POWER METALS' WORLD-CLASS CESIUM RESULTS CONTINUE TO GROW AT CASE LAKE
HIGHLIGHTS
WEST JOE:
- PWM-24-201: 7.13 m at 1.21% Li2O, 6.27% Cs₂O and 348 ppm Ta from 14.15 m
-
- Including 5.00 m @ 1.31% Li2O, 8.81% Cs₂O and 265 ppm Ta from 15.00 m
- Including 1.00 m @ 1.02% Li2O, 19.40% Cs₂O and 108 ppm Ta from 17.00 m
- PWM-24-198: 3.22 m at 1.76% Li2O, 7.32% Cs₂O and 140 ppm Ta from 14.78 m
-
- Including 2.45 m @ 2.27% Li2O, 9.29% Cs₂O and 156 ppm Ta from 15.55 m
- Including 0.80 m @ 0.36% Li2O, 24.70% Cs₂O and 9 ppm Ta from 16.20 m
- PWM-24-199: 8.11 m at 1.42% Li2O, 4.50% Cs₂O and 233 ppm Ta from 7.12 m
-
- Including 4.50 m @ 1.42% Li2O, 8.03% Cs₂O and 242 ppm Ta from 9.00 m
- Including 1.00 m @ 1.25% Li2O, 15.90% Cs₂O and 102 ppm Ta from 11.00 m
- PWM-24-189: 8.70 m at 1.74% Li2O, 4.98% Cs₂O and 782 ppm Ta from 14.25 m
-
- Including 5.00 m @ 1.67% Li2O, 8.59% Cs₂O and 1116 ppm Ta from 16.00 m
- Including 1.00 m @ 2.20% Li2O, 20.14% Cs₂O and 459 ppm Ta from 18.00 m
- PWM-24-202: 7.74 m at 1.82% Li2O, 2.07% Cs₂O and 534 ppm Ta from 8.60 m
-
- Including 5.00 m @ 1.97% Li2O, 3.13% Cs₂O and 670 ppm Ta from 10.00 m
- PWM-24-191: 5.32 m at 1.01% Li2O, 2.39% Cs₂O and 278 ppm Ta from 41.00 m
-
- Including 2.00 m @ 0.61 % Li2O, 6.12% Cs₂O and 367 ppm Ta from 41.00 m
- PWM-24-186: 32.44 m at 1.40% Li2O, 0.58% Cs₂O and 248 ppm Ta from 10.41 m
-
- Including 1.20 m @ 0.62% Li2O, 8.13% Cs₂O and 575 ppm Ta from 39.80 m
- PWM-24-188: 3.47 m at 2.74% Li2O, 4.91% Cs₂O and 250 ppm Ta from 23.03 m
-
- Including 2.00 m @ 3.55% Li2O, 7.46% Cs₂O and 196 ppm Ta from 24.00 m
- PWM-24-200: 3.00 m at 1.68% Li2O, 3.83% Cs₂O and 1002 ppm Ta from 11.00 m
-
- Including 1.35 m @ 2.34% Li2O, 4.87% Cs₂O and 1474 ppm Ta from 12.65 m
- Including 0.75 m @ 1.44% Li2O, 6.55% Cs₂O and 2201 ppm Ta from 12.65 m
- PWM-24-187: 6.32 m at 1.24% Li2O, 0.07% Cs₂O and 157 ppm Ta from 13.28 m
- PWM-24-193: 5.65 m at 1.66% Li2O, 0.07% Cs₂O and 143 ppm Ta from 19.35 m
- PWM-24-195: 3.53 m at 1.79% Li2O, 0.03% Cs₂O and 387ppm Ta from 49.29 m
CASE LAKE MAIN:
- PWM-24-169: 4.00 m at 0.99% Li2O and 186 ppm Ta from 54.0 m
-
- Including 1.10 m @ 1.10 % Li2O, 1.03% Cs₂O and 213 ppm Ta from 56.90 m
- PWM-24-170: 1.60 m at 1.17% Li2O and 97 ppm Ta from 38.18 m
2024 EXPLORATION DRILL PROGRAM
Exploration results in this news release are the remainder of assays from the outstanding 29 drill holes completed at
Haydn Daxter,
WEST JOE
The West Joe deposit is a unique, highly fractionated lithium, cesium, tantalum (LCT) pegmatite system that contains world-class high-grade cesium (Cs2O) mineralization hosted in pollucite, along with high-grade lithium and tantalum (Figure 1). It is characterized by two stacked pegmatites that are up to 9 meters thick and extend for 100 meters along strike and open down plunge.
The 2024 winter drill program at West Joe intersected consistent high-grade cesium mineralization in majority of the holes drilled to define and delineate LCT mineralization at West Joe. Several holes that include PWM-24-189, 198, 199, and 201 intersected high-grade cesium in pollucite between 11.9% to 24.7%. The high-grade cesium is bound by consistent medium-grade cesium mineralization between 2% to 9% (Figures 1-3, Table 1). In addition to the high-grade cesium and lithium mineralization, high-grade tantalum mineralization was intercepted above 500 ppm tantalum in multiple drillholes (Table 1). PWM-24-186 was drilled to test consistency of LCT mineralization down dip and plunge of the main dyke at West Joe and confirmed continuity and the widest mineralization at West Joe to date with 32.4 meters of 1.4% Li₂O, 0.58% Cs₂O, and 248 ppm Ta.
Exploration drill holes have expanded mineralization along-strike and down-dip at West Joe intersecting high-grade cesium, lithium, and tantalum in holes PWM-24-175, 176, 185, 187, 191, and 197, indicating an open mineralization system down plunge of West Joe (Figures 1-3, Table 1). Additional step-out exploration holes drilled to the east and west of West Joe did not intersect significant mineralization, however, did intersect pegmatites that contain anomalous ore-grade tantalum mineralization above 100 ppm. Two samples from drill holes PWM-24-179 and 180 drilled 600 meters along strike to the east of West Joe reported 494 and 207 ppm tantalum respectively.
MAIN ZONE
LCT pegmatite mineralization at Case Main is represented as a stacked pegmatite system that is part of three main dykes, historically referred as South, Main, and North dykes (Figure 4). The high grade LCT pegmatite system at Case Main is up to 35 meters thick and extends for more than 400 meters along strike. Mineralization continues to 100 meters vertical depth and remains open down plunge to the west and along strike to the east.
PWM-24-169 and 170 were drilled to extend historic cesium and lithium mineralization from drill hole PWM-17-49 that reported 3 meters of 1.61% Li₂O, 1.35% Cs₂O, and 144 ppm Ta. PWM-24-169, drilled to the east at
Table 1 – Summary of Assay Results in Drillholes Reported in this Press Release
Hole ID |
Easting |
Northing |
Elevation |
Depth |
Dip |
Azimuth |
From |
To |
Significant Intersections |
|||
Interval |
Li2O |
Ta |
Cs2O |
|||||||||
|
||||||||||||
PWM-24-169 |
578310 |
5431684 |
345 |
201 |
-45 |
147 |
54 |
58 |
4 |
0.99 |
186 |
0.39 |
including 1.10m @ 1.1 % Li2O, 1.03% Cs2O, & 213 ppm Ta |
||||||||||||
146.7 |
148.8 |
2.1 |
0.36 |
195 |
0.03 |
|||||||
PWM-24-170 |
578312 |
5431649 |
347 |
141 |
-45 |
153 |
38.18 |
39.78 |
1.6 |
1.17 |
97 |
0.04 |
West Joe |
||||||||||||
PWM-24-175 |
576343 |
5431133 |
344 |
72 |
-45 |
170 |
32 |
36 |
4 |
0.08 |
103 |
0.02 |
PWM-24-176 |
576343 |
5431133 |
344 |
100 |
-54 |
152 |
27.77 |
30.75 |
2.98 |
0.22 |
14 |
0.18 |
PWM-24-178 |
576435 |
5431269 |
337 |
252 |
-47 |
170 |
no significant mineralization |
|||||
PWM-24-179 |
577016 |
5431116 |
347 |
171 |
-45 |
170 |
no significant mineralization |
|||||
PWM-24-180 |
576958 |
5431182 |
343 |
171 |
-45 |
170 |
no significant mineralization |
|||||
PWM-24-181 |
576810 |
5431024 |
346 |
147 |
-45 |
170 |
no significant mineralization |
|||||
PWM-24-182 |
576180 |
5431131 |
345 |
152 |
-50 |
170 |
no significant mineralization |
|||||
PWM-24-183 |
576315 |
5431141 |
344 |
72 |
-45 |
170 |
31.37 |
34.4 |
3.03 |
0.85 |
722 |
0.03 |
43.9 |
50.27 |
6.37 |
0.11 |
117 |
0.06 |
|||||||
PWM-24-184 |
576318 |
5431127 |
344 |
75 |
-45 |
170 |
23.79 |
30.04 |
6.25 |
0.85 |
736 |
0.68 |
including 3.35m @ 0.6 % Li2O, 1.2% Cs2O, & 706 ppm Ta |
||||||||||||
PWM-24-185 |
576329 |
5431149 |
342 |
81 |
-45 |
150 |
52.56 |
60.1 |
7.54 |
0.04 |
144 |
0.18 |
including 1.0m @ 0.02 % Li2O, 1.1% Cs2O, & 277 ppm Ta |
||||||||||||
PWM-24-186 |
576313 |
5431096 |
347 |
102 |
-45 |
55 |
10.41 |
42.85 |
32.44 |
1.40 |
248 |
0.58 |
including 1.2m @ 1.01 % Li2O, 3.03% Cs2O, & 232 ppm Ta |
||||||||||||
PWM-24-187 |
576332 |
5431110 |
345 |
60 |
-45 |
170 |
13.28 |
19.6 |
6.32 |
1.24 |
157 |
0.07 |
PWM-24-188 |
576323 |
5431125 |
344 |
72 |
-45 |
170 |
23.03 |
26.5 |
3.47 |
2.74 |
250 |
4.91 |
including 2.0m @ 3.55 % Li2O, 7.46% Cs2O, & 196 ppm Ta |
||||||||||||
PWM-24-189 |
576307 |
5431115 |
346 |
72 |
-45 |
170 |
14.25 |
22.95 |
8.7 |
1.74 |
782 |
4.98 |
including 5.0m @ 1.67 % Li2O, 8.6% Cs2O, & 1116 ppm Ta |
||||||||||||
PWM-24-190 |
576288 |
5431120 |
346 |
72 |
-45 |
170 |
16.38 |
19.28 |
2.9 |
1.04 |
348 |
0.06 |
PWM-24-191 |
576294 |
5431139 |
344 |
70 |
-45 |
170 |
41 |
46.32 |
5.32 |
1.01 |
278 |
2.39 |
including 2.0m @ 0.61 % Li2O, 6.12% Cs2O, & 367 ppm Ta from 41.0m |
||||||||||||
PWM-24-192 |
576311 |
5431137 |
344 |
72 |
-45 |
170 |
28.1 |
31.19 |
3.09 |
0.95 |
572 |
0.03 |
PWM-24-193 |
576330 |
5431117 |
344 |
60 |
-45 |
170 |
19.35 |
25 |
5.65 |
1.66 |
143 |
0.07 |
PWM-24-194 |
576335 |
5431171 |
340 |
81 |
-45 |
170 |
no significant mineralization |
|||||
PWM-24-195 |
576293 |
5431152 |
343 |
81 |
-45 |
170 |
49.29 |
52.82 |
3.53 |
1.79 |
387 |
0.03 |
PWM-24-196 |
576287 |
5431147 |
343 |
81 |
-45 |
170 |
43 |
48.48 |
5.48 |
0.41 |
951 |
0.03 |
PWM-24-197 |
576284 |
5431144 |
344 |
81 |
-45 |
170 |
41.88 |
45 |
3.12 |
0.75 |
935 |
0.05 |
PWM-24-198 |
576316 |
5431113 |
346 |
150 |
-45 |
170 |
14.78 |
18 |
3.22 |
1.76 |
140 |
7.32 |
including 2.45m @ 2.27 % Li2O, 9.29% Cs2O, & 156 ppm Ta |
||||||||||||
PWM-24-199 |
576312 |
5431106 |
347 |
60 |
-55 |
170 |
7.12 |
15.23 |
8.11 |
1.42 |
233 |
4.50 |
including 4.5m @ 1.42 % Li2O, 8.03% Cs2O, & 242 ppm Ta |
||||||||||||
PWM-24-200 |
576303 |
5431109 |
346 |
60 |
-45 |
170 |
11 |
14 |
3 |
1.68 |
1002 |
3.83 |
including 1.35m @ 2.34 % Li2O, 4.87% Cs2O, & 1474 ppm Ta |
||||||||||||
PWM-24-201 |
576319 |
5431115 |
346 |
60 |
-45 |
170 |
14.15 |
21.28 |
7.13 |
1.21 |
348 |
6.27 |
including 5.0m @ 1.31 % Li2O, 8.81% Cs2O, & 265 ppm Ta |
||||||||||||
PWM-24-202 |
576312 |
5431111 |
347 |
60 |
-45 |
170 |
8.6 |
16.34 |
7.74 |
1.82 |
534 |
2.07 |
including 5.0m @ 1.97 % Li2O, 3.13% Cs2O, & 670 ppm Ta |
Sampling and QAQC Procedures
Samples were taken across every pegmatite and 1.5 meter into the barren host rock on either side of dykes. Sample lengths were around 1-metre NQ core diameter (48 mm), though individual sample length was determined based on internal zoning of the dykes and the locations of their contacts. The sampled core was cut in half with one half being sent for analysis and the other half remaining in the box for reference. All core is stored at
Actlabs and SGS Canada are independent of the Company.
Further to the Company's news release dated
Pursuant to the press release dated
Case
The Case
Pelletier Property
The Pelletier Property is located 50km south of
Decelles Property
The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospective ground near the mining centers of Val-dÓr and
Mazerac Property
The Mazerac Property is located approximately 30 km east of
Pollucite and Cesium
Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, compact, and rare element pegmatites. The main source of cesium known globally is pollucite (Cs,Na)₂(Al₂Si₄O₁₂)•2H₂O, https://www.gov.mb.ca/iem/geo/industrial/pollucite.html. Currently the Tanco mine in
Scientific and Technical Disclosure
The scientific and technical disclosure included in this news release has been reviewed and approved by
ON BEHALF OF THE BOARD
Neither the
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 "
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,
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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