Power Nickel extends resource mineralization at Nisk Main
12.77 m @ 0.62% Ni, 0.63% Cu, 0.04% Co, 0.78 g/t Pd and 0.22 g/t Pt
TORONTO ,
Hole PN-23-036 was previously announced in
Figure 1 below presents the position of the fall 2023 drill hole intersections against the MRE 2024 NiEq grade distribution.
Table 1 : Fall 2023 Drilling Campaign – Significant Results
Hole-ID |
From |
To |
Length (m)* |
Ni % |
Cu % |
Co % |
Pd ppm |
Pt ppm |
PN-23-036 |
463.50 |
483.00 |
19.50 |
0.57 |
0.81 |
0.03 |
0.81 |
0.33 |
Including |
|
|
|
|
|
|
|
|
463.50 |
465.25 |
1.75 |
1.10 |
4.54 |
0.06 |
0.87 |
0.19 |
|
469.00 |
475.00 |
6.00 |
0.86 |
0.54 |
0.04 |
1.57 |
0.45 |
|
477.90 |
479.90 |
2.00 |
0.93 |
0.45 |
0.06 |
1.43 |
1.53 |
|
PN-23-037 |
516.00 |
530.00 |
14.00 |
0.24 |
0.07 |
0.01 |
0.14 |
0.02 |
Including |
|
|
|
|
|
|
|
|
525.00 |
530.00 |
5.00 |
0.32 |
0.10 |
0.02 |
0.32 |
0.03 |
|
PN-23-038 |
551.20 |
565.20 |
14.00 |
0.44 |
0.34 |
0.03 |
0.55 |
0.09 |
Including |
|
|
|
|
|
|
|
|
551.20 |
554.25 |
3.05 |
0.74 |
0.29 |
0.06 |
0.90 |
0.05 |
|
561.30 |
565.20 |
3.90 |
0.52 |
0.38 |
0.04 |
0.53 |
0.03 |
|
PN-23-039 |
428.00 |
431.00 |
3.00 |
0.19 |
0.01 |
0.01 |
0.01 |
0.01 |
PN-23-040 |
641.68 |
654.45 |
12.77 |
0.62 |
0.63 |
0.04 |
0.78 |
0.22 |
Including |
|
|
|
|
|
|
|
|
641.68 |
645.63 |
3.95 |
0.92 |
0.59 |
0.06 |
1.22 |
0.12 |
|
647.23 |
650.73 |
3.50 |
0.72 |
0.88 |
0.05 |
0.89 |
0.59 |
|
PN-23-041 |
720.00 |
725.00 |
no significant result |
|||||
PN-23-042 |
801.70 |
809.47 |
7.77 |
0.71 |
0.12 |
0.04 |
0.42 |
0.03 |
Including |
|
|
|
|
|
|
|
|
807.47 |
809.47 |
2.00 |
2.06 |
0.36 |
0.10 |
1.56 |
0.09 |
|
*: Length is expressed as measured "downhole"; true width corresponds to approximately 50% of such value |
Figure 1 : Fall 2023 drillhole intersections against the MRE 2024 NiEq grade distribution.
"The fall campaign was another successful drilling program for
Figure 2 : Nisk ANT targets, along with the location of the fall 2023 drillhole intersections.
Follow up from
In connection with the closing of the Company's 4,360,000 flow-through unit private placement, the Company paid to a registered firm as a finder's fee -
On
The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts.
In addition to the Nisk project,
For further information on
Mr.
647-448-8044
terry@powernickel.com
For further information, readers are encouraged to contact:
Neither the
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others, the timing for the Company to close the private placement or the second Nisk option or risk that such transactions do not close at all; raise sufficient capital to fund its obligations under its property agreements going forward; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.
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