Post by
Margin321 on Sep 25, 2024 12:28am
Lots going on at Power Nickel
Terry Lynch did whole series of interviews in last week. Lion Zone (the polymetallic jewel box) has had 50% increase in size from summer drilling program. 11/13 cores hit high grade mineralization. Still open to depth and have a better sense of direction. Many upcoming catalysts. 1. actual drill results starting end of September and continuing as data on the eleven 2024 summer cores are released sequentially. 2. CVMR assessment of Nisk main nickel zone and possibilities for developing nickel powder project together - by end of September. 3. Spin off of BC and Chile projects by end of October. 4. Results of robust geophysics program and details of winter drilling program by end of October. Meanwhile they are cashed up to do 30,000 feet of drilling between end of October and end of April 2025. Program being directed by Steve Beresford, polymetallic guru. Will do thorough assessment of project to define Lion fully, look for more high grade shoots, and see if Lion connects at depth to Nisk main nickel sulfide ore body. No need for money and have many catalysts - very good position for stock to advance. No financial overhang. Great interest and many conversations with potential investors and with industry. I am continuing to add Power Nickel shares, one can still buy at near price that Rob McEwen and Robert Freidland and others paid for shares in the $20 million fund raise early in summer. The results from first 15 holes at Lion are pretty staggering and the results from the 11 holes from summer will get lots of attention if they are equally mind boggling. Discoveries like this are not common. Actually pretty rare. From what I can tell anyway. The last blitz of interviews is promotional, but they have something very worthy of promotion, again in my opinion. Agree totally with wheeler on that assessment.
Comment by
Margin321 on Sep 25, 2024 12:09pm
The winter drilling program is 30,000 meters not feet. Really a large program. Only US, Liberia, and Myanmar do not use metric system. So we tend to get confused and make mistakes.