Power Metallic Mines (TSX-V:PNPN) has received its first batch of assays from drilling conducted from late 2025 to early 2026 at the Lion Zone in Québec ahead of a resource estimate.
The company has returned its “best copper intersection” to date in this batch of assays, with a highlight of 16.55m @ 10.08% copper at hole PML-26-049.
Power Metallic says the hole PML-26-049 expands the zone, which has potential to allow early open pit extraction in future operations.
The company also returned 4.16m @ 4.15% copper and 7.6m @ 7.3% copper equivalent recovered.
As reported by Mining.com.au last week, Power Metallic identified westerly and easterly plunges at the Lion East and Lion West target zones
CEO Terry Lynch says this batch of assays are another “very impressive” set returned from the Lion Zone.
“The market certainly has not fully appreciated just how productive this discovery has become,” Lynch says.
“Despite current analyst estimates, the very high metallurgical recoveries, and the ongoing high-grade assays at Lion, Power Metallic is still heavily discounted vis-a-vis our peers.
“To change this we will continue to deliver excellent results leading to a near term preliminary economic assessment, and keep communicating our positive message about the value and potential of our high-grade copper and precious metals discovery.”
Power Metallic is a Canadian explorer focused on copper-platinum group elements, nickel, gold, and silver.
Write to Maddison Elliott at Mining.com.au
Images: Power Metallic Mines
