{"id":30859,"date":"2025-01-21T09:41:02","date_gmt":"2025-01-21T14:41:02","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=30859"},"modified":"2025-01-21T09:42:58","modified_gmt":"2025-01-21T14:42:58","slug":"power-nickel-kicks-off-2025-drill-campaign-with-three-new-results","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/power-nickel-kicks-off-2025-drill-campaign-with-three-new-results\/","title":{"rendered":"Power Nickel Kicks Off 2025 Drill Campaign with Three New Results"},"content":{"rendered":"

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF)<\/strong> announces 3 additional holes from the fall campaign. These holes were testing the depth and western extensions of the Lion zone.<\/p>\n

Hole PN-24-079 tested the interpreted plunge of the Lion zone below Hole PN-24-078 (news release\u00a0December 18, 2024<\/span>), and intersected the main high grade zone.<\/p>\n

Hole PN-24-080, drilled approximately 75 meters further west from hole PN-24-79, intersecting the mineralized horizon above the interpreted plunge of the zone and only returned sporadic metal values (0.38% Cu, 0.213 g\/t Pd and 0.36% Cu in separate assays).<\/p>\n

Drill hole PN-24-081 tested approximately\u00a0100m<\/span>\u00a0below hole PN-24-080 and caught the top edge of the main Lion Zone returning 4.85 meters of 1.85% CuEq1<\/sup>.<\/p>\n

Results are outlined in Table 1 below.<\/p>\n

Figure 1: Longitudinal view across the Lion Zone Area, presenting the CuEq Rec x meters, with interpreted plunge direction extension\u00a0<\/span><\/h4>\n

\"\"<\/p>\n

(CNW Group\/Power Nickel Inc.)<\/span><\/p>\n

Table 1<\/strong>\u00a0below presents the significant results of the current assays.<\/p>\n

Previously released results are included at the end of this news release\u00a0(Table 2)<\/strong>. The current results validate the expected strike, dip and plunge extensions to the Lion deposit model and increase the level of confidence about the continuity of the zone.<\/p>\n

Table 1: Significant assay results from this news release – Lion zone<\/strong><\/h4>\n

\"\"<\/p>\n

Copper Equivalent Rec Calculation<\/div>
CuEq Rec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $\/oz Au, 27.98 $\/oz Ag, 1,215.00 $\/oz Pd, 1000.00 $\/oz Pt, 4.00 $\/lb Cu, 10.00 $\/lb Ni and 22.50 $\/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers.<\/div><\/div>\n
These holes continue to inspire the team on how exciting the Lion zone is so far and its potential as we expect to complete the remaining 15,000 meters of drilling between now and the end of April 2025. We have 14 more holes to report from the autumn drilling program that will inform the current winter program. The assay labs have been backed up but we hope to update the market in the coming weeks with more results along with clarity around the plans and objectives for the rest of this program.Terry Lynch, CEO, Power Nickel Inc.<\/span><\/div><\/div>\n

The Lion Zone continues to provide excellent intersections and grades, conforming to interpreted geological modeling, and extending the mineralized area of the high-grade copper, gold, silver, and platinum group metals within the Lion zone.<\/p>\n

Our understanding of the Lion zone continues to improve, with the excellent continuity and consistency of the zone allowing us to confidently forecast where individual holes will intersect the target mineral horizon of each hole whether it’s the Lion zone itself or, for example, deploying downhole EM to amplify the aggressive step out exploration efforts. As we disclosed to the market in December, our visual logging of hole PN-24-95a (assays pending) suggests the high-grade trend will extend to depth. This bodes well for continued success expanding the zone in 2025, leading to a future robust initial mineral resource estimate.Joe Campbell, VP of Exploration, Power Nickel Inc.<\/span><\/div><\/div>\n

2025 Drill Program Underway<\/h3>\n

The 2025 program is now underway, with a technical crew carrying out core cutting of the remaining December drill core, preparing winter drill roads and pads, and upgrading the core logging and sampling facilities to manage multiple drills. The drill contractor has collared the first drill on to the initial 2025 drill site.<\/p>\n

By the first week of February a second drill will be operating, and by mid-February a third drill will be added. The increased drill capacity will allow for a much quicker turnaround of drill results, building the potential mineral resource in a shorter time<\/p>\n

In addition to the drilling program, ongoing expert interpretations of the 2024 EM ground and borehole surveys is expected to identify multiple conductive targets that will allow for a much greater expansion of the exploration effort.<\/p>\n

The EM is expected to identify extensions to the Lion zone as well as providing additional targets of similar zones along several kilometers of strike on the mineralized structures. The geophysical targets promise to keep the additional drills busy during this winter’s drill campaign.<\/p>\n

Power Nickel is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our\u00a0Content Disclaimer<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Power Nickel Inc. has an active drilling campaign planned for Q1 2025 with multiple catalysts coming.<\/p>\n","protected":false},"author":30,"featured_media":29878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[2196,2106,2518,2519,2491,2494,2486,2449,2490],"class_list":{"0":"post-30859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"tag-investing-in-copper","9":"tag-investing-in-nickel","10":"tag-investing-in-polymetallics","11":"tag-investing-in-small-cap-miners","12":"tag-otcbb-pnpnf","13":"tag-polymetallics","14":"tag-power-nickel-inc","15":"tag-small-cap-investing","16":"tag-tsxv-pnpn"},"acf":[],"yoast_head":"\nPower Nickel Kicks Off 2025 Drill Campaign with Three New Results | Capital 10X<\/title>\n<meta name=\"description\" content=\"Power Nickel Inc. has an active drilling campaign 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