FULL DISCLOSURE: This is sponsored content for Power Nickel.
Drilling has begun under a planned winter 2024 exploration program at Power Nickel’s (TSXV: PNPN) flagship Nisk Nickel Sulfide project in Nemaska, Quebec.
The program will see the company focus on three priority objectives that it intends to complete at Nisk. These priorities include:
- Test four new target zones previously identified from Ambient Noise Tomography
- Test the extension of a PGM hole that intersected 1.47% copper, 0.28 g.t gold, 5.71 g/t palladium, and 20.78 g/t platinum over 7.75 metres
- Extend the known resource at Nisk Main
One of the main objectives, testing four new targets based on their ANT signature, follows a survey conducted in late 2023 with Fleet Space Technologies, an Australia-based developer and operator of microsatellites that are used for the purpose of exploration. Using sound mapping, the tech is capable of developing a three dimensional visualization of the subsurface to depths of up to two kilometres.
“These targets are hosted in areas showing a similar ‘ANT signature’ to Nisk Main. Given the right geology, each target represents a potential volume varying from 50% to 100% of the volume we have identified at Nisk Main,” commented CEO Terry Lynch on the targets generated from the study.
The drill program is slated to begin with a single drill focused on Nisk Main, which will then transition to testing ANT targets. A second drill rig is anticipated to join the program in February, which will begin following up on the PGM target at Wildcat.
Power Nickel last traded at $0.22 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.
