December 4, 2017 - 4:18 PM EST
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MGX Minerals Partner Power Metals Finds High-Grade Spodumene at Case Lake

High-Grade Spodumene

Earlier, MGX Minerals Inc. (OTC:MGXMF) entered into a joint venture agreement with Power Metals Corp. (TSXV:PWM), and the partnership is paying off. Power Metals has confirmed the presence of high-grade spodumene in the Northeast dyke for their Case Lake project in Cochrane, Ontario.

The assay results reported by Power Metals give 6.04% to 7.14% Li2O for spodumene rock samples found on the surface, but drilling will be required to determine the exact lithium grade of the Northeast dyke. As such, Power Metals has planned a 2,000-metre drill program for the area, to start in January 2018.

Dr. Julie Selway, Power Metals VP of Exploration, stated, “We are extremely fortunate to have assayed these very high-grade lithium spodumene samples on surface. These assays confirm the presence of high-grade spodumene on the Northeast Dyke and I look forward to drilling the Northeast Dyke within the coming weeks. Additionally, we should also be receiving the remaining assays that we are currently waiting for on the Main Dyke from our recently completed 5,400 metre drill program.  We have been in touch with the lab and the bottleneck causing delays seems to be cleared and will press release our assays as soon as they are available.

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Source: MicroSmallCap (December 4, 2017 - 4:18 PM EST)

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