| Announcement Date: | 2023-05-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Power Nickel Inc. |
| Project name: | Nisk |
| Location: | Canada |
| Commodities: | Gold,Palladium,Platinum,Silver,Copper |
| Highlight: | Drilling results incl. 7.75m at 1.47% Cu, 13.1g/t Ag, 0.28g/t Au, 5.71g/t Pd, 20.76g/t Pt from 60.50m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, ON / May 10, 2023 / Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit. The target area was never previously drilled and was identified as “Wildcat.” It is characterized by a strong magnetic anomaly from an ultramafic unit previously mapped in the surface outcrop. Ultramafic rocks consistent with the main Nisk deposit were intersected in hole PN-23-031A, but the high-grade mineralization is hosted in amphibolite and tonalite, which lie on top of the ultramafic sequence. |
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