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Enter Symbol
or Name
USA
CA



Power Americas Minerals Corp (2)
Symbol PAM
Shares Issued 38,804,000
Close 2017-11-22 C$ 0.145
Market Cap C$ 5,626,580
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Power Americas acquires 2,240 hectares at Kittson

2017-11-22 16:50 ET - News Release

Mr. Jeffrey Cocks reports

POWER AMERICAS ACQUIRES ADDITIONAL LAND AT KITTSON

Power Americas Minerals Corp. has acquired an additional 100-per-cent interest in 10 unpatented mining claims totalling 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 approximately eight kilometres northwest of the town of Latchford and 120 kilometres by road north of North Bay in the Coleman, Kittson and Brigstocke townships of the Larder Lake mining division in Northeastern Ontario. Two of the new claims are approximately five kilometres south of the Kittson property's southern boundary.

This newly acquired ground has prospective geology covering Nipissing diabase and is interpreted to host the western extension of the Shakt-Davis and Edison mine structures. Two separate claims approximately five kilometres south of the Kittson property cover a cobalt showing that has returned up to 0.14 per cent cobalt and 0.68 gram per tonne gold listed in the Ontario Geological Survey's mineral deposit inventory (MDI31M05SW00020) and previously held by Tri Origin Exploration.

Power Americas can acquire a 100-per-cent interest in the properties under the terms of a share purchase agreement for a purchase price of $1.43-million payable by the issuance of 13 million common shares of the company at a deemed price of 11 cents per share. This transaction is subject to TSX Venture Exchange approval.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, MSc, 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.

Power America's acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential.

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