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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was an upbeat 89-60-161 as the TSX Venture Exchange fell one point to 718. Haydn Daxter and Johnathan More's Power Metals Corp. (PWM) leapt 28 cents to $1 on 4.96 million shares on word of a maiden resource estimate for the West Joe dikes on the company's Case Lake deposit, east of Cochrane in Northern Ontario. The calculation lists 13,000 tonnes at 2.4 per cent cesium oxide, 1.3 per cent lithium oxide and 460 parts per million of tantalum oxide.

Yes, the resource is small, and so is the target for future exploration -- material the company hopes is there but must express as a range to keep the regulators happy. The exploration target hosts between 11,000 and 15,000 tonnes at between 0.36 and 0.41 per cent cesium oxide, with roughly 0.49 per cent lithium oxide and between 190 and 200 ppm of tantalum oxide.

Despite its lilliputian size, Case Lake ranks at the fourth-largest cesium resource in the world, the company cheers -- sufficient to warrant a tag-team promotion: First into the ring was Mr. Daxter, chief executive officer. He deemed the estimate to be "a significant milestone for the company and Ontario in the development of critical minerals." Most of the pollucite-bearing pegmatites remain unconstrained, he enthused, leaving them "open to an exceptional potential of further growth."

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