#Canada #Toronto #Nisk Project #Power Metallic #Drill Rig

Power Metallic Expands Drill Capacity at Nisk Project

Power Metallic Inc., a Canadian exploration company, has announced an exciting update regarding its Nisk Project, ramping up exploration efforts significantly. The company plans to expand its drill rig capacity from three to six by June 2025. This move comes as part of a broader initiative to intensify exploration activities beginning in the second quarter of 2025, following a successful funding round that has equipped the company with over C$40 million for exploration through 2026.

Aiming for Extensive Growth

With plans to conduct approximately 100,000 meters of drilling over the next 21 months, Power Metallic is set to extend its current mineralization zones at both the Lion and Tiger areas while exploring the untested 5.5 kilometers of mineral-rich strike between these two zones. This represents a significant scaling of their exploration programs, designed to yield new discoveries and enhance the understanding of the area’s mineral wealth.

Currently, the Nisk Project features innovative exploration technologies, including borehole electromagnetic surveys (BHEM) and ground electromagnetics, to refine drill targeting and visualize mineral deposits accurately. Power Metallic anticipates these methods will guide them effectively towards promising mineralization and reduce instances of false positives that have previously hindered exploration activities in the mining sector.

Drilling Through Success

In the Lion area, Power Metallic is continuing its successful dives into exploration with a focus on depth expansion. The forthcoming assays from holes PN-24-086, 087, 092, 093, 096, 097, and 100 are highly anticipated as they have shown significant visual mineralization. Furthermore, studies around the Tiger zone have uncovered multiple conductive off-hole plates as a result of BHEM, offering promising leads for successful mineral interferences.

Power Metallic's exploration model assumes that the mineral distribution at the Tiger area mirrors that of Lion and Nisk. The initial intersections in the Tiger zone, particularly hole PN-24-094, ignited a series of targeted follow-ups. This methodical approach highlights the company's advancing exploration strategy, ensuring their operations are streamlined and capitalize on newfound anomalies.

Bridging Between Lion and Tiger

The successful BHEM surveys have allowed Power Metallic to target mineralization effectively between the Lion and Tiger zones. Drill hole PN-25-102 has successfully intersected sulphide mineralization along this critical section, suggesting the potential for a connected mineralized trend from Lion to Tiger, which greatly increases the areas available for exploration.

Meanwhile, drilling will continue at Nisk, aiming to establish a broader understanding of its nickel, copper, cobalt, and platinum group elements (PGE) potential. The most recent endeavors have revealed a narrow, yet promising massive sulphide zone with elevated nickel and cobalt content, raising hopes for the future variety of hybrid deposits.

Future Endeavors and Goals

As Power Metallic prepares for its core facility setup expected to net six operational rigs, the company is focused on meticulously planning its exploration path. The strategic deployment of up to four drills in the Lion-Tiger area will aim to expand known mineralization while exploring neighbouring zones.

In conjunction with drilling, geological mapping and ground surveys will resume to lend further insight into potential mineral deposits. The company also recognizes the need for adaptive planning driven by project successes; therefore, all strategies will be flexible to welcome new developments.

Joseph Campbell, VP of Exploration, states, “Each success fuels our aspiration for the next discovery, and our committed exploration team is ready for the challenges ahead.”

Conclusion

As Power Metallic’s exploration continues to gain momentum, stakeholders look forward to fascinating discoveries from the Nisk Project. With expanding drilling capabilities, innovative technologies, and adequate funding, there's potential for Power Metallic to emerge as a key player in Canada’s mining industry.