Mr. Jeffrey Cocks reports
POWER AMERICAS CONTINUES TO INTERSECT POSITIVE DRILL RESULTS ON ITS KITTSON-COBALT PROJECT
Power Americas Minerals Corp. has released the final results of its winter diamond drilling program on its Kittson-Cobalt project, located in the prolific Cobalt silver camp in Northeast Ontario, Canada.
A total of 17 drill holes, totalling 1,750 metres, of BTW size core were drilled, 15 targeting the historic Shakt-Davis mine area and two holes targeting the eastern extension of the historic Edison mine. The results of the final nine holes of the program are detailed in the attached table.
The program successfully extended the Shakt-Davis mineralization east of the existing mine workings. Holes KIT-18-009 and -010 represent the farthest east drilling on the Shakt-Davis structure returning up to 0.12 per cent cobalt over 6.23 metres, including 0.56 per cent cobalt over 0.57 metre. The mineralization remains open to the east.
The final two holes of the program (KIT-18-016 and -017) tested the eastern extension of the historic Edison mine. Both holes successfully intersected the Edison structure returning up to 0.40 per cent cobalt over 0.41 metre, indicating that the Edison structure has exploration potential outside of historic mine workings as well.
A full list of significant intersections is provided in the attached table.
WINTER 2018 DIAMOND DRILLING HIGHLIGHTS
Hole No. Width * Co Au Ag Cu Ni
From (m) To (m) (m) wt.% g/t g/t wt.% wt.%
KIT-18-001 Hole abandoned due to intersecting old workings
KIT-18-002 84.33 85.1 0.77 0.38 0.017 0.1 0.00 0.06
KIT-18-003 No significant results
KIT-18-004 90.7 91.62 0.92 0.52 0.009 0.1 0.00 0.06
KIT-18-005 No significant results
KIT-18-006 29.58 40.59 17.85 0.04 0.007 0.2 0.02 0.01
Inc. 29.58 33.30 3.72 0.08 0.079 0.3 0.02 0.01
Inc. 29.58 30.00 0.42 0.42 0.060 0.9 0.00 0.06
KIT-18-007 28.97 34.35 5.38 0.11 0.005 0.2 0.02 0.02
Inc. 30.97 31.27 0.73 0.61 0.020 0.8 0.03 0.10
KIT-18-008 22.26 51.5 29.24** 0.05 0.007 0.2 0.01 0.01
Inc. 22.26 27.34 5.08 0.10 0.003 0.5 0.03 0.02
Inc. 25.63 27.34 1.71 0.18 0.005 0.6 0.03 0.02
And 34.58 35.93 1.35 0.38 0.120 1.2 0.01 0.12
And 48.31 51.50 3.19 0.16 0.003 0.5 0.01 0.03
Inc. 50.60 51.50 0.90 0.36 0.003 0.6 0.01 0.06
KIT-18-009 40.26 40.78 0.52 0.123 0.008 0.400 0.024 0.019
KIT-18-010 50.65 57 6.35 0.123 0.005 0.672 0.049 0.018
Inc. 50.65 51.86 1.21 0.311 0.002 0.553 0.019 0.043
Inc. 50.65 51.22 0.57 0.564 0.001 0.500 0.003 0.072
KIT-18-011 32.09 32.48 0.39 0.104 0.005 0.100 0.000 0.012
KIT-18-012 31.11 33 1.89 0.178 0.008 0.634 0.017 0.019
Inc. 31.11 31.63 0.52 0.47 0.010 0.800 0.014 0.047
KIT-18-013 18 18.55 1.55 0.054 0.012 1.500 0.288 0.003
KIT-18-014 No significant results
KIT-18-015 No significant results
KIT-18-016 18.4 20.59 2.19 0.056 0.003 0.568 0.026 0.012
KIT-18-017 26.79 29.12 2.33 0.084 0.003 0.828 0.082 0.011
Inc. 26.79 27.2 0.41 0.401 0.003 1.000 0.003 0.031
* All reported widths are drilled core lengths.
** Includes zero grade for unsampled core from 28.34 metres to 33.53 m and
37.67 m to 48.31 m.
Commenting on the latest results, Jeffrey Cocks, president and chief executive officer, said: "We're highly encouraged to see that cobalt mineralization extends beyond the historic workings at both the Shakt-Davis and Edison mines. This summer's exploration program will continue to expand these two zones along strike."
Planning is currently under way for the summer exploration program which will include follow-up drilling and sampling on the recently acquired Thomas Edison mine, as well as reconnaissance mapping, prospecting, geophysical surveys and soil sampling on the newly acquired claims at the property's southwest extension.
Sample analysis and quality assurance/quality control
Split core samples were analyzed for base metals including cobalt, copper, nickel, lead and zinc, among others, along with gold and silver at Activation Laboratories in Timmins, Ont. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES) and eight-peroxide (Na2O2 digest/ICP-OES). Standards and blanks were inserted into the sample stream every 20 samples. The Co bearing standards used in this program were sourced from CDN Resource Laboratories Ltd. of Langley, B.C., and Geostats Pty. Ltd. of Western Australia.
About the Kittson-Cobalt project
The project is located near the town of Cobalt in Northeastern Ontario, Canada. The project hosts the historical Shakt-Davis and Cobalt-Kittson mines, as well as numerous historical workings, with 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, located 15 kilometres east of the property, which produced 420 million ounces of silver with cobalt as a significant byproduct. 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. Historical reports from the Shakt-Davis mine 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. 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 is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North America and South America.
The technical content of this news release has been reviewed and approved by Neil Pettigrew, MSc, PGeo, vice-president of exploration and a director of the company, and a qualified person as defined by National Instrument 43-101.
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