Power Nickel Inc has announced initial assay results for hole PN-24-044 as part of its ongoing drill program at the Lion Discovery site, with 15 out of 16 holes yielding promising outcomes. The results from PN-24-044 showed an impressive intersection of 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. These findings demonstrate the rich mineralization potential of the Lion Discovery area and highlight the success of the company's systematic exploration approach.
The ongoing drill program utilizes a standard fan drilling design that has proven instrumental in probing the mineralized zone's presence. Current data indicates the mineralized envelope extends to a minimum depth of 300 meters below surface and spans laterally at least 225 meters. Importantly, the mineralization remains open in all directions, suggesting potential for further discoveries beyond the currently defined boundaries. This open nature of the mineralization provides significant upside potential for resource expansion as drilling continues.
Geological interpretation places the mineralized zone at the contact with ultramafic rock, exhibiting a distinctive sigmoidal geometry. A high-grade shoot has been identified steeply plunging to the north-northeast direction, adding complexity and excitement to the exploration efforts. The combination of precious metals including gold, silver, palladium, and platinum alongside base metals like copper and nickel creates a multi-commodity opportunity that enhances the project's economic potential. The presence of these multiple valuable elements in significant concentrations represents a rare and valuable discovery in mineral exploration.
As Power Nickel continues analyzing data from its ongoing drill program, additional assay results are anticipated to provide further insights into the extent and richness of mineralization at the Lion Discovery site. The consistent positive results from the drilling campaign bolster confidence in the project's potential and support continued investment in exploration activities. The company's systematic approach to exploration and the promising results to date position the Lion Discovery as a significant emerging resource in the mining sector.
