Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has unveiled a substantial polymetallic discovery near its main Nisk Deposit.
The company disclosed high-grade multi-element assay results from three drill holes that showcased encouraging findings in gold (Au), silver (Ag), copper (Cu), platinum (Pt), palladium (Pd), and nickel (Ni).
Highlights include 15.27 meters with 0.50 g/t Au, 16.13 g/t Ag, 1.89% Cu, 7.07 g/t Pd, 1.26 g/t Pt and 0.80% Ni.
Another hole returned 11.35 m of 0.26 g/t Au, 6.12 g/t Ag, 0.63% Cu, 1.57 g/t Pd, 0.67 g/t Pt and 0.04% Ni.
“As we can now see, we are establishing some boundaries delineating a high grade and thick core that is surrounded by well mineralized but thinner edges,” Power Nickel CEO Terry Lynch said in a statement.
The delineation of a high-grade and thick core surrounded by well-mineralized edges is seen as a significant development.
Kenneth Williamson, Power Nickel's VP Exploration, highlighted the correlation between observed chalcopyrite and assay results, underscoring the company's satisfaction with the ongoing progress.
The winter 2024 drill program concluded with 15 successful holes, supporting the Lion Discovery's advancement.
The company plans to continue drilling in the upcoming summer season, focusing on further exploration of the deepest mineralized intersections to date.
Initial observations suggest the mineralized zone spans 225 meters laterally and 300 meters deep, with varying chalcopyrite thicknesses, according to the company.