Power Nickel Inc (TSX-V:PNPN)told investors it has commenced its fall drilling program at the Nisk project with the drilling of a deep target hole, PN-23-036.
The company noted that the hole is testing at depth an area to the east of two of the best holes so far at the project, PN-22-009 and PN-23-035.
It said the latest hole is approximately 300 metres (m) south and east of holes PN-22-009 and PN-23-035.
“We would anticipate hitting the massive sulfide body at a vertical depth of 390 metres,” Power Nickel said in a statement.
“This will be the first in a series of deeper holes testing some of the best previous holes where they were open at depth.”
Power Nickel said the fall drill program will test a series of airborne electromagnetic (EM) targets hosted by the ultramafic body. The areas targeted by the currently planned drilling are also further corroborated by the Ambient Noise Tomography (ANT) surveys being completed by contractor Fleet Space Technologies. In addition, it said downhole EM will complement the ANT and the ongoing target generation for massive sulfide zones hosted by the ultramafic body.
It plans to mobilize a second drill in late September to drill several holes to follow up the results from drill hole 23-031A in the Wildcat area, approximately 4 km northeast of the main Nisk Zone.
This drill hole intersected 20.76 grams of platinum, 5.71 grams of palladium, 1.47% of copper, and 0.28 grams of gold over 7.75 metres at a downhole depth of 60 metres.
Power Nickel is a Canadian junior exploration company focusing on developing the high-grade Nisk project into Canada's first carbon-neutral nickel mine.
In addition to the Nisk project, Power Nickel owns significant land packages in British Colombia and Chile. Power Nickel is expected to reorganize these assets in a related public vehicle through a plan of arrangement.
Contact the author at stephen.gunnion@proactiveinvestors.com