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Power Nickel Files the NI 43-101 Technical Report for the Mineral Resource Estimate of the Nisk Project
TORONTO, ON / ACCESSWIRE / August 30, 2022 / Power Nickel Inc . (the "Company" or "Power Nic...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Files the NI 43-101 Technical Report for the Mineral Resource Estimate of the Nisk ProjectTORONTO, ON / ACCESSWIRE / August 30, 2022 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt IVVI) has filed on SEDAR the Technical Report entitled \"NI 43 101 Technical Report and Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay territory, Québec\". The Technical Report was prepared by 3DGeo Solution Inc. (3DGS) of Val-d'Or, Québec, to support the disclosure of the Nisk Project 2022 Mineral Resource Estimate on July 19, 2022. The Technical Report is available on SEDAR and will be made available on the company's website.Outlined below is a summary of Power Nickel's Nisk Project Mineral Resource Estimate; with an effective date of May 17, 2022:The Mineral Resource has been defined in both Open-Pit and Underground mining scenariosThe combined estimated Indicated Resources is 2.6 million tonnes grading 1.20 %NiEq, using a base case cut-off grade of 0.33 %NiEq for open pit constrained resources and a base case cut-off grade of 0.91 %NiEq for underground constrained resources.The combined estimated Inferred Resources is 1.4 million tonnes grading 1.29 %NiEq, using a base case cut-off grade of 0.33 %NiEq for open pit constrained resources and a base case cut-off grade of 0.91 %NiEq for underground constrained resources.The Nisk Project is located south of James Bay, a region that is the site of several mining projects (Figure 1) and improving infrastructure (Figure 2).Figure 1 - Location of the Nisk Project with respect to the location of other known deposits.Figure 2 - Location of the Nisk Project with respect to the current infrastructure available in the area.Power Nickel completed the acquisition of its option to acquire up to 80% of the Nisk Project from Critical Elements Lithium Corp. The Nisk Project comprises a significant land position (20 kilometers of strike length) with numerous high-grade Nickel intercepts. Since completion of the option, Power Nickel retained 3DGeo Solution Inc to create a geological model of the Nisk Project and used this as a guide to the very successful initial Power Nickel 2400-metre drill program completed last December and reported in March of 2022.Based on this drill program and the historical drill results, 3DGeo Soluti...