Power Nickel Unveils High-Grade Copper Hits in Lion Zone: A Closer Look at the Nisk Project Expansion | ASX 200 Mining Update

May 01, 2025 04:24 PM AEST | By Team Kalkine Media
 Power Nickel Unveils High-Grade Copper Hits in Lion Zone: A Closer Look at the Nisk Project Expansion | ASX 200 Mining Update
Image source: Shutterstock

Highlights

  • Power Nickel expands mineralisation at Lion Zone in Québec
  • High-grade copper and precious metals discovered in winter drilling
  • Nisk Project shows potential for significant polymetallic deposit

Power Nickel (TSX-V:PNPN) has reported promising results from its 2025 winter drilling campaign at the Nisk Project in Québec, Canada, significantly expanding the mineralised footprint of the Lion Zone. This development enhances the project's prospectivity and underscores the broader potential of this 20-kilometre long polymetallic corridor.

The company undertook drilling across multiple targets, including Lion, Nisk, Nisk East, and Tiger zones. These targets span more than 8 kilometres of favourable geological structures. The core focus was on extending mineralisation at depth and investigating a notable off-hole electromagnetic anomaly discovered in previous drilling.

Five newly returned holes have successfully intersected “Lion-style” polymetallic mineralisation, with assays highlighting a robust mix of copper, gold, silver, nickel, and palladium. Notably, drillhole PN-25-096 yielded an intercept of 1.95 metres grading 13.54 grams per tonne (g/t) gold, 236.6g/t silver, 1.08% copper, 0.21% nickel, and 0.21g/t palladium—an exceptional high-grade multi-metal section within the ultramafic layered intrusion.

Drillholes PN-25-100 and PML-25-001 and 002 targeted the deeper eastern plunge of the Lion Zone. These intersections returned narrower but significantly higher-grade copper-rich massive sulphide zones, with grades reaching up to 29.3% copper in PML-25-002. The presence of such grades hints at a shift in the mineral character of the Lion Zone at depth, pointing to the potential proximity of a large-scale nickel-copper sulphide deposit—similar to those found in globally recognised polymetallic regions.

This project expansion and consistent drilling success come at a time when interest in battery and green-energy metals remains elevated. The results from the winter program strengthen the case for further resource development and geological modelling at depth.

For investors monitoring developments in resource-rich regions or evaluating exposure through the S&P/ASX 200 resources sector, these advancements at the Nisk Project could offer valuable context. While Power Nickel is listed on the TSX Venture Exchange, such developments often influence related exploration and mining sentiment globally, including among ASX dividend stocks in the materials and mining sector.

The Nisk Project continues to emerge as a strategic asset in North America, with growing mineralised zones and increasingly higher-grade discoveries positioning it as a potential future hub for polymetallic production.


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