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Resource Estimate due soon for Power Nickel’s Ni-Cu-Co-PGE Nisk Project

The search for battery metals in safe locations continues as companies see the tremendous demand curve ahead for these metals to supply the electric vehicle (EV) boom.


Today’s company is Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), focused on their Canadian NISK project which contains nickel (Ni), copper (Cu), cobalt (Co), and some platinum group elements (PGE). They also have investments that give exposure to gold and copper projects in Canada and Chile, as well as a royalty agreement. Their projects and interests include the following:


Ÿ NISK nickel sulphide Project. Two tenements blocks located near James Bay in Quebec, Canada.

Ÿ Consolidation Gold & Copper who owns 100% interest in the Golden Ivan Project in British Columbia’s Golden Triangle and also owns 100% interest in three projects in Chile. The Company also owns a 3% Copaquire Royalty on a copper-molybdenum deposit in Chile held by Teck Resources


The NISK nickel sulphide project


The NISK property is composed of two blocks totaling 90 claims covering an area of 45.9 km2. The Property is currently known for its magmatic nickel-copper sulphide deposits. It holds the NISK-1 Ni-Cu-C0-PGE deposit. NISK has four distinct target areas covering over 7 kilometres of strike length.


The Project has a Historical Resource at the NISK-1 deposit from 2009 (usual cautions apply to historical resources) and Power Nickel is currently working towards completing an updated NI 43-101 compliant mineral resource. Based on the Historical Resource, grades were around 1% nickel, 0.53% copper, 0.06% cobalt, 0.91 g/t palladium, 0.29g/t platinum. The NISK-1 main deposit remains open to the East, West and at depth.