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Power Nickel Announces Latest Drill Results that Expands Central High-Grade Zone at Nisk
Highlights 1.01% Ni, 0.27% Cu, 0.07% Co, 0.88 g/t Palladium, 0.13 g/t Platinum, 0.03 g/t G...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Announces Latest Drill Results that Expands Central High-Grade Zone at NiskHighlights1.01% Ni, 0.27% Cu, 0.07% Co, 0.88 g/t Palladium, 0.13 g/t Platinum, 0.03 g/t Gold over 14.4m in Hole PN-23-028, including1.69% Ni, 0.37% Cu, 0.12% Co, 1.59 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold over 7.8mTORONTO, ON / ACCESSWIRE / May 30, 2023 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce the latest results from drill holes PN-23-025, 027 and 028. These three (3) holes (Figure 1 and Table 1) successfully expanded the high-grade intersection in drill hole PN-22-009 (1.17% Ni, 0.80% Cu, 0.08% Co, 1.46ppm Pd, 0.23ppm Pt over 25.86m) by 75 metres depth and 150 metres of strike (Figure 2; NR January 12 th , 2023).Table 1: Significant results for PN-23-025, PN-23-027, and PN-23-028.Hole IDUTM E 1UTM N 1Length (m)Azimuth (°)Dip (°)From (m)To (m)Interval Length 2 (m)Ni (%)Cu (%)Co (%)Pd (g/t)Pt (g/t)Au (g/t)PN-23-0254597675728715453155-65391.00404.2513.250.350.18-0.240.03-Including 393.90395.501.600.950.430.061.310.03-PN-23-0274599105728712386150-69325.50329.594.090.780.340.051.440.030.05Including 327.46329.091.631.750.590.112.440.030.09Including 333.50336.002.500.29--0.410.02-Including 350.40351.801.40-0.45-0.29-0.10PN-23-0284598495728713455135-70414.1428.5014.401.010.270.070.880.130.03Including 418.05425.857.801.690.370.121.590.220.04UTM NAD83, Zone 18N.True widths are estimated to be 70% of the Interval Length.Commented Power Nickel CEO, Terry Lynch,\"Once again, Nisk is delivering very promising results. Hole 28 is a high-grade nickel hole with robust cobalt and PGM values. The Nisk Main zone has been very cooperative, with each set of assays having large high-grade intercepts as we look to build a commercial resource. All of these assay results will be captured in our new NI 43-101, which we expect to be delivered in Q3. Our Fall and winter campaigns were very productive, and we have one more set of assays to go, and we are excited to see those sometime in Mid-June.\" Figure 1. Long section showing the location of holes PN-23-025, PN-23-027, and PN-23-028. Figure 2. Long section showing hole PN-22-009 intersectionThe wide (7.8 m) high-grade mineralization intersected by hole PN-23-028 (Figure 3) occurs mainly as massive sulphide beds compose...