10:12 AM EDT, 04/09/2024 (MT Newswires) -- Power Metals Corp. ( PWRMF ) was at last look down 5% on Tuesday -- it was even lower -- after saying that it will start its 2024 summer field program in June in partnership with Australia-listed Winsome Resources at PWM's Decelles and Mazerac properties in Quebec. That along with an exploration update on drilling at the company's Case Lake property, which is over halfway completed for the 4,000m winter program.

Haydn Daxter, Power Metals ( PWRMF ) CEO, in a statement said: "Power Metals ( PWRMF ) will target a field mapping program to include out crop sampling and a series of soil samples across each as we look to unlock the potential in both properties."

On the Quebec summer program, the company has also planned a review of each property with historical geophysical data, geological data, and LiDAR data in developing its geological model and target areas for the summer program.

Regarding the drilling at the company's Case Lake property, Power Metals ( PWRMF ) said it has completed 2,088 meters for 17 drill holes of the planned 4,000-meter drill program at West Joe and Main Zone.

The company said it will launch a series of "regional step-out exploration holes" at West Joe with 200-meter centers from the current mineralized zone on the property.

Upon completion of the drilling at West Joe, the company will conduct a series of regional exploration holes to the west of the Main Zone. These holes will target a region that to date remains untested between the Main Zone and West Joe on the Case Lake property. The drilling will remain ongoing at Case Lake throughout April and the company expects to complete the planned 4,000 meters by the end of the month.

Price: 0.37, Change: -0.04, Percent Change: -9.76