09:42 AM EST - Power Nickel Inc. : Announced the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit. The target area was never previously drilled and was identified as "Wildcat." It is characterized by a strong magnetic anomaly from an ultramafic unit previously mapped in the surface outcrop. Ultramafic rocks consistent with the main Nisk deposit were intersected in hole PN-23-031A, but the high-grade mineralization is hosted in amphibolite and tonalite, which lie on top of the ultramafic sequence. Hole PN-23-031A intersected multiple chalcopyrite stringers and veinlets almost continuously in the first sixty metres of the drill hole. The thickness and density of these stringers increased from 60.50 to 68.25 m down the hole. The main mineralization is characterized by a high density of chalcopyrite veinlets with local massive chalcopyrite. The veins are greatly enriched in platinum and palladium with significant accessory gold and silver. The samples are rich in platinum, and palladium will be re-analyzed to include the complete Platinum Group Elements (PGE), such as osmium, iridium, rhodium, and ruthenium. Power Nickel Inc.
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