Power Nickel inc. PNPN.V
(Formerly Chilean Metals inc. CMX.V)
Sector: Mining/Precious Metals, Base Metals
Focus: Gold, Nickel, Copper
Key Points:
Power Nickel has made two noteworthy acquisitions in the up to 80% earn-in Nisk-1 Joint Venture with Critical Elements Lithium Corp. and now 100% owned Golden Ivan property. Power Nickel possess a robust portfolio of land packages In Canada and Chile diversifying in both Base metals and Precious metals markets.
Flagship Project:
Nisk-1 JV Project, James Bay Territory, Quebec
Recently entered into a Joint Venture agreement with Critical Elements Lithium Corp. with an option to earn up to 80% interest in the property.
Composed of two blocks totaling 90 claims covering an area of 45.9 km2.
Close proximity to Hydro-Québec power lines and a road that heads north to the Eastmain River and beyond to the La Grande River area.
Currently known for Nickel/Copper deposits.
An NI 43-101 resource estimate was delivered in 2009 for Nisk-1 by RSW Inc. containing an average measured, indicated, and inferred resource of:
3 Million Tons Nickel at 0.96%.
3 Million Tons Copper at 0.065%.
3 Million Tons Cobalt at 1.02%.
Remains largely unexplored posing the potential for a much larger resource to be defined.
Tierra De Oro, Chile
56 Km2 sized project
Located 20 km east of both the Pan American Highway and Chile’s main power grid
Well-maintained gravel road access.
Potential for Year-round exploration.
Contains bulk-tonnage Gold, Silver and Copper exploration targets.
Largely unexplored with successful gold results from artisinal mining initiatives.
Most Recent Drill program produced intersects of 716 g / t Ag and 0.453% Cu over 2 meters in Hole 3 at the Chanchero zone.
Power Nickel has acquired additional properties for future sale to fund their flagship projects in the future.
Key Shareholders:
Insiders and private investors 24%
Total 60%
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