#Canada #Toronto #Lion Zone #Power Metallic #copper mining

Power Metallic Mines Inc. Reports High-Grade Copper Intercepts

Power Metallic Mines Inc. (the Company or Power Metallic) has recently made strides in its exploration efforts at the Lion Zone, announcing promising new drill results showing substantial copper grades. Notably, findings from its winter 2026 drilling program affirm the strength of the project and highlight the viability of low-grade mineralization.

During this latest assessment, Power Metallic has reported high-grade copper intercepts that include a notable 4.07 meters at a significant grade of 8.73% CuEqRec1 from drill hole PML-26-067 and an impressive 10.30 meters averaging 4.04% CuEqRec1 from hole PML-26-097. These high-grade intercepts underline the presence of robust copper mineralization near the surface of the Lion Zone, adding considerable confidence to the project's potential.

Moreover, the metallurgical testing results have been equally encouraging. Locked-Cycle Testing (LCT) on lower-grade disseminated mineralization has demonstrated a strong recovery potential, outlining the efficiency of conventional flotation processes in extracting metals from low-grade resources. This development bodes well for the project's overall economics, opening the door for new strategies that could substantially enhance resource evaluations and operational efficiency.

Ongoing Assessments and Future Prospects

As Power Metallic continues to analyze data from its drilling programs, updated assay results are anticipated to be disclosed by mid-June, which will augment the initial NI-43-101 Mineral Resource Estimate (MRE) for the Lion Zone. This MRE will serve as a foundation for a Preliminary Economic Assessment (PEA) expected to commence shortly thereafter.

Recent drilling has also confirmed the spatial continuity of mineralized zones, further solidifying the foundation for future open-pit potential. The emphasis on infill drilling has significantly bolstered confidence in the mineralization's viability, which is pivotal as the Company gears up for its MRE reporting.

Power Metallic's commitment to advancing its operations is evident in the notable consistency of drill hole results, which consistently highlight high-grade copper intercepts at shallow depths. For instance, results from PML-26-067 indicated 4.07 meters of high-grade copper mineralization just 50 meters below the surface, presenting a highly encouraging outlook for the future of the Lion Zone.

The broader implications of these findings are underscored by the extensive metallurgical assessments conducted by SGS Canada Ltd., which have illuminated the potential for successful extraction processes for both copper and associated precious metals like platinum and palladium. The recovery rates from the latest tests indicate that even lower-grade material could have significant economic viability in the project's long-term development strategy.

As the Company continues to expand its understanding of the Nisk-Lion-Tiger project area, exploration efforts are not solely confined to the immediate vicinity of the Lion Zone. Power Metallic also possesses promising land packages in both British Columbia and Chile, further positioning itself as a competitive player in the resource exploration landscape. This commitment to exploration and the robust analytical framework being adopted will ultimately define the Company’s pathway to becoming a leader in the sector.

Conclusion

In summary, Power Metallic’s recent drill results and metallurgical testing have not only validated previous expectations but have clarified the Company’s operational roadmap as it looks towards future mining endeavors. With continuous exploration and rigorous data analysis, Power Metallic is poised to make significant contributions to the mining industry, particularly within the domain of copper and precious metal recovery.