The latest drill, which reached the mineralized zone at a depth of 118 meters, builds on the company’s previous exploration work. By incorporating insights from earlier drill holes, Power Nickel adjusted its strategy, moving further west and shallower. The result was a successful hit, sparking optimism about the future of the project. “This is very encouraging for lots of reasons: size of the zone, grade, depth of the intersection, and the move westward,” Lynch said.
Power Nickel entered the project in 2021. The Toronto-based junior plans to develop NISK, in Quebec’s James Bay region, as Canada’s first carbon neutral nickel mine by using carbon capture and hydroelectric power. Provincial and federal tax breaks cover half of exploration costs as the company works towards a feasibility study before year-end.
In addition to expanding the Lion Zone via targeted drilling, Power Nickel is also in the process of compiling…
