Power Metals Corp. is reporting encouraging results from a 5,000-metre drill program at its Case Lake lithium property near Cochrane.
Case Lake is located in Steele and Case townships, 80 kilometres east of Cochrane, close to the Ontario-Quebec border. Power Metals has an 80 per cent interest, while MGX Minerals Corp. has a 20 per cent working interest.
The Case Lake pegmatite swarm (a type of mineral deposit) consists of five dykes: North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse-grained spodumene – traditionally identified as a source of lithium.
The company said in a Nov. 16 news release that the spodumene mineralization is “rich, thick and close to surface.”
Full assay results are pending, and a second, 2,000-metre drill program at the Northeast Dyke is planned for January.
“I am pleased that our drill program on the North and Main Dykes successfully intersected thick high-grade intervals of spodumene pegmatite, and I look forward to receiving the assay results from the Main Dyke drill holes and planning the upcoming drill program on the Northeast Dyke,” said Dr. Julie Selway, vice-president of exploration, in the release.
Power Metals Corp. aims to explore, develop and acquire high-quality mining projects in lithium and high-growth specialty metals and minerals.