In Excess of 5.4 Million Indicated Tonnes Grading 1.05 % NiEq and 1.8 Million Inferred Tonnes Grading 1.35 % NiEq

Power Nickel Releases Initial NI 43-101 Resource on Nisk Project

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Message: VIDEO - Power Nickel’s 2nd Assay Results Delivering on Potential for Developing Commercial Tonnage at Nickel Project

VIDEO - Power Nickel’s 2nd Assay Results Delivering on Potential for Developing Commercial Tonnage at Nickel Project

posted on Mar 16, 2022 04:00PM

Power Nickel (PNPN: TSX-V) (CMETF: OTCQB) is focused on high-potential battery metal prospects in Canada. The company recently completed the acquisition of its option to acquire up to 80% of the Nisk Project ( Nickel, Copper, PGE ) from Critical Elements Lithium Corp. as it transforms into a battery metals provider for the emerging EV Industry.

The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Nickel is focused on confirming what is known to be there, while also expanding the ( non 43-101 ) high-grade nickel-copper PGE mineralization historical resource.

This will be accomplished through the drill program by preparing a new Mineral Resource, substantially aided by the first results that returned 19.9 Metres of 0.7% Ni, 0.61% Cu, 0.04% Co, 0.81gPd, 0.39g Pt and add potential to "have a commercial high-grade Nickel Sulphate deposit"

Now they have delivered with a 2nd set of assays that demonstrates not only high grade Nickel, but Copper, Platinum and Palladium in encouraging quantities with an intercept of 27.4 Metres 0.94% Ni, 0.63% Cu, 0.06% Co, 0.72gPd, 0.10g Pt and 8.4 Metres of 1.45% 0.40% Cu, 0.10% Co, 1.21gPd, 0.45g Pt

Power Nickel is clearly on its way to developing a large, commercial deposit as it has demonstrated that higher grade mineralization extends by at least an additional 50 m at depth and to the southwest. Further drilling and the other targets at NISK are pointing to something special taking place at the project.

Power Nickel is not stopping here, as well as intent on identifying additional high-grade mineralization through other property targets, the company plans to develop a process to potentially produce nickel sulphates responsibly for batteries suitable for the battery supply chain, helping to develop the next generation of electric technologies.

Very few Junior Mining company achieve the level of success Terry Lynch, CEO is creating at PNPN, and he is still in the early stages of developing a high grade resource the market will have to pay attention to.

The "Nisk" Battery Metals property is a transformative asset that includes a ( Non 43-101) resource as well as multiple exploration targets that could make shareholders very happy.

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