FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.
Power Nickel (TSXV: PNPN) continues to see success with drill testing to the northeast of its Main Nisk deposit, at what it refers to as the Lion zone.
A total of four holes saw their assays released, with the company now having outlined the mineralized zone to a footprint measuring 225 metres across by 300 metres deep. The thickness of the chalcopyrite zones is estimated to range from 5 to 6 metres true width.
Highlights from the results include:
- PN-24-056: 4.60 metres of 0.72 g/t gold, 5.38 g/t silver, 0.88% copper, 2.67 g/t palladium, 1.42 g/t platinum, and 0.12% nickel
- PN-24-057: 5.20 metres of 0.37 g/t gold, 36.23 g/t silver, 2.57% copper, 5.72 g/t palladium, 2.45 g/t platinum and 0.19% nickel
- PN-24-058: 8.27 metres of 0.19 g/t gold, 7.12 g/t silver, 0.64% copper, 3.43 g/t palladium, 0.84 g/t platinum and 0.25% nickel
- Including 2.20 metres of 0.16 g/t gold, 22.43 g/t silver, 1.87% copper, 7.53 g/t palladium, 1.15 g/t platinum and 0.83% nickel
- PN-24-059: 17.25 metres of 0.66 g/t gold, 27.2 g/t silver, 3.33% copper, 2.04 g/t palladium, 1.49 g/t platinum and 0.18% nickel
- Including 5.59 metres of 1.91 g/t gold, 73.48 g/t silver, 9.88% copper, 6.23 g/t palladium, 4.56 g/t platinum and 0.49% nickel
“Another exciting set of holes from the Lion Zone. The zone continues to be very productive as we explore deeper. We are seeing the high grade width of about 100 metres and very mineable halos that extend 50-75 metres on either side continue at depth,” commented Power Nickel CEO Terry Lynch.
A total of fifteen drill holes were conducted under the winter drill program. Assay results remain to be released for four of the holes, which are said to be pending internal QAQC and verifications.
Power Nickel last traded at $0.69 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.
