FULL DISCLOSURE: This is sponsored content for Power Nickel.
Drilling has begun for Power Nickel (TSXV: PNPN) under its fall drill program at its flagship Nisk project, found in Quebec.
The drill program has begun with deep target hole PN-23-036, which is located east of hole PN-23-35, which intersected 31.9 metres of 0.98% nickel equivalent, as well as east of hole PN-22-009, which intersected 40.3 metres of 1.49% nickel equivalent. Drilling is set to begin 300 metres to the east and 300 metres to the south of the latter hole.
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Power Nickel currently expects to intersect mineralization at a depth of 390 metres as it looks to better understand the depth of the Nisk deposit.
The drill program as a whole is intended to test several electromagnetic targets hosted within the ultramafic body, with the company also using data from an ambient noise tomography survey to reinforce drill targets. Downhole electromagnetics will also be conducted to further add to the data collected.
READ: Power Nickel Exercises Option To Take 50% Ownership In Nisk Project
Additional targets under the program include the Wildcat area, found 4 km to the northeast of the main Nisk Zone, with a second drill to begin exploring the target in September.
The full news release from the company with additional details can be viewed here.
Power Nickel last traded at $0.255 on the TSX Venture.
FULL DISCLOSURE: Power Nickel is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Power Nickel. The author has been compensated to cover Power Nickel on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
