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Power Nickel Releases Initial NI 43-101 Compliant Mineral Resource Estimate on the Nisk Project
More than 2.5 Million Indicated Tonnes at 1.20 %NiEq and 1.4 Million Inferred Tonnes at 1.29...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Releases Initial NI 43-101 Compliant Mineral Resource Estimate on the Nisk ProjectMore than 2.5 Million Indicated Tonnes at 1.20 %NiEq and 1.4 Million Inferred Tonnes at 1.29 %NiEqTORONTO, ON / ACCESSWIRE / July 19, 2022 / Power Nickel Inc . (the \"Company\" or \"Power Nickel\") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) and Critical Elements Lithium Corporation (\"Critical Elements\") (TSX.V:CRE)(OTCQX:CRECF)(FRA:F12) are pleased to release the initial NI 43-101 compliant Mineral Resource Estimate (\"MRE\") on their \"Nisk\" Nickel Sulphide project near James Bay, Québec.6ix Investor Webinar Tuesday, July 19th at 10:30 AM EST / 7:30 AM PST Power Nickel will host an investor webinar with 6ix on Tuesday, July 19th at 10:30 AM EST / 7:30 AM PST to discuss the release of the significant inaugural NI 43-101 on the Nisk Nickel Project.To register for the webinar, please click here: https://my.6ix.com/EkgCDn1f.The Nisk Project is located south of James Bay, a region that is the site of a number of 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. (CRE:TSXV). The Nisk Project comprises a large 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.On the basis of this drill program and the historical drill results, 3DGeo Solution Inc was mandated to produce a NI 43-101 compliant Mineral Resource Estimate and Technical Report. Engineering work related to defining a constraining pit shell and underground mineable shapes was contracted to InnovExplo Inc. The Highlights of the Mineral Resource Estimate are below. The full technical report, prepared in accordance with the provisions of National Instrument 43-101, will be available on SEDAR under the company's issuer profile within 45 d...