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Power Metals (TSXV:PWM) hits high-grade Li-Cs-Ta

Market News, Mining
TSXV:PWM
30 November 2022 13:30 (EDT)

Power Metals Corp. (PWM) has intersected lithium, cesium, and tantalum mineralization in the West Joe Dyke on its Case Lake Property.

West Joe Dyke, located in Ontario, is a three-commodity pegmatite where the tantalum mineralization occurs in the aplite border zone, the spodumene zone and the pollucite zone. The lithium mineralization is in the spodumene zone and the pollucite zone. The cesium mineralization occurs in the pollucite zone as a pod in the center of the West Joe Dyke.

The company shared the results from 14 holes reported from the dyke, most of which returned high-grade values of lithium, cesium, and tantalum mineralization.

Power Metals also intersected a pollucite zone at West Joe in 16 drill holes showing its continuity, consistency, and predictability. The dyke’s mineralization is at shallow depths, and the nearby road access can make future extraction easier.

The company’s 5,000-metre 2022 summer drill program was designed to infill on known mineralization to aid in a future resource estimate and to explore expanding known mineralization.

Power Metals Corp. (PWM) is up 17.39 per cent and is trading at $0.27 per share as of 1:12 p.m. EST.


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