FULL DISCLOSURE: This is sponsored content for Power Nickel.
The final drill results are in for the most recent exploration program conducted at the Nisk nickel-copper project operated by Power Nickel (TSXV: PNPN). Results from a total of eight holes were released this morning.
The results come from drilling that was conducted both east and west of the Main Nisk deposit, while several holes were conducted on the Nisk Main deposit as well. Highlights from the results include:
- PN-23-033: 0.71% nickel, 0.37% copper, 0.85 g/t palladium over 10.05 metres
- PN-23-034A: 0.49% nickel, 0.13% copper, 0.46 g/t palladium over 8.08 metres
- PN-23-035: 0.60% nickel, 0.39% copper, 0.50 g/t palladium and 0.11 g/t platinum over 31.86 metres
- Including 1.18% nickel, 0.80% copper, 1.14 g/t palladium and 0.28 g/t platinum over 8.82 metres
“Another strong result from our Nisk main deposit, these holes will be valuable additions to the resource calculation. This concludes an amazing drill season for us at Nisk,” commented CEO Terry Lynch.
The company intends to use the data from the 15,000 metres of drilling conducted during the season to assemble an initial mineral resource estimate, which is expected to be completed late next quarter.
READ: Power Nickel Intersects 1.01% Nickel Over 14 Metres
With the completion of the program, the company is now setting up to conduct an ambient noise tomography survey, the results of which will assist in identifying the next targets at Nisk. The company is also set to begin a new drill program in July, which will see 15,000 metres of further drilling conducted.
Power Nickel last traded at $0.23 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.
