Power Nickel Hits 4.29% Copper Equivalent Over 20 Metres At Lion Zone

FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.

Power Nickel (TSXV: PNPN) has released assay results from three holes from its fall drill program conducted at the Lion zone at its Nisk property. The latest holes were focused on testing both depth of the zone, as well as western extensions.

Highlights from the results include:

  • PN-24-079: 20.05 metres of 4.29% copper equivalent (2.36% copper, 0.88 g/t gold, 23.2 g/t silver, 3.30 g/t palladium, 0.53 g/t platinum and 0.14% nickel) from a depth of 176.95 metres
    • Including 10.25 metres of 6.26% copper equivalent (3.70% copper, 1.28 g/t gold, 33.1 g/t silver, 4.63 g/t palladium, 0.34 g/t platinum, 0.20% nickel)
  • PN-24-081: 4.85 metres of 1.84% copper equivalent (0.32% copper, 0.65 g/t gold, 6.7 g/t silver, 2.10 g/t palladium, 0.76 g/t platinum, 0.06% nickel) from a depth of 348.15 metres

“These holes continue to inspire the team on how exciting the Lion zone is so far and its potential as we expect to complete the remaining 15,000 meters of drilling between now and the end of April 2025. We have 14 more holes to report from the autumn drilling program that will inform the current winter program. The assay labs have been backed up but we hope to update the market in the coming weeks with more results along with clarity around the plans and objectives for the rest of this program,” commented Terry Lynch, CEO of Power Nickel.

Exploration under the 2025 drill program is now underway, with one drill rig currently operating. A second rig is to be added to the program in the first week of February, with a third rig to be added by mid-February. The company also continues to review data from the 2024 electromagnetic ground and borehole surveys, which is expected to identify multiple conductive targets, including extensions to the Lion zone.

Power Nickel last traded at $1.10 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.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Power Nickel Hits 4.19% Copper Equivalent Over 39.6 Metres

Power Nickel (TSXV: PNPN) has continued to hit high grade results at its Lion Zone...
Monday, October 28, 2024, 02:27:27 PM

Power Nickel Begins Nisk 2024 Winter Drill Program

Drilling has begun under a planned winter 2024 exploration program at Power Nickel's (TSXV: PNPN)...
Friday, January 19, 2024, 08:35:50 AM

Power Nickel To Use Sound Mapping Tech To Further Explore Nisk Project

Power Nickel (TSXV: PNPN) is going high-tech. The firm has revealed that it has partnered...

Tuesday, January 31, 2023, 08:29:25 AM

Power Nickel Hits 8.17% Copper Over 14.4 Metres At Lion Discovery

Power Nickel (TSXV: PNPN) has seen continued success from drill testing its Lion Discovery, a...
Tuesday, April 23, 2024, 08:32:54 AM

Power Nickel Begins 8,000 Metre Exploration Program Targeting Lion Discovery

While results continue to be released for its winter drill program, Power Nickel (TSXV: PNPN)...
Monday, June 10, 2024, 09:54:46 AM