Power Metallic Mines Expands Exploration Arsenal with Cutting-Edge Geophysical Surveys at Nisk Project
Field mapping and prospecting of the large Nisk land package will begin following the winter snow melt and run-off, identifying the sources for untested magnetic and EM targets identified in previous exploration surveys. And it shouldn't be forgotten that over the next two quarters of 2026 Power Metallic will be completing more than 30,000 meters of exploration drilling across the enlarged Nisk land package. Mobilization for this drill program is currently underway.
A regional lake sediment survey will also be conducted this summer. This will identify potentially mineralized watersheds while also forming part of the environmental baseline studies that have been initiated in anticipation of future Feasibility reports that will require environmental mitigation planning for any mine development.
As the search for the deeper extensions to Lion, and the search for additional Lions and large magmatic Ni-Cu deposits interpreted to be in the region of the Nisk property continues, more sophisticated exploration techniques are being used to model the deep earth. One approach is to utilize superconducting quantum magnetometer (SQUIDs) to illuminate deep magnetic targets that could host this mineralization. A survey (Figure 2) over the Lion and
A large gravity survey is being conducted over an area containing Lion, Nisk, and Nisk West. It is anticipated that this survey will identify and model high density targets that could be associated with massive sulphide deposits. The survey is a continuation of a 2024 survey covering a much larger area (Figure 3) as a result of the land acquisitions Power Metallic made in 2025 on the Nisk project, known as the hydro lands in past press releases. The surveys are being conducted by TMC Geophysique, who also carry out EM surveys for Power Metallic, including bore hole EM (BHEM) conducted on our exploration diamond drill holes.
Following Power Metallics large land acquisition, a copper soil anomaly was identified as being proximal to interpreted ultra-mafic rocks that form the source for both the Nisk and Lion deposits. This area is east of the Nisk deposit (Nisk Far West Target) along the interpreted extension of the Nisk horizon. During the winter of 2026 a reverse circulation overburden drill program was carried out on a portion of this target (assays pending), and a single diamond drill hole in the area identified ultra-mafic rocks.
To follow-up on this discovery, a large ANT survey was designed and a contract let to Caur Technologies in conjunction with field support from
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About
Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)--a high–grade Copper–PGE, Nickel, gold and silver system--toward
On
Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.
Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in
It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of
For further information, readers are encouraged to contact:
Neither the
QAQC and Sampling
All core in this news release is either HQ or NQ sized core. Drill core is re-fitted and measured. Geotech on core includes photographs (wet & dry), rock quality index, magnetic susceptibility, conductivity, and recovery estimates. Core is logged for lithology, mineralogy, and structural features, and sample intervals are delineated and tagged.
Sampled core is mechanically sawn, and half-core is retained for future reference. GeoVector's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.
All samples were submitted to and analyzed at
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 various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; 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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