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Power Americas Minerals Corp.
Summary
| Project: | Kittson-Cobalt | |
|---|---|---|
| Deposit: | Shakt-Davis | |
| Location: | Canada | |
| Commodities: | Cobalt-Gold-Silver-Copper-Nickel | |
| Date: | 5/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2018: Power Americas Minerals Corp. announces an Exploration/Drilling Update report for its Shakt-Davis deposit at the Kittson-Cobalt project. Drilling results incl. 29.24m @ 0.05% Co, 0.2g/t Ag, 0.007g/ Au, 0.01% Cu, 0.01% Ni from 22.26m. Vancouver, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Neil Pettgrew (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 23, 2018) - Power Americas Minerals Corporation (TSXV: PAM) ("Power Americas" or the "Company") is pleased to announce the first results of their winter diamond drilling program on their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. A total of 17 drill holes, totaling 1,750 metres, of BTW-size core were drilled, 15 targeting the Shakt-Davis mine area and 2 holes targeting the eastern extension of the Edison mine. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 125 metres and to a maximum depth of 170 metres. The fracture zone ranged from 5 to 30 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 occurred throughout this zone with values up to 0.05% Co over 29.24 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 CEO said: "We're highly encouraged by these broad zones of cobalt mineralization at the historic Shakt-Davis mine area. Coupled with the discovery of Co mineralization in both drill holes further to the east near the Edison workings, these results suggest there may be open pit / bulk tonnage potential within the Kittson-Cobalt Project." Further results from the drill program will be released as they become available. Planning is currently underway for Power Americas' summer exploration program, which will include follow-up drilling around the historic workings on the Property, as well as reconnaissance mapping, prospecting, geophysical surveys and soil sampling on the newly-acquired claims extending to the southwest (see PAM news release: 12-18-2017). | |
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