Power Nickel Inc has announced highly positive initial assay results from hole PN-24-044 as part of its ongoing drill program at the Lion Discovery site, with 15 out of 16 holes yielding promising mineralization findings. The results from PN-24-044 demonstrated exceptional mineral content, including 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, highlighting the rich mineralization potential of the area.
The systematic drill program utilizing a standard fan drilling design has proven instrumental in exploring the mineralized zone, which currently extends to a minimum depth of 300 meters below surface and spans at least 225 meters laterally. The mineralization remains open in all directions, suggesting potential for additional discoveries beyond the current exploration boundaries. According to geological interpretation, the mineralized zone is positioned at the contact with ultramafic rock and displays a sigmoidal geometry, with a steeply plunging high-grade shoot identified in the north-northeast direction.
These results are particularly significant for investors and stakeholders as they demonstrate the substantial resource potential of the Lion Discovery site. The presence of multiple valuable metals including gold, silver, copper, palladium, platinum, and nickel in significant concentrations indicates a polymetallic deposit that could support comprehensive mining operations. The continuity of mineralization across multiple drill holes provides strong evidence of a substantial mineralized system that warrants further exploration and development.
The ongoing analysis of data from the drill program continues to generate anticipation for additional assay results that will further define the extent and richness of the mineralization. Power Nickel's exploration success at the Lion Discovery site represents a critical milestone in the company's growth strategy and resource development pipeline. The consistent positive results reinforce the geological model and support continued investment in exploration activities to fully delineate the resource potential of this promising discovery.
