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Power Nickel Discovers High-Grade PGM Zone Near Nisk Deposit

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) has announced an exciting discovery adjacent to its main Nisk Deposit. The first drill hole in a follow-up program has encountered a mineralized zone indicative of high-grade Platinum Group Metals (PGM) including copper, platinum, palladium, gold, and silver.

Discovery of High-Grade PGM Zone

The hole intersected significant chalcopyrite stringers and veils, revealing dense mineralization. This new zone, encountered at a depth of 168.5 meters, shows potential for extensive PGM rich deposits. Power Nickel’s CEO, Terry Lynch, expressed enthusiasm about extending this high-grade zone and the implications for the Nisk Project’s value.

Exploratory Drilling and Future Plans

Kenneth Williamson, Power Nickel VP Exploration, highlighted the strategic drilling efforts aimed at both the new Copper-PGM rich zone and underlying ultramafic units for nickel. Current work supports a predictive geological model, promising for further exploration.

About Power Nickel Inc.

Since acquiring an option for the Nisk project, Power Nickel has made significant strides towards developing Canada’s first Carbon Neutral Nickel mine, with additional interests in British Columbia, Chile, and the Golden Ivan project.

Qualified Person: Kenneth Williamson, Géo, M.Sc., has reviewed and approved the technical disclosure.

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