FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.
Power Nickel (TSXV: PNPN) has expanded its board of directors following the appointment of Dr Steve Beresford, an internationally recognized geoscientist that is an expert on polymetallic discoveries, which follows the Lion Discovery made by the company earlier this year.
“Polymetallic Ni-Cu-PGE deposits remain the premier deposit type, even with the current Nickel price. These deposits are high-grade metal deposits where Cu and noble metals (PGE, Au, Ag) form equivalent value to Nickel, not just credit metals. Lion is prospective for between 11 and 15 metals. It’s not academic nuance to discriminate these systems from common garden Nickel deposits, it’s economics. We continue to advance the Lion discovery and I look forward to working with the Power Nickel board during these exciting times,” commented Dr Beresford on his appointment.
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Currently an Adjunct Professor at the University of Western Australia and a board member of AGEMERA in Europe, Beresford career has seen him conduct exploration across 66 different countries globally, with a focus on magmatic nickel-copper-PGE deposits. His past work experience includes being chief geologist for three major mining outfits, as well as being the founder of several exploration companies. He currently holds a BSc Honors and PhD from the University of Canterbury.
“On May 1st we welcomed Steve to the team as our technical advisor, today we welcome him as our board member. We have had a dynamic short period of time working with Doctor Beresford, and we are quickly utilizing his tried and proven exploration techniques on polymetallic deposits to expedite the successful exploration of Nisk,” commented Power Nickel CEO Terry Lynch on the appointment..
Power Nickel last traded at $0.63 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.
