#Canada #Toronto #Nisk Project #Power Metallic #exploration plans

Power Metallic Updates on Nisk Project Exploration for Summer 2025

Power Metallic Mines Inc. (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) has recently provided an exciting update regarding its exploration activities at the Nisk Project, particularly focused on their ambitious plans for the summer and fall of 2025.

Current Exploration Status

As of now, the exploration campaign is in full swing, with significant progress made on the logging and core cutting facility upgrades necessary for enhancing the exploration drill program's efficiency. Following the successful mobilization of project teams, drillers from RJLL Forage Drilling, and helicopter support from Expedition, the drilling program commenced on June 9, 2025. Currently, three drill rigs are actively operating, with an additional rig scheduled to be deployed soon.

The summer drilling campaign aims to cover approximately 10,000 to 12,500 meters at the Lion site, alongside 5,000 to 6,250 meters each at the Tiger and Nisk regions. The drilling is split between skid-mounted operations and helicopter-supported access, allowing flexibility in targeting various mineralized zones identified in the previous year’s programs.

Innovative Techniques in Exploration

In an effort to maximize the yield from the current drilling activities, Power Metallic is undertaking Borehole Electromagnetic (BHEM) surveys conducted by Geophysique TMC. The use of these surveys has proven effective in identifying off-hole anomalies and locating mineralization, resulting in successful discoveries in prior exploration efforts. Furthermore, localized ground EM surveys will be initiated, following the reinterpretation of Airborne EM data collected earlier this year.

A dedicated field crew is on the ground actively mapping and prospecting the area, coinciding with the announced land acquisition from Li-FT Power, which spans the south limb of the basin and includes potentially lucrative geological formations conducive to copper, platinum group elements (PGE), and nickel deposits.

To complement these ground surveys, a comprehensive airborne EM/magnetic survey, executed by Geotech Ltd, is underway. Approximately one-third of the survey, which is critical for delineating EM conductors over identified geological formations, has been completed to date. Additionally, a LiDAR survey aimed at capturing high-accuracy topographical data across Power Metallic's land has begun, which is expected to assist significantly in future exploration planning and site selection.

Continued Mining Research

As exploration expands, Power Metallic is concurrently conducting in-depth mineralogy studies through IOS and Elemission to better understand the Lion style mineralization and the host rocks containing the Lion Zone. Updates regarding these studies will be shared in future press releases, which will include essential information on expected metallurgical recoveries.

Current and Future Prospects

At the Lion site, two fly rigs are being utilized for drilling aimed at both extending the known mineralization and filling data gaps within the deposit area. This season, five drilling holes have already been completed, with assay results awaited on significant mineralized zones. At the Tiger site, one drill unit is exploring undrilled targets, contributing to the potential expansion of mineral resources.

Efforts are also focused on bridging the information gap between the known Lion and Tiger mineralized zones with exploratory drilling planned in this interim zone. At the Nisk deposit, a skid-mounted drilling rig is operational to investigate potential mineralization between Nisk and Lion, with indications of a hybrid mineralization style emerging from recent drilling campaigns.

Acquisition News and Future Plans

In a significant development, Power Metallic is nearing the completion of a key acquisition, adding 167 km² to its existing land, thus increasing the company's land package by over 300%. This acquisition is expected to be formalized shortly. Moreover, the company is actively obtaining drill permits for the newly acquired lands, with prospects of extending drilling into areas with high copper-nickel mineralization potential.

Overall, Power Metallic Mines Inc. is continuously adapting and scaling its operations, particularly as the high-grade mineralization potential at the Nisk Project area becomes increasingly evident. With strategic drilling advancements, exploration expansion, and ongoing research initiatives, the company is well-positioned for significant developments in the near future.

Conclusion

As Power Metallic Mines Inc. moves forward into summer 2025, investors and stakeholders will be keenly watching for assay results and progress reports from the drill sites. The ongoing efforts in exploration, mineralization studies, and land acquisitions signify an optimistic outlook for the company's future.