FULL DISCLOSURE: This is sponsored content for Power Nickel.
Drill results continue to trickle out from the ongoing exploration being conducted by Power Nickel (TSXV: PNPN) at their Nisk nickel-copper project in the James Bay region of Quebec. A further three holes saw assay results released this morning.
“Once again, Nisk is delivering very promising results. Hole 28 is a high-grade nickel hole with robust cobalt and PGM values. The Nisk Main zone has been very cooperative, with each set of assays having large high-grade intercepts as we look to build a commercial resource,” commented Power Nickel CEO Terry Lynch on the results.
Highlights from the results include:
- PN-23-025: 13.25 metres of 0.35% nickel, 0.18% copper, 0.24 g/t palladium, 0.03 g/t platinum from 391.0 metres
- PM-23-027: 4.09 metres of 0.78% nickel, 0.34% copper, 1.44 g/t palladium, 0.03 g/t platinum from 325.5 metres
- PM-23-028: 14.40 metres of 1.01% nickel, 0.27% copper, 0.88 g/t palladium, 0.13 g/t platinum from 414.1 metres
The company indicated that follow-up ground geophysics are slated to occur this summer as a means of better understanding the geometry of the known mineralization. The study is expected to assist the company in better targeting specific areas where mineralization may be thicker as a result of folds.
READ: Power Nickel Intersects 20.76 g/t Platinum Over 7.75 Metres At Newly Discovered Zone
“All of these assay results will be captured in our new NI 43-101, which we expect to be delivered in Q3. Our Fall and winter campaigns were very productive, and we have one more set of assays to go, and we are excited to see those sometime in Mid-June,” concluded Lynch.
Power Nickel last traded at $0.26 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.
