Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) reported high-grade palladium and nickel-copper sulphide mineralization from its fall 2024 drilling program, confirming the expansion potential of its flagship project.
Drilling in the Lion zone intersected the eastern plunge extent of mineralization, with one hole providing the deepest assayed intersection to date.
Near-surface drilling confirmed the eastern strike extension of the deposit, returning high palladium values, including 1.55 meters at 65.09 grams per tonne (g/t) palladium.
At the Tiger target, drilling confirmed the presence of a mineralized structure, with narrow nickel-copper sulphide zones encountered. A borehole electromagnetic (BHEM) survey helped vector follow-up drilling, which intersected additional sulphide mineralization.
Power Metallic said BHEM conductors have consistently led to sulphide discoveries and remain a primary tool for identifying new targets. The company is awaiting assay results from multiple holes drilled at both the Lion and Tiger zones and plans further drilling to test off-hole conductors.
The Tiger zone is interpreted to be mobilized sulphides from an ultramafic source rock, though drilling remains too limited to establish a full model. Additional exploration is underway.