FULL DISCLOSURE: The Deep Dive is long the equity of Power Nickel.
Power Nickel (TSXV: PNPN) continues to hit high grade mineralization at its Lion Zone, a new discovery at its flagship Nisk project in Quebec. The polymetallic zone continues to reveal high grade mineralization as the drill team pushes to the west in an effort to expand the zone.
Highlights from the results include:
- PN-24-072: 3.82% copper equivalent (1.27 g/t gold, 20.30 g/t silver, 2.53% copper, 1.01 g/t palladium, 2.42 g/t platinum and 0.15% nickel) over 19.60 metres, from a depth of 325.4 metres
- Including 4.63% copper equivalent (0.31 g/t gold, 16.22 g/t silver, 3.01% copper, 1.49 g/t palladium, 3.14 g/t platinum and 0.17% nickel) over 12.50 metres
- PN-24-074: 0.89% copper equivalent (0.15 g/t gold, 3.06 g/t silver, 0.60% nickel. 0.02 g/t palladium, 0.13 g/t platinum and 0.11% nickel) over 23.55 metres from a depth of 290.0 metres
- PN-24-075: 1.65% copper equivalent (0.14 g/t gold, 5.45 g/t silver, 1.04% copper, 0.53 g/t palladium, 1.22 g/t platinum and 0.05% nickel) over 19.20 metres from a depth of 321.5 metres
- Including 6.62% copper equivalent (0.23 g/t gold, 15.29 g/t silver, 5.31% copper, 0.27 g/t palladium, 4.36 g/t platinum and 0.23% nickel) over 3.05 metres
“As we push west, we are learning more about the mineralized zone and how it behaves, and our ability to track and anticipate the zone is improving. We are now routinely using downhole EM in all our new holes, giving our exploration team insight into a radius of about 200 metres. While the summer drilling program was done on a smaller 50 metre fan drilling approach, the fall and winter programs are successfully drilling 150 plus metres step outs with this technique. Look for more roars from our Lion Zone soon,” commented Terry Lynch, CEO of Power Nickel on the results.
Two drill rigs are currently conducting active drilling, targeting expansions to the Lion Zone to the west, as well as exploring promising ground 250 metres to the east of the discovery hole.
Power Nickel last traded at $0.74 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.
