Power Metallic Mines Reports Outstanding Drilling Results at Lion Zone with High Copper Intercepts

Power Metallic Mines Inc. Unveils Impressive Drilling Results at Lion Zone

Power Metallic Mines Inc. has announced remarkable drilling results from its Lion Zone, identifying high-grade copper intersections that highlight the potential of this area. This new data is crucial as it marks a significant step in the company's exploration efforts.

Key Findings from the Drill Program

On May 6, 2026, Power Metallic Mines Inc. (TSXV: PNPN) released findings from their winter 2026 drilling program, detailing remarkable results from drill hole PML-26-095, which intercepted 22.00 meters of mineralization with an impressive grade of 11.46% CuEqRec¹. This includes higher-grade segments of 6.50 meters at 18.59% CuEqRec¹ and 4.00 meters at 18.62% CuEqRec¹. These results not only exceed the usual thresholds found in average producing copper mines but also reinforce the projected core of the Lion Zone, underlining its importance in the upcoming Mineral Resource Estimate (MRE).

In addition to PML-26-095, drill hole PML-26-069, located approximately 560 meters south-southwest, also reported notable results with 6.58 meters at a grade of 4.00% CuEqRec¹, with a remarkable interval showcasing 2.82 meters at 8.26% CuEqRec¹. This blend of deep intercepts and robust near-surface mineralization suggests a well-distributed potential within the Lion Zone.

Implications for Open Pit Development

The results from the recent drill holes are a promising sign for the environmental and economic viability of open pit development in the area. The consistent high-grade intersections not only build on the existing model but also point to the possibility of extending extraction operations deeper into the site. The continued success of the drilling program enhances confidence in the Lion Zone's economic projections leading toward the upcoming MRE expected in the third quarter of 2026.

Advanced Geological Insights

The drill holes are part of an extensive exploration strategy aimed at refining the mineral resource estimates around the Lion Zone. As part of this strategy, Power Metallic has employed advanced analytics to interpret the geological data, aiming to build a comprehensive understanding of the mineral distribution and to optimize future drill targets.

CEO Terry Lynch stated, "The Lion Zone continues to deliver high-grade intersections that are more than an order of magnitude beyond the grade of the average producing copper mine. Hole PML-26-095 represents our second-best intersection to date, and these results not only affirm the thickness and grade but also highlight the exceptional potential of this asset."

Future Exploration Plans

Looking forward, Power Metallic is gearing up for more assay results from additional drilling activities aimed at expanding the known mineralization in the Lion Zone. In tandem with evaluations of other regional exploration targets, these efforts demonstrate an ambitious push towards eventually establishing a polished mining operation in this promising area of high-grade mineral deposits.

With a focus on advancing the Nisk Project Area, which encompasses high-grade Copper-PGE, Nickel, gold, and silver systems, Power Metallic Mines Inc. continues to pursue significant opportunities for mineral extraction and resource management. The company is committed to adhering to environmental protocols and sustaining community cooperation in their exploration endeavors.

In summary, Power Metallic's latest drilling results at the Lion Zone not only affirm the viability of the site but set the stage for the potential establishment of a highly productive mining operation that could significantly contribute to the Canadian mineral wealth, especially in the context of increasing demand for copper and other essential minerals globally.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration company aiming to advance the Nisk Project Area toward becoming a top-tier polymetallic mining operation. Following strategic acquisitions and an intensive exploration program, the company is well-positioned to enhance its mineral resource base while exploring additional prospects in British Columbia and Chile.