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Power Metallic intercepts 17.45 Meters of 9.47% CuEqRec¹ in Hole 26-094 and 39 Meters of 5.66% CuEqRec¹ in Hole 26-101 at Lion
Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide additional assays from its winter 2026 drill program.
About this update from Chilean Metals Inc.
[{"type":"text","content":"TORONTO, May 4, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide additional assays from its winter 2026 drill program.","length":237,"tagName":"p"},{"type":"text","content":"Lion Zone MRE Infill Program","length":28,"tagName":"p"},{"type":"text","content":"Drilling continued to define the high-grade Lion Zone in preparation for a 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release are for holes that cover approximately 200 m of strike length from the middle core of the Lion Zone (PML-26-094) to the western edge (PML-26-104), defining mineralization at a vertical depth of approximately 100 m below surface (Figure 1). These holes will be important for future mineral resource estimates to an Indicated Resource classification, potentially for open pit exploitation.","length":539,"tagName":"p"},{"type":"text","content":"The 2026 winter drill campaign continues to support the modelled interpretation of the Lion Zone based on earlier wider spaced drilling and includes PML-26-094 which intersected the interpreted core of the Lion Zone and adds further support to wide intersections of high-grade copper near surface with 17.45 m @ 9.47% CuEqRec1 including 6.30 m @ 17.91% CuEqRec1 (Table 1).","length":372,"tagName":"p"},{"type":"text","content":"Hole PML-26-101 tested the zone approximately 100 m east of PML-26-094 at a slightly deeper vertical depth and contained high grade over a very wide intersection with 39.00 m @ 5.66% CuEqRec1 including 9.20 m @ 15.18% CuEqRec1. A further 100 m west hole PML-26-104 tested the western edge of the Lion Zone and intersected 7.40 m @ 1.07% CuEqRec1 and confirmed the expected mineralization modeled from the wider spaced earlier drilling in this area.","length":448,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"11","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"Table 1: Lion Results - Winter 2026","length":35,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"2","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"Hole","length":4,"tagName":"p","attribs":{}}]...