Introduction Power Nickel Inc., a Canadian junior exploration company, is drawing attention with its recent high-grade assay results from the Lion Zone, a new polymetallic discovery in Quebec. As the company continues to explore its Nisk project, the results indicate a rich combination of copper, platinum, palladium, gold, and silver. This discovery has significant implications for the company and investors, highlighting the potential for Canada's first carbon-neutral nickel mine.

Background and Context Power Nickel focuses on developing high-grade nickel-copper-platinum group metal (PGE) projects in Canada. The Nisk project, its flagship, spans 20 kilometers of strike length and is strategically located near key infrastructure, including a Hydro-Quebec substation providing low-carbon hydropower. The recent assay results further establish the company's reputation for identifying valuable mineral zones.

Key Highlights and Advantages The assay results from three holes—PN-24-048, PN-24-052, and PN-24-053—are particularly impressive. Here's a summary of the standout results:

• Hole PN-24-048: 15.27 meters of high-grade mineralization, including 1.89% copper, 7.07 g/t palladium, and 1.26 g/t platinum.
• Hole PN-24-052: 11.35 meters with a mix of copper, gold, platinum, and palladium.
• Hole PN-24-053: 5.00 meters yielding high copper content (12.70%), along with substantial palladium and platinum levels.

These findings suggest that the Lion Zone has a high-grade core surrounded by thinner edges. The system starts at the surface and extends down to 275 meters, indicating significant exploration potential.

Potential Impact and Significance The discovery in the Lion Zone could have a major impact on Power Nickel's trajectory, as it continues to expand its near-surface high-grade mineralization. This new zone is located just 5 kilometers northeast of the main Nisk deposit, further illustrating the potential for broader exploration. The company's plans for continued drilling in the summer season, focusing on deeper mineralized intersections, show commitment to uncovering more high-value deposits.

Expert Opinions and Analysis Terry Lynch, Power Nickel's CEO, commented on the importance of these results, emphasizing the delineation of a high-grade core with well-mineralized edges. Kenneth Williamson, Power Nickel's VP of Exploration, also highlighted the correlation between observed massive chalcopyrite and high assay results, noting the company's optimism about upcoming assays from additional drill holes.

Challenges and Considerations While the new discovery is promising, the company recognizes that further exploration and 3D modeling will be needed to fully understand the zone's potential. Power Nickel's Quality Assurance and Quality Control (QAQC) program ensures accurate results, with ongoing review and validation of assay data.

Conclusion Power Nickel's recent polymetallic discovery in Quebec's Lion Zone positions the company as a significant player in the exploration of high-grade mineral deposits. The high-grade copper, platinum, palladium, and other metals underscore the potential for developing Canada's first carbon-neutral nickel mine. As Power Nickel continues its exploration journey, investors and industry stakeholders will be keen to follow its progress and future announcements.

View original press release here: https://www.prnewswire.com/news-releases/power-nickel-delineates-new-polymetallic-discovery-302142747.html