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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
TORONTO, May 4, 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 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.Lion Zone MRE Infill ProgramDrilling 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.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).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.Table 1: Lion Results - Winter 2026HoleFromToLengthAuAgCuPdPtNiCuEq Rec*(m)(m)(m)(g/t)( g/t )( %)(g/t)( g/t )( %)( %)LION MRE PML-26-094134.60152.0517.450.5323.764.437.073.110.239.47Including134.60140.906.300.7436.228.1112.838.190.4117.91PML-26-101120.00159.0039.001.0416.271.893.513.340.135.66Including146.50155.709.202.9631.996.916.336.900.4315.18PML-26-104115.60123.007.400.204.200.530.500.230.041.07Note: 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 N...