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Power Nickel Discovers a New High Grade Cu-Pd-Pt-Au-Ag Zone 5km Northeast of its Main Nisk Deposit
1 Oz/Tonne Combined Platinum and Palladium over 7.75 Metres New Discovery 1.47% Cu, 13.1...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Discovers a New High Grade Cu-Pd-Pt-Au-Ag Zone 5km Northeast of its Main Nisk Deposit1 Oz/Tonne Combined Platinum and Palladium over 7.75 MetresNew Discovery1.47% Cu, 13.1 g/t Ag, 0.28 g/t Au, 5.71 g/t Palladium, 20.76 g/t Platinum over 7.75m in Hole PN-23-031A, including 3.90% Cu, 25 g/t Ag, 0.52g/t Au, 19.97g/t Palladium, 90.60g/t Platinum over 1.75m.TORONTO, ON / ACCESSWIRE / May 10, 2023 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit. The target area was never previously drilled and was identified as \"Wildcat.\" It is characterized by a strong magnetic anomaly from an ultramafic unit previously mapped in the surface outcrop. Ultramafic rocks consistent with the main Nisk deposit were intersected in hole PN-23-031A, but the high-grade mineralization is hosted in amphibolite and tonalite, which lie on top of the ultramafic sequence.Hole PN-23-031A (Figure 1) intersected multiple chalcopyrite stringers and veinlets almost continuously in the first sixty (60) metres of the drill hole. The thickness and density of these stringers increased from 60.50 to 68.25 m down the hole. The main mineralization is characterized by a high density of chalcopyrite veinlets with local massive chalcopyrite (Figure 2). The veins are greatly enriched in platinum and palladium with significant accessory gold and silver (Table 1). The samples are rich in platinum, and palladium will be re-analyzed to include the complete Platinum Group Elements (PGE), such as osmium, iridium, rhodium, and ruthenium.Figure 1 - Cross-section of DDH PN-23-031A Figure 2 - Stringers and massive chalcopyrite in DDH PN-23-031A Table 1: Significant results from the wildcat zone.Hole IDUTM E1UTM N1Length (m)Azimuth (°)Dip (°)From (m)To (m)Interval Length2 (m)Au (g/t)Ag g/t)Cu (%)Pd (g/t)Pt (g/t)PN-23-031A4643385731510210163-6031.5032.501.000.3410.01.100.02NSRPN-23-031A4643385731510210163-6060.5068.257.750.2813.11.475.7120.76Including4643385731510210163-6064.3566.101.750.5225.03.9019.9790.60UTM NAD83, Zone 18N.True widths are estimated to be 70% of the Interval Length.The Wildcat area represents an entirely new target to explore and is wide open laterally along strike an...