Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has added renowned geoscientist Dr Steve Beresford to its board.
During his career, Beresford was the chief geologist at three major mining companies, a lecturer and professor, and the founder of several exploration companies, Power Nickel highlighted.
He joined the company as a technical advisor on May 1, before also becoming a director on Monday.
“We have had a dynamic short period of time working with Dr Beresford, and we are quickly utilizing his tried and proven exploration techniques on polymetallic deposits to expedite the successful exploration of Nisk,” Power Nickel said in a statement.
Beresford hailed polymetallic nickel-copper-platinum group metals deposits, like Nisk, as the “premier deposit type,” even with the current nickel price.
“These deposits are high-grade metal deposits where copper and noble metals (platinum group elements, gold, silver) form equivalent value to Nickel, not just credit metals. Lion is prospective for between 11 and 15 metals,” he said.
“It's not academic nuance to discriminate these systems from common garden nickel deposits, it's economics. We continue to advance the Lion discovery and I look forward to working with the Power Nickel board during these exciting times.”
Investors welcomed the news, sending shares of Power Nickel 4.6% higher at $0.46 before Monday's opening bell.