Company continues to Expand its Near Surface High-Grade Copper, Platinum, Palladium, Gold, and Silver Zone 5km Northeast of its Main Nisk Deposit
TORONTO, May 10, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN) (OTC:PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for holes PN-24-048, PN-24-052 and PN-24-053. (see Figure 2 and Table 1 below)
Highlights:
PN-24-048 returned,
15.27 m of 0.50 g/t Au, 16.13 g/t Ag, 1.89% Cu, 7.07 g/t Pd, 1.26 g/t Pt and 0.80% Ni
Including:
5.00 m of 0.94 g/t Au, 12.76 g/t Ag, 1.14% Cu, 14.23 g/t Pd, 2.92 g/t Pt, and 0.06% Ni,
1.70 m of 1.27 g/t Au, 99.84 g/t Ag, 12.30% Cu, 15.45 g/t Pd, 0.60 g/t Pt and 0.38% Ni
PN-24-052 returned,
11.35 m of 0.26 g/t Au, 6.12 g/t Ag, 0.63% Cu, 1.57 g/t Pd, 0.67 g/t Pt and 0.04% Ni
Including :
2.00 m of 0.93 g/t Au, 13.95 g/t Ag, 1.01% Cu, 3.67 g/t Pd, 2.59 g/t Pt, and 0.03% Ni
2.85 m of 0.22 g/t Au, 10.44 g/t Ag, 1.36% Cu, 3.54 g/t Pd, 0.82 g/t Pt, and 0.08% Ni
PN-24-053 returned
5.00 m of 1.76 g/t Au, 102.90 g/t Ag, 12.70% Cu, 20.87 g/t Pd, 1.02 g/t Pt and 0.40% Ni
Including :
2.25 m of 2.37 g/t Au, 133.68 g/t Ag, 19.85% Cu, 31.78 g/t Pd, 0.86 g/t Pt and 0.37% Ni
"Another set of great holes in the increasingly exciting polymetallic Lion Zone. It is never easy to follow up drill holes like holes 47 and 51.
PN-24-047 : 14.42 m of 0.59 g/t Au, 69.14 g/t Ag, 8.17% Cu, 6.25 g/t Pd, 8.44 g/t Pt and 0.58% Ni
PN-24-051 : 11.40 m of 0.24 g/t Au, 13.95 g/t Ag, 2.51% Cu, 3.20 g/t Pd, 19.59 g/t Pt and 0.18% Ni
As we can now see, we are establishing some boundaries delineating a high grade and thick core that is surrounded by well mineralized but thinner edges. Holes 48 and 53 are examples of the former, while a hole like 47 is coming from that 100-metre-wide core zone. The system starts essentially at surface and goes down to 275 metres," commented Terry Lynch, Power Nickel CEO.
"When I initially created this pictures plate (see Figure 1), I wanted to provide a visual comparison between the amount of massive chalcopyrite observed and the assay results, and from hole to hole. Thus far, with assays received for four of the presented holes, we like the correlation. We expect to get the assays in for holes 55 and 59 soon; both of which as you can see below contain a lot of massive PGE-bearing chalcopyrite," stated Kenneth Williamson, Power Nickel's VP Exploration.
Figure 1 below presents core pictures of some of the best intersections to date. It is noticeable that the relative quantity of semi-massive chalcopyrite observed in both PN-23-031A and PN-24-044, while excellent, appeared to be dwarfed when compared to some of the other holes coming from the core of the zone. Hole PN-24-047 confirmed the observation, and yet again with PN-24-053.
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