Power Metallic Mines Inc Stock Price, News & Analysis

Power Nickel Inc. (PNPNF) has provided an update on its Lion Zone discovery at the Nisk Project near Nemaska Quebec. The Lion Zone has been intercepted across a 550-meter strike length, adjacent to an ultra mafic rock unit that outcrops at surface for 1.8 kilometers. The company has completed Hole 80, stepping out an additional 150 meters along strike west, with holes 76, 78, 79, 80, and 81 drilled with assays pending. The mineralized zone appears to be plunging with a 45-degree rake to the west. The company plans a 30,000-metre winter drill program through April, with three drills to be operational after Christmas.

Power Nickel (TSXV: PNPN) has appointed Jon Christian 'JC' Evensen as Strategic Advisor. Evensen will advise on strategic transactions, capital markets, and asset value maximization. He brings over a decade of experience in investment banking and natural resources management, having previously served on Patriot Battery Metals' Board and currently serving as President of Low Carbon Royalties and Advisory Board Member for Pallas Resources. At Luminus Management, he managed over $1 billion in investments across metals & mining. The appointment aims to advance the company's Lion Zone discovery at the Nisk Project in Quebec, which has emerged as a significant polymetallic discovery.

Power Nickel (PNPN) has announced significant drilling results from its Lion Zone discovery. Hole PN-24-072 yielded impressive results with 19.60 meters of 3.82% CuEq, including 1.27 g/t Au, 20.30 g/t Ag, 2.53% Cu, 1.01 g/t Pd, 2.42 g/t Pt, and 0.15% Ni. The company continues its westward expansion with two active drills on site, demonstrating strong lateral continuity of the zone. The summer drilling program utilized a 50-metre fan drilling approach, while fall and winter programs are successfully executing 150-plus metre step-outs using downhole EM technology.

Power Nickel (PNPN, PNPNF) announced significant drilling results from its Lion Zone discovery, highlighting the largest intersection to date of 39.6 metres with 4.19% CuEq. Hole PN-24-071 returned impressive grades including 0.38 g/t Au, 19.57 g/t Ag, 2.62% Cu, 3.37 g/t Pd, 0.80 g/t Pt, and 0.13% Ni. The company is currently executing a 30,000 metre fully funded fall and winter program. Drilling was temporarily paused for local indigenous hunting season and has now resumed with two drills on site targeting Lion Zone expansions.

Power Nickel has announced an arrangement agreement to spin out its Golden Ivan property and certain Chilean exploration assets to shareholders via Chilean Metals. This strategic reorganization will create two specialized companies: Power Nickel focusing on the Nisk project, while Spinco will manage the Golden Ivan property and Chilean assets. The Golden Ivan property, located in Terrace, British Columbia, covers 797 hectares and includes 13 mineral claims. Spinco will also acquire interests in five Chilean projects: Zulema, Tierra de Oro, Palo Negro, Hornitos, and Tabaco. Power Nickel will retain a royalty interest in the Chilean Copaquire project.

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced significant results from its summer 2024 drilling campaign at the Lion Zone discovery. Highlights include:

- Hole PN-24-070: 32.00 m of 0.45 g/t Au, 20.93 g/t Ag, 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt and 0.18% Ni
- Hole PN-24-069: 17.00 m of 0.28 g/t Au, 9.52 g/t Ag, 0.93% Cu, 7.19 g/t Pd, 1.66 g/t Pt and 0.05% Ni

The results suggest that the Lion discovery is larger than initially thought, with mineralization found at shallower depths and extending westward. The company plans a 30,000-metre fully funded fall and winter drill program starting October 15th, utilizing data from downhole EM, Gravity, Geo Chemical, and Ambient Noise Tomography passive seismic sources for targeting.

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced assay results from the first five holes of its summer 2024 drilling campaign at the polymetallic Lion Zone discovery. Highlights include:

- PN-24-063: 5.00 m of 5.93% CuEq, including 3.00 m of 7.10% Cu
- PN-24-066: 12.05 m of 2.97% CuEq, including 3.00 m of 1.95% Cu
- PN-24-067: 12.15 m of 2.36% CuEq, including 2.35 m of 7.41% Cu

The results were obtained from targets outside the main Lion Zone in the Halo area. The company has since retargeted drills at a lower pitch further west, finding the main Lion Zone again. Assays on these new holes are pending. The company expects to report on the remaining holes in October.

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) reports successful expansion of the Lion Zone polymetallic discovery at its Nisk project. Key highlights:

• 10 out of 12 summer drill holes intercepted sulphides mineralization
• Lion Zone expanded westward and 150m deeper vertically
• Footprint now reaches 350m laterally and 450m vertically
• Massive chalcopyrite zone thickness ranges from 5-10m in core to <1m laterally
• Shallower westward plunge discovered, potentially reducing future costs
• Ground-based geophysics underway with new targets expected mid-October
• Fully funded 30,000m winter drill program planned

CEO Terry Lynch states the Lion Zone is developing into a 'world-class polymetallic discovery'. Assay results from promising holes expected late September.

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) announced its participation in the Red Cloud webinar series on September 4, 2024. CEO Terry Lynch will discuss recent drilling results from the Nisk Project and plans for the rest of the year. The company also unveiled several marketing initiatives to increase investor awareness:

1. Retained Capital 10X for video production ($7,500/month for 12 months)
2. Engaged The Market Mindset Investment Media for content creation ($50,000 for 6 months)
3. Hired Empire Market Ventures for investor awareness ($150,000 USD)
4. Engaged Resource Stock Digest for interviews and news distribution ($40,000 USD)

These efforts aim to showcase Power Nickel's developing story and the Nisk Polymetallic Project to the investor community.