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 has announced highly positive initial assay results from hole PN-24-044 as part of the company's ongoing drill program at the Lion Discovery site. The results demonstrate exceptional mineralization, with 15 out of 16 holes yielding promising findings that underscore the area's rich resource potential. The PN-24-044 intersection revealed 0.60 meters containing 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, highlighting the multi-metal nature of the deposit.
The ongoing drill program utilizes a standard fan drilling design that has proven instrumental in systematically probing the mineralized zone. Current data indicates the mineralized envelope extends to a minimum depth of 300 meters below surface and spans at least 225 meters laterally. Significantly, the mineralization remains open in all directions, suggesting potential for further expansion and discovery. This open-ended nature of the deposit represents substantial upside potential for resource growth as exploration continues.
Geological interpretation places the mineralized zone at the contact with ultramafic rock, displaying a sigmoidal geometry that adds complexity to the deposit model. The identification of a high-grade shoot steeply plunging to the north-northeast direction provides additional targets for future drilling campaigns. These structural characteristics are crucial for understanding the deposit's formation and for guiding subsequent exploration efforts to maximize resource definition.
The consistent positive results from the drill program reinforce Power Nickel's confidence in the Lion Discovery area's potential. As the company continues to analyze and interpret data from the ongoing program, anticipation builds for additional assay results that will further delineate the extent and richness of mineralization. Each successful drill hole brings the company closer to fully understanding the deposit's characteristics and economic potential, supporting the company's commitment to creating value for shareholders through systematic exploration and resource development.
Curated from News Direct
