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Power Nickel Commences Fall Drill Program with Deep Target Hole 23-H2-01
TORONTO, ON / ACCESSWIRE / August 23, 2023 / Power Nickel Inc . (the "Company" or "Power Nickel"...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Commences Fall Drill Program with Deep Target Hole 23-H2-01TORONTO, ON / ACCESSWIRE / August 23, 2023 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to report that it has commenced its fall drilling program with the drilling of the deep target hole PN-23-036, identified as #1 in Figure 1.Figure 1: 2023 Fall Drilling Program, Nisk Main Zone Longitudinal Section. Proposed hole number also refers to the anticipated drilling sequence. The hole is testing at depth an area to the east of two of the best holes, PN-22-009 and PN-23-035 as noted in Figures 1 and 2.Figure 2: 2021-2023 Drilling Results, Nisk Main Zone Longitudinal Section PN-23-036 is approximately 300 metres south and east of holes PN-22-009 and PN-23-035 holes. We would anticipate hitting the massive sulfide body at a vertical depth of 390 metres. This will be the first in a series of deeper holes testing some of the best previous holes where they were open at depth.This drill program will test a series of airborne EM targets hosted by the Ultramafic body (Figure 3). The areas targeted by the currently planned drilling is also further corroborated by the Ambient Noise Tomograpy (ANT) surveys being completed by contractor Fleet Space Technologies. (For a video on this technology https://fleetspace.com/mineral-exploration). In addition, downhole EM will complement the ANT and the ongoing target generation for massive sulfide zones hosted by the ultramafic body.Figure 3: 2023 Drilling Results & Drill Targets, Nisk Main Zone, Plan Map The plan is for a second drill to be mobilized in late September to drill several holes to follow up the results from drill hole 23-031A in the Wildcat area (Figure 4), approximately 4 km northeast of the main Nisk Zone. This drill hole intersected 20.76 grams of Platinum, 5.71 grams of Palladium, 1.47% of Cu, and 0.28 grams of gold over 7.75 metres at a downhole depth of 60 metres.Figure 4: 2023 Drilling Results, Wildcat Zone, Plan Map Qualified PersonKenneth Williamson, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.About Power Nickel Inc.Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada's...