Northwire Canada EditionThursday, July 16, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Routine +

Power Metallic Intercepts 27.10 Meters of 2.17% CuEqRec Superscript 1, including 4.76 Meters of 10.43% CuEqRec Superscript 1 in Hole 26-050 at Lion

Lion Zone Infill Confirms Grade Continuity Ahead of 2026 MRE

By The Northwire Desk — AI Analysis Apr 15, 2026 · 07:00 PNPN · 1.3 Power Metallic Mines Inc.
Executive Summary
  • Power Metallic Mines Inc. released assay results from its Winter 2026 drill campaign on April 15, 2026.
  • The program focused on infill drilling at the Lion Zone to define the eastern side in preparation for a 2026 Mineral Resource Estimate (MRE).
  • Key intercepts include Hole PML-26-050 with 27.10m @ 2.17% CuEqRec, including 4.76m @ 10.43% CuEqRec.
  • Additional holes (PML-26-051 to 055) returned grades ranging from 1.45% to 2.88% CuEqRec with high-grade sub-intervals up to 5.94%.
  • Exploratory drilling east and west of Lion defined boundaries, encountering low-grade mineralization or ultramafic units without significant sulphides in some holes.
  • Elephant Target returned gold structure (6m @ 0.78 g/t Au).
  • CEO Terry Lynch stated results are "as or better than expected" and support the upcoming MRE and Preliminary Economic Assessment (PEA).
Material Impact
  • Consistency with Expectations: The results align with previous high-grade announcements from March 2026 (e.g., Hole 25-049 returned 15.11% CuEqRec), confirming grade continuity rather than introducing a new discovery tier.
  • MRE Preparation: This news is primarily operational validation for the upcoming MRE, which was anticipated by the market given the infill program timeline announced in prior releases.
  • Grade Variability: While positive, the average grades (2-3% CuEqRec) are lower than the peak intercepts seen in March 2026 (15%+), suggesting variability within the zone but not diminishing overall potential.
  • Metallurgical Context: The drilling supports the exceptional metallurgical recoveries reported in January/February 2026 (98.9% Cu recovery), which remain the primary value driver for valuation models.
  • Market Reaction: Likely viewed as a confirmation step rather than a catalyst, as the high-grade nature was already priced into recent sentiment following the Ellis Martin interview and March results.
PNPN · Price
Company Overview
  • Company: Power Metallic Mines Inc. (TSX.V: PNPN | OTC: PNPNF).
  • Flagship Project: Nisk Nickel Sulfide Project, Quebec, Canada.
  • Key Zone: Lion Zone, identified as a high-grade polymetallic discovery (Cu, PGEs, Au, Ag, Ni).
  • Land Package: Expanded to ~213 km² following Li-FT acquisition in 2025; total project area includes Hydro Lands and Tiger targets.
  • Strategy: Develop world-class critical mineral deposits leveraging Quebec's low-cost hydropower and tax credits.
  • Status: Exploration/Development phase, moving toward Resource Estimate and Economic Assessment.
Read the original news release →

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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.

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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

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