- Power Metals Corp. (PWM) announced the discovery of lithium, cesium, and tantalum mineralization on the Case Lake Property
- The lithium mineralization is mainly spodumene with notable amounts of lepidolite
- Cesium mineralization is pollucite and the tantalum is made up of tantalum-oxides
- 2,000 of the 5,000 metre drill program has been drilled so far
- Power Metals Corp. (PWM) is unchanged trading at $0.19 per share as of 11:05 a.m. ET
Power Metals Corp. (PWM) announced the discovery of lithium, cesium, and tantalum mineralization on the Case Lake Property in Ontario.
The average grade lithium mineralization is mainly spodumene with notable amounts of lepidolite at West Joe and is entirely spodumene on the Main Dyke.
The cesium mineralization is allegedly pollucite at West Joe and tantalum mineralization is tantalum-oxides in both areas.
Power Metals shared the drilling is still ongoing for these locations.
“These fantastic drill results continue to impress our strong geological team… we are extremely excited for the next round of assays to be received from the lab,” Johnathan More, Chairman and CEO of Power Metals, said.
Power Metals stated its 2022 summer drill program has been planned to cover 5,000 metres and over 2,000 metres have been completed so far. Each of the recent drill holes was designed to infill on known mineralization to put towards a future resource estimate.
The Case Lake Property is made up of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships. The property has a major pegmatite swarm which has six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome.
Power Metals Corp. (PWM) is unchanged trading at $0.19 per share as of 11:05 a.m. ET.