Power Nickel (TSX-V:PNPN) CEO Terry Lynch says the Lion Zone, within the Nisk Project in Québec, Canada, is the “most compelling” base metals discovery, after publishing the drill assay database to date.
As part of the company’s 2025 winter exploration program, Power Nickel plans to drill west of the existing strike length followed by the eastern extension and at depth.
The company is planning to conduct a scout drilling program between the Nisk Project and the Lion Zone with relatively short holes and using the downhole electromagnetic (EM) surveys as a guide for deeper drilling.
Power Nickel expects to complete 30,000m of drilling by the end of April 2025 across the entire Nisk Project.
Lynch says the exploration team has used an array of tools including downhole EM to track the mineralised area over 550m and its open to the east and west and at depth.
“Our 30,000m drill program is incorporating all these scientific insights into future drilling efforts,” the CEO says.
“We have two drill rigs rolling on Lion now and a third is being added after Christmas.
“In the past we have shared core photos of holes before assays were reported because our exploration team believed that visual core logging was allowing them to determine where to place the next set of holes before receiving assays. The assays have backed up that assumption year to date so far.”
Based on the assays reported to date, the Lion Zone has been intercepted across a 550m strike length. The company says this mineralised zone is adjacent to an ultramafic rock unit that outcrops at surface for 1.8km.
Vice President of Exploration Ken Williamson says the company has obtained data on the structure of the mineralised zone which gives Power Nickel confidence on the next steps.
“It is exciting to have developed an understanding of the mineral system in 2024 and look forward to sunlighting the full potential of the Lion Zone in 2025,” Williamson says.
Power Nickel is a Canadian explorer focused on developing the Nisk Project, which is considered prospective for nickel, copper, platinum group metals, and silver.
Write to Aaliyah Rogan at Mining.com.au
Images: Power Nickel
