Power Metallic Mines Inc. (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) has reported final drill assay results from its winter program at the Lion Zone within the Nisk polymetallic project in Québec. The results include significant high-grade near-surface copper mineralization, which is expected to underpin the company's initial NI 43-101 mineral resource estimate. According to reporting by Emily Jarvie of Proactive, highlights from the assays include 36.42 meters grading 2.83% copper equivalent, including 6 meters grading 12.38% copper equivalent. The infill drilling program has increased confidence in the geological model ahead of resource modeling.
The company expects to complete and report initial mineral resource estimates for the Lion and Nisk deposits by the end of July, providing the foundation for a preliminary economic assessment. These estimates are critical steps in advancing the Nisk Project Area toward development. Separately, shareholders approved all resolutions at the company's annual meeting, including an amendment intended to align governance requirements with a potential future U.S. national stock exchange listing.
Power Metallic Mines is a Canadian exploration company focused on advancing the Nisk Project Area, which includes the Nisk, Lion, and Tiger zones—a high-grade copper-PGE, nickel, gold, and silver system. The company controls approximately 330 km² of land, including roughly 50 km of prospective basin margins, after acquiring 313 adjoining claims from Li-FT Power in June 2025. The company is expanding mineralization at the Nisk and Lion zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.
Beyond the Nisk Project Area, Power Metallic indirectly holds interests in significant land packages in British Columbia and Chile through its 50% share ownership in Chilean Metals Inc. It also owns 100% of Power Metallic Arabia, which holds a 100% interest in the Jabul Baudan exploration license in Saudi Arabia's Jabal Said Belt, a region known for its high prospectivity for copper, gold, and zinc mineralization.
The company's progress on the Nisk project and potential U.S. listing underscore its commitment to becoming a significant player in the polymetallic mining sector. For more information, visit the company's website at https://www.powermetallic.com/.
