Power Nickel Inc. Reports Major Advances in Lion Zone Discovery

Exciting Assay Results from Power Nickel's Lion Zone Discovery

Power Nickel Inc., a leader in the exploration of high-grade nickel and other metals, is thrilled to announce significant updates regarding its Lion Zone project. Recently, Hole 72 successfully delivered 19.60 metres with an impressive 3.82% CuEq, showcasing the company's ongoing commitment to exploration and discovery.

Details of Recent Drilling Results

The impressive results from Hole 72 included values such as 1.27 g/t Au, 20.30 g/t Ag, 2.53% Cu, 1.01 g/t Pd, 2.42 g/t Pt, and 0.15% Ni, confirming the high-quality mineralization in the area. These figures highlight the continuing success of Power Nickel's drilling campaign, indicating 19.60 metres of promising mineral grade, further solidifying the potential of the Lion Zone.

Highlights from Recent Drilling

The following are key highlights from the recent assays:

• PN-24-072 returned: 19.60 m of 1.27 g/t Au, 20.30 g/t Ag, and 2.53% Cu, including 12.50 m of higher grades.
• PN-24-074 returned: 23.55 m with notable values of 0.15 g/t Au and 0.60% Cu, showcasing significant results.
• PN-24-075 demonstrated strong performance with 19.20 m of 0.14 g/t Au and 1.04% Cu.

“With these results, it's evident that we are expanding the potential of the Lion Zone significantly,” stated Terry Lynch, CEO of Power Nickel. “The recent drilling indicates robust mineral presence, with exploration techniques offering insights to navigate further into the zone with confidence.”

Exploration Strategy and Future Plans

Power Nickel continues to refine its exploration strategy, utilizing advanced downhole electromagnetic (EM) technology that provides valuable insights into mineral distribution up to 200 metres away from the drilling sites. The summer drilling program involved a focused 50-metre fan drilling approach, which proved successful. Moving forward, the company aims to extend the drilling interval to over 150 metres, maximizing the potential yield of discoveries.

Understanding the Geological Context

As drilling progresses, two active rigs are targeting expansions in the Lion Zone with focused efforts on various promising locations. Recent figures show consistent increases in the size of the mineralized zones, confirming understanding of geological configurations. This approach gives the team the ability to confidently plan for future drilling and explore adjacent areas effectively.

Importance of Quality Assurance

GeoVector Management Inc. oversees the drilling operations, ensuring rigorous sampling and analysis. Independent laboratory Activation Laboratories Ltd. (Actlabs) conducts comprehensive testing, solidifying the validity of the results obtained through absolute industry-calibrated precision.

QAQC Measures

The company's quality assurance and control program includes systematic insertion of standards, duplicates, and blanks to maintain accuracy in sample preparation and results verification. According to the latest assessment, no material discrepancies were found in the data provided, increasing confidence in the findings disclosed.

Recognizing the Contributions

Through this exploration campaign, Power Nickel appreciates the service of all personnel and is committed to honoring the heritage of the region as significant contributions are being made towards the discovery of critical mineral resources.

About Power Nickel Inc.

Power Nickel Inc. is a Canadian junior exploration company focusing on developing its high-grade nickel-copper PGM project, Nisk, into Canada's next polymetallic mine. Since acquiring the Nisk project, Power Nickel has expanded its exploration efforts significantly, yielding promising results and establishing itself as a formidable player in the mining sector.

The company also anticipates forthcoming developments regarding further exploration in British Columbia and Chile, anticipating to reorganize its significant land packages to create more value. Power Nickel is committed to reshaping its prospects within exploration, aiming to unlock the potential of its holdings with strategic planning and innovative methods.

Frequently Asked Questions

What recent results did Power Nickel Inc. announce?

Power Nickel Inc. reported assay results showing 19.60 metres with 3.82% CuEq from Hole 72, highlighting continuing exploration success.

What are the highlights from the drilling results?

The highlights include impressive grades from PN-24-072, PN-24-074, and PN-24-075, demonstrating significant polymetallic presence.

What is the exploration strategy moving forward?

Power Nickel aims to extend drilling intervals and employ advanced technology for enhanced insights into mineralization.

Who oversees the drilling operations for Power Nickel?

GeoVector Management Inc. is in charge of the drilling program, ensuring quality and accuracy of the sampling and results.

What does Power Nickel Inc. focus on?

Power Nickel focuses on developing its Nisk project into a high-grade polymetallic mine while exploring further valuable opportunities in the mining sector.

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