Power Nickel Caps Off Impressive Lion Zone Winter Drilling Program with CuEq Results of Holes 50 and 60 Ranging from 1.23% to 7.36%

Core Insights - Power Nickel Inc. has reported significant high-grade multi-element assay results from its 2024 winter drill program, indicating a substantial expansion of the Lion Zone mineralization by over 90% compared to previous estimates [1][5][6] Drilling Program Results - The 2024 winter drilling program consisted of 15 successful holes at the Lion Discovery, with notable results from holes PN-24-050 and PN-24-060 [3][5] - Hole PN-24-060 returned 10.39 meters of mineralization with grades including 0.19 g/t Au, 14.17 g/t Ag, 2.12% Cu, and 2.08 g/t Pd, while hole PN-24-050 returned 5.45 meters with grades including 0.13 g/t Au and 0.61% Cu [2][3] Mineralization Expansion - The Lion Zone has increased in size to approximately 300 meters deep and 225 meters wide, with a reported increase of over 94% in size from earlier dimensions [5] - The core of the mineralized zone is described as having a diameter of 100-150 meters, surrounded by halos of mineralized stringers extending about 50 meters on each side [1][5] Future Exploration Plans - The summer drilling program will focus on exploring the depth and lateral continuity of the mineralization to the west of the current known zone, with assays expected to be reported by late September [5][6] - The company aims to further grow the Lion Zone and assess its potential as a "world-class" nickel deposit [6] Company Overview - Power Nickel is a Canadian junior exploration company focused on developing the Nisk project into Canada's first Carbon Neutral Nickel mine, with significant land holdings and high-grade intercepts [12]