Power Nickel Intersects 0.62% Nickel, 0.63% Copper Over 12.7 Metres

FULL DISCLOSURE: This is sponsored content for Power Nickel.

The final results of a fall 2023 drill campaign have been released by Power Nickel (TSXV: PNPN) this morning. The results consist of assays from a total of six holes conducted at the Nisk nickel sulfide PGM project in Quebec.

Highlights from the results include:

  • PN-23-037: 0.24% nickel, 0.07% copper, 0.14 ppm palladium over 14.00 metres, from a depth of 516.00 metres
  • PN-23-038: 0.44% nickel, 0.34% copper, 0.55 ppm palladium, 0.09 ppm platinum over 14.00 metres from a depth of 551.20 metres
  • PN-23-040: 0.62% nickel, 0.63% copper, 0.78 ppm palladium, 0.22 ppm platinum over 12.77 metres from 641.68 metres depth
  • PN-23-042: 0.71% nickel, 0.12% copper, 0.42 ppm palladium over 7.77 metres from 801.70 metres depth

Four of the six holes are said to impact the resource estimate for Nisk, thanks to high grade zones that were intersected.

“The fall campaign was another successful drilling program for Power Nickel. We will add these holes to our database, allowing us to expand our mineral resource estimate footprint,” commented CEO Terry Lynch.

The winter 2024 drill program, which began back in January, meanwhile is focused on capitalizing on an ambient noise tomography program conducted last year. The winter program intends to test four targets identified by the program, which have demonstrated a signature similar to that of the Nisk Main deposit.

“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 Lynch at the time of announcement.

READ: Power Nickel Begins Nisk 2024 Winter Drill Program

The program will also look to test the extensions of hole PN-23-031A, which last year intersected 5.71 g/t palladium, 20.76 g/t platinum, 0.28 g/t gold and 1.47% copper over 7.75 metres last year, and aims to expand the known resource at Nisk Main.

“While we are pleased with our fall work, we believe the drilling program we have embarked on this winter will yield our best results to date,” Lynch concluded this morning.

Power Nickel last traded at $0.235 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.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

Power Nickel Reports 0.88% Nickel, 0.56% Copper Over 40.30 Metres

Power Nickel (TSXV: PNPN) hit the wire this morning with fresh drill results from a...

Thursday, January 12, 2023, 08:26:44 AM

Quebec Critical Mineral Explorers Get Boost From Tax Credits

FULL DISCLOSURE: This is sponsored content for Power Nickel. The recent Canadian federal government budget introduced...

Monday, May 22, 2023, 01:33:00 PM

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

Power Nickel Offsets Carbon For 40,000 Metres Of Drilling

Power Nickel (TSXV: PNPN) is looking to set itself apart from other mineral explorers. The...

Thursday, January 26, 2023, 09:10:08 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