#Canada #Toronto #Lion Zone #CuEq #Power Metallic

Overview

Power Metallic Mines Inc., based in Toronto, has announced significant findings from their recent Winter 2026 drilling campaign at the Lion Zone, part of their larger Nisk Project Area. Notably, drill hole PML-26-050 revealed an impressive intersection of 27.10 meters with a copper equivalent grade of 2.17%, which includes a remarkable section of 4.76 meters at 10.43% CuEq. This news is pivotal for the mining company as it aims to bolster its resource estimates ahead of the forthcoming Mineral Resource Estimate (MRE).

Detailed Drill Results

The latest assays document the following significant intersections from the Lion drilling:

• - PML-26-050: This hole notably intercepted the high-grade eastern edge of the Lion Zone with 27.10 meters returning grades that averaged 0.13 g/t Au and 0.59% Cu.
• - PML-26-051: Discovered a copper equivalent of 1.62% over 10.60 meters, which includes notable grades in its intervals.
• - PML-26-052: Targeted the western edge and yielded 10.35 meters averaging 2.88% CuEqRec, demonstrating strong ongoing mineralization.
• - PML-26-053: Although slightly lower grade, it affirmed consistent mineral presence with an average of 2.13% CuEq over 21.25 meters.

The inclusion of a drill hole targeting exploratory aspects, PML-25-021x, returned assays of 6.00 meters averaging 0.78 g/t Au, supporting the idea of previously undefined gold structures in the region.

Implications for Future Mining Operations

These results provide crucial data that not only confirm the potential of the Lion Zone but also serve to validate the ongoing exploration model supporting early-stage open pit mining. CEO Terry Lynch expressed optimism about the results, showcasing confidence in the ongoing drilling and exploration processes and suggesting these results should strengthen investor confidence ahead of the MRE.

The results from this drilling campaign are set to play a vital role in formulating a Preliminary Economic Assessment (PEA) that analyzes the viability of the mining operation.

Exploration Insights

The Winter 2026 campaign reflects the company's ongoing strategy to outline and expand its high-grade resource base. Continued drilling efforts aim to chart areas surrounding the Lion Zone, aimed at both securing the existing resource and identifying potential new high-value structures. With 37 holes awaiting assay results, the team's efforts continue to reveal deeper insights into the underground workings of this prospective area.

About Power Metallic Mines Inc.

Power Metallic Mines Inc. concentrates on the Nisk Project Area, which boasts a rich mineralization environment comprising copper, nickel, palladium, gold, and silver resources. The recent activities underscore a commitment to advancing these resources toward establishing Canada’s next polymetallic mine.

Further Steps in Exploration

As drilling continues into the season, further updates on the results and any new strategies in their exploratory approach are eagerly anticipated by stakeholders and market watchers alike. The company is dedicated to refining the geological interpretations based on its results, and adapting its explorative approach accordingly.

In conclusion, Power Metallic's recent drilling at the Lion Zone reveals promising potential for resource expansion and exploration success, paving the way for a strong path forward in their mining ambitions within the region.