Power Metals Corp. announced the completion of high-resolution airborne magnetic and LiDAR surveys on its 100% owned Case Lake Property in northeastern Ontario. The two surveys were completed in May 2023 and will be followed by field-based prospecting and mapping programs that are expected to start later this month.

The Company has drilled a total of 15,700 meters of core between 2017 and 2022 and is fully-funded for an upcoming 15,000-meter drill program. The Company has in excess of $10 million in the treasury. Highlights of The AIRBORNE SURVEYS.

The overall magnetic map of the area indicates good magnetic contrast between different lithologies that can be used to identify cryptic lithologic contacts and structural corridors that have potential to act as traps for Lithium-Cesium-Tantalum (LCT) pegmatites. The magnetic survey shows high-resolution details of strong magnetic contrasts at or near known pegmatite deposits at Case Lake. The magnetic survey also shows linear structural features that enhance understanding of the geology of The Property and will contribute to identification of new targets.

One of these structures occurs north of the West Joe and Main pegmatites and trends northeast for more than 2 kms. The magnetic survey was flown by Precision GeoSurveys Inc. over an area of 134 Km2 using 50m-line spacing for total of 2962 line kms. The Company is in the process of mobilizing afield exploration crew that will focus on prospecting and geological mapping. In addition to completion of the airborne magnetic survey, Power Metals was able to acquire high resolution aerial imagery and LiDAR data in May 2023. The Company is progressing well with desktop compilation of historical and recent exploration data to generate quality targets and is fully budgeted for a 15,000- meters drill program that is expected to start late in the summer.

Case Lake Property.