Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for a comprehensive exploration update from their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec. We discuss recent drill results from a deep hole at the Lion Zone, pending results still at the assay lab, but also look ahead to 4 key exploration targets of interest for early 2026 drilling.
Key Highlights from the Interview:
- Exploration Strategy: A six-rig program focused on expanding the mineralized around the Lion Zone and at depth in the “elephant zone,” and also at Lion West, at the Tiger Deep Zone, and new polymetallic targets from surveys at the Hydro Fold-Hinge Zone. Additionally the team is still drilling to connect the 5.5km corridor and “Gap Area” between Lion and NISK Main.
- There are still about 15,000-20,000 meters of core being processed at the lab that should be back by late January, and then 65,000 additional meters that will be drilled throughout 2026.
- 40 Meters of 12.18% Cu (14.34% CuEqRec) included within 20.40 meters of 2.91% Cu (3.58% CuEqRec) in Hole 25-029b at Lion, and Completes the Extension of PN-24-064 “elephant hole” to define large BoreHole EM anomaly at depth. Terry points out that the exploration team is more animated by the follow up hole here after collecting more electro-magnet information from this most recent hole.
- Resource Growth Path: Early-stage modeling efforts are enabling analysts and investors to build their own interpretations of scale, while metallurgical studies are underway with results set to release in early Q1 to confirm high recovery rates.
- Acquisition of Li-FT Power land: Back on July 14, 2025 the Company announced that it closed a definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF). The claims adjoin the Company’s 45.86km² Nisk property, where exploration is expanding the high–grade Lion Cu–PGE discovery and the Nisk Copper-Nickel-Platinum-Palladium-Gold-Cobalt deposit. Terry explains how there are 8 very high priority drill targets that the exploration team is following up on across this newly acquired land.
- Phase 1 Metallurgical Testing of Lion Deposit: On Oct. 16th, Power Metallic announced that preliminary metallurgical studies are underway being performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON. Work to date has shown that the copper mineralization is contained within coarse grained chalcopyrite and cubanite, both which should respond well to conventional sulphide concentration methods. Overall, the character of the mineralization suggests good recoveries of copper sulphides, and these initial metallurgical tests will determine the recovery potential of the PGEs, Au, Ag, and Ni., which are expected to report within a conventional sulphide concentrate.
If you have any questions for Terry regarding Power Metallic Mines, then please email them into me at Shad@kereport.com.
* In full disclosure, Shad is a shareholder of Power Metallic Mines at the time of this recording, and may choose to buy or sell shares at any time.
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