Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) announced the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
Highlights:
PN-24-071 returned:
39.6 m of 0.38 g/t Au, 19.57 g/t Ag, 2.62 % Cu, 3.37 g/t Pd, 0.80 g/t Pt and 0.13% Ni
Including:
11.60 m of 0.88 g/t Au, 49.9 g/t Ag, 8.25 % Cu, 9.57 g/t Pd, 2.64 g/t Pt and 0.34% Ni
which includes:
3.00 m of 1.56 g/t Au, 63.03 g/t Ag, 10.39 % Cu, 11.42 g/t Pd, 7.90 g/t Pt and 0.32% Ni
PN-24-073 returned:
29.10 m of 0.25 g/t Au, 4.97 g/t Ag, 0.51 % Cu, 1.52 g/t Pd, 0.70 g/t Pt and 0.06% Ni
Including:
2.10 m of 0.21 g/t Au, 20.67 g/t Ag, 3.53 % Cu, 4.05 g/t Pd, 0.10 g/t Pt and 0.27% Ni
And including:
3.00 m of 1.67 g/t Au, 14.93 g/t Ag, 0.89 % Cu, 10.36 g/t Pd, 5.71 g/t Pt and 0.04% Ni
Figure 1 below is a vertical longitudinal section, presenting the location of the recent holes drilled at the Lion Zone discovery.
Table 1 below presents the significant results of previously released holes, and the current assays. The complete set of results obtained demonstrates a tremendous success rate, which contributes to a continuously increasing level of confidence about the continuity of the zone.
Drilling was paused for one month to allow for the local indigenous hunting season and has now restarted. Two drills are on site and targeting expansions to the Lion Zone. Samples will be expedited to the lab and results will be released as they are received.
Table 1: Significant recent assay results obtained at the Lion Discovery zone
Figure 2 below is a cross-section through the Lion Zone, along the holes reported in this current release, presenting the new assay results in their geological context. Core photos provide a visual support, allowing appreciation of the good correlation between sulphides presence and reported polymetallic grades.
QAQC and Sampling
GeoVector Management Inc (“GeoVector”) is the Consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core.
All samples were submitted to and analyzed at Activation Laboratories Ltd (“Actlabs”), an independent commercial laboratory for both the sample preparation and assaying. Actlabs is a commercial laboratory independent of Power Nickel with no interest in the Project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratories. Samples submitted through Actlabs are run through standard preparation methods and analysed using RX-1 (Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 μm) preparation methods, and using 1F2 (ICP-OES) and 1C-OES – 4-Acid near total digestion + Gold-Platinum-Palladium analysis and 8-Peroxide ICP-OES, for regular and over detection limit analysis. Pegmatite samples are analyzed using UT7 – Li up to 5%, Rb up to 2% method. Actlabs also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.
GeoVector’s QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.
The results presented in the current Press Released are complete within the mineralized intervals, but results are still pending for the top portion of both holes reported. QAQC and data validation was performed on these portions of the holes where assays are fully integrated, and no material error were observed.
Qualified Person
Kenneth Williamson, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing on developing the high-grade Nisk project into Canada’s first Carbon Neutral Nickel mine.
The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.
Power Nickel is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our Content Disclaimer.
