Core Viewpoint - Power Metallic Mines Inc. has announced the results from its fall 2024 drilling campaign, highlighting significant mineralization in both the Lion and Tiger zones, with promising assay results indicating potential for further exploration and development [1][3][4]. Lion Zone - The drilling campaign included six holes, with PN-24-092 and PN-24-093 confirming the eastern plunge extent of the Lion zone, with PN-24-093 providing the deepest intersection to date [3][4]. - Hole PN-24-086 returned high PGE values, including 1.55m at 65.09 g/t Pd, indicating strong mineralization near the surface [4][6]. - Additional drilling below previously reported hole PN-25-096 has revealed significant visible mineralization, including massive Cu/Ni zones, with assays pending [3][4]. Tiger Zone - Drilling in the Tiger zone aimed to test a weak airborne EM anomaly, with hole PN-24-090 confirming the presence of a mineralized structure despite missing the anomaly source [6][10]. - Hole PN-24-094 intersected narrow zones of massive Ni/Cu sulphides, indicating potential for further mineralization in the area [7][10]. - Follow-up BHEM surveys have identified additional off-hole conductors, suggesting further exploration opportunities in the Tiger zone [9][10]. Assay Results - Significant assay results from the Lion zone include: - PN-24-086: 1.55m at 65.09 g/t Pd, 0.31% Cu, and 0.10% Ni [6]. - PN-24-092: 11.60m with various metal values including 0.37% Cu and 0.31% Ni [6]. - For the Tiger zone, notable results include: - PN-24-094: 9.90m with 0.24% Cu and 0.73 g/t Pd [10]. - PN-24-090: Multiple narrow zones of Cu, PGE, Au, and Ag confirming mineralization [10]. Exploration Strategy - The company is utilizing Borehole EM (BHEM) as a primary tool for discovering more mineralization, with successful identification of sulphides in follow-up drilling [5][9]. - The Nisk project, which includes the Lion and Tiger zones, is positioned as a significant opportunity for developing a high-grade nickel-copper PGM, gold, and silver mine in Canada [13][14].
Power Metallic Expands the Lion Zone with Deepest Assayed Intersection to Date and Delivers Initial Ni/Cu Assays from the Tiger Zone