Power Metallic Updates on Metallurgical Testing Progress
Metallurgical Testing Initiated by Power Metallic
Power Metallic Mines Inc. (TSXV: PNPN) is excited to announce the commencement of metallurgical testing on the promising Lion Deposit. This crucial study is being carried out by SGS Canada Inc. at their facilities in Quebec City and Lakefield. It marks a significant step forward in assessing the economic viability of the project, aiming to provide crucial data for future evaluations.
Importance of Metallurgical Testing in Mining Projects
The process of metallurgical testing is vital for mining companies as it helps reduce risks associated with project development. This step is particularly essential for the preparation of NI 43-101 reports, which outline resource estimates and economic potential. Although Power Metallic does not currently plan to produce a NI-43-101 resource report, the findings from this study will provide independent analysts with critical recovery estimates for assessing the economic value of the Nisk project.
Details of the Testing Process
Power Metallic undertook a competitive bidding process to select SGS Canada Inc. for this taskdue to their extensive experience in flotation metallurgical testing. Sample composites are being prepared in Quebec City, while analyses and environmental assessments will take place in Lakefield. The initial assessments have detected copper mineralization within coarse-grained chalcopyrite and cubanite, suggesting that traditional sulfide concentration methods could yield successful recovery rates.
Understanding the Lion Deposit
The Lion deposit comprises two distinct zones: the high-grade (HG) zone and the lower-grade hanging-wall (LG) zone. The majority of the metal value resides within the high-grade zone, which features a semi-massive to massive copper sulfide mineralization structure. By analyzing the two zones separately, Power Metallic aims to develop a comprehensive understanding of the deposit's potential.
Collection and Preparation of Sample Material
To perform accurate metallurgical studies, Power Metallic has compiled drill core reject samples that represent the diverse mineralization across the deposit. The high-grade zone is assessed by 103 samples from 15 drill holes, while the lower-grade zone is represented by 99 samples from 10 drill holes. This comprehensive sampling strategy ensures the testing results will reflect the characteristics of the entire deposit.
Composite Formation for Testing
Each zone's sample rejects constitute approximately 300 kg of material, carefully delivered to the SGS laboratory. From these samples, SGS will create 75 kg composites for both the high-grade and low-grade zones, ensuring proper representation of the geological intervals during testing. The blending of these materials will help assess the overall recovery of copper, palladium, platinum, gold, silver, and nickel from the deposit.
Timeline and Expectations for Results
The metallurgical tests are expected to take about 14 weeks to complete. Power Metallic is committed to sharing the results with stakeholders as soon as they are available. However, a finalized report on the findings is currently anticipated well into the next phase of project evaluation.
Lead Management and Oversight
Joseph Campbell, P.Geo, the VP of Exploration at Power Metallic, is the qualified person overseeing the study, ensuring that the technical disclosures comply with industry standards. His expertise provides an added layer of confidence in the integrity of the testing process and resulting data.
About Power Metallic Mines Inc.
Power Metallic is a Canadian exploration company dedicated to developing the Nisk Project Area, which includes the Nisk, Lion, and Tiger deposits featuring high-grade copper, platinum group elements (PGE), nickel, gold, and silver systems. With strong ambitions, Power Metallic is on a journey toward establishing Canada’s next polymetallic mine.
Future Endeavors and Land Holdings
Following strategic acquisitions, Power Metallic now oversees a significant land package, expanding its exploration capabilities and drilling programs. This enhances their commitment to discovering and developing mineral resources effectively.
Contact Information
For more insights or inquiries, please reach out to:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON
Frequently Asked Questions
What is the Lion deposit?
The Lion deposit is part of the Nisk Project Area, characterized by high-grade mineralization containing copper, platinum, and other metals.
Who is carrying out the metallurgical testing?
The testing is being conducted by SGS Canada, known for their expertise in metallurgical and environmental testing.
What significant findings are expected from the testing?
The testing aims to determine recovery rates for various metals, including copper, gold, and palladium, helping assess the deposit's economic potential.
How long will the testing take?
The metallurgical tests are estimated to take around 14 weeks to complete, with results released soon thereafter.
Who oversees the metallurgical testing?
Joseph Campbell, the VP of Exploration, is the qualified person responsible for overseeing the testing and ensuring compliance with standards.
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