Power Metals Corp. has announced significant progress in its 2024 Phase II drill program at the Case Lake Project (CLP) in northeastern Ontario, revealing continued high-grade mineralization of cesium, lithium, and tantalum. The latest assay results from targeted drilling at the West Joe Zone confirm high-grade cesium oxide (Cs₂O) mineralization, reaching up to 12.72% in shallow intercepts.
The Phase II program's success is marked by notable intercepts:
- Hole PWM-24-210: 3.20 meters averaging 5.06% Cs₂O in a pollucite-rich zone
- Hole PWM-24-211: 3.90 meters averaging 7.83% Cs₂O
- Hole PWM-24-212: 4.00 meters averaging 7.70% Cs₂O
West Joe Zone Highlights
Analytical results from drilling at the CLP continue to display significant mineralization at West Joe:
- PWM-24-210: 9.09m at 0.98% Li₂O, 2.25% Cs₂O and 367 ppm Ta from 11.78m
- Including 3.2m @ 1.39 % Li₂O, 5.06% Cs₂O and 634 ppm Ta from 13.80m
- Including 1.0m @ 2.42 % Li₂O, 8.78% Cs₂O and 426 ppm Ta from 16.00m
- PWM-24-211: 7.90m @ 1.50% Li₂O, 4.05% Cs₂O and 423 ppm Ta from 19.20m
- Including 3.9m @ 1.43% Li₂O, 7.83% Cs₂O and 410 ppm Ta from 20.07m
- Including 1.0m @ 0.59% Li₂O, 12.72% Cs₂O and 521 ppm Ta from 22.00m
- PWM-24-212: 7.63m at 0.75% Li₂O, 4.09% Cs₂O and 249 ppm Ta from 25.50m
- Including 4.0m @ 1.01 % Li₂O, 7.70% Cs₂O and 321 ppm Ta from 28.00m
- Including 2.0m @ 1.08% Li₂O, 10.88% Cs₂O and 371.5 ppm Ta from 29.00m
"We're extremely pleased by the momentum generated from our Phase II drilling program, which continues to validate the world-class potential of the Case Lake Project," commented Haydn Daxter, CEO of Power Metals. He added, "These impressive results reinforce our confidence in this resource, and we eagerly anticipate further findings in the weeks ahead as we transition into Phase III drilling to close out our extensive 2024 exploration program."
Drilling Program and Site Visit
The company is set to commence its 2024 Phase III drilling program in mid-November to further enhance the exploration work at the CLP. Drilling is expected to continue until the end of the year, focusing on the delineation of cesium at West Joe and Main Zone. A recent site visit was conducted with Chris Evans, Managing Director of Winsome Resources, to review drilling data and plan studies for late 2024 and 2025.
Johnathan More, Chairman of Power Metals, stated, "Power Metals is breaking new ground with our high-grade cesium discoveries at Case Lake, a project that continues to exceed our expectations. As we advance into the next phase of development, we are setting the stage for a promising year ahead and a strengthened position in the specialty metals market."
Drilling has produced strong pollucite, spodumene, and tantalum mineralization in PWM-24-210, 211, 212, and 218, confirming the continuation of the West Joe mineralization trend. Drillholes PWM-210, 211, and 212 reported 2.25 to 4.09 % Cs₂O, 0.75 to 1.5 % Li₂O, and 249 to 367 ppm Ta in 7.63 to 9.10 meters thick pegmatites. The core of the mineralization in these drillholes is characterized by a 3.2 to 4.0 meters thick high-grade zone containing an average of 6.86% Cs₂O, 1.27% Li₂O, and 455 ppm Ta.
Drillhole PWM-24-218 intersected two separate pegmatite intervals containing 0.62% Li₂O and 257 ppm Ta over 4.05 meters (zone 1) and 1.35% Li₂O and 350 ppm Ta over 5.35 meters (zone 2). The core of the pegmatite mineralization in the second interval contains anomalous cesium, lithium, and tantalum mineralization of 0.68% Cs₂O, 1.70% Li₂O and 401 ppm Ta across the 1.7 meter interval, indicating continuation of a highly fractionated zone containing cesium mineralization at depth.
