Company
Power Metallic Mines Inc
CVE:PNPN
Power Metallic Mines Inc is a Canadian exploration company focused on developing the High-Grade Nickel-Copper-PGM-Gold-Silver Nisk project into potentially Canada's next polymetallic mine. The company's Nisk property spans a significant land position with 20 kilometers of strike length and numerous high-grade intercepts. Power Metallic is actively conducting drill programs to expand the high-grade Nickel, Copper, PGM, Gold and Silver mineralization in the initial Nisk discovery zone, the Lion discovery zone, and other areas of the property, with the aim of identifying adjacent polymetallic deposits.
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Power Nickel proposes non-brokered private placement of flow-through and non-flow-through units for aggregate gross proceeds of up to C$3M
The company said it intends to use approximately $800,000 of the proceeds from the sale of non-flow-through units to settle an outstanding debenture and intends to use the remainder of the proceeds for general administrative and working cap
Power Nickel says it will amend technical report for Nisk project in Quebec after a review by the BC Securities Commission
The company said the British Columbia Securities Commission noted discrepancies in the mineral resource estimates provided
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Power Nickel kicks off second round of drilling at Nisk project, Quebec following resource estimate
"We are very excited to get back to drilling and building on our resource at Nisk," said Terry Lynch, the CEO of Power Nickel
Power Nickel files initial NI 43-101 resource estimate for Nisk project in Quebec
The resource was defined in both open-pit and underground mining scenarios, with the higher confidence indicated resource for open pit pegged at 894,100 tonnes at 0.33%
Power Nickel releases initial NI 43-101 resource for Nisk project in Québec showing over 2.5M indicated tonnes at 1.20% nickel-equivalent
The estimate showed over 2.5 million tonnes of indicated resources at 1.20% nickel-equivalent (NiEq) and 1.4 million inferred tonnes at 1.29 % NiEq
Power Nickel is developing its NISK project in Quebec into one of the greenest sources of class-1 nickel in history
Power Nickel CEO Terry Lynch told Proactive that the project could become a producing 20 million tonne-plus resource in as little as five to six years