Power Nickel (TSX-V:PNPN) is continuing to expand near-surface mineralisation at its Nisk Project in Québec, Canada, after making a multi-element discovery at the Lion prospect.
One of 15 holes drilled at Lion as part of the company’s winter 2024 drilling program, hole PN-24-055 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.
CEO Terry Lynch says this is a “special” discovery that has helped the company identify various patterns at the Nisk Project.
“With copper and metal prices surging, this is such a great find. We are excited to see how this discovery can grow from here,” he says.
Power Nickel notes 3D modelling and interpretation of secondary lithologies and structures from core logging and geochemistry data is ongoing as more results become available.
Consulting firm GeoVector Management performed the winter drilling program, including core logging and sampling of the drill core.
All samples have been submitted at Activation Laboratories for analysis and assaying.
Power Nickel now intends to continue drilling at the Lion prospect during the upcoming summer season, targeting the deepest mineralised intersections to date.
The Nisk property comprises 20km of strike length and is considered prospective for nickel, copper, cobalt, and platinum group elements.
Power Nickel is a Canadian junior explorer focused on developing the Nisk Project into Canada’s first carbon neutral nickel mine.
Write to Aaliyah Rogan at Mining.com.au
Images: Power Nickel
