Power Nickel Reports Exceptional Assay Results from Lion Discovery Drill Program
TL;DR
Power Nickel Inc's assay results for hole PN-24-044 show impressive mineralization potential, offering a competitive advantage for investors.
The ongoing drill program at the Lion Discovery site has systematically probed the mineralized zone, yielding exceptional results and extending to a minimum depth of 300 meters.
Power Nickel's exploration efforts at the Lion Discovery site have the potential to create value and opportunities in the dynamic world of mineral exploration, making tomorrow better than today.
PN-24-044 revealed an impressive intersection, boasting 0.60 meters of 24.3 grams of gold, 5.7 grams of silver, 5.29% copper, 3.26 grams of palladium, 0.29 grams of platinum, and 3.31% nickel.
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Power Nickel Inc CEO Terry Lynch announced the initial assay results for hole PN-24-044, a key component of the company's ongoing drill program at the Lion Discovery site. The results have been overwhelmingly positive, with 15 out of 16 holes yielding promising outcomes. Among the highlights, PN-24-044 revealed an impressive intersection featuring 0.60 meters of 24.3 grams of gold, 5.7 grams of silver, 5.29% copper, 3.26 grams of palladium, 0.29 grams of platinum, and 3.31% nickel. These findings underscore the rich mineralization potential of the Lion Discovery area and demonstrate the systematic approach being taken through the standard fan drilling design.
The current mineralized envelope extends to a minimum depth of 300 meters below the surface and spans a lateral distance of at least 225 meters, with mineralization remaining open in all directions. This suggests significant potential for further discoveries and resource expansion. Based on current interpretation, the mineralized zone is situated at the contact with the ultramafic rock, exhibiting a sigmoidal geometry. Notably, a high-grade shoot has been identified, steeply plunging to the north-northeast, adding complexity and excitement to the exploration efforts. The ongoing analysis and interpretation of data from the drill program continues to build anticipation for additional assay results that will provide further insights into the extent and richness of the mineralization.
With each successful drill hole, Power Nickel moves closer to unlocking the full potential of the Lion Discovery area. The company's commitment to value creation for shareholders and stakeholders is reinforced by these exceptional results. The systematic probing of the mineralized zone through the ongoing drill program has proven instrumental in understanding the geological characteristics and economic potential of the discovery. As exploration efforts continue, these findings position Power Nickel for potential resource definition and development opportunities in the dynamic mineral exploration sector.
Curated from News Direct
