Power Nickel Expands Exploration at the Nisk Project with New Drilling Results

Power Nickel Inc. has revealed remarkable advancements in its exploration efforts at the Nisk Project, specifically in the Lion Zone, located near Nemaska, Quebec. The company has successfully completed drill hole 80, moving an additional 150 meters along the strike westward from the previously established mineralized zone. This drilling is part of the ongoing winter exploration program which aims to uncover further potential in the region.

Current Exploration Overview

Based on prior assays communicated to the market, the Lion Zone has demonstrated mineralization over a substantial strike length of 550 meters, adjacent to an ultramafic rock unit that shows a surface outcrop extending for 1.8 kilometers. The winter drill program has seen the team venture further west of this defined strike by 150 meters, with several additional drill holes prepared and pending assay results. With holes 76, 78, 79, 80, and 81 already drilled along this strike extension, there are promising expectations for uncovering additional mineralized zones.

Recent geological evaluations suggest the semi-massive to massive chalcopyrite-rich mineralized area appears to be plunging at a rake of approximately 45 degrees to the west, indicating its vertical extent is comparable to its horizontal reach. This structural interpretation has prompted Power Nickel to collar Hole 80, specifically targeting potential extensions of the Lion Zone.

Expert Insights and Future Directions

Terry Lynch, CEO of Power Nickel, remarked on the compelling nature of the Lion Zone discovery, spotlighting the talent involved in the project, such as Dr. Steve Beresford, and the influx of new investors in the company. Lynch highlighted the application of various scientific techniques utilized by the exploration team to track the mineralized zone effectively.

Under the current 30,000 meters drill program, the use of downhole electromagnetic (EM) methods continues to play a pivotal role in identifying the extent and continuity of mineralization. The ongoing assessment and future drilling efforts are expected to yield significant insights into the depth and lateral extensions of the Lion Zone, further enhancing the strategic drilling approach.

Geophysical Methods and Targets

According to Power Nickel's exploration crew, the geophysical tools being employed include Ambient Noise Tomography and EM surveys, which help define rock density contrasts and detect massive sulfides, respectively. This comprehensive geological assessment will not only assist in immediate drill planning but will also identify possible target areas within the stress zones of the mineralization.

Dr. Beresford’s expertise in geochemistry is being leveraged to configure optimal testing locations that align with mineralized traits observed in the region. The identified three-member metallic zonation - where nickel-rich components evolve into copper-rich ones - positions Power Nickel strategically within this polymetallic environment.

Upcoming Plans

Looking ahead, Power Nickel has a clear plan for its winter exploration initiatives. The focus will be placed on drilling west of the existing strike length, with the anticipation of discovering new near-surface zones or extending existing mineralization. Should the drilling prove successful, it would significantly add value to the company’s operations and potentially lead to discovering additional mineral deposits in the area.

Furthermore, due to the expertise and efforts of GeoVector Management, the consulting firm assisting with the drill program, all drill cores are meticulously logged and analyzed at Activation Laboratories Ltd, ensuring a rigorous quality assurance program is maintained throughout the process.

Kenneth Williamson, Vice President of Exploration at Power Nickel, highlighted the importance of data obtained from downhole EM surveys, reiterating the team's commitment to utilizing this knowledge in tandem with traditional exploration techniques.

In conclusion, as Power Nickel embarks on this extensive exploration journey at the Nisk Project, the findings from Hole 80 and subsequent drilling endeavors hold the promise of not only enriching the understanding of the Lion Zone but also catalyzing the potential of this region as a leading nickel-copper polymetallic resource.