FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.
Power Nickel (TSXV: PNPN) has continued to hit high grade mineralization at its Lion zone, part of the larger Nisk property in Quebec. The latest results are said to have confirmed the extension of the high grade zone.
Highlights from the results include:
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- PN-24-095a: 4.29% copper equivalent (2.63% copper, 0.14 g/t gold, 10.8 g/t silver, 2.97 g/t palladium, 0.25 g/t platinum and 0.09% nickel) over 19.40 metres from a depth of 427.00 metres
- Including 10.60% copper equivalent (8.11% copper, 0.24 g/t gold, 31.8 g/t silver, 8.25 g/t palladium, 0.80 g/t platinum, 0.27% nickel) over 5.35 metres from a depth of 437.85 metres
Current visual logging of the first hole of the 2025 drill campaign suggests that the high grade trend will extend beyond PN-24-095a to depth and along strike.
“Drilling results like this have become routine at the Lion Zone but anyone in the industry knows they are anything but routine. We remain thankful for our blessings and remain excited about the future at the Lion Zone and indeed with exploration at the entire Nisk project,” commented Power Nickel CEO Terry Lynch.
A further five holes released are said to have had isolated individual assays, which were aiming for multiple targets in the Lion zone area. Four of the holes were designed to intersect the target horizon 100 to 200 metres to the west of known mineralization at depths below ground and airborne EM signals. These holes are slated to be used for borehole surveys slated to be conducted later this month.
READ: Power Nickel Hits 4.29% Copper Equivalent Over 20 Metres At Lion Zone
“Borehole EM has become a primary tool for discovery. Predicting the location of the Lion East discovery was a true acid test of the method, identified conductors have a very good chance to be sulphides. and we are excited to test the partial off-hole conductor found in hole PN-24-088 and to begin testing holes PN-24-082 to 085. Additional targets are expected along the trend between and the Nisk and Lion deposits, providing more drill targets for our Winter 2025 program,” commented VP of Exploration Joe Campbell.
Power Nickel last traded at $1.45 on the TSX Venture.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Power Nickel. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
