# Lion Zone Delivers Second Best Intersection Ever As Power Metallic intercepts 22.00 Meters of 11.46% CuEqRec¹ in Hole 26-095 *2026-05-06T02:30:00-04:00* Lion Zone Delivers Second Best Intersection Ever As Power Metallic intercepts 22.00 Meters of 11.46% CuEqRec¹ in Hole 26-095 Canada NewsWire TORONTO, May 6, 2026/CNW/ -**Power Metallic Mines Inc**.**(the****"Company" ****or****"Power Metallic"****) **(TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide additional assays from its winter 2026 drill program. **Lion Zone MRE In-fill program** Additional drill holes continued to add and refine the high-grade Lion Zone ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release cover approximately 560 m down plunge extent from the core of the Lion Zone (PML-26-095) to central southwestern Lion area (PML-26-069) (Figure 1). These holes highlight both the robust near surface mineralization as well as returning the deepest high-grade intercept at Lion. These holes will be incorporated into future mineral resource estimates and highlight the potential for open pit development. Continued evolution and support of the modelled interpretation of the Lion Zone is evidenced by PML-26-095 which intersected the interpreted core of the Lion Zone with wide intersections of high-grade copper near surface with **22.00 m @ 11.46% CuEqRec1**including **6.50 m @ 18.59% CuEqRec1**and including **4.00 m @18.62%****CuEqRec1**(Table 1). Hole PML-26-069 tested the zone approximately 560 m south-southwest down plunge of PML-26-095 at a vertical depth of 600 m containing a moderate grade of **6.58 m @ 4.00% CuEqRec1 **including a high-grade interval of **2.82 m @ 8.26% CuEqRec1**. | **Table 1: Lion Results - Winter 2026** | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | **Hole** | **From** | **To** | **Length** | **Au** | **Ag** | **Cu** | **Pd** | **Pt** | **Ni** | **CuEq Rec*** | | **(m)** | **(m)** | **(m)** | **(g/t)** | **( g/t )** | **( %)** | **(g/t)** | **( g/t )** | **( %)** | **( %)** | | | **LION MRE** | | | | | | | | | | | | **PML-26-069** | **674.18** | **680.76** | **6.58** | **0.36** | **7.76** | **1.43** | **4.31** | **0.61** | **0.12** | **4.00** | | **Including** | **674.18** | **677.00** | **2.82** | **0.48** | **13.40** | **2.94** | **9.67** | **1.40** | **0.19** | **8.26** | | **PML-26-095** | **155.00** | **177.00** | **22.00** | **2.82** | **23.37** | **4.92** | **4.79** | **5.12** | **0.27** | **11.46** | | **Including** | **155.00** | **159.00** | **4.00** | **0.60** | **44.95** | **8.62** | **4.76** | **18.18** | **0.45** | **18.62** | | **And Including** | **160.50** | **167.00** | **6.50** | **1.15** | **42.88** | **9.41** | **11.69** | **5.98** | **0.56** | **18.59** | | **And Including** | **172.00** | **175.00** | **3.00** | **17.12** | **11.79** | **3.41** | **2.27** | **0.04** | **0.09** | **17.12** | | Note: Reported length is downhole distance; true width based on model projections is estimated as 85% of downhole length | | --- | **1****Copper Equivalent Rec Calculation (CuEqRec1) **_CuEqRec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and recovered grades based on recent locked-cycle metallurgical recoveries by SGS Canada Inc (see press release Jan 21, 2006)._ [](https://mma.prnewswire.com/media/2973489/Power_Metallic_Mines_Inc__Lion_Zone_Delivers_Second_Best_Interse.html) **Exploratory Drilling – East of Tiger** Drill holes PML-26-065, and -076, located to the east of Tiger (Figure 2), were designed to test modeled anomalies derived from the 2025 airborne VTEM survey. Both holes hit anomalous mineralization of sub-economic grades including _1 m of 0.19% Cu at 39.5-40.5 m and 1 m of 0.81 g/t Pt at 96.5-97.5m (PML-26-065). _PML-25-076 displayed Lion style assemblages of _Au-Cu-Ni-Pd-Pt from 207-233.5 m, averaging 0.1% CuEq_. [](https://mma.prnewswire.com/media/2973490/Power_Metallic_Mines_Inc__Lion_Zone_Delivers_Second_Best_Interse.html) Power Metallic is expecting more assay results from the MRE drilling and regional exploration in the weeks to come. "The Lion Zone continues to deliver high grade intersections that are more than an order of magnitude beyond the grade of the average producing copper mine. Hole PML-26-095 represents our second-best intersection to date. Results demonstrate that both grade and thickness are being maintained and, in plac