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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