Power Metallic Hits High-Grade Copper Intercepts at Lion Zone
Event summary
- Power Metallic intercepted 27.10 meters of 2.17% CuEqRec, including 4.76 meters of 10.43% CuEqRec in Hole 26-050 at Lion Zone.
- Winter 2026 drill campaign confirmed the eastern edge of the high-grade copper shoot.
- Exploratory drilling defined the eastern boundary of the Lion Zone, with low-grade mineralization encountered.
- Hole PML-25-021x intersected 6 meters of 0.78 g/t Au, including 1.5 meters of 2.56 g/t Au at the Elephant Target.
The big picture
Power Metallic's latest drill results at the Lion Zone reinforce the high-grade potential of the Nisk Project Area, a critical step in advancing the site toward Canada's next polymetallic mine. The company's strategic focus on defining near-surface mineralization aligns with the broader industry trend of prioritizing early-stage, open-pit amenable deposits to reduce development timelines and capital expenditures. The upcoming MRE and Preliminary Economic Assessment (PEA) will be key milestones in assessing the project's viability and attracting potential investors or partners.
What we're watching
- Resource Expansion
- Whether the upcoming Mineral Resource Estimate (MRE) will support an Indicated Resource classification for the Lion Zone.
- Open Pit Potential
- The pace at which near-surface mineralization at the Lion Zone could be developed for early open pit extraction.
- Exploration Success
- How further drilling at the Elephant Target will validate the gold structure and its potential for additional high-grade intersections.
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