Proprietary “Exosphere” Strategy To Improve Exploration at Nisk Mining Venture
TORONTO, ON / ACCESSWIRE / January 31, 2022 / Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V:PNPN) (OTCQB:CMETF) (Frankfurt:IVVI), a Canadian metallic exploration firm, has introduced a partnership with Australian-based Fleet Space Technologies, a developer and operator of a constellation of microsatellites that delivers common connectivity throughout the globe, together with the exploration of Nickel ore deposits at its NISK venture. Power Nickel, which specializes within the exploration of high-potential nickel, copper, gold, and different battery metallic prospects in Canada and Chile, will use modern sound mapping expertise from Fleet Space to find further high-grade nickel sulfide deposits with a higher stage of accuracy.
Referred to as “ExoSphere,” a fast mineral exploration resolution, Fleet Space mapping expertise has already delivered promising leads to exploration tasks for high-grade nickel in Michigan and Minnesota. The satellite-enabled earth scanning method is known as Ambient Noise Tomography (ANT). Battery-powered units referred to as ‘Geodes’, which might be transported by hand, are used to seize background vibrations from pure and man-made sources. The info can be utilized to develop a full 3D visualization of the subsurface all the way down to 2 km depth. Fleet’s Geodes are as much as 10x extra delicate than present nodal geophones, main to raised accuracy and depth of outcomes. The exploration crew can get a transparent, wealthy picture of what sources could also be under floor in a interval that may be as brief as 4 days. These might be simply shared and considered from anyplace on the earth in close to real-time. The info thus obtained is processed quickly and transmitted from anyplace on the earth by Fleet’s constellation of low-earth orbit satellites, which had been just lately launched by Elon Musk’s firm, SpaceX.
Traditionally nickel sulfide deposits are situated within the type of pods in a geographic space. It’s anticipated that the nickel ore deposits at NISK are additionally within the type of such pods. Presently, Power Nickel is exploring 1 sq. kilometer of its 45 sq. kilometer land bundle. Utilizing Fleet Space’s earth scanning expertise, Power Nickel hopes to optimize its possibilities of discovering further deposits and enhance its drilling accuracy as a part of a well-developed drilling program. One other profit that using the expertise gives is that as a result of its increased stage of accuracy in detecting nickel ore deposits, it might lower land disturbance within the exploration stage.
Power Nickel, the corporate’s flagship NISK venture, has high-grade nickel sulfide deposits which have the potential to be among the many most low-cost and environmentally-friendly sources of high-grade nickel on the earth. This is because of a number of elements: the mine’s proximity to a hydropower facility, established infrastructure, and shallow mineral depth. Indonesia’s latest ban on export of nickel is prone to have a serious impression on the availability chain for essential merchandise like electrical automobiles and rocket engines. This factors to the pressing want for nations like Canada and the US to develop into self-reliant with regard to nickel provides in gentle of the rising demand for automobiles operating on clear vitality.
Commenting on the partnership, Terry Lynch, the CEO of Power Nickel mentioned, “Whereas we’re having wonderful success drilling at Nisk as evidenced by our latest drill outcomes. We’re in search of heaps extra drill cores like this. A sampling of core from gap 23 that we accomplished final week.
“Fleet Space Technologies has already successfully used this technology in Australia and now in Minnesota. By using this advanced seismic tomography approach in combination with our in-house methods, we hope to increase our chances of finding more nickel ore pods at a faster rate. The two main advantages this technology offers are that we can now explore our 45-square-kilometer land package in a fraction of the time we need using traditional ground-based methods. The second advantage is that with this data, we can drill fewer meters but with increased impact. Use of this technology aligns well with our goal of making nickel mining cleaner, faster, and more environmentally friendly right from the exploration phase.”
Fleet Space founder Flavia Tata Nardini mentioned, “We’re delighted to see ExoSphere deployed in Canada for the first time, building on our success in the US and elsewhere around the world. As well as great technology and commercial partnership, this is a real meeting of minds. We both understand the urgent need to accelerate the discovery process for these vital minerals, but we’re also equally committed to minimizing their environmental impact. Power Nickel is precisely the kind of forward-thinking, responsible enterprise ExoSphere was designed for: it’s great to be working with them on this project.”
Certified Particular person
Kenneth Williamson, Géo, M.Sc. from 3DGeo Resolution Inc and guide to Power Nickel, is the unbiased certified one that has reviewed and authorized the technical disclosure contained on this information launch.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration firm specializing in high-potential copper, gold, and battery metallic prospects in Canada and Chile.
On February 1, 2021, Power Nickel (then known as Chilean Metals) accomplished the acquisition of its choice to amass as much as 80% of the Nisk venture from Essential Parts Lithium Corp. (CRE:TSXV)
The NISK property contains a big land place (20 kilometers of strike size) with quite a few high-grade intercepts. Power Nickel is concentrated on increasing its present high-grade nickel-copper PGE mineralization Ni 43- 101 useful resource with a sequence of drill applications designed to check the preliminary Nisk discovery zone and to discover the land bundle for adjoining potential Nickel deposits.
Current assay outcomes from the present drill program on the Nisk deposit proceed to return high-grade Ni-Cu- Co sulfide and PGE mineralization.
Important outcomes from this batch of assays embrace:
40.3m @ 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt (PN-22-009)
25.86m @ 1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt
Power Nickel introduced on June eighth, 2021, that an settlement has been made to finish the 100% acquisition of its Golden Ivan venture within the coronary heart of the Golden Triangle. The Golden Triangle has reported mineral sources (previous manufacturing and present sources) in a complete of 130 million ounces of gold, 800 million ounces of silver, and 40 billion kilos of copper.(Useful resource World) This property hosts two recognized 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 as polymetallic veins containing portions of silver, lead, zinc, plus/minus gold, and plus/minus copper.
Power Nickel can also be one hundred pc proprietor of 5 properties comprising over 50,000 acres strategically situated within the prolific iron-oxide-copper-gold belt of northern Chile. It additionally owns a 3-per-cent NSR royalty curiosity on any future manufacturing from the Copaquire copper-molybdenum deposit, which was bought to a subsidiary of Teck Sources Inc. Underneath the phrases of the sale settlement, Teck has the proper to amass 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 area.
For additional data, please contact:
Mr. Terry Lynch, CEO
Power Nickel Inc.
The Canadian Enterprise Constructing
82 Richmond St East, Suite 202
Title: Terry Lynch
Web site: www.powernickel.com
About Fleet Space Technologies
Fleet Space Technologies is Australia’s main house firm. It’s headquartered in Adelaide, South Australia, the centre of the nation’s quickly rising house trade. Fleet additionally has a worldwide presence together with a US HQ in Houston, Texas, the house of NASA. Fleet is quickly increasing its satellite tv for pc constellation to supply limitless knowledge and world attain to appreciate the potential of tens of millions of Web of Issues (IoT) units.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) settle for duty for the adequacy or accuracy of this launch.
Cautionary Notice Relating to Ahead-Wanting Statements
This information launch comprises sure statements that could be deemed “forward-looking ” regarding the Firm throughout the which means of relevant securities legal guidelines. Ahead-looking statements are statements that aren’t historic details and are typically, however not at all times, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and comparable expressions, or that occasions or circumstances “will”, “would”, “may”, “could” or “should” happen. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements usually are not ensures of future efficiency, are topic to dangers and uncertainties, and precise outcomes or realities might differ materially from these within the forward-looking statements. Such materials dangers and uncertainties embrace, however usually are not restricted to, the Firm’s capability to boost adequate capital to fund its deliberate actions on the NISK Property and for common working capital functions; the timing and prices of future actions on the Firm’s properties; sustaining its mineral tenures and concessions in good standing; adjustments in financial circumstances or monetary markets; the inherent hazards associates with mineral exploration and mining operations; future costs of metals; adjustments typically financial circumstances; accuracy of mineral useful resource and reserve estimates; the potential for brand new discoveries; the power of the Firm to acquire the mandatory permits and consents required to discover, drill and develop the tasks and if obtained, to acquire such permits and consents in a well timed vogue relative to the Firm’s plans and enterprise targets for the tasks; the overall capability of the Firm to monetize its mineral sources; and adjustments in environmental and different legal guidelines or rules that might have an effect on the Firm’s operations, compliance with environmental legal guidelines and rules, dependence on key administration personnel and common competitors within the mining trade. Ahead-looking statements are primarily based on the cheap beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. Besides as required by legislation, the Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different elements, ought to change.