KEY EXPLORATION HIGHLIGHTS
- The new pegmatite dikes occur about 1.5 km north of the Northeast dike in close proximity to Dome Nine. Field observations and assay results of samples collected in 2023 confirm presence of 10-to-15-meter wide spodumene bearing pegmatites with Lithium content as high as 1.12% Li2O (Figures 1 to 4).
- The 2023 field program confirmed presence of spodumene about 300 meters southeast of the
Main Zone in the western part of the East dike (Figures 2 to 4). - A new pegmatitic tonalite was identified approximately 1.3 km southwest of the
West Joe Zone in metavolcanic units in an area where historical geological maps reported trenches with pegmatites and quartz veins that contain molybdenum (Figures 2 to 4). - In addition to previously identified tonalitic domes that are prospective for Lithium-Cesium-Tantalum (LCT) pegmatites on the property, compilation of historical & recently acquired LiDAR & magnetic data identified nine pegmatite prospective new areas (Figure 5).
- These areas were identified based on presence of pegmatitic tonalites, lineaments , and their similar magnetic and LiDAR signatures compared to the signature of areas that host LCT mineralization at
Case Lake . - The company is progressing well with the 2023 field exploration program and is prioritizing the highlighted results to generate drill ready targets.
Power Metals is fully budgeted for 15,000-meter drill program that is expected to start later in the fall.
Case
The Case
Scientific and Technical Disclosure
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ON BEHALF OF THE BOARD,
Neither the
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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,
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