Power Metals Corp. has announced significant progress in its 2024 Phase II drill program at the 100%-owned 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.
Key Intercepts at West Joe Zone
The Phase II program's success is highlighted by notable intercepts, reinforcing the Case Lake Project's potential as a strategic source of cesium and other critical elements. Key intercepts include:
- 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.
Further details from the West Joe highlights include:
- 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 and 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 and 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 and 2.0m @ 1.08% Li₂O, 10.88% Cs₂O and 371.5 ppm Ta from 29.00m.
Management Perspectives
"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.
Johnathan More, Chairman of Power Metals, added, "Power Metals is breaking new ground with our high-grade cesium discoveries at Case Lake, a project that continues to exceed our expectations."
Upcoming Phase III Drilling Program
The company is set to commence its 2024 Phase III drilling program in mid-November, aiming to further delineate cesium at West Joe and Main Zone. Drill core from PWM-24-214 displays a 6.9 meters thick pegmatite interval that contains tantalum mineralization of 283 ppm Ta with low-grade lithium and cesium.
Winsome Resources Site Visit
A recent site visit included Chris Evans, Managing Director of Winsome Resources, to review drilling data and discuss technical insights. The visit focused on targeting high-grade cesium at West Joe and Main Zone and planning for studies commencing towards the end of 2024 and into 2025.
About Case Lake Property
The Case Lake Property, located 80 km east of Cochrane, northeastern Ontario, consists of 585 cell claims. The Case Lake pegmatite swarm includes six spodumene dykes, forming a mineralization trend extending approximately 10km.
About Power Metals Corp.
Power Metals Corp. is a diversified Canadian mining company focused on exploring, developing, and acquiring high-quality mining projects in lithium and specialty metals and minerals.
