Power Nickel Commences 8,000 Meters Summer Drill Program
Following up on the successful results recently obtained at the
The initial discovery was made by drilling an airborne EM survey (electro-magnetic survey) anomaly in association with a surface expression of ultramafic rocks. From this airborne EM survey, two more EM anomalies are yet untested to the east of
The Company's current understanding of the geometry of the zone suggests a strong structural control as the zone gets transposed into meter-wide high-strain corridors at both of its lateral limits. The resulting geometry is a sigmoidal-shaped lens, that it is plunging steeply along the felsic-ultramafic contact. In such structural context, it is possible that the zone itself is being offset on each side and/or that other distinct lenses have developed in proximity.
"We are excited to welcome renowned polymetallic explorer
Expansion Drilling at Nisk Main
While the Lion Zone has become a priority, the summer drill program will also allow the Company to keep pushing at expanding the Nisk Main zone both at depth and laterally. Most of the resource of Nisk Main 2023 Mineral Resource Estimate is of indicated category, with a relatively small proportion of inferred resource. The primary intention will be to drill below the high-grade shoots observed and to continue to drill the ANT 1 and ANT 2 targets to the east of Nisk Main.
"Drilling Nisk Main and its surrounding area are, in our view, not separate drilling programs; rather we see them as part of the same greater story. With the working hypothesis that Nisk Main (dominantly Nickel-rich) and
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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, 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 and ability to complete the 2024 drill program plans identified and the risk that such programs do not complete; 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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