FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.
Power Nickel (TSXV: PNPN) continues to hit high grade copper at its Lion Discovery, which is found five kilometres to the north of its Main Nisk Deposit at the Nisk project.
The latest assay results come from hole PN-24-055, which was conducted as part of a winter 2024 drill program that saw 15 successful holes conducted at the Lion Discovery. Highlights from the latest results include:
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- PN-24-055: 15.40 metres of 0.44 g/t gold, 22.04 g/t silver, 5.06% copper, 13.12 g/t palladium, 3.35 g/t platinum and 0.15% nickel from 75.50 metres depth
- Including 5.05 metres of 0.61 g/t gold, 50.29 g/t silver, 13.27% copper, 24.62 g/t palladium, 6.73 g/t platinum and 0.33% nickel
The mineralized zone so far has been outlined as extending 225 metres laterally and to a depth of 300 metres. A massive chalcopyrite zone is said to measure 5 to 6 metres thick true width within the core of the zone. Further follow-up drilling is anticipated to occur at the zone this summer.
READ: Power Nickel Hits 8.17% Copper Over 14.4 Metres At Lion Discovery
“This is a special discovery; these are big intersections to be that high-grade and we are seeing a pattern here. This intersection is in the high-grade wheelhouse that is plus or minus 100 metres wide and seems to have a prospective mineralized halo around it of 50-75 metres. With copper and metal prices surging, this is such a great find. We are excited to see how this discovery can grow from here,” commented CEO Terry Lynch on the results.
Power Nickel last traded at $0.62 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.
