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Power Metallic Mines Inc. reports mineral exploration developments tied to its common shares traded as PNPNF in the United States and PNPN on the TSX Venture Exchange. Company updates focus on drill assays from the Lion Zone, infill drilling, structural interpretation, copper-equivalent results, and work supporting future mineral resource estimates and potential development concepts.
Recurring disclosures also cover regional exploration targets around Lion, Lion East, Lion West, Tiger, Elephant and related sulphide or gold mineralization, along with the company's Power Metallic Arabia subsidiary and the Jabul Baudan exploration license in Saudi Arabia's Jabal Said Belt. News may also include investor-relations disclosures, OTC Markets responses, and corporate actions involving mineral exploration assets.
Power Nickel announced a partnership with Karbon-X to offset the carbon footprint of their 30,000 meters drilling program, reinforcing their commitment to environmental sustainability. The discovery of the Lion Zone has accelerated their drilling activities, revealing potential polymetallic deposits including nickel, copper, platinum, palladium, gold, and silver. Power Nickel aims to establish Canada's first carbon-neutral nickel mine at their Nisk Project in Quebec. Additionally, the company has engaged Apaton Finance GmbH for investor relations, aiming to increase visibility in the investment community, particularly in German-speaking regions. The engagement is for six months, with a compensation of EUR125,000.
Power Nickel announced high-grade assay results for hole PN-24-055, featuring 50.53 feet of 0.44 g/t Au, 22.04 g/t Ag, 5.06% Cu, 13.12 g/t Pd, 3.35 g/t Pt, and 0.015% Ni. The results include a 16.57-foot segment of higher-grade mineralization and a 10.99-foot segment of even higher grades. The company’s winter 2024 drill program concluded with 15 successful holes at the Lion Discovery Zone, showing potential for further expansion. The core zone features chalcopyrite, extending 725 feet laterally and 1,000 feet deep, with true widths up to 20 feet. The summer drill program will focus on deeper intersections. Assays were completed by Actlabs, ensuring QAQC through rigorous standards.
Power Nickel Inc. announces high-grade multi-elements assay results for holes PN-24-048, PN-24-052, and PN-24-053, showing significant copper, platinum, palladium, gold, and silver mineralization. The company continues to expand its high-grade polymetallic Lion Zone near the Nisk Deposit, with promising drilling results and ongoing exploration plans. The winter 2024 drill program concluded successfully, supporting the continuous progress on the discovery. The company will continue drilling in the upcoming summer season to follow up on the deepest mineralized intersections to date.
Power Nickel Inc. announces high-grade multi-elements assay results for holes PN-24-048, PN-24-052, and PN-24-053, revealing promising high-grade Copper, Platinum, Palladium, Gold, and Silver deposits. The Lion Zone discovery continues to expand near its Main Nisk Deposit, with visible high-grade core surrounded by well-mineralized edges. The company's winter 2024 drill program concluded with 15 successful holes, affirming ongoing progress in the discovery. Power Nickel plans to continue drilling in the upcoming summer season, targeting the Lion Discovery.
Power Nickel Inc. has appointed renowned geoscientist Dr. Steve Beresford as a Special Advisor, bringing extensive expertise in Nickel-Copper-PGE deposits. Dr. Beresford's background includes key roles at major mining companies and academia. His involvement aims to enhance the exploration program and development of NISK project, potentially transforming it into a polymetallic deposit. The Company also plans a Private Placement financing to further fund exploration activities.
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