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Power Nickel Continues Extension of Mineralization at Nisk and Readies for New Fully Funded 5000 Metre Drill Program in Q2
PN-21-001 - 12.4 Metres 0.82% Ni, 0.36% Cu, 0.09% Co, 0.69gPd, 0.14g Pt PN-21-004 - 3.6...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Continues Extension of Mineralization at Nisk and Readies for New Fully Funded 5000 Metre Drill Program in Q2PN-21-001 - 12.4 Metres 0.82% Ni, 0.36% Cu, 0.09% Co, 0.69gPd, 0.14g PtPN-21-004 - 3.6 Metres 1.05% Ni, 0.35% Cu, 0.07% Co, 1.08gPd, 0.28g PtTORONTO, ON / ACCESSWIRE / March 30, 2022 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) and Critical Elements Lithium Corporation (\"Critical Elements\") (TSX-V: CRE) (USOTCQX: CRECF) (FSE :F12) are pleased to announce results from the third and final set of drill holes from its recent drill program at its \"NISK\" Nickel Sulphate project near James Bay. These drill results confirm the presence of high-grade Nickel Mineralization in the eastern and central deep portions of the Nisk Main mineralized lens. In addition to the historic and previously released assays, these new results (PN-21-001 and PN-21-004) continue to demonstrate a good grade and thickness continuity. (Current holes are in Bold in Table below)*UTM NAD83, Zone 18N**True widths are estimated to be 70 to 90% of core lengthThe illustration below details the current location of drill holes covered in this release, as well as the previous releases dated March 1 and March 14, 2022.\"These results are another positive indication that Nisk is a very exciting Nickel Sulphate discovery. Our objectives in this initial drill program conducted by Power Nickel were to produce enough drilling to allow us to establish a new NI 43-101 compliant resource to confirm and replace the historical resource, and to extend the known Nickel mineralization. We believe we have established the latter and expect to be able to deliver a NI 43-101 compliant Mineral Resource Estimate in Q2. Further, these results have made us confident enough to commence execution of an additional fully funded 5,000-meter drill program which we would expect to start later in Q2 after breakup.\", commented Power Nickel's CEO Terry Lynch.The existing resource estimates at the Nisk project are of historic nature and the Company's geology team has not completed sufficient work to confirm a NI 43-101 compliant mineral resource. Therefore, caution is appropriate since these historic estimates cannot, and should not be relied on. For merely informational purposes see Table 1.Table ‑1: Historical Resour...