Power Metallic Mines (TSX-V:PNPN) CEO Terry Lynch says the company is in “great shape” to ramp up exploration this year, after receiving drill results from a Canadian fall drilling program at the Lion Zone in Québec.
The summer-fall 2025 program was designed to search for extensions to the Lion Zone, specifically down plunge from known mineralisation. The program also aimed to infill drill the Lion deposit to define the zone geometry to a confidence level that allows for a future resource estimate to be carried out to an indicated resource classification.
Results include 8.40m @ 8.05% copper-equivalent within 20.40m @ 4.11% copper-equivalent; and 5.10m @ 9.89% copper-equivalent included in 8.60m @ 6.34% copper-equivalent.
Power Metallic is now developing logging procedures to help identify these higher-grade precious metal zones that form part of this orthomagnetic polymetallic deposit.
The company is also expecting to receive the balance of the fall drill holes within this month. It will provide a detailed update on the exploration the company is conducting on Lion West, The Hydro lands, Tiger Deep and the Elephant exploration plays as well as initial exploration on the Li-FT acquisition ground.
Additionally, there will be further updates on the Lion Zone East expansion drilling following the recently recognised ‘high-grade’ east plunging mineralization structures extending from the Lion main zone.
Power Metallic Mines is a Canadian mineral explorer focused on advancing the Nisk Project – a copper-platinum group element, nickel, gold and silver system.
Write to Aaliyah Rogan at Mining.com.au
Images: Power Metallic Mines
