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Power Nickel Starts 4000 Metre Drilling Program
TORONTO, ON / ACCESSWIRE / November 16, 2021 / Power Nickel Inc . (the "Company" or "Power N...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"Power Nickel Starts 4000 Metre Drilling ProgramTORONTO, ON / ACCESSWIRE / November 16, 2021 / Power Nickel Inc. (the \"Company\" or \"Power Nickel\") (TSXV:PNPN)(OTCBB:CMETF)(Frankfurt:IVVI) is pleased to announce that it has commenced drilling on its Nisk Project. As previously noted the Company has used a new 3D geological model to generate the targets for this exploration program. The 3D geological model developed by 3DGeo-Solution Inc. (\"3DGS\") identified a prospective set of targets that the Company feels will give the best potential to expand the Nisk historical deposit.The 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 Resource Estimate figures for respective confidence categories at the NISK-1 deposit, After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec.The information regarding the NISK-1 deposit was derived from the technical report titled \"Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec\" dated December 2009. The key assumptions, parameters and methods used to prepare the mineral resource estimates described above are set out in the technical report.The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Nickel, formerly Chilean Metals is focused on confirming and expanding its current high-grade nickel-copper PGE mineralization historical resource by preparing a new Mineral Resource Estimate in accordance with NI 43-101, identifying additional high-grade mineralization, and developing a process to potentially produce nickel sulphates responsibly for batteries to be used in the electric vehicles industry.3DGS recommended an initial drill program of around 4000 metres covering approximately 15 holes ranging in depth from 80 metres to 500 metres. This drill program has now commenced. It is expected to be 4-5 weeks in duration with drill cores sent into assay labs once a week. We would expect initial assay results back in January. Following the drill program, 3D...