Power Metallic Mines unearths more ‘Lion style’ mineralization
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) told investors it has drilled into fresh “Lion style” sulphides on both sides of its Lion Zone after structural work identified an easterly-plunging trend it says appears to host the highest-grade mineralisation.
The first test hole, PML-26-054, intersected 5 metres of Lion-style mineralisation with visible copper in narrow massive lenses alongside disseminated and stringer chalcopyrite.
With that trend now interpreted to extend beyond the zone’s prior limits, a second hole, PML-26-067, was drilled on Lion’s western edge and cut 1 metre of massive copper sulphides plus 3.3 metres of disseminated copper mineralisation at about 50 metres vertical depth.
Management said the structural trend lines up with mineralisation intersected 350 metres east of Lion in hole PML-25-021, which it believes supports potential for hundreds of metres of strike along the plunge direction.
Joe Campbell, VP of Exploration, said: “The verification of this plunge trend, while expanding the Lion target area, also is acting as a vector direction towards a potential large Ni-Cu deposit that is the source for the mobilized copper mineralization, giving the geologists a new focus for this long-term exploration target”.
Separately, drilling at Lion West returned a narrow massive nickeliferous sulphide interval in hole PML-25-040 grading 2.42% Ni, 1.83 g/t Pd and 0.11% Cu, while regional work across the enlarged ~330 km² land package also flagged a high-grade gold hit of 34.6 g/t Au over 1.5 metres in hole PMX-25-016, with follow-up work and additional assays pending.
