Power Nickel (TSXV: PNPN; US-OTC: PNPNF) is drilling down into its recently discovered Lion target, the “crown jewel” of its flagship Nisk polymetallic project in Quebec, as it powers towards a feasibility study in the third quarter.
“The project most closely resembles Norilsk,” says CEO Terry Lynch, citing the giant nickel-copper mine in Siberia. “It’s got 12 paying minerals. It’s a polymetallic deposit when nickel is the core but other metals in the ground are equal or of even more value than nickel. I suspect that’s what’s going to happen at Nisk.”
Benefitting from strong infrastructure in the James Bay region and cooperation with the Cree Nation, Lynch said Power Nickel plans another 8,000 metres of drilling in its next program at Nisk, and then 10,000 to 15,000 metres in the fall.
Lynch spoke with Henry Lazenby, western editor of The Northern Miner, at the Energy Transition Metals Summit in Washington, D.C., in April.
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