Energy Nickel Declares Greatest Intersection But!

Hollow 71 delivers 39.6 metres with 4.19% CuEq
39.6 m of 0.38 g/t Au, 19.57 g/t Ag, 2.62 % Cu, 3.37 g/t Pd, 0.80 g/t Pt and nil.13% Ni

TORONTO, Oct. 28, 2024 /PRNewswire/ – Energy Nickel Inc. (the “Company” or “Power Nickel”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is happy to announce the 3rd i’m ready of assay effects bought for 2 extra holes of the summer season 2024 drilling marketing campaign at its polymetallic Lion Zone discovery.

“Today we announced the biggest intersection we have to date with 39.6 metres of 4.19% CuEq. This is incredibly rich in metal contained. We are expecting to deliver more of these types of holes as we finish off the last of our summer drill program. The Lion Zone is showing impressive grades and overall thickness and doing this consistently. We are building significant tonnage for our resource model.  Shortly we will start delivering the results of the fall program where we are more than one week into our 30,000 metre fully funded fall and winter program. Its an exciting time to be a Power Nickel shareholder as together we are discovering just how big the Lion Zone can be and how important a discovery Nisk could become,” commented Terry Lynch, CEO of Energy Nickel.

Highlights:  

PN-24-071 returned:

39.6 m of 0.38 g/t Au, 19.57 g/t Ag, 2.62 % Cu, 3.37 g/t Pd, 0.80 g/t Pt and nil.13% Ni
     Together with:
     11.60 m of 0.88 g/t Au, 49.9 g/t Ag, 8.25 % Cu, 9.57 g/t Pd, 2.64 g/t Pt and nil.34% Ni
     which incorporates:
     3.00 m of one.56 g/t Au, 63.03 g/t Ag, 10.39 % Cu, 11.42 g/t Pd, 7.90 g/t Pt and nil.32% Ni

PN-24-073 returned:
29.10 m of 0.25 g/t Au, 4.97 g/t Ag, 0.51 % Cu, 1.52 g/t Pd, 0.70 g/t Pt and nil.06% Ni
     Together with:
          2.10 m of 0.21 g/t Au, 20.67 g/t Ag, 3.53 % Cu, 4.05 g/t Pd, 0.10 g/t Pt and nil.27% Ni     
     And together with:
          3.00 m of one.67 g/t Au, 14.93 g/t Ag, 0.89 % Cu, 10.36 g/t Pd, 5.71 g/t Pt and nil.04% Ni

Determine 1 under is a vertical longitudinal part, presenting the positioning of the new holes drilled on the Lion Zone discovery.

Desk 1 under items the numerous result of prior to now exempted holes, and the tide assays. Your complete i’m ready of effects bought demonstrates an amazing good fortune price, which contributes to a ceaselessly expanding stage of self belief in regards to the perpetuity of the zone.

Drilling used to be paused for one life to permit for the native indigenous searching season and has now restarted. Two drills are on website online and concentrated on expansions to the Lion Zone. Samples shall be expedited to the lab and effects shall be exempted as they’re won.

“These new results are what we are looking for! We strongly believe that we’ve gathered around the table the right expertise and brought the right tools to be continuing in such a successful way. Not only is the semi-massive sulphides zone continuing to deliver in terms of grade, this time around it’s also delivering in thickness. With such volume of semi-massive to massive conductive sulphides, there is no doubt that the downhole EM surveys will help us out big time. We hope the EM response will be crystal clear, which should allow us to loosen up the grid from 50m spacing to something like 150-200m spacing and grow in a much quicker way the overall footprint the zone, while maintaining a very good confidence level in terms of continuity of the zone. That, coupled with our 3D modeling efforts, should provide the framework we need to then take advantage of our ongoing geochemical and geophysical analysis of the system; and with Steve Beresford onboard to guide us, I think we have a good recipe for success here!” commented Ken Williamson, Vice-President Exploration.

Desk 1: Important fresh assay effects bought on the Lion Discovery zone

Determine 2 under is a cross-section during the Lion Zone, alongside the holes reported on this tide leave, presenting the brandnew assay ends up in their geological context. Core pictures grant a optical aid, permitting esteem of the great correlation between sulphides presence and reported polymetallic grades.

QAQC and Sampling

GeoVector Control Inc (“GeoVector”) is the Consulting corporate retained to accomplish the untouched drilling program, which incorporates core logging and sampling of the drill core.

All samples had been submitted to and analyzed at Activation Laboratories Ltd (“Actlabs”), an free industrial laboratory for each the pattern preparation and assaying. Actlabs is a industrial laboratory free of Energy Nickel with no real interest in the Mission. Actlabs is an ISO 9001 and 17025 qualified and authorized laboratories. Samples submitted thru Actlabs are run thru same old preparation modes and analysed the usage of RX-1 (Crispy, weigh down (< 7 kg) as much as 80% passing 2 mm, riffle fracture (250 g) and smash up (gentle metal) to 95% passing 105 μm) preparation modes, and the usage of 1F2 (ICP-OES) and 1C-OES – 4-Acid related general digestion + Gold-Platinum-Palladium research and 8-Peroxide ICP-OES, for ordinary and over detection restrict research. Pegmatite samples are analyzed the usage of UT7 – Li as much as 5%, Rb as much as 2% mode. Actlabs additionally adopt their very own inside coarse and pulp replica research to assure right kind pattern preparation and gear calibration.

GeoVector’s QAQC program contains ordinary insertion of CRM requirements, duplicates, and blanks into the pattern wave with a stringent evaluation of all effects.

The effects offered within the tide Press Exempt are whole inside the mineralized durations, however effects are nonetheless pending for the lead portion of each holes reported. QAQC and information validation used to be carried out on those parts of the holes the place assays are absolutely built-in, and disagree subject material error had been seen.

Certified Individual

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

About Energy Nickel Inc.

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

The NISK constituent incorporates an important land place (20 kilometers of crash area) with various high-grade intercepts. Energy Nickel is eager about increasing the historic high-grade nickel-copper PGE mineralization with a form of drill techniques designed to check the preliminary Nisk discovery zone and to discover the land bundle for adjoining doable Nickel deposits.

Along with the Nisk undertaking, Energy Nickel owns vital land programs in British Colombia and Chile. The Corporate is within the strategy of reorganizing those belongings in a indistinguishable car, thru a Plan of Association that shall be offered to Energy Nickel shareholders of document for his or her approbation.

To acquire Energy Nickel’s Company Presentation, please usefulness the hyperlink under:

http://powernickel.com/corporate_presentation.pdf

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

Neither the TSX Undertaking Trade nor it’s Law Services and products Supplier accepts duty for the adequacy or accuracy of this leave.

Cautionary Observe Referring to Ahead-Taking a look Statements

This message incorporates positive statements that can be deemed “forward-looking statements” in regards to the Corporate inside the which means of appropriate securities regulations. Ahead-looking statements are statements that don’t seem to be historic information and are normally, however no longer at all times, recognized via the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible” and matching expressions, or that occasions or situations “will,” “would,” “may,” “could” or “should” happen. Despite the fact that the Corporate believes the expectancies expressed in such forward-looking statements are in accordance with cheap suppositions, such statements don’t seem to be promises of week 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 material dangers and uncertainties come with, however don’t seem to be restricted to, amongst others, the timing for the Corporate to related the non-public placement or the second one Nisk choice or possibility that such transactions don’t related in any respect; carry adequate capital to charity its responsibilities beneath its constituent oaths in the future; to preserve its mineral tenures and concessions in just right status; to discover and assemble its initiatives; adjustments in financial situations or monetary markets; the inherent hazards friends with mineral exploration and mining operations; week costs of nickel and alternative metals; adjustments usually financial situations; accuracy of mineral useful resource and store estimates; the opportunity of brandnew discoveries; the facility of the Corporate to acquire the vital allows and sees eye to eye required to discover, drill and assemble the initiatives and if authorized, to acquire such licenses and approvals in a well timed style relative to the Corporate’s plans and industry targets for the appropriate undertaking; the overall talent of the Corporate to monetize its mineral assets; and adjustments in environmental and alternative regulations or rules that can have an have an effect on at the Corporate’s operations, compliance with environmental regulations and rules, dependence on key control staff and normal pageant within the mining business.

SOURCE Energy Nickel Inc.

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