Exciting Drill Results from Power Nickel Highlight Lion Zone Potential

Power Nickel Releases Outstanding Drilling Results

Power Nickel Inc. (TSXV: PNPN) has delivered exciting drill results recently, showcasing the high potential of its Lion zone. The drilled hole PN-24-079 recorded a remarkable 6.26% copper equivalent (CuEq) over 10.25 meters from a broader 4.29% CuEq over 20.05 meters. These results are paving the way for the Winter 2025 drill campaign, set to thoroughly explore the immense potential of this area.

Details of the Drilling Campaign

The recent drilling campaign marked the return to three previously drilled holes, focusing on assessing the depth and western extensions of the Lion zone. Specifically, hole PN-24-079 was strategically located below hole PN-24-078, intersecting a significant high-grade zone. Additionally, hole PN-24-080, situated roughly 75 meters west of PN-24-079, yielded sporadic results, with values around 0.38% Cu, 0.213 g/t palladium (Pd), and 0.36% Cu in separate assays. Hole PN-24-081, testing about 100m below hole PN-24-080, encountered the top edge of the main Lion Zone, returning promising results of 1.85% CuEq over 4.85 meters.

Significant Assay Results

Table 1 summarizes the significant results from the current drilling campaign, reflecting the continuity and expansion potential of the Lion Zone:

• Hole PN-24-079: 6.26% CuEq over 10.25m, 4.29% CuEq over 20.05m.
• Hole PN-24-081: 1.85% CuEq over 4.85m.

Looking Ahead: Winter 2025 Drilling Program

The drilling program for 2025 is already in motion, with a technical crew on-site performing core cutting of the remaining December drill core, preparing drill roads and pads, and enhancing core logging and sampling facilities. With plans for multiple drills to be operational by mid-February, the team's increased capacity aims to expedite results while building the potential mineral resource significantly.

Geophysical Exploration Enhancements

In addition to drilling, the company continues to utilize expert interpretations from the 2024 electromagnetic (EM) surveys. The anticipated results are expected to identify multiple conductive targets, which could highlight extensions of the Lion zone and potential new areas of interest along several kilometers of mineralized structures. The insights from these EM surveys promise to keep exploration efforts active during the ongoing campaign.

CEO's Perspective on Recent Success

Terry Lynch, the CEO of Power Nickel, remarked on the team's growing excitement surrounding the continuing discoveries at Lion zone. He emphasized the optimism for completing an additional 15,000 meters of drilling through early April 2025. As the drilling results materialize, they are expected to provide clarity on strategic plans while underscoring the potential of this prolific area.

Importance of Continued Exploration

Power Nickel is dedicated to building a comprehensive understanding of the Lion zone through continuous learnings from each drill hole. Their commitment to employing techniques like downhole EM is aimed at maximizing exploration results and refining their drilling strategy further as they collect data and refine geological models.

About Power Nickel Inc.

Power Nickel is a Canadian exploration company focused on developing the high-grade Nickel Copper PGM, Gold, and Silver Nisk project into the country's next polymetallic mine. The Nisk property encompasses a substantial land position of around 20 kilometers, featuring numerous high-grade intercepts. The organization’s goal is to expand mineralization across the Nisk and Lion discovery zones, exploring adjacent areas for potential deposits.

Frequently Asked Questions

1. What recent drilling results did Power Nickel announce?

Power Nickel announced significant assay results, including 6.26% CuEq over 10.25 meters and 4.29% CuEq over 20.05 meters from hole PN-24-079.

2. How many holes are planned for the Winter 2025 drill campaign?

The company plans to complete an additional 15,000 meters of drilling, with approximately 14 more holes expected to be reported from the autumn drilling program.

3. What is the significance of the Lion zone?

The Lion zone represents a highly promising exploration target with exceptional continuity and consistency demonstrated by drill results, indicating strong potential for future resource estimates.

4. Who is the CEO of Power Nickel?

The CEO of Power Nickel is Terry Lynch, who has been vocal about the company's commitment to advancing exploration efforts.

5. Where is Power Nickel's Nisk project located?

Power Nickel's Nisk project is located in Canada and aims to become a leading player in the exploration of high-grade nickel, copper, and precious metals.

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