Power Metallic Mines expands 2026 exploration at Nisk project in Quebec
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) announced that it is expanding its summer 2026 exploration program at its polymetallic Nisk Project in Quebec, adding several geophysical surveys aimed at identifying deeper nickel, copper and platinum group element mineralization across the property.
The company said the program will include an Ambient Noise Tomography (ANT) survey at the Nisk Far West target, along with gravity and superconducting quantum magnetometer (SQUIDs) surveys over the Lion area. The surveys are intended to improve targeting for potential extensions of the Lion Zone and identify new mineralized zones across the enlarged land package acquired in 2025.
Power Metallic said field mapping and prospecting activities will begin after spring snow melt to investigate magnetic and electromagnetic targets identified in earlier exploration work. The company also plans to complete more than 30,000 metres of exploration drilling over the next two quarters of 2026, with mobilization already underway.
In addition, the company said it will carry out a regional lake sediment survey this summer. The work is expected to help identify potentially mineralized watersheds while contributing to environmental baseline studies that could support future feasibility work and mine development planning.
The SQUIDs survey, being conducted by DIAS Geophysical, is focused on identifying deep magnetic targets associated with nickel-copper mineralization around the Lion and Lion West areas. The survey began during the winter and is expected to conclude in early summer.
Meanwhile, a gravity survey covering the Lion, Nisk and Nisk West zones is being conducted by TMC Geophysique. Power Metallic said the survey is designed to detect high-density targets that may indicate the presence of massive sulphide deposits. The work expands on a 2024 gravity survey following the company’s land acquisitions in the area last year.
The ANT survey will target the Nisk Far West area, where the company identified a copper soil anomaly near interpreted ultramafic rocks believed to be associated with the Nisk and Lion deposits. Earlier this year, Power Metallic completed a reverse circulation overburden drilling program in the area, with assay results still pending, and said one diamond drill hole intersected ultramafic rocks.
The ANT survey will be carried out by Caur Technologies, with support from Geosig Inc., using 200 sensors across a 14-kilometre by 3-kilometre grid. Power Metallic said the survey is expected to generate a three-dimensional model of ultramafic host rocks that could contain copper, platinum group element and nickel-copper mineralization, with priority targets slated for follow-up drilling.
