Power Metals Assays 6.78% Li2O from Spodumene Grab Sample, Gullwing Lake Pegmatite
(firmenpresse) -
Power Metals Assays 6.78% Li2O from Spodumene Grab Sample, Gullwing Lake Pegmatite
VANCOUVER, BRITISH COLUMBIA - (September 10th, 2018) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) is pleased to announce that assays have confirmed the presence of high grade Lithium (Li) and Tantalum (Ta) mineralization on Gullwing-Tot Lakes Property located 30 km northeast of Dryden, Ontario. Gullwing Lake pegmatite and Tot Lake pegmatite are located 6.3 km apart and are hosted by the same mafic metavolcanics unit.
The assay highlights from grab samples from Tot Lake pegmatite include:
- 4.58 % Li2O from quartz - spodumene core, sample 159056 (Figure 1)
- 2.62 % Li2O from quartz - spodumene core, sample 159057
- 1.68 % Li2O and 233 ppm Ta from pink spodumene pegmatite zone, sample 1590235
- 498 ppm Ta from albitized K-feldspar zone, sample 159238 (Figure 2)
The assay highlights from grab samples on the Gullwing North outcrop include:
- 6.78 % Li2O from pure spodumene sample, sample 159082 (Figure 3)
- 0.73 % Li2O from spodumene - albite - quartz sample, sample 159084
- 759 ppm Ta from large Ta-oxide crystals in albite unit, sample 159254 (Figure 4)
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Figure 1 spodumene - quartz core, sample 159056, Tot Lake
http://www.irw-press.at/prcom/images/messages/2018/44524/PR for 9-10-18 v2Prcom.002.jpeg
Figure 2 coarse-grained Ta-oxide in albitized K-feldspar zone, sample 159238, Tot Lake
http://www.irw-press.at/prcom/images/messages/2018/44524/PR for 9-10-18 v2Prcom.003.jpeg
Figure 3 pure spodumene sample with trace lepidolite, sample 159082, Gullwing North outcrop
http://www.irw-press.at/prcom/images/messages/2018/44524/PR for 9-10-18 v2Prcom.004.jpeg
Figure 4 large Ta-oxide crystal on albite, sample 159254, Gullwing North outcrop
Location map for Gullwing and Tot Lakes pegmatites is given in Figure 5 and tables of assays and UTM coordinates are given in Tables 1 and 2.
Mapping on Tot Lake pegmatite revealed eye-popping lithium and tantalum mineralization with pale green megacrystic spodumene blades up to 75 cm long and 15 cm wide identified next to megacrystic K-feldspar crystals in historical trench 3 (Power Metals Corp, press release dated July 11, 2018). The Ta-oxide crystals are up to 1 by 2 cm in size and are some of the largest Ta-oxide crystals in pegmatites in the province of Ontario. Typically, Ta-oxide minerals are 1 to 2 mm in size. In addition to lithium and tantalum mineralization, the cesium mineralization is also impressive at Tot Lake. Pollucite (Cs ore mineral) at Tot Lake is concentrated in a 1 by 5 m pod near the southwestern end of the pegmatite dyke where it comprises 32 vol% of the pod (Breaks et al., 2014). Pollucite is rare in nature and is only known at four other pegmatite localities in Ontario (Breaks et al., 2014). Pollucite is an indicator mineral for extreme chemical fractionation.
Table 1 High grade Li assays for grab samples from Gullwing and Tot Lakes pegmatites, UTM NAD 83, Zone 15.
Sample Station EastingNorthinElevatLitholoTa Li2OPegmatite
No. (m) g ion gy (pp (%)
(m) (m) m)
159082 JK-18-15532777 5529476397 Pegmati7.2 6.78Gullwing
7 te North
159056 JK-18-12538935 5530873287 Pegmati27.84.58Tot Lake
6 te
159057 JK-18-12538935 5530872287 Pegmati78 2.62Tot Lake
6 te
159235 AV-18-07538930 5530873397 Pegmati233 1.68Tot Lake
5 te
159059 JK-18-12538934 5530872396 Ultrama18.20.75Tot Lake
6 fic 7
Volcan
ic
159084 JK-18-15532777 5529480393 Pegmati40.60.73Gullwing
8b te 3 North
159058 JK-18-12538936 5530878392 Pegmati9.2 0.55Tot Lake
7 te 1
159241 AV-18-08538932 5530877400 Pegmati40 0.51Tot Lake
0 te 2
Sample 159059 represents the metasomatized ultramafic host rock
next to
spodumene-rich pegmatite.
Table 2 High grade Ta assays for grab samples from Gullwing and Tot Lakes pegmatites, UTM NAD 83, Zone 15.
SampleStationEastinNorthinElevatLitholoTa Li2O Pegmatite
No g g ion gy (pp (%)
. (m) (m) (m) m)
159254AV-18-15327835529473401 Pegmati759 0.007Gullwing
04 te North
159238AV-18-05389185530897399 Pegmati498 0.019Tot Lake
78 te (north)
159235AV-18-05389305530873397 Pegmati233 1.68 Tot Lake
75 te
159237AV-18-05389165530888401 Pegmati227 0.342Tot Lake
77 te
159239AV-18-05389335530876397 Pegmati208 0.004Tot Lake
79 te
159262AV-18-15327745529386413 Pegmati150 0.013Central
11 te Gullwing
159236AV-18-05389355530874395 Pegmati101 0.061Tot Lake
76 te
http://www.irw-press.at/prcom/images/messages/2018/44524/PR for 9-10-18 v2Prcom.005.jpeg
Figure 5 Location of high grade grab samples from Gullwing and Tot Lakes pegmatites, northeast of Dryden.
Dr. Selway, VP of Exploration, stated The summer mapping program at Gullwing-Tot Lakes Property confirmed the presence of high-grade spodumene and tantalum on both pegmatite dykes. The Property has been historically underexplored, but the property is now drill ready. I look forward to a drill program on the pegmatites in the near future.
Quality Control
The grab samples were shipped to SGS analytical lab in Lakefield, Ontario by Manitoulin Transport. SGS analytical lab in Lakefield has ISO 17025 certification. Every 20 samples included one external quartz blank and one external lithium standard. The ore grade Li2O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a detection limit of 0.002 % Li2O. A QA/QC review of the standards and blanks for this mapping program indicate that they passed and the assays are accurate and not contaminated.
Gullwing-Tot Lakes
Gullwing-Tot Lakes Property is located in Drope and Webb townships, 30 km northeast of Dryden, NW Ontario with excellent road access. Gullwing and Tot Lakes pegmatites contain spodumene. The Property was optioned from Exiro Minerals Corp. in 2017 (Power Metals press release dated April 20, 2017). The Property is located 5.5 km northeast of the Mavis Lake spodumene pegmatite field. Power Metals has an 80% interest with its 20% working interest partner MGX Minerals Inc.
Case Lake
Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of 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 has an 80% interest with its 20% working interest partner MGX Minerals Inc.
Qualified Person
Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites. A National Instrument 43-101 report has been prepared on Case Lake Property and filed on July 18, 2017.
About Power Metals Corp.
Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. Learn more at www.powermetalscorp.com
ON BEHALF OF THE BOARD,
Johnathan More, Chairman & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Power Metals Corp.
Johnathan More
646-661-0409
info(at)powermetalscorp.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile onwww.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
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Datum: 10.09.2018 - 09:40 Uhr
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