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Power Nickel Extends Momentum - Closes Acquisition on 80% of Nisk

PR Newswire ·  Apr 24 15:00

8.17% Copper, 69.14 g/t Silver, 8.44 g/t Platinium & 6.25 g/t Palladium,

0.57 g/t Gold & 0.58% Nickel over 14.42 m Highlight Successful Week!

TORONTO, April 24, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (OTCBB: PNPNF) (TSXV: PNPN) (Frankfurt: IVV) is pleased to announce it has completed the acquisition of an additional 30% of the Nisk Project from Critical Elements Lithium. The last remaining condition was the acceptance of the filing of an NI 43-101 Technical Report which was accomplished in Q1. This brings Power Nickels percentage to 80%. Power Nickel will continue to fund 100% of expenditures at Nisk until such time as a Bankable Feasibility Study is presented.

Figure 1: Longitudinal view of the Lion Discovery zone; Presenting the location of holes PN-24-047 and PN-24-051, as well as the pierce points locations of the other Winter 2024 drillholes. (CNW Group/Power Nickel Inc.)
Table 1 : Significant Results and Assay Status – Lion Discovery drilling Winter 2024 (Holes presented in this release are shaded in grey) Note: Length is presented as downhole distance; true width corresponds to 60-80% of such downhole distance in function of the orientation of the hole. (CNW Group/Power Nickel Inc.)
Figure 2: Core picture of hole PN-24-047 showing the strongly mineralized intervals and its location on a vertical cross-section view looking ENE along holes PN-24-047 and PN-24-051. (CNW Group/Power Nickel Inc.)
Figure 3: Core picture of hole PN-24-051 showing the strongly mineralized intervals and its location on a vertical cross-section view looking ENE along holes PN-24-047 and PN-24-051. (CNW Group/Power Nickel Inc.)
Figure 4: Core pictures showing the relation between observed massive chalcopyrite and grade, and massive chalcopyrite (MCp) observed in three other recent holes. (CNW Group/Power Nickel Inc.)
Figure 5: 3D view showing the current extent of drilling at Lion Discovery as well as some of the proposed holes for the upcoming summer drilling program. (CNW Group/Power Nickel Inc.)
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