Copper Equivalent Rec Calculation
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Power Metallic Intercepts 4.40 Meters of 12.18% Cu (14.34% CuEqRec) included within 20.40 Meters of 2.91% Cu (3.58% CuEqRec) in Hole 25-029b at Lion, and Completes the Extension of PN-24-064 to define
Insider Monkey· 2025-12-05 14:06
Core Viewpoint - Power Metallic Mines Inc. has released positive assay results from its summer drilling program, indicating significant mineralization extensions in the Lion Zone and outlining future exploration objectives for the upcoming winter and fall [2][7]. Drilling Results - The summer drilling program successfully defined mineralization extending down-plunge in the Lion Zone, with notable high-grade intersections reported, including 4.40m at 14.34% CuEqRec1 in hole PML-25-029b and 1.59m at 27.92% CuEqRec1 in hole PML-25-025 [4][6]. - Additional intersections included 2.65m at 17.79% CuEqRec1 in hole PML-25-031, confirming the grade and increasing the size of the interpreted high-grade lodes in the Lion zone [4][5]. Nisk East Drilling - Drilling at the Nisk East target revealed modest intersections of Ni-Cu-Pd mineralization, including 4.00m of 2.34% CuEqRec1 in hole PMN-25-005, with ongoing reassessment of the area following recent land acquisitions [9]. Future Exploration Plans - The company plans to target three strategic areas for further exploration, including the promising Tiger Deep anomaly and the Hydro Lands, with drilling expected to commence in 2026 [7][8]. - The exploration team is optimistic about the potential for new discoveries and is well-funded for the 2025-2026 work programs, with plans to list on the NYSE to access deeper U.S. capital markets [8][27]. Land Acquisition and Project Expansion - Following the acquisition of 313 adjoining claims in June 2025, Power Metallic now controls approximately 212.86 km² of land, enhancing its exploration capabilities in the Nisk Project Area [28][29]. - The company is also exploring additional land packages in British Columbia and Chile, further diversifying its mineral exploration portfolio [29][30].