Terry Lynch of Power Nickel Discusses High-Grade Nickel Drill Results & Summer Exploration Plans


In this InvestorIntel interview, Chris Thompson talks with Power Nickel Inc.’s (TSXV: PNPN | OTCQB: PNPNF) CEO Terry Lynch about its latest high-grade nickel drill results that expanded the central high-grade zone at its Nisk Project in Quebec, Canada. Power Nickel reported drill results included a hole with 14.4 meters of approximately 1.5% nickel equivalent (Ni EQ) grade (1.01% nickel, 0.27% copper, 0.07% cobalt, 0.88 g/t palladium, 0.13 g/t platinum, 0.03 g/t gold), including 7.8 meters of nearly 2.5% grade Ni EQ (1.69% nickel, 0.37% copper, 0.12% cobalt, 1.59 g/t palladium, 0.22 g/t platinum, 0.04 g/t gold).

As a major nickel sulfide deposit (compared to nickel laterite deposit), Terry discusses how the Nisk project is a North American, environmentally friendly, and low-cost source of class one nickel used in lithium-ion batteries in electric vehicles. The company’s high-grade nickel sulfide deposit is considered superior to other low-grade nickel sulfide deposits in terms of capital requirements and potential returns.  

Terry also provides an update on Power Nickel’s newly discovered high-grade copper and PGM (platinum group metals) mineralized zone on their Nisk Project. Located five kilometers northeast of the main deposit and now called the “Wildcat” zone, Terry discusses the “bonanza grades” discovered at the zone with significant amounts of platinum, palladium, and gold. The company plans to explore the connection between the main deposit and the Wildcat zone through further drilling and using Ambient Noise Tomography technology, which correlates sound maps with scientific data, to identify potential targets.

Finally, he mentions that Power Nickel expects a steady flow of positive news, including upcoming assay results, airborne electromagnetic surveys, metallurgical studies, and an updated 43-101 report, all contributing to the company’s growth and value.

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV).

The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

Power Nickel announced on June 8th, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in a total of 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee), and a portion of the past-producing Silverado mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that contain quantities of silver, lead, zinc, plus/minus gold and plus/minus copper.

Power Nickel is also 100-percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit that was sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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