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
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.
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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.
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Jun 23, 2026 · 03:00