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Power Metals Corp.
Summary
| Project: | Case Lake | |
|---|---|---|
| Deposit: | Case Lake | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 11/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2017: Power Metals Corp. announces an Exploration/Drilling Update report for its Case Lake deposit at the Case Lake project. Drilling results incl. 26m @ 1.94% Li2O, 323.75ppm Ta from 20m. VANCOUVER, BRITISH COLUMBIA – (November 2nd, 2017) - Power Me | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julie Selway (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA – (November 2nd, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:AOUFF) is pleased to announce that drill holes intersected, for assays received to date, three impressively wide high-grade lithium (Li) and tantalum (Ta) mineralized intervals for the Main Dyke at Case Lake, east of Cochrane, Ontario. Lithium grades are up to 3.29 % Li2O over 1.0 m in PWM-17-08 in the quartz core with coarsegrained pale green spodumene. Drill hole collar locations are given in Power Metals press release dated Sept. 21, 2017. Assay highlights for assays > 0.9 % Li2O holes PWM-17-01 to 12 are given in Table 1. While the focus of Power Metals exploration team is lithium mineralization in the form of spodumene, Case Lake pegmatites have an extra bonus of high-grade tantalum mineralization in the form of Ta-oxide minerals. PWM-17-08 has 2.50 % Li2O and 1770.0 ppm Ta over 1.0 m. The high-grade lithium and tantalum mineralization in the Main Dyke is present in the intermediate zones and quartz core with coarse-grained pale green spodumene (Figures 1 and 2). According to Metalary.com website, “tantalum is sold as tantalite ore from which the metal can then be extracted. The starting point for negotiations is $123.61 USD/kg.” (https://www.metalary.com/tantalum-price/). The most important function of the metal is in the manufacture of electrolytic capacitors for the electronics industry and is ideal for mobile phones, personal computers, DVD players, video game systems, and automotive electronics (https://www.metalary.com/tantalum-price/). Tantalum assays above 200 ppm are generally considered to be ore grade. | |
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