#Canada #Toronto #Power Metallic #PGE minerals #Copper deposits

Power Metallic Mines Inc. Reveals Positive Results from Initial Mineralogy Study

Power Metallic Mines Inc., a Canadian exploration company, has recently shared encouraging initial findings from mineralogy scans performed on samples from its Lion deposit. These scans, conducted by IOS Geosciences, are designed to assess the mineral characteristics of the site, particularly its potential for platinum group element (PGE) enrichment associated with copper minerals.

The Lion deposit, located within the Nisk Project Area, features two defined zones of mineralization: a High-Grade zone showcasing rich copper sulphide deposits, and a lower-grade Hanging-wall Zone. Preliminary results from over 100 mineralized samples suggest the presence of semi-massive to massive copper sulphide and highlight the considerable metal value concentrated within the High-Grade zone.

Mineralogy and Scanning Results

Detailed microscopic examinations conducted on selected samples from these zones reveal crucial insights into the mineral species present. With approximately half of the sampling suite analyzed, results so far indicate that conventional sulphide concentrate recovery methods are likely viable for extracting valuable metals from the High-Grade zone. The key minerals identified include chalcopyrite and cubanite, which are expected to exhibit favorable responses to conventional concentration processes akin to those used for Sudbury type ores.

Furthermore, scans have detected the majority of PGE mineral species, which appear either within or attached to the chalcopyrite and cubanite. Specifically, minerals such as stannopalladinite, froodite, and merenskyite have been identified, akin to those found in other significant polymetallic deposits. This revelation fuels optimism regarding the efficient recovery of PGEs alongside copper in concentrates produced at the site.

Future Developments

The mineralogical testing is on track for completion by the end of summer, laying the groundwork for subsequent metallurgical studies aimed at evaluating the optimal recovery techniques for the Lion deposit. Power Metallic is set to commence this critical phase of work before the winter drilling program begins, with initial results anticipated to be available early next year.

Joseph Campbell, P.Geo, and VP Exploration at Power Metallic, serves as the qualified person overseeing the technical disclosure related to these efforts, ensuring accuracy in reporting and analysis.

About Power Metallic Mines Inc.

Power Metallic is committed to unlocking the potential of the Nisk Project Area, which includes the high-grade Copper-PGE, Nickel, and gold-rich zones. The company significantly expanded its footprint through recent acquisitions, now controlling approximately 212.86 square kilometers of land exhibiting potential for further mineral discoveries. In addition to the Nisk Project, Power Metallic also holds significant interests in land packages in British Columbia and Chile, further enhancing its position in the mining sector.

For more information about ongoing projects and developments, stakeholders are encouraged to reach out to Power Metallic Mines Inc. as they pave the way toward advancing to Canada's next polymetallic mining venture.