Power Nickel Inc is a mining firm that is engaged in exploration and development operations.
The company engages in acquiring, developing, and exploring mineral properties such as iron, copper, gold and other minerals in Chile and British Columbia.
Headquartered in Toronto, the firm was founded in 1987. Formerly the company was known as International PBX Ventures Ltd and in February 2014 it rebranded itself and changed its name to Chilean Metals Inc.
Power Nickel Inc explores various properties, including Zulema property, Palo Negro and Hornitos properties, Tierra de Oro property.
In 2020, the company declared an agreement to own Golden Ivan property consisting of 13 mineral claims covering approximately 797 hectares.
It is situated in the heart of the Golden Triangle in British Columbia.
It is located near Lundin Mining Corporation’s Candelaria mine in approximately 30 kilometers and covers 4,300 hectares.
Zulema Property lies in the Atacama mineral belt in Chile’s third region. Chilean holds 100 per cent interest on this property. It further claims that there are no underlying net profit interest or third-party royalties.
Zulema consists of excellent infrastructure with accessible roads, Pan-American Highway, and power grid.
Palo Negro and Hornitos
It is located in the Atacama and covers 9,000 hectares.
Power Nickel Inc holds 100 per cent interest in this property and cover Atacama Structural Zone. It consists of various high-grade copper, silver, gold and iron deposits.
Tierra de Oro
It is situated in Chile’s prolific IOCG (iron oxide-copper-gold) belt in approximately 70 kms and covers 5,600 hectares south of the Copiapo mining town in Chile’s Third area.
IOCG belt carries various copper-gold deposits, comprising Mantos Blancos, Manto Verde and the Candelaria IOCG deposit, operated by Lundin Mining Corporation.
This property is underlined by two domains: an Eastern Domain with Cu-Ag mineralization and a Western Domain with Au-Cu mineralization.
Tierra de Oro is accessible by a power grid and well-established gravel roads, the firm claims.