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Power Metallic intercepts 12.54 meters of 10.99% CuEq at the Lion Zone and 11.25m of 1.22% CuEq at Nisk East - First Lion Like Mineralization Intercepted near the Nisk Zone

Core Insights - The recent drilling results from the Lion Zone indicate significant polymetallic mineralization, suggesting a potential westward shift in the high-grade portion of the zone [2][6] - The upcoming spring/summer drill campaign will focus on expanding the Lion Zone and exploring the strike extensions of favorable stratigraphy from both the Lion and Nisk zones [13][15] Lion Zone Drill Results - Nine holes were drilled to assess the deeper plunge extent and internal in-fill drilling of the Lion Zone, with notable results from holes PML-25-005 and PML-25-012a showing high-grade intersections [1][2] - Hole PML-25-012a reported 3.10 g/t Au, 25.52 g/t Ag, 4.09% Cu, 12.06 g/t Pd, and 2.00 g/t Pt over 12.54 meters, indicating a strong mineralization potential [2][8] - Shallow drilling in holes PML-25-006 through 009a encountered low-grade mineralization, failing to intersect high-grade zones found in deeper holes [4][5] Nisk East Drill Results - Drilling at Nisk East revealed that hole PMN-25-004 intersected Lion-style mineralization, while PMN-25-003 did not yield significant results [7][10] - The discovery of mineralization in Nisk East supports exploration concepts along the untested target strike length between the Nisk and Lion zones [7] Upcoming Drilling Campaign - The spring/summer drilling campaign is set to commence on June 6, with plans to expand to six drills by the end of June [12][13] - The campaign will include extensive mapping, prospecting, and airborne EM surveying over prospective target areas [15] Company Overview - Power Metallic is focused on developing the high-grade Nickel Copper PGM, Gold, and Silver Nisk project into a significant polymetallic mine in Canada [18][19] - The company has a large land position with numerous high-grade intercepts and aims to evaluate the initial Nisk and Lion discovery zones through a series of drill programs [19]