Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Power Metallic drills 17.45 m of 9.47% CuEqRec at Nisk

Power Metallic Infill Drilling Confirms High-Grade Lion Zone Ahead of Q3 Resource Estimate

By The Northwire Desk — AI Analysis May 04, 2026 · 10:58 PNPN · 1.17 Power Metallic Mines Inc.
Executive Summary
  • Power Metallic Mines Inc. released assay results from its winter 2026 drill program at the Lion zone, part of the Nisk project area in Quebec.
  • Significant copper-equivalent intercepts were identified including 17.45 metres at 9.47% CuEqRec and 39 metres at 5.66% CuEqRec.
  • The infill drilling program is designed to support a 2026 Mineral Resource Estimate (MRE) for the Lion zone, potentially targeting open-pit exploitation.
  • Hole PML-26-094 intersected 17.45 metres at 9.47% CuEqRec, including a high-grade interval of 6.30 metres at 17.91% CuEqRec.
  • Hole PML-26-101 intersected 39.00 metres at 5.66% CuEqRec, including an interval of 9.20 metres at 15.18% CuEqRec.
  • The company expects further assay results from MRE drilling and regional exploration in the coming days and weeks; a positive Mineral Resource Estimate is anticipated in the third quarter of this year.
Material Impact
  • The news confirms continued high-grade mineralization within the known Lion Zone, consistent with previous infill programs announced in early 2026.
  • While the grades are impressive (9.47% CuEqRec), they fall within the range of previously reported intercepts for this specific zone (e.g., March 2026 results showed >15% CuEqRec).
  • The release does not announce a new discovery outside the known zone but rather supports the existing resource definition timeline (Q3 2026 MRE).
  • Given that the infill program and MRE timeline were already public knowledge from prior releases, this news is expected by the market.
  • The metallurgical recoveries reported in January 2026 (98.9% Cu) remain a key value driver, but this specific drilling update does not alter those fundamentals.
  • Classification as Routine - Positive reflects that while positive for project confidence, it lacks the surprise element required for Material status at this stage of development.
PNPN · Price
Company Overview
  • Company Name: Power Metallic Mines Inc.
  • Flagship Project: Nisk Nickel Sulfide Project (Lion Zone), Quebec, Canada.
  • Project Type: Polymetallic discovery targeting Copper, Palladium, Platinum, Gold, Silver, and Nickel.
  • Status: Exploration/Development phase; infill drilling ongoing to support MRE.
  • Land Package: Approximately 313 km² total land control following acquisitions from Li-FT Power Ltd.
  • Metallurgy: Preliminary test results show exceptionally high recoveries (98.9% Cu, 93.9% Pd) suitable for conventional sulphide flotation.
Read the original news release →

More from Power Metallic Mines Inc.

Oct 05, 2026 · 03:00

Power Metallic’s Nisk PEA highlights high-grade Lion zone results, advancing the deposit toward a bankable feasibility study.

Technical Study Sep 22, 2026 · 03:00

Power Metallic confirmed a 25% deeper intercept at 14% CuEq, highlighting grade rather than tonnage in its latest drilling results.

Drill Results Sep 08, 2026 · 03:00

Power Metallic’s maiden Lion MRE defines 4.75Mt at high CuEq grades, though deep drilling is required to prove the deposit’s full scale.

Resource Estimate Jul 30, 2026 · 03:00

Power Metallic delays its mineral resource estimate to late August while five rigs continue drilling at its project.

Production / Operations Jul 15, 2026 · 03:00

Power Metallic’s final Lion Zone infill assays confirm grade continuity ahead of the maiden MRE, including 36m at 2.83% CuEqRec.

Drill Results Jun 23, 2026 · 03:00

Power Metallic reports New Lion drill intercepts of 13.30 Meters of 3.98% CuEqRec Superscript 1 in Hole 26-115 and 5.26 Meters of 8.45% CuEqRec Superscript 1 in Hole 26-105 at Lion

Drill Results