06:45:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Power Americas Minerals Corp
Symbol PAM
Shares Issued 95,216,000
Close 2017-04-20 C$ 0.05
Market Cap C$ 4,760,800
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Power Americas appoints Pettigrew to board

2017-04-20 10:39 ET - News Release

Mr. Jeffrey Cocks reports

POWER AMERICAS ANNOUNCES NEW DIRECTOR AND CORPORATE APPOINTMENTS

Power Americas Minerals Corp. has appointed Neil Pettigrew, MSc, PGeo, to its board of directors and has provided an update on the Kittson project's 2017 exploration program.

Neil Pettigrew, MSc, PGeo, received his HBSc degree in environmental geochemistry from the University of New Brunswick in 1999 and his MSc degree in earth sciences from the University of Ottawa in 2004. He has published papers on copper-nickel-platinum-group-element mineralization and the petrogenesis of mafic-ultramafic intrusions. He has worked for several junior and major companies in gold and Cu-Ni-PGE exploration, most notably Avalon Ventures Ltd., Temex Resources Corp., Rainy River Resources Ltd., PC Gold Inc., Placer Dome CLA Inc. and Goldcorp Inc. He has served as vice-president of exploration and a director of East West Resources Corp., VP of exploration of PC Gold Inc., and as chief executive officer of Fairmont Resources Inc. where he remains a director.

Mr. Pettigrew is a founder, part-owner and vice-president of Fladgate Exploration Consulting Corp. of Thunder Bay, Ont., a full-service mineral exploration consulting firm. Prior to founding Fladgate Exploration Consulting he was employed as a senior Precambrian geoscientist with the Ontario Geological Survey.

The company also announces the resignation of William R. Byers as chief financial officer and director of the company. Chris Hobbs, CA, a current director, will assume the role of chief financial officer. The company would like to thank Mr. Byers for his contributions to the company during his appointment to the board of directors and wishes him well in his future endeavours.

Finally, the company has completed initial compilation and planning on its Kittson cobalt property's (see news release on Jan. 23, 2017) upcoming exploration and drill program. The exploration program will consist of initial geological reconnaissance consisting of prospecting, geochemical sampling and detailed mapping, followed up by a diamond drill program. The exploration program is set to begin as soon as spring weather conditions permit.

The Kittson property comprises five unpatented mining claims totalling 68 units, having a combined area of approximately 1,090 hectares, located approximately eight kilometres northwest of the town of Latchford and 120 km by road north of North Bay. The Kittson cobalt property is located within the prolific Cobalt mining camp, which has produced over 420 million ounces of silver. The property includes two former mines, the Shakt Davies and Cobalt Kittson. These two mines saw limited production and differed from the typical Cobalt camp in that they possessed low silver grades, but were enriched in cobalt and gold.

The Shakt Davies mine saw intermittent development from 1906 to 1964, with the bulk of the underground working completed between 1924 to 1926. No production records remain, however historic reports indicate values of 1.5 per cent cobalt over 1.37 metres and select grab samples returning up to 4 per cent cobalt and 93.3 grams per tonne gold. More recent sampling (1987) of the mine waste pile by the Ontario Geological Survey personnel returned 0.25 per cent cobalt, 0.75 per cent nickel, 0.05 per cent copper and 3.4 grams per tonne gold.

The technical content of this news release has been reviewed and approved by James Place, PGeo, a director of the company, and a qualified person as defined by National Instrument 43-101.

About Power Americas Mineral Corp

Power Americas Minerals 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.

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