Business
Lion Zone Delivers Second Best Intersection Ever As Power Metallic intercepts 22.00 Meters of 11.46% CuEqRec¹ in Hole 26-095
TORONTO, May 6, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide
About this update from Power Metallic Mines Inc.
[{"type":"text","content":" TORONTO, May 6, 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.Lion Zone MRE In-fill programAdditional drill holes continued to add and refine the high-grade Lion Zone ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release cover approximately 560 m down plunge extent from the core of the Lion Zone (PML-26-095) to central southwestern Lion area (PML-26-069) (Figure 1). These holes highlight both the robust near surface mineralization as well as returning the deepest high-grade intercept at Lion. These holes will be incorporated into future mineral resource estimates and highlight the potential for open pit development.Continued evolution and support of the modelled interpretation of the Lion Zone is evidenced by PML-26-095 which intersected the interpreted core of the Lion Zone with wide intersections of high-grade copper near surface with 22.00 m @ 11.46% CuEqRec1 including 6.50 m @ 18.59% CuEqRec1 and including 4.00 m @18.62% CuEqRec1 (Table 1).Hole PML-26-069 tested the zone approximately 560 m south-southwest down plunge of PML-26-095 at a vertical depth of 600 m containing a moderate grade of 6.58 m @ 4.00% CuEqRec1 including a high-grade interval of 2.82 m @ 8.26% CuEqRec1.Table 1: Lion Results - Winter 2026HoleFromToLengthAuAgCuPdPtNiCuEq Rec*(m)(m)(m)(g/t)( g/t )( %)(g/t)( g/t )( %)( %)LION MRE PML-26-069674.18680.766.580.367.761.434.310.610.124.00Including674.18677.002.820.4813.402.949.671.400.198.26PML-26-095155.00177.0022.002.8223.374.924.795.120.2711.46Including155.00159.004.000.6044.958.624.7618.180.4518.62And Including160.50167.006.501.1542.889.4111.695.980.5618.59And Including172.00175.003.0017.1211.793.412.270.040.0917.12Note: Reported length is downhole distance; true width based on model projections is estimated as 85% of downhole length1Copper Equivalent Rec Calculation (CuEqRec1)CuEqRec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and recovered grades based on recent locked-cycle metallurgical recoveries by SGS Canada Inc (see press release Jan 21, 2006).E...