POWR Lithium Builds on Discovery with Complete Results from Phase 1 Maiden Drilling Campaign

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POWR Lithium Corp.
POWR Lithium Corp.

Hole No. Halo-003-23 intersects broad Li-bearing claystone interval with 204 feet (62.2 m) of 994.4 ppm Li

Figure 1

Map of the POWR Lithium land package showing drill holes and neighboring land positions
Map of the POWR Lithium land package showing drill holes and neighboring land positions

Figure 2.

Photo of Box #78 of Hole No. Halo-004-23 showing finely laminated claystone which contains in excess of 1,600 ppm lithium
Photo of Box #78 of Hole No. Halo-004-23 showing finely laminated claystone which contains in excess of 1,600 ppm lithium

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF) (“POWR” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to provide the complete results from the four-hole, 2,899 feet (883.9-metre) maiden drilling program. The Halo project is located less than 3 kilometres northwest of Tonopah, NV and surrounded by several lithium-exploration companies with published resources or, at least, discoveries (see Figure 1).

Highlights:

  • Four HQ core holes have been completed and show comparable results to neighboring properties in what is likely the same geologic unit.

  • Hole No. Halo-003-23 intersected a true thickness of 62.2 meters (204 feet) at 994 ppm lithium.

  • Hole No. Halo-004-23 intersected 19.8 meters (65 feet) of 1,368 ppm lithium where the hole was lost due to bad drilling conditions. The bottom 7 meters of the holes contained 1,698 ppm Li.

CEO Matt Chatterton states, “With these very positive results, we are well positioned to prepare for a Phase 2 drilling program in 2024 once the conditions permit. With the drill permit in hand and logging facilities established in Tonopah, the task at hand is to strategically locate the next holes to initiate resource modeling.”

Hole No.

From (m)

To    (m)

Width (m)

Width (feet)

Li (ppm)

Notes

Halo-001-23

57.05

95.25

38.23

125.4

938

Reported on Dec. 22, 2023*

Halo-002-23

212.09

232.34

20.25

66.44

1,026

 

Halo-003-23

179.81

242.01

62.2

204.1

994

 

Halo-004-23

224.33

244.14

19.81

65.0

1,368

Last sample = 1.67m @ 1,610 ppm Li

Table 1. Summary of POWR Lithium’s Phase 1 Drilling Campaign.

* Initial results from Hole No. Halo-001-23 were released on December 22, 2023, https://powrlithium.com/powr-lithium-discovers-up-to-1735-ppm-lithium-in-maiden-drilling-campaign/

The inaugural work program on the Halo property consisted of four drill holes, ranging from 503.8 to 804.9 feet (153.6 - 245.4m) in depth. The results for Phase 1 are shown above in Table 1 and the hole locations are given Figure 1. The Siebert Formation, which hosts the claystone sequence, thickens to the west toward the center of the Montezuma valley. Drill Hole No. Halo-001-23, shown in Figure 1, was positioned closest to the basin’s current margin and bottomed in lithic tuff with Li values <100ppm Li. Hole Nos. Halo-002 thru -004 are located further west revealing greater sediment thickness and, hence, hole depths, i.e. to 770.8 feet (235m).