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

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

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.