#Canada #Toronto #Lion Zone #Power Metallic #Cu-Ni Mining

Power Metallic Mines Inc. Reports High-Grade Intercepts and Plans for Future Exploration in Lion Zone

Power Metallic Mines Inc. (TSXV: PNPN) has recently announced significant findings from its summer drilling program at the Nisk Project Area, which aims to enhance mineralization exploration within the Lion Zone. The results included a striking intercept of 4.40 meters grading 12.18% copper (Cu) and 14.34% copper equivalent (CuEqRec), along with other high-grade intersections that bolster expectations for further resource modeling at this promising site.

As an exploration company focused on advancing high-grade copper, platinum group elements (PGE), nickel, gold, and silver systems, Power Metallic's recent activities showcase continued progress in defining the mineralization at Lion. The company’s summer drilling was specifically designed to trace extensions of existing high-grade shoots at the Lion deposit and to refine the geometry of the zone for future resource estimates.

Summer Drilling Highlights

The reported results from Hole PML-25-029b indicate high-grade copper intersections that are crucial for future mineral resource estimation. The report detailed:

• - 20.40 meters of 2.91% Cu (3.58% CuEqRec) including the 4.40 meters at 12.18% Cu.
• - Additional records included high-grade intersections such as 1.59 meters at 27.92% CuEqRec in Hole PML-25-025, and 2.65 meters at 17.79% CuEqRec in Hole PML-25-031.

These discoveries not only confirm the anticipated grades within the Lion zone, but they also potentially expand the known mineral structure, opening pathways for additional resource accumulation in the future.

Strategic Plans and Future Exploration

Terry Lynch, CEO of Power Metallic, expressed optimism regarding the recent results and outlined a clear strategy moving forward. The company aims to continue drilling around the Lion Zone, tapping into three strategically identified target areas supported by geological analysis and borehole electromagnetic (BHEM) data. Particularly, the extended Hole PN-24-064, which was drilled beyond the Lion Zone, revealed a large off-hole BHEM anomaly that will be investigated further, as it sits in the interpreted fold hinge expected to host more mineralization.

As Power Metallic approaches the winter season of drilling, the exploration team is set to maintain a rigorous focus on high-priority targets, bolstering their confidence in the potential for new discoveries. Notably, the company is also preparing for an anticipated listing on the NYSE to access broader capital markets, which could facilitate more robust exploration initiatives.

Broader Implications for the Nisk Project Area

Beyond the immediate successes at the Lion Zone, the exploration extends to the ongoing assessment of the Nisk East target. Recent intersections in this area have shown modest mineralization, prompting a reevaluation of drilling strategies following new land acquisitions. These allow for effective targeting and potential gameplay along the geology that connects with known deposits at Lion, further solidifying the area's overall mineralization potential.

Additionally, Power Metallic is moving forward with their exploration in the Hydro Lands, believed to be a continuation of the geological systems identified at Nisk and Lion. The recently acquired permits facilitate immediate drilling efforts, thereby expediting the pace of exploration in what is regarded as a highly promising area.

Quality Assurance and Methodology

Power Metallic ensures that all drilling operations are conducted under strict quality assurance protocols, utilizing certified laboratories for sample analysis. GeoVector Management Inc. oversees the drilling program, while all samples are submitted to Activation Laboratories Ltd for preparation and assessment, adhering to high standards of accuracy and reliability in data results.

In conclusion, Power Metallic Mines Inc.'s proactive approach to exploration at the Nisk Project, coupled with substantial recent drill results, presents an exciting prospect for stakeholders and potential investors alike. With an ambitious drilling schedule and strategic land acquisitions, the company is well-positioned to unveil further developments in this mineral-rich region.