#Canada #Toronto #Lion Zone #CuEq #Power Metallic

Power Metallic Mines Reports Significant High-Grade Copper Intercepts

Power Metallic Mines Inc. (TSXV: PNPN) has announced promising results from its summer drilling program at the Nisk Project, particularly from the Lion Zone. The recent drilling activities have successfully intersected impressive mineralization, expanding both the resource's knowledge and set the stage for future exploration efforts.

Highlights of the Drilling Program

The key results presented stem from hole PML-25-022, which reported a significant intersection of 5.35 meters grading 16.35% CuEqRec. This continues to bolster interest in the Lion Zone as mining engineers and investors alike watch closely. These high-grade intersections are crucial not only for the current season's drilling but also for setting a foundation for future resource estimates. Power Metallic is aiming to categorize these expansions into a confirmed Indicated Resource classification, thus solidifying their commercial viability.

Another noteworthy result from the drilling includes 6.85m @ 13.15% CuEqRec found in the same hole, alongside further mineralization in adjacent holes. These outcomes collectively begin to validate the geologic model that had been pre-established before the drilling commenced. The results are indicative of a robust mineralized system that has the potential to yield high returns.

Current and Future Exploration Plans

CEO Terry Lynch expressed enthusiasm about the findings, noting that any drill hole yielding significant grades over extended lengths, indicated by the combined grade % and meters, is considered highly lucrative. With technical challenges accompanying the initial drilling efforts, including lost holes due to equipment failures, the company plans to employ more powerful skid drills that can efficiently penetrate deeper into the mineralization zones for upcoming drilling endeavors.

The summer drilling aimed at defining the geometry of the Lion Zone, specifically targeting the downward plunge from known high-grade mineralization. As this information becomes clear, Power Metallic will be adequately equipped to pursue a detailed mineral resource estimate moving forward.

Land Assembly and Expansion Strategy

In addition to the drilling achievements, Power Metallic is embarking on significant land assembly activities. The company's strategic acquisition of land is expected to enhance their exploration capacity, demonstrating their commitment to expanding the Nisk Project. Moreover, their recent success in securing land previously excluded from Hydro Quebec surface leases allows further exploration of previously inaccessible mineral zones with high potential.

The management reports that their knowledge on the geological characteristics of the area has drastically evolved—the understanding of the Lion Zone and the Nisk deposits are integrated into a broader polymetallic system. This comprehensive geological knowledge will direct exploration activities, making the terrain around these deposits prime targets.

Market Awareness Campaigns and Future Direction

To support their pursuits in both investment and exploration, Power Metallic has initiated several marketing service agreements. These campaigns aim to broaden awareness and potentially prepare the company for larger capital market exchanges. The agreements with marketing agencies highlight the company’s commitment to increasing visibility, ensuring their advancements in exploration and subsequent announcements resonate within the market effectively.

Overall, Power Metallic is reinforcing its position in a critical phase of exploration and expanding its development potential considerably. With productive results, strategic land acquisitions, and proactive public relations efforts, the company is setting up for an exciting exploration phase ahead that could catalyze significant discoveries in the realm of copper and nickel mining.