- Power Metals (PWM) has started a drill program on the company’s Case Lake Property
- The company’s drill program is fully funded and expected to cover 20,000 metres in the project’s West Joe Dyke area
- The first phase of drilling will cover 5,000 metres over approximately 50 shallow holes focusing on lithium-cesium-tantalum levels.
- The drill program’s objective is to expand the previously-discovered Li-Cs-Ta mineralization in the West Joe Dyke area
- Power Metals is up 8.82 percent, trading at $0.18 at 10:24 am ET
Power Metals (PWM) has started a drill program on the company’s Case Lake Property.
The Vancouver-based resource exploration company owns a 100-percent-interest in the property, located on the Ontario-Quebec border
The company’s drill program is fully funded and expected to cover 20,000 metres in the project’s West Joe Dyke area.
The first phase of drilling will cover 5,000 metres over approximately 50 shallow holes focusing on lithium-cesium-tantalum levels. The property itself is 95 square kilometres and has 14 identified tonalite domes.
The drill program’s objective is to expand the previously-discovered Li-Cs-Ta mineralization in the West Joe Dyke area. That mineralization was initially found during a 2018 drill program. The area is currently open in all directions.
“We are very excited to be back drilling again. We have assembled a world class team that will assist in the exploration and drilling. This will be a very busy summer for the Power Metals team and the drilling will hopefully prove up and show the world the immense uncovered value we see in our Case Lake Property,” said Power Metals CEO Jonathan More.
The Case Lake Property consists of 585 cell claims across six townships in the Larder Lake Mining Division.
Case Lake is a three-commodity property with Lithium, Cesium and Tantalum mineralization in the form of spodumene, pollucite and Ta-oxide minerals.
The West Joe pegmatite dyke is one of the few cesium-rich pegmatites in the world.
Only three deposits that have been globally mined for Cesium. One each in Manitoba, Australia and Zimbabwe.
Power Metals is up 8.82 percent, trading at $0.18 at 10:24 am ET.