersections is provided in Table 1. below. Drill Location maps and cross sections can be found on the Company's website by following: "Click here to view maps and cross sections." Commenting on the latest results, Jeffrey Cocks, President and CEOsaid: "We're highly encouraged by this initial drill program. These results represent the first drilling since the 1940's at the Shakt-Davis mine and confirms the cobalt-rich nature of this extensive fracture zone. The fracture zone which hosts the Shakt-Davis mine is related to those which also host the Kittson and Edison mines to the north and east, respectively, cumulatively representing over 3km of strike length." | |
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