Shares in Power Nickel have soared nearly 60% since it reported the first Lion drill results on April 15. They were up 4% on Wednesday to C41¢ apiece, valuing the company at C$65.6 million ($47.8m).
“We have a real sentiment of having found a large prolific area hosting different styles of multi-elements mineralization, each being a smaller part of a much larger system,” Lynch said. “We look forward to ramping up our efforts throughout ’24 and ’25 as we seek to bring these targets to a production decision.”
Drill hole PN-24-047 cut 14.4 metres grading of 0.59 gram gold per tonne, 69.14 grams silver, 8.17% copper, 6.25 grams palladium, 8.44 grams platinum and 0.58% nickel, the company said.
The hole included 4.7 metres at 0.85 gram gold, 91 grams silver, 11.66% copper, 8.42 grams palladium, 6.69 grams platinum, and 0.46% nickel; and 3 metres at 0.95 gram gold, 167.46 grams silver, 17.33% copper, 13.04 grams palladium,…
