Power Metallic Mines (TSX-V:PNPN) CEO Terry Lynch says the company is “bullish” on its discovery process at the Lion Zone in Canada, after receiving results from a winter drill campaign.
Drilling has been continuing to define the Lion Zone, ahead of a 2026 resource estimate. The majority of the infill holes are mostly defining the eastern side of the Lion Zone for future resource estimates to an indicated resource classification.
The 2026 drilling campaign supports the modelling interpretation of the Lion Zone based on earlier wide-spaced drilling and includes hole PML-26-050 which intersected 4.76m @ 10.43% copper-equivalent.
Meanwhile hole PML-26-052 returned 4.35m @ 5.94% copper-equivalent, confirming the expected mineralisation modelled from the earlier wider-spaced drilling in this area.
Lynch adds that the drilling continues to deliver as or better than expected.
“The shallow hole success, which we expect assays to confirm what we are seeing in the cores, should be very supportive to the starter open pit,” the CEO says.
“This all will support the upcoming mineral resource estimate and preliminary economic assessment. On the exploration side, the drill bit continues to give us clues and point us to more structures to test.”
The Lion Zone sits within the broader Nisk Project which benefits from being centrally located with critical infrastructure already set up nearby. The company says Nisk has potential to be a polymetallic supergiant, with copper, nickel, platinum, palladium, cobalt, gold, and silver.
Write to Aaliyah Rogan at Mining.com.au
Images: Power Metallic Mines
