• The Top-Grade portion of the Lion Zone one continues to the west, with a shallower plunge than what used to be up to now expected, as proven by means of holes PN-24-69 to PN-24-074.
• The Lion Zone is provide at intensity, as proven by means of holes PN-24-063 toPN-24-068, increasing its footprint deeper by means of some other 150m vertical.
• Garden-based geophysics is underway at Lion Zone and brandnew goals from the consolidated gravity and EM surveys interpretation are expected to be to be had when drilling resumes mid-October, nearest the standard while lengthy “Moose Break”.

“Our 2024 summer drilling program had two objectives: (1) Grow the Lion Zone and (2) Establish a process designed by Dr. Steve Beresford to maximize our ability to explore the project on a systematic basis, using approaches he used successfully with First Quantum, MMG, and IGO. I am very pleased to report success in accomplishing these objectives. The first results you will note in our Lion Zone growth and in the pictures below. The second will come in our planned fully funded 30,000 meter winter drill program. The Lion Zone, and indeed Nisk overall, is blossoming into what we believe will be a world-class polymetallic discovery. We look forward to building on this summers hard work and success into what we feel will be a company defining winter program,” said CEO Terry Lynch.

The Corporate’s 2024 summer season drill program is lately focussed on drilling systematically the Lion Zone the usage of a 50 to 75 m sq. grid way, which permits a greater working out of the interior distribution of the high-grade polymetallic mineralization throughout the zone. 3 disciplines were effectively examined up to now: A- the section at once underneath the zone (holes PN-24-063 to -068), increasing the zone by means of 150 m vertically, B- the west boundary (PN-24-069 to -071), the place the zone seems to be thicker and extra immense in nature, and C- underneath the identified west boundary, following the interpreted plunge of the zone (see Figures 1 and a pair of underneath). With the brandnew holes thought to be, the Lion Zone now displays a footprint achieving 350 m laterally and 450 m vertically, representing a vital build up in dimension.

Assays from a number of promising holes are actually in on the laboratory and the Corporate expects to document on those by means of overdue September.

The thickness of the immense chalcopyrite zone left-overs the similar, starting from as much as 5-10 meters true width within the core of the zone to lower than 1 meter laterally. Figures 3 to five underneath provide cross-sections during the Lion Zone section drilled this summer season. It’s detectable that lots of the brandnew drillholes are alike to being perpendicular to the zone, turnover alike to true thickness intersections. The figures additionally provide seen sulphides mineralization within the core.

“This new information now allows us to anticipate a much shallower westward plunging chute within the Lion Zone that will benefit both short-term drilling costs and eventually, assuming commercialization, reduce operating costs. As Terry mentioned, we are achieving our two objectives of growing the Lion Zone and establishing an exploration process that incorporates geologic, geophysical, and geochemical data collection. We believe analysis and interpretation of this data will set us up for an aggressive winter exploration program. We look to extend the Lion Zone, and we hope to discover other Lion Zones and find what we believe will be the big brother extensions to Nisk Main, somewhere under the Lion Zone,” commented Ken Williamson, VP Exploration. 

Certified Individual

Kenneth Williamson, Géo, M.Sc., VP Exploration at Energy Nickel, is the certified one who has reviewed and licensed the technical disclosure contained on this information drop.

About Energy Nickel Inc.

Energy Nickel is a Canadian teenager exploration corporate specializing in creating the high-grade Nisk challenge into Canada’s first Carbon Impartial Nickel mine.

The NISK attribute accommodates a vital land place (20 kilometers of crash field) with diverse high-grade intercepts. Energy Nickel is interested by increasing the ancient high-grade nickel-copper PGE mineralization with a line of drill methods designed to check the preliminary Nisk discovery zone and to discover the land package deal for adjoining possible Nickel deposits.

Along with the Nisk challenge, Energy Nickel owns vital land programs in British Colombia and Chile. The Corporate is within the means of reorganizing those property in a similar automobile, thru a Plan of Association that might be introduced to Energy Nickel shareholders of file for his or her benevolence.

To procure Energy Nickel’s Company Presentation, please virtue the hyperlink underneath:

http://powernickel.com/corporate_presentation.pdf

For additional knowledge, readers are inspired to touch:
Energy Nickel Inc.
The Canadian Undertaking Construction
82 Richmond St East, Suite 202
Toronto, ON

Neither the TSX Undertaking Alternate nor it’s Law Products and services Supplier accepts duty for the adequacy or accuracy of this drop.

Cautionary Word Referring to Ahead-Having a look Statements

This message incorporates sure statements that can be deemed “forward-looking statements” regarding the Corporate throughout the which means of appropriate securities rules. Ahead-looking statements are statements that don’t seem to be ancient details and are most often, however now not all the time, recognized by means of the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible” and homogeneous expressions, or that occasions or situations “will,” “would,” “may,” “could” or “should” happen. Even supposing the Corporate believes the expectancies expressed in such forward-looking statements are in accordance with affordable guesses, such statements don’t seem to be promises of year efficiency, are matter to dangers and uncertainties, and untouched effects or realities might vary materially from the ones within the forward-looking statements. Such subject matter dangers and uncertainties come with, however don’t seem to be restricted to, amongst others, the timing for the Corporate to alike the non-public placement or the second one Nisk choice or possibility that such transactions don’t alike in any respect; lift enough capital to treasure its responsibilities underneath its attribute contracts in the future; to conserve its mineral tenures and concessions in excellent status; to discover and form its tasks; adjustments in financial situations or monetary markets; the inherent hazards friends with mineral exploration and mining operations; year costs of nickel and alternative metals; adjustments basically financial situations; accuracy of mineral useful resource and book estimates; the potential of brandnew discoveries; the facility of the Corporate to acquire the essential lets in and concurs required to discover, drill and form the tasks and if accredited, to acquire such licenses and approvals in a well timed style relative to the Corporate’s plans and trade goals for the appropriate challenge; the overall skill of the Corporate to monetize its mineral sources; and adjustments in environmental and alternative rules or rules that will have an have an effect on at the Corporate’s operations, compliance with environmental rules and rules, dependence on key control workforce and normal pageant within the mining business.

SOURCE Energy Nickel Inc.

Additionally from this supply