ePower Metals Stakes 4400 ha in Sinaloa for Gold-Silver-Cobalt
TSX VENTURE: EPWR
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2019) - ePower Metals Inc. (TSXV: EPWR) (the "Company" or "ePower Metals") stakes three new gold-silver-cobalt claims in Sinaloa, Mexico.
Through an intensive data review by the Company's Mexican exploration team, ePower Metals has identified a number of gold-silver-cobalt targets in Sinaloa Mexico. The Company has staked three individual claims "The Cosalá Group" with a total area of approximately 4400 hectares. The claims are located south of the Company's high grade Magenta gold-silver-cobalt project and north of Americas Silver Corporation's silver-lead-zinc "San Rafael Mine."
Michael Collins, President and CEO of ePower Metals comments, "Sinaloa is well know for it's gold and silver mines dating back to the Spanish Conquitstadors and our research has identified additional targets that build on the potential of the Magenta Gold-Silver-Cobalt project to the north. We see great potential for resource discovery and development in Sinaloa and will continue to develop our project base there."
To the north, the Magenta project hosts numerous high-grade gold-silver-cobalt-nickel vein and skarn style deposits that includes the La Prieta showing. The La Prieta showing has seen the most historic development with two adits and one trench (zones #1-3), and several drill holes. Historic sampling by Nordic Gold Corp at the La Prieta showing returned results of:
- 5.8 oz/T Au, 6.5 oz/T Ag, and 5.54 % Co, over 0.61 m in Zone #1.
- Adit dump samples (average of three assays completed by three separate labs) returned
6.23 oz/T Au, 6.52 oz/T Ag, and 8.14% Co.
- 0.26 oz/T Au, 1.7 oz/T Ag, and 3.27% Co, over 0.5 m in Zone #2.
*Sample results stated in the historic reports have not been verified by the Company, and readers are cautioned not to place undue weight on such results. The historical grades are considered relevant; however, the reliability, assumptions, parameters and methods used in preparing the reports are unknown.
Bruce Kienlen, P.Geo., is Vice President of Exploration for the Company, is the qualified person for the company and has reviewed this this press release.
About ePower Metals
ePower Metals Inc. is committed to creating significant shareholder value by advancing a high-quality portfolio of precious and battery metals projects - that the company believes are undervalued, strategically positioned and have significant potential develop economic resources and to provide future supply to the growing rechargeable battery industry. With core projects in Mexico and Idaho, ePower has focused on developing projects with high grade potential is stable developments environments with proven permitting tracks.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For further information, please contact:
ePower Metals Inc.
1507 - 1030 West Georgia Street,
Vancouver BC, V6E 2Y3
Telephone: (604) 428-6128
Facsimile: (604) 428-6430
Forward Looking Information
Information set forth in this document may include forward-looking statements. While these statements reflect management's current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of ePower Metals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. ePower Metal's actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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