Power Nickel (TSXV: PNPN) is going high-tech. The firm has revealed that it has partnered with Fleet Space Technologies, an Australia-based firm using microsatellites for mineral exploration.
The arrangement will see Power Nickel employ the use of sound mapping technology developed by Fleet Space to locate further high-grade nickel sulfide deposits at the firms flagship Nisk project in Quebec. Referred to as ExoSphere, the tech uses ambient noise tomography, or ANT, to develop 3D visualizations of the subsurface mineralization to a depth of 2 kilometres – with such visualizations produced in as little as four days.
The tech has successfully been used in Michigan and Minnesota, where promising results were delivered for high-grade nickel exploration programs.
Sponsored · Silver47 Exploration Inc.
WATCH: Power Nickel: The Quebec-Based Nisk Project – With Terry Lynch
Speaking to the Nisk project specifically, the tech is expected to enable Power Nickel to quickly explore a larger area of the project. To date, the company has explored roughly one square kilometre, out of the fourty five square kilometres that comprise the project. The goal of using ExoSphere is that it will increase the chances of finding further deposits and increase drilling capacity as part of a well-developed drill program.
“By using this advanced seismic tomography approach in combination with our in-house methods, we hope to increase our chances of finding more nickel ore pods at a faster rate. The two main advantages this technology offers are that we can now explore our 45-square-kilometer land package in a fraction of the time we need using traditional ground-based methods. The second advantage is that with this data, we can drill fewer meters but with increased impact,” commented Power Nickel CEO Terry Lynch.
The company has indicated previously that it intends to expand its current drill program by a further 7,500 to 10,000 metres, with that drilling expected to now be underway. The program is set to build upon recent successful results, with the company intersecting mineralization consisting of 0.88% nickel, 0.56% copper, 0.06% cobalt, 1.64g/t palladium and 0.15 g/t platinum over 40.30 metres among other results.
Power Nickel last traded at $0.225 on the TSX Venture.
FULL DISCLOSURE: Power Nickel is a client of Canacom Group, the parent company of The Deep Dive. 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.
