Power Nickel Announces Biggest Intersection Yet - Major Advancements at the Lion Zone!

PR Newswire · Oct 3, 2024 15:00

Hole 70 delivers 32 metres with 6.97% CuEq

32.00 m of 0.45 g/t Au, 20.93 g/t Ag, 3.62 % Cu, 8.10 g/t Pd, 2.47 g/t Pt and 0.18% Ni

TORONTO, Oct. 3, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the second set of assay results obtained for three more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.

Figure 1: Longitudinal view of the Lion Zone Discovery; assay results from PN-24-068 to PN-24-070 are presented in red. The current size the of the zone is derived from observation of semi-massive to massive sulphides. An interpreted deformation corridor appears to control the presence and thickness of mineralized sulphides. (CNW Group/Power Nickel Inc.)

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. *CuEq Rec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers. (CNW Group/Power Nickel Inc.)

Figure 2: Sections 04+00 – presenting results from the West side of Lion Zone. Mineralized zone is between Red Brackets. Comprised of Massive And Semi Massive Chalcopyrite and Stringers. (CNW Group/Power Nickel Inc.)

Figure 3: Sections 05+00 - .presenting results from the area below the Lion Zone. Mineralized zone is between Red Brackets. Comprised of Massive And Semi Massive Chalcopyrite and Stringers. (CNW Group/Power Nickel Inc.)

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Power Nickel Announces Biggest Intersection Yet - Major Advancements at the Lion Zone!

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