Northwire Canada EditionSaturday, November 7, 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

Lion Zone Delivers Second Best Intersection Ever As Power Metallic intercepts 22.00 Meters of 11.46% CuEqRec Superscript 1 in Hole 26-095

Lion Zone Infill Confirms Grade Continuity Ahead of Q3 MRE

By The Northwire Desk — AI Analysis May 06, 2026 · 02:30 PNPN · 1.29 Power Metallic Mines Inc.
Executive Summary
  • Power Metallic Mines Inc. released assay results from Hole PML-26-095 at the Lion Zone on May 6, 2026.
  • The hole intersected 22.00 meters at 11.46% CuEqRec, described as the second-best intersection to date.
  • Sub-intervals within the hole reached up to 18.62% CuEqRec over 4.00 meters and 18.59% CuEqRec over 6.50 meters.
  • The drilling is part of an infill program designed to support the inaugural Mineral Resource Estimate (MRE) expected in Q3 2026.
  • CEO Terry Lynch stated that grade and thickness are being maintained or increasing as they advance toward the MRE.
  • Additional holes PML-26-094 and PML-26-101 released on May 4, 2026, showed similar high-grade results (up to 17.45m @ 9.47% CuEqRec).
Material Impact
  • The news is consistent with the trajectory of drilling results from Q1 and Q2 2026, which have already established the Lion Zone as a world-class high-grade discovery.
  • While the grades are exceptional (11.46% CuEqRec), this is infill drilling for an MRE that was previously announced for Q3 2026; therefore, the market likely anticipated these results.
  • The "Second Best Intersection" designation confirms continuity but does not represent a new discovery vector or expansion of the resource footprint beyond what was already modeled in previous holes.
  • Given the consistent stream of high-grade infill results since March 2026 (rated Material - Positive previously), this release is viewed as execution of an expected plan rather than a surprise catalyst.
  • The metallurgical recoveries reported in January 2026 (98.9% Cu) remain the primary value driver, and these drilling results support that narrative without adding new financial variables.
PNPN · Price
Company Overview
  • Company: Power Metallic Mines Inc. (TSX.V: PNPN | OTC: PNPNF).
  • Flagship Project: Nisk Nickel Sulfide Project in Quebec, Canada.
  • Key Asset: Lion Zone, a polymetallic discovery containing Copper, Palladium, Platinum, Gold, Silver, and Nickel.
  • Land Package: Approximately 213 km² controlled following the Li-FT Power acquisition in July 2025.
  • Status: Exploration/Development phase; infill drilling ongoing ahead of MRE.
  • Metallurgy: Preliminary results show exceptional recoveries (98.9% Cu, 96.8% Pt) 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