Power Metallic Intercepts 20.40 Meters of 4.11% CuEqRec in Hole 25-046, and 8.60 Meters of 6.84% CuEqRec in Hole 25-045 at Lion
High-Grade Continuity and Robust Metallurgy De-Risk the Lion Zone Ahead of Critical Resource Milestone.
The most recent news (February 18, 2026) reports significant drilling results from the Lion Zone at the Nisk Project in Quebec. Key intercepts include 20.40 meters of 4.11% Copper Equivalent Recovered (CuEqRec) in Hole 25-046 and 8.60 meters of 6.84% CuEqRec in Hole 25-045. These holes were part of an in-fill drilling program designed to support an upcoming Mineral Resource Estimate (MRE). The CEO highlighted the "continuity and growth" of the high-grade core and emphasized that these results, combined with recent metallurgical data showing 98.9% copper recovery, position the company for an aggressive exploration year in 2026.
This release is material and positive as it provides the specific data points needed to validate the "high-grade core" theory of the Lion Zone. - Resource Confidence: In-fill results showing widths over 20 meters at 4%+ CuEqRec are exceptional for a Canadian exploration project. This significantly increases the probability that the forthcoming MRE will contain a high-value, mineable core. - Valuation Support: The use of "Recovered" grades (CuEqRec) is a critical shift. By integrating the high metallurgical recovery rates (98.9% Cu, 96.8% Pt) reported in January 2026 directly into the drill results, the company is presenting a more realistic economic picture that analysts can use for Net Present Value (NPV) modeling. - Exploration Momentum: The company confirmed it expects the balance of fall drill holes within February 2026, maintaining a steady news flow.
Power Metallic Mines Inc. (formerly Power Nickel) is focused on the Nisk Project near Nemaska, Quebec. Originally a nickel-focused play, the discovery of the "Lion Zone" in 2024 shifted the company’s focus toward a polymetallic model (Copper, Platinum, Palladium, Gold, Silver, and Nickel). The Nisk property benefits from exceptional infrastructure, including a Hydro Quebec substation and road access. The company also holds exploration licenses in Saudi Arabia (Jabal Baudan) and a portfolio of Chilean assets which were slated for spin-out.