Power Nickel (TSX-V:PNPN) is offsetting the carbon footprint of 30,000m of drilling at its Nisk Project in the Eeyou Istchee James Bay territory of Québec.
The company is partnering with Karbon-X as part of its effort to establish the project as Canada’s first carbon neutral mine.
CEO Terry Lynch says in the company’s search for more nickel, it discovered the Lion Zone, which has “dramatically ramped up” the drilling program.
“We remain firm on our objective of delivering a carbon neutral mine that is increasingly looking like it will be not just nickel, but polymetallic, with other critical minerals, notably copper, as well as high grades of platinum, palladium, gold, and silver,” he says.
“We are once again pleased to be working with Karbon-X and their DrillGreen program to completely offset the environmental impact of our exploration drilling.”
Power Nickel previously retired 159 Verra verified carbon units (VCUs) to neutralise emissions from exploratory drilling.
These VCUs are carbon credits and each one represents a reduction or removal of 1 tonne of carbon dioxide equivalent.
Power Nickel is continuing to expand near-surface mineralisation at its Nisk Project with a recent multi-element discovery at the Lion prospect.
One of 15 holes drilled at Lion as part of the company’s winter 2024 drilling program returned 15.4m @ 0.44 grams per tonne (g/t) gold, 22.04g/t silver, 5.06% copper, 13.12g/t palladium, 3.35g/t platinum, and 0.15% nickel.
That includes a higher-grade interval measuring 3.35m @ 0.7g/t gold, 60.36g/t silver, and 17.26% copper.
The Nisk property comprises 20km of strike, along which Power Nickel says it has drilled numerous high-grade intercepts.
The company is focused on expanding the historical high-grade nickel-copper-platinum group element mineralisation via a series of drill programs aimed at testing the initial Nisk discovery zone and exploring for adjacent potential nickel deposits.
Power Nickel also owns projects in British Columbia and Chile, which the company is in the process of spinning out into Consolidated Gold and Copper through a plan of arrangement that will be presented to shareholders for approval.
Write to Angela East at Mining.com.au
Images: Power Nickel
