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 ped 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 (60) metres of the rill 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.
Wow, what a hole! Hats off to the team for identifying the outcrop and selling me on testing it. We did not go too deep, only 200 metres, as we will be conducting the Ambient Noise Tomography over this area, looking for similar signatures that we have on our main Nisk mineralized zone. It is entirely possible that the massive sulfides containing the nickel sequence are below this unit deeper in the Ultramafic. It's not unheard of for nickel deposits to have a lot of high-grade PGM's but this hole is special. Obviously, we will be following this sector up in our next round of drilling. This certainly has the potential to contribute greatly to the project's economics,' commented
This was a great surprise following up on continued good news from the exploration program. Recently we conducted an Airborne EM survey over our ped 5.5 Kilometre Ultramafic section, and preliminary data review identified several encouraging signals that will require follow-up exploration and eventually drilling in our fully funded Q3/Q4 2023 campaigns that will commence sometime around late July' Lynch advised.
About the
About
On
The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts.
Contact:
Tel: 647-448-8044
Email: terry@powernickel.com
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