Power Metallic Mines (TSX-V:PNPN) is expanding its Canadian summer exploration program at the Nisk Project in Canada, deploying three geophysical surveys to expedite the hunt for deeper nickel-copper-platinum group elements mineralisation.
An ambient noise tomography survey is planned on the Nisk Far West target, while a gravity survey will be completed over the Lion target area. A superconducting quantum magnetometer SQUIDs survey will also be carried out over the Lion area.
Power Metallic says these techniques will sharpen targeting for the Lion Zone extensions and new discoveries across the expanding property, leveraging the company’s 2025 land acquisitions.
A regional lake sediment survey will also be carried out this Canadian summer. The survey aims to uncover potentially mineralised watersheds while also forming part of the environmental baseline studies that have been initiated in anticipation of future feasibility reports that will require environmental mitigation planning for any mine development.
In addition, field mapping and prospecting of the large Nisk land package will begin to identify the sources for untested magnetic and electromagnetic targets uncovered in previous surveys.
Over the next six months, Power Metallic will also be completing more than 30,000m of exploration drilling across Nisk. Mobilisation for this drilling campaign is currently underway.
Lion Zone’s roaring assays
As previously reported, Power Metallic recently received assays from its Canadian winter drilling campaign, which included 10.30m @ 4.04% copper-equivalent and 4.07m @ 8.73% copper-equivalent.
Concurrently, metallurgical testing also confirmed “strong recovery potential” from disseminated low-grade zones.
This news comes as the company awaits more assay results which will form the basis of a resource estimate for the Lion Zone. The upcoming resource estimate will also form the basis for a preliminary economic assessment, which will begin immediately following the completion of the resource.
The Lion Zone forms part of the Nisk Project, which is a nickel-copper sulphide deposit with mineralisation for multiple battery metals including cobalt, palladium, and platinum.
Power Metallic believes that Nisk has the potential to be a “polymetallic supergiant”, similar to the Norilsk asset.
The project benefits from being centrally located with critical infrastructure already in place. It is located beside a major highway, with a nearby town and airport, and is found across the road from a Hydro-Québec substation, which supplies inexpensive and low-carbon hydropower.
Write to Aaliyah Rogan at Mining.com.au
Images: Power Metallic
