December 18, 2017 : POWER AMERICAS DUE DILIGENCE SAMPLING ON NEWLY ACQUIRED KITTSON-COBALT PROJECT CLAIMS RETURNS UP TO 0.97% COBALT
Sample Number | Co wt. % | Au g/t | Ag g/t | Cu wt.% | Ni wt. % | Pb wt. % |
468907 | 0.05 | 0.07 | 0.6 | 0.02 | 0.01 | 0.01 |
468959 | 0.17 | 0.15 | 0.7 | 0.00 | 0.01 | 0.01 |
468960 | 0.14 | 0.12 | 1.1 | 0.01 | 0.01 | 0.03 |
468961 | 0.08 | 0.03 | 34.6 | 0.60 | 0.01 | 2.18 |
468962 | 0.10 | 0.03 | 0.9 | 0.43 | 0.01 | 0.01 |
468970 | 0.04 | 0.02 | 3.0 | 1.68 | 0.02 | 0.03 |
469114 | 0.97 | 0.18 | 3.3 | 0.99 | 0.08 | 0.01 |
469159 | 0.09 | 0.02 | 0.8 | 0.10 | 0.02 | 0.05 |
\Figure 1. Sample locations. The Company recently announced (see PAM news release 11-22-17) the acquisition of an additional 100% interest in 10 unpatented mining claims totaling 140 units having a combined area of approximately 2,240 hectares. Eight of the new claims are contiguous to Power America’s Kittson property located in the Coleman, Kittson and Brigstocke Townships of the Larder Lake Mining Division, in Northeastern Ontario. Two of the new claims are approximately 5 km south of the Kittson properties southern boundary. Closing of the above transaction is subject to receipt of all required documentation and final approval of the TSX Venture Exchange. About the Kittson-Cobalt Project The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% cobalt over 1.37 meters and select grab samples returning up to 4% cobalt and 93.3 g/t gold. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins. About Power Americas Mineral Corp. Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power America’s acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101. On behalf of the Board of Directors: “Jeffrey Cocks” Jeffrey Cocks President For more information please contact: Howard Milne V.P. Business Development Tel: (604) 377-8994 Email: hdmcap@shaw.ca Website: www.poweramericascorp.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
December 7, 2017 : POWER AMERICAS PROVIDES UPDATE ON 2017 EXPLORATION PROGRAM ON THE KITTSON COBALT PROJECT
November 22, 2017 : POWER AMERICAS ACQUIRES ADDITIONAL LAND AT KITTSON
November 13, 2017 : POWER AMERICAS CLOSES PRIVATE PLACEMENT, POWER AMERICAS GRANTS STOCK OPTIONS
November 6, 2017 : POWER AMERICAS CLOSES PRIVATE PLACEMENT
Oct 30, 2017 : POWER AMERICAS ARRANGES $750,000 FINANCING
Oct 3, 2017 : POWER AMERICAS INITIAL PROSPECTING ON KITTSON COBALT PROJECT RETURNS UP TO 3.66% COBALT
Sample Number | Co wt. % | Au g/t | Ag g/t | Cu wt.% | Ni wt. % |
469001 | 1.58 | 3.85 | 2.9 | <0.01 | 0.55 |
469002 | 3.23 | 0.09 | 3.9 | 0.03 | 0.44 |
469003 | 2.13 | 0.04 | 4.6 | 0.01 | 0.28 |
469004 | 1.44 | 0.02 | 2.2 | 0.02 | 0.16 |
469005 | 2.02 | 0.01 | 1.5 | 0.05 | 0.19 |
469006 | 0.19 | 3.58 | 0.6 | <0.01 | 0.050 |
469007 | 0.12 | 0.61 | 3.8 | 7.12 | 0.026 |
469008 | 0.00 | 0.04 | 10.3 | 3.25 | <0.01 |
469009 | 0.01 | 0.01 | 0.5 | 0.10 | 0.01 |
469010 | 0.01 | 0.02 | 1.5 | 1.76 | 0.01 |
469018 | 0.94 | 0.01 | 0.9 | <0.01 | 0.08 |
469019 | 3.59 | 0.03 | 1.7 | 0.04 | 0.58 |
469020 | 3.66 | 0.04 | 2.8 | 0.01 | 0.50 |
469021 | 0.72 | 0.01 | 0.6 | <0.01 | 0.07 |
469022 | 3.32 | 0.03 | 1.3 | 0.03 | 0.36 |
469023 | 1.42 | 0.01 | 3.5 | 0.16 | 0.14 |
469024 | 3.11 | 0.02 | 4.9 | 0.17 | 0.31 |
469025 | 1.89 | 0.09 | 0.7 | 0.02 | 0.43 |
469026 | 0.78 | 0.02 | 0.2 | <0.01 | 0.11 |
469027 | 0.52 | 0.01 | 0.3 | <0.01 | 0.06 |
469028 | 3.41 | 0.03 | 0.7 | <0.01 | 0.36 |
469029 | 1.01 | 0.01 | 0.6 | 0.01 | 0.07 |
469030 | 0.14 | 0.01 | < 0.2 | <0.01 | 0.02 |
469031 | 0.02 | <0.01 | < 0.2 | 0.02 | 0.01 |
469032 | 0.30 | 0.03 | < 0.2 | <0.01 | 0.04 |
469033 | 0.20 | 0.05 | 0.2 | 0.01 | 0.03 |
469034 | 0.77 | 0.08 | < 0.2 | 0.01 | 0.14 |
469035 | 0.24 | 0.02 | 0.2 | 0.04 | 0.04 |
469036 | < 0.01 | <0.01 | < 0.2 | <0.01 | <0.01 |
469037 | 0.00 | <0.01 | 0.5 | 0.20 | 0.01 |
469038 | 0.14 | 0.04 | 10.9 | 0.01 | 0.03 |
469039 | 0.14 | 0.39 | 0.4 | <0.01 | 0.02 |
469040 | 0.43 | 0.01 | 0.3 | 0.01 | 0.05 |
469041 | 0.49 | 0.02 | 0.3 | 0.04 | 0.06 |
469042 | 0.48 | 0.02 | 3.2 | 0.08 | 0.06 |
469044 | 0.15 | 0.01 | 3.1 | 1.26 | 0.02 |
469045 | 0.14 | 0.01 | 6.6 | 2.60 | 0.02 |
469047 | 0.14 | 0.01 | 2.8 | 0.54 | 0.02 |
469048 | 0.13 | 0.01 | 2 | 0.17 | 0.02 |
469049 | 0.23 | 0.01 | 1.4 | 0.21 | 0.02 |
469050 | < 0.01 | <0.01 | < 0.2 | 0.03 | <0.01 |
469051 | < 0.01 | <0.01 | 0.2 | 0.17 | <0.01 |
469052 | < 0.01 | <0.01 | < 0.2 | 0.08 | <0.01 |
469053 | 0.00 | <0.01 | < 0.2 | 0.02 | 0.01 |
An extensive literature research was also undertaken to gather more information on the historic small-scale mines on the property. The Literature review provided enough information to generate rough underground workings for both the Shakt Davis and Kittson mines. In total the Property hosts four shafts, the deepest extending down to 628 feet, one adit and over 2,500 feet of lateral workings, as shown in (Figure 1.) The Mineralization at Kittson Cobalt occurs in Proterozoic aged quartz-calcite veins hosted in brittle shears in diabase dykes and sills. This style of mineralization is similar to that of the famous Cobalt Silver Camp which produced 420 million ounces of silver with cobalt as a significant by product. The mineralization at the Kittson Cobalt project differs from the typical Cobalt Silver Camp veins in that they are lower in silver content but richer in cobalt and are associated with significant gold. Historic reports from the Shakt Davis mine on the Kittson Cobalt project indicate values of 1.5% cobalt over 1.37 meters and select grab samples returning up to 4% cobalt and 93.3 g/t gold. The recent prospecting program supports these historic reports with grab samples from waste rock piles returning up to 1.58 % cobalt with 3.85 g/t gold and 2.9 g/t silver. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a qualified person as defined by National Instrument 43-101. About Power Americas Mineral Corp Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM” and on the Frankfurt Exchange under the symbol “VV0”. Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy. Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101. On behalf of the Board of Directors: “Jeffrey Cocks” Jeffrey Cocks President For more information please contact: Howard Milne V.P. Business Development Tel: (604) 377-8994 Email: hdmcap@shaw.ca Website: www.poweramericascorp.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.