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Power Nickel Announces New Assay Results from its Polymetallic Lion Zone Discovery
Power Nickel Announces New Assay Results from its Polymetallic Lion Zone Discovery
By Trend Editor
October 8, 2024
Photo by Ana Benet via Pexels
Holes 63,66,67 deliver 5-12 metres with CuEq ranging from 2.36 % to 5.93 % TORONTO , Oct. 1 , 2024 /PRNewswire/ - Power Nickel Inc. ( the `` Company '' or `` Power Nickel '' ) ( TSXV : PNPN ) ( OTCBB : PNPNF ) ( Frankfurt : IVV
Holes 63,66,67 deliver 5-12 metres with CuEq ranging from 2.36% to 5.93%
TORONTO, Oct. 1, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the assay results obtained for the first five holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
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Figure 1: Longitudinal view of the Lion Zone Discovery; assay results from PN-24-063 to PN-24-067 are presented in red. The current size the of the zone is derived from observation of semi-massive to massive sulphides. An interpreted deformation corridor appears to control the presence and thickness of mineralized sulphides. (CNW Group/Power Nickel Inc.)
Note: Length is presented as downhole distance, as gathered from preliminary “quick logs”; true width corresponds to 60-80% of such downhole distance in function of the orientation of the hole. *CuEq Rec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers. (CNW Group/Power Nickel Inc.)
Figure 2: Sections 05+50. Mineralized zone is between Red Brackets. Comprised of Massive And Semi Massive Chalcopyrite and Stringers. (CNW Group/Power Nickel Inc.)
Figure 3: Sections 05+00. Mineralized zone is between Red Brackets. Comprised of Massive And Semi Massive Chalcopyrite and Stringers. (CNW Group/Power Nickel Inc.)
