Power One Resources Corp CEO Discusses Promising Projects and Developments in Exclusive Interview
May 09, 2024 at 09:47 am EDT
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Power One Resources Corp CEO Karim Rayani joined Steve Darling from Proactive to delve into the company's recent progress and future plans. Since going public in January as a spin-out from Marvel Discovery, Power One has been gearing up to drill the Pecors Project, a significant nickel system in Canada. Spanning an impressive seven kilometers in length, three kilometers in width, and extending two to three kilometers in depth, this project boasts a historic resource of 20 million tons and was originally explored for uranium in the 1950s.
In addition to the Pecors Project, Power One is advancing another venture in British Columbia, situated near Prince George, within one of Canada's renowned rare earth belts. While this project is currently secondary in focus, it is expected to undergo development activities in the coming year. Notably, the company has recently added Dr. Wazir Khan, an experienced geologist with a wealth of international expertise, to its team. Dr. Khan's knowledge is poised to play a pivotal role in advancing Power One's projects.
Despite challenges like delayed drilling due to snow melt, Power One remains optimistic about the potential of its projects, particularly the nickel system. If their geological thesis holds true, the Pecors Project could emerge as a world-class deposit, underlining the company's commitment to exploration and growth in the resource sector.
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Proactive North America
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Power One Resources Corp is a Canada-based company, which is engaged in acquisition and exploration of rare earth elements. The Companyâs two mineral properties include the Pecors Property and the Wicheeda North Property. The Pecors Property is located about 115 kilometers (km) west of Sudbury and about 16 km east of Elliot Lake, Ontario. It is prospective for copper, nickel and platinum group element (PGE) mineralization. The Wicheeda North Property is located about 80 km due north of the city of Prince George and 60 km east of the community of Bear Lake, British Columbia. It is prospective for rare earth element (REE) mineralization. The Wicheeda North Property has approximately 1,444 hectares (ha) of claims in the Cariboo Mining Division, British Columbia, with the claim block adjoining the Defense Metals Corp.