Power Metals Corp. is undertaking the second of two planned drill programs at its lithium property east of Cochrane.
The company announced on Jan. 10 it was starting a 2,000-metre drill program on the Northeast Dyke of its Case Lake project. Case Lake, located 80 kilometres east of Cochrane, is a joint venture project with MGX Minerals Corp., which retains a 20 per cent interest in the project.
Jacob and Samuel Drilling Ltd. of Sudbury is the drill contractor.
According to the company, the Northeast Dyke is located 900 metres northeast along strike of the recently completed 5,400-metre drill program on the North and Main Dykes.
Results from the first drill program were encouraging, and the company is hopeful to find additional spodumene – a type of rock traditionally identified as a source of lithium.
Lithium is being sought out as a component for lithium-ion batteries in cars and tech applications.
“We are excited to see the drill core from the first drill hole on the Northeast Dyke after the recent discovery of abundant very coarse-grained spodumene on surface,” said Julie Selway, Power Metals’ vice-president exploration, in a news release.
“I am also eagerly awaiting more assays from the remaining 20 holes from the Main Dyke”
A National Instrument 43-101 report has been prepared on Case Lake Property and was filed on July 18, 2017.