TORONTO, Dec. 6, 2023
/CNW/ - Power Nickel Inc. (the "Company" or
"Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt:
IVV)
Discover how Power Nickel, leveraging Fleet Space
Technologies' mineral exploration technology, ExoSphere, is
transforming the landscape of nickel exploration. This event will
highlight the successful application of Ambient Noise Tomography
(ANT) to generate actionable data in near real-time for identifying
nickel targets, emphasizing the potential of these technologies to
enhance drilling accuracy and reduce land disturbance. Terry Lynch, CEO of Power Nickel, will have a
relaxed chat with Power Nickel Exploration VP Ken Williamson and a
duo of top geoscience experts from Fleet Space to discuss how
Power Nickel is using this technology to facilitate the successful
exploration of the Nisk project in Namaska Quebec.
"I think this event is a must-view if you're a Power Nickel
shareholder or interested in becoming one. We also welcome curious
industry technical teams to learn its use in real-time. This tool
is redefining how exploration can be progressed and we believe it
has given us several actionable insights that should speed up the
successful discovery process currently underway at Nisk."
ANT has rapidly become an essential part of the explorationist
toolkit, building and complimenting historical tools like IP,
Gravity, Airbourne and Downhole EM and of course the need for
talented geological interpretation of the data.
Come and listen to the podcast as we reveal our success
signature that we have adopted to guide our exciting next stage of
exploration," commented Power Nickel CEO Terry Lynch.
"ExoSphere Ambient Noise Tomography (ANT) surveys were conducted
over the Nisk Deposit and the Wildcat exploration area. The ANT
survey successfully mapped changes in major lithologies including
the ultramafic intrusions hosting the known mineralization in the
Nisk deposit. Structural features have been identified across the
study area suggesting additional complexity of the geologic
history. A number of areas of interest with similar velocity
profiles to the Nisk were identified and are being included in
future exploration work." Bronwyn
Murphy, Fleet Space Technologies' Geologist
Interested parties can register via the link on the image or by
clicking the link below. If you are unable to listen live, we will
be making it available via recording to members of the Power Nickel
mailing list.
Click Here to Register for This Event
Qualified Person
Kenneth Williamson, Geo, M.Sc.,
VP Exploration at Power Nickel, is the qualified person who has
reviewed and approved the technical disclosure contained in this
news release.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing
on high-potential copper, gold and battery metal prospects in
Canada and Chile.
On February 1, 2021 Power Nickel
(then called Chilean Metals) completed the acquisition of its
option to acquire up to 80% of the Nisk project from Critical
Elements Lithium Corp. (CRE:TSXV)
The NISK property comprises a large land position (20 kilometres
of strike length) with numerous high-grade intercepts. Power
Nickel, formerly Chilean Metals is focused on confirming and
expanding its current high-grade nickel-copper PGE mineralization
historical resource by preparing a new Mineral Resource Estimate in
accordance with NI 43-101, identifying additional high-grade
mineralization, and developing a process to potentially produce
nickel sulphates responsibly for batteries to be used in the
electric vehicles industry.
Power Nickel (then called Chilean Metals) announced on
June 8th, 2021 that an
agreement has been made to complete the 100% acquisition of its
Golden Ivan project in the heart of
the Golden Triangle. The Golden Triangle has reported mineral
resources (past production and current resources) in total of 67
million ounces of gold, 569 million ounces of silver and 27 billion
pounds of copper. This property hosts two known mineral showings
(gold ore and magee), and a portion of the past-producing Silverado
mine, which was reportedly exploited between 1921 and 1939. These
mineral showings are described to be Polymetallic veins that
contain quantities of silver, lead, zinc, plus/minus gold, and
plus/minus copper.
Power Nickel is 100-per-cent owner of five properties comprising
over 50,000 acres strategically located in the prolific
iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty
interest on any future production from the Copaquire
copper-molybdenum deposit, recently sold to a subsidiary of Teck
resources Inc. Under the terms of the sale agreement, Teck has the
right to acquire one-third of the 3-per-cent NSR for $3-million at any time. The Copaquire property
borders Teck's producing Quebrada Blanca copper mine in
Chile's first region.
About Fleet Space
Technologies
Fleet Space Technologies, Australia's fastest growing company, is
revolutionising humanity's search for critical minerals, space
exploration, and defence with its satellite-enabled solutions and
seismic array technology (EXOSPHERE BY FLEET®). Headquartered at
the national centre of Australia's
space industry in Adelaide, Fleet
has expanded its global footprint to the US, Canada, Chile, and Luxembourg with over 100+ employees
worldwide.
Fleet's technology, EXOSPHERE BY FLEET®, has rapidly disrupted
the exploration industry by delivering high-fidelity 3D mapping of
underground critical mineral deposits - quickly, affordably, and
with minimal environmental impact. Leveraging Fleet's constellation
of low Earth orbit satellites and passive seismic methods,
EXOSPHERE BY FLEET® is able to provide actionable 3D velocity
models in a matter of days, radically decreasing the time it takes
to locate a potential deposit. The technology has been used to
conduct surveys on a variety of commodity types across 5 continents
with over 30 global exploration customers, including Rio Tinto,
Barrick Gold and Core Lithium.
Contact Fleet at info@fleet.space
Neither the TSX Venture Exchange nor it's Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding
Forward-Looking Statements
This message contains certain statements that may be deemed
"forward-looking statements" concerning the Company within the
meaning of applicable securities laws. Forward-looking statements
are statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects,"
"potential," "indicates," "opportunity," "possible" and similar
expressions, or that events or conditions "will," "would," "may,"
"could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, among others, the timing for
various drilling plans; the timing for various activities being
conducted by CVMR and potential recovery rates by CVMR
processes; the ability to raise sufficient capital to fund its
obligations under its property agreements going forward and conduct
drilling and exploration; to maintain its mineral tenures and
concessions in good standing; to explore and develop its projects;
changes in economic conditions or financial markets; the inherent
hazards associates with mineral exploration and mining operations;
future prices of nickel and other metals; changes in general
economic conditions; accuracy of mineral resource and reserve
estimates; the potential for new discoveries; the ability of the
Company to obtain the necessary permits and consents required to
explore, drill and develop the projects and if accepted, to obtain
such licenses and approvals in a timely fashion relative to the
Company's plans and business objectives for the applicable project;
the general ability of the Company to monetize its mineral
resources; and changes in environmental and other laws or
regulations that could have an impact on the Company's operations,
compliance with environmental laws and regulations, dependence on
key management personnel and general competition in the mining
industry.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/fleet-space-tech-launching-power-nickels-exploration-to-new-heights-302007633.html
SOURCE Power Nickel Inc.