Power Metallic Mines Inc. press release
MiningNewsBreaks - Power Metallic Mines Inc. (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) Reports Final Lion Zone Assays Ahead of Initial Resource Estimate
TSXV - TSX Venture Exchange · Nickel · Copper · Cobalt · Platinum · Palladium · Gold · Silver · Canada · Drill Results
MiningNewsBreaks – Power Metallic Mines Inc. (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) Reports Final Lion Zone Assays Ahead of Initial Resource Estimate
2026-07-16 13:19:44 ET
This article has been disseminated on behalf of Power Metallic Mines Inc. and may include paid advertising.
Power Metallic Mines (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) reported final drill assay results from the winter program at the Lion Zone within its Nisk polymetallic project in Québec, with high-grade near-surface copper mineralization expected to support the company’s initial NI 43-101 mineral resource estimate. Highlights included 36.42 meters grading 2.83% copper equivalent, including 6 meters grading 12.38% copper equivalent, as infill drilling increased confidence in the geological model ahead of resource modeling, according to reporting by Emily Jarvie of Proactive .
The company expects to complete and report initial mineral resource estimates for the Lion and Nisk deposits by the end of July, providing the foundation for a preliminary economic assessment. Separately, shareholders approved all resolutions at the company’s annual meeting, including an amendment intended to align governance requirements with a potential future U.S. national stock exchange listing.
To view the full article, visit https://ibn.fm/aAZ0J
About Power Metallic Mines Inc.
Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada’s next polymetallic mine.
On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~330 km² and roughly 50 km of prospective basin margins.
Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.
Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025.
It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia’s Jabal Said Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.
For more information, please visit our website at https://www.powermetallic.com/
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire Austin, Texas www.MiningNewsWire.com 512.354.7000 Office Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
Earlier from Power Metallic Mines Inc.
- Power Metallic reports New Lion drill intercepts of 36.42 Meters of 2.83% CuEqRec1 in Hole 26-116 including 6.00 Meters of 12.38% CuEqRec1 and Announces AGSM Meeting Results
- Power Metallic Announces Appointment of Christopher Beal as Vice President of Operations
- Power Metallic reports New Lion drill intercepts of 13.30 Meters of 3.98% CuEqRec¹ in Hole 26-115 and 5.26 Meters of 8.45% CuEqRec¹ in Hole 26-105 at Lion
More drill results releases
- Copper One Completes First Hole of 10,000-Foot Phase 2 Drill Program, Intersecting Visually Identified Native Copper in MHB-39 at Flagship Majuba Hill Project, Nevada Copper One Resources Corp. (CEXY.CN),
- MiningNewsBreaks - REV Exploration Corp. (TSX.V: REVX) (OTCID: REVFF) Identifies Elevated Helium Concentrations at Aden Dome, Holds Stake in MAX Power Mining (CSE: MAXX) (OTC: MAXXF) REV Exploration Corp. (REVX.V),
- MiningNewsBreaks - REV Exploration Corp. (TSX.V: REVX) (OTCID: REVFF) Identifies Elevated Helium Concentrations at Aden Dome, Holds Stake in MAX Power Mining (CSE: MAXX) (OTC: MAXXF) Max Power Mining Corp. (MAXX.CN),