Power Nickel eyes polymetallic resource expansion at Nisk’s Lion Zone in 2025

Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) is entering 2025 with a focused strategy to expand the polymetallic resource at its flagship Nisk project in Quebec. 

The discovery of the Lion Zone, located 5.5 kilometers from the Nisk Main Zone, last year transformed the company’s understanding of what the project has to offer. 

“We reeled off 16 holes in about four months and all of a sudden we had a major discovery which became the Lion Zone,” CEO Terry Lynch told Proactive. 

“That really transformed our understanding of what we had a Nisk. It went from being a nickel sulfide project to effectively a polymetallic project which is probably going to be equal parts nickel, copper, and noble metals.”

Drilling the Lion Zone

The company’s focus heading into 2025 is drilling at the Lion Zone, implementing exploration techniques that brought it success during 2024.

Lynch highlighted the involvement of Dr Steve Beresford, a highly experienced geologist with a background in polymetallic exploration, in the company’s exploration efforts.

“Being able to tap into somebody who’s spent a lot of money and had a lot of success in different ore bodies is really vital for successful exploration,” Lynch said.

Beresford joined Power Nickel as a Special Advisor back in May. Under his guidance, the company implemented advanced exploration techniques, including gravity surveys, downhole electromagnetic (EM) methods, and ambient noise tomography.

These techniques have helped Power Nickel to gain a better understanding of the geology of the Lion Zone and other areas at Nisk, providing critical data to guide future drilling activities.

“We’ll be using the same techniques that have made us successful in 2024 in 2025 and adding more rigs and team members to execute our plan,” Lynch said.

The company will continue drilling over the winter at the Lion Zone to the west of the established 550 meters of strike length with 150-meter step outs.

Lynch has high expectations for the 30,000-meter program.

“The first 10,000 meters have proved up about 5 million tons at 6% to 7% copper equivalent. We’re drilling 30,000 meters. Would it be unrealistic for us to double or triple that number by the end of April? I don’t think so,” he said.

In addition to drilling at the Lion Zone, Power Nickel also plans to drill the Nisk Main Zone and to explore its theory that these two zones are linked subsurface by defining connector zones.

“It’s interesting how these orebodies twist and turn and we’ve got some theories to test there,” Lynch said. “It may be that the copper zone is underneath the nickel zone headline at Nisk Main. So we’ll be testing that.”

The CEO noted that the company is well-capitalized heading into the New Year, having raised $20 million in a flow-through offering.

Power Nickel is also expected to provide an update during the first quarter on its program with metal refining technology provider CVMR, which was initiated in August of 2023.

The partnership with CVMR focuses on conducting engineering studies and piloting scalable production methods to evaluate the feasibility of developing the Nisk project.

“2025 will be a lot like 2025 as we focus on drilling up the Lion Zone. We’ve just scratched the surface on this beast and we think it’s going to be a very big, world-class discovery,” Lynch concluded.