Impact: Positive
Power Nickel (PNPN) reported assay results from the three final holes of the summer 2024 program targeting the Lion Zone at its 80%-owned Nisk project in Quebec. These three holes (72, 74, 75) are step-outs down-plunge to the west, and all three encountered high-grade massive sulphide mineralization as well as lower-grade disseminated hanging-wall mineralization. In our opinion, these are positive results. We are encouraged by the continuity of the massive sulphide mineralization, and the wide intervals in these holes bodes well for the size potential of the zone. While at first glance holes 74 and 75 appear lower grade than some of the previously reported holes in the heart of the zone, they still both contain high-grade massive sulphide intervals. Overall, while there is some variability in grade-thickness from hole to hole, we are encouraged by the demonstration of continuity of the zone down-plunge to the west, where it remains open.