Proactive - Interviews for investors

Power Metallic Mines strategic land acquisition and accelerates drilling program

Episode Summary

Power Metallic Mines CEO Terry Lynch joined Steve Darling from Proactive to announce the company has closed a definitive agreement to acquire a 100% interest in 313 mineral claims, totaling 167 square kilometers. This acquisition significantly expands the company’s land position surrounding its flagship Nisk property, where ongoing exploration continues to build on the high-grade Lion discovery and the Nisk deposit. With this acquisition, Power Nickel now holds approximately 212.86 square kilometers of land in the Nisk camp, securing around 20 kilometers of strike along the northern basin margin and 30 kilometers along the southern margin. This expanded land package includes the Lion, Tiger, and Nisk discoveries, placing the company in a strong position to further develop its nickel-copper assets. Lynch also shared details on the company’s active summer-to-fall exploration campaign. Four drill rigs are currently operating across the property, utilizing a combination of skid-mounted, trail-accessible, and helicopter-supported systems. The program aims to complete, 10,000 to 12,500 meters of drilling at the Lion discovery, 5,000 to 6,250 meters at the Tiger target, and 5,000 to 6,250 meters at Nisk Main, Nisk West, and Nisk East To enhance targeting, the company is employing borehole electromagnetic (BHEM) surveys on selected drill holes to detect off-hole conductive anomalies. Power Nickel has previously had notable success following up on BHEM data. Additionally, localized ground EM surveys are planned to refine targets based on reinterpretations of airborne EM data collected in 2023. This comprehensive exploration approach reflects Power Nickel’s commitment to unlocking the full potential of its expanded land package and advancing toward a resource update in a highly prospective nickel-copper-PGE district. #proactiveinvestors #powernickelinc #tsxv #pnpn #otcqb #cmetf #nickel #mining #invest #investing #PowerMetallicMines #MiningIndustry #PolymetallicExploration #Copper #Nickel #TSXVenture #TerryLynch #ProactiveInvestors #InstitutionalInvestment #Gold #Silver #PGMs #Investing #ResourceSector #MiningNews