Proactive - Interviews for investors

Power Nickel provides exploration update on Lion Zone discovery at Nisk Project in Quebec

Power Nickel Inc CEO Terry Lynch joined Steve Darling from Proactive to share an exploration update on the Lion Zone discovery at the Nisk Project near Nemaska, Quebec. Assays to date reveal that the Lion Zone extends over a strike length of 550 meters, adjacent to an ultramafic rock unit outcropping at surface for 1.8 kilometers. The winter drill program is advancing westward from the established 550-meter strike length, with step-out drilling at 150-meter intervals. Holes 76, 78, 79, 80, and 81 have been completed, with assays pending, to evaluate the zone’s western extension and the plunging nature of the deposit along strike. The exploration team employs advanced tools such as downhole electromagnetic (EM) surveys, tracking the mineralized area’s extent, which remains open to the east, west, and at depth. The program includes a substantial 30,000 meters of drilling, with plans to incorporate scientific insights to refine future efforts. Currently, two drills are active on-site, with a third set to join after the holiday season. The continued progress at Nisk underscores Power Nickel’s commitment to expanding the Lion Zone’s potential and advancing its role in critical mineral exploration. #proactiveinvestors #powernickelinc #tsxv #pnpn #otcqb #cmetf #nickel #mining #invest #investing #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Duration:: 4m
Broadcast on:: 02 Dec 2024
Audio Format:: other

All right, welcome back inside our proactive newsroom. Joining me now is Terry Lynch. She is the CEO of Power Nickel. And Terry, it's great to have you back again. How are you? I'm doing great, Steve. It's always great to come on to show. It's a great time for us to be getting the word out. Lots of good news from Power Nickel these days. Absolutely. And you've put out some news today at Exploration Update and what's been happening. I know it's been very busy and lots of stuff going on. So let's sort of talk about what you saw in the summer, which led you obviously into the winter drill program. It's been successful so far. Yeah, I mean, if you look at the last three assay results, well, it was like 32 meters or 7% copper equivalent, I think it was 40 meters or 4.8. And then 20 meters or 3.8 or something like that. I mean, it's been just insane numbers. And it's the line zone. This is what we were trying to sort of present in today's news release, it was just how broadly successful we've been. You know, I mean, we're 550 meters. And then we stepped out another 150 meters. It was successful. Obviously, we don't have the assays yet. We'll have to get that. We're probably looking at early January on that. But this thing is the gift that keeps on giving. Yeah, so we're very strong. The backdrop was that we've got a 1.9 visible kilometers of the ultra-maphic at surface and we're tracking it, right? So we're now at 5.15, now we're at 700. Is it going to go to the full 1.9? If I was a betting man, I would bet it would, you know, so that it's going to make this a very big discovery. And that's what we're trying to get the word of them. Yeah, so the program you're doing now is about 30,000 meters. You've got two rigs running going to add another one before Christmas. Obviously, you're trying to hit this one hard. Yeah, I mean, you know, what's good about it is because of our techniques on the exploration side, we're able to forecast where this zone is going. And so fairly highly predictable, like a lot of other exploration drilling, so we're making really great progress in that. So of course, if you're able to do that, you want to expedite it as much as you can because you want to get, you know, rack up the, you know, pull it, pull together resource, you know, just continue to show that this thing has got major size and can be a really big deposit. So that's why we're pressing it so hard. Yeah, Tara's going to ask you about that because you mentioned you're using a lot of this scientific equipment, scientific things to get you to this level of where you feel confident about where you're going to be drilling. You sort of talk about the philosophy behind using all of that to get to where you are now. Yeah, I think one of the big breakthroughs this year for power nickel was getting Dr. Steve Harris root on the side. He's probably, if he's not the top polymetallic guy in the world, he's certainly in that conversation. And so when we've got him to come on as first as an advisor and now as a board member, he had some great insights to share with us on the searching for polymetallic deposits and the most productive way to get at it. So we've basically been following his game plan, where he spent several hundred million dollars over the last several years, first at first quantum and an MMG and IGO and had success everywhere he's gone by following this methodology. So we're just taking a trick at his book and following his techniques, which was the ground EM, the geochemistry, the downhill EM, and integrating it all together and tying it in with structure. And that's led us to some very successful drilling programs and we think the best is yet to come. But the Liberty, we're just gathered almost all the data now. And I think our winter program after Christmas will be even as exciting as it's been. And it's been exciting. It's going to get even better, I believe. So we're best as yet to come for power nickel. OK, lastly, Terry, obviously a lot of drilling going on. There's going to be results coming out obviously into 2025. Where are you heading with this? What are you looking at at certain reports that you want to get finished in 2025? You know what? Honestly, we're trying to sort of just see how big this is. And so we're going to test it. It doesn't make sense to do the reports. I'll tell you at least see where the end of this thing is. We don't see the end of it right now. So it's important to sort of keep on stepping it out and stepping it out and just seeing how big this can be. I think we think it's going to be a world class deposit. And so will that mean we'll get a resource? So next year, not sure. But what we will do is we'll definitely, like we did this morning, we posted all of our assay results. So the independent modelers out there can certainly get in there and start to model the deposit as they see. And then we're going to be doing a metallurgy on the zone so that people can actually have a good number on the metallurgy front to put in the economics. So that part we will do. But a resource, if it happens, it will be toward the end of next year. But honestly, we're going to just see how big this is first. And then we'll get to the resource second. Yeah, it makes sense. Terri, thanks so much. Good update. Good to see you as well. Great Steve. Have a great day. Cheers for now. You as well.