Lion Zone Discovery Roars Once more !

Hollow 72 delivers 19.60 metres with 3.82% CuEq
19.60 m of one.27 g/t Au, 20.30 g/t Ag, 2.53 % Cu, 1.01 g/t Pd, 2.42 g/t Pt and nil.15% Ni

TORONTO, Nov. 11, 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 acquired for 2 extra holes of the summer season 2024 drilling marketing campaign at its polymetallic Lion Zone discovery.

“The summer of 2024 will be remembered as an epic one regarding ongoing discovery of the Lion Zone. The westward expansion has continued to produce some fantastic results. Following up 32 metres of almost 7% CuEq with almost 40 metres of 4.19% CuEq, Hole 72 provides a continuation of our track record of success. As we push west, we are learning more about the mineralized zone and how it behaves, and our ability to track and anticipate the zone is improving. We are now routinely using downhole EM in all our new holes, giving our exploration team insight into a radius of about 200 metres. While the summer drilling program was done on a smaller 50 metre fan drilling approach, the fall and winter programs are successfully drilling 150 plus metres step outs with this technique. Look for more roars from our Lion Zone soon,” commented Terry Lynch, CEO of Energy Nickel.

Highlights:  

PN-24-072 returned:
19.60 m of one.27 g/t Au, 20.30 g/t Ag, 2.53 % Cu, 1.01 g/t Pd, 2.42 g/t Pt and nil.15% Ni
     Together with:
     12.50 m of 0.31 g/t Au, 16.22 g/t Ag, 3.01 % Cu, 1.49 g/t Pd, 3.14 g/t Pt and nil.17% Ni
     which contains:
     4.50 m of 0.53 g/t Au, 32.71 g/t Ag, 6.40 % Cu, 3.74 g/t Pd, 5.73 g/t Pt and nil.35% Ni

PN-24-074 returned:
23.55 m of 0.15 g/t Au, 3.06 g/t Ag, 0.60 % Cu, 0.02 g/t Pd, 0.13 g/t Pt and nil.11% Ni
     Together with:
     7.00 m of 0.06 g/t Au, 3.37 g/t Ag, 0.18 % Cu, 0.01 g/t Pd, 0.15 g/t Pt and nil.01% Ni
     And together with:
     2.50 m of one.27 g/t Au, 18.57 g/t Ag, 5.10 % Cu, 0.13 g/t Pd, 0.78 g/t Pt and nil.52% Ni

PN-24-075 returned:
19.20 m of 0.14 g/t Au, 5.45 g/t Ag, 1.04 % Cu, 0.53 g/t Pd, 1.22 g/t Pt and nil.05% Ni
     Together with:
     3.40 m of 0.60 g/t Au, 13.02 g/t Ag, 0.24 % Cu, 3.60 g/t Pd, 3.38 g/t Pt and nil.01% Ni
     And together with:
     3.05 m of 0.23 g/t Au, 15.29 g/t Ag, 5.31 % Cu, 0.27 g/t Pd, 4.36 g/t Pt and nil.23% Ni 

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

Desk 1 underneath gifts the numerous result of in the past excused holes, and the tide assays. Your entire i’m ready of effects acquired demonstrates an incredible good fortune fee, which contributes to a incessantly expanding stage of self assurance in regards to the perpetuity of the zone.

As offered by way of Determine 1 above, two drills are on website and actively concentrated on expansions to the Lion Zone, proceeding to extend the zone to the west (tide hollow PN-24-082) in addition to exploring promising field some 250m east of the Lion Discovery itself (PN-24-088). Samples will probably be expedited to the lab and effects will probably be excused as they’re gained. Effects acquired to-date proceed to exhibit the lateral perpetuity of the zone to the west, for the purpose of an important building up in dimension in comparison to the start of this tide drill program.

“We are impressed with what we have discovered so far, given the impressive grades and polymetallic nature of the deposit. We are ramping up our exploration efforts using different proven geophysical and geochemical techniques and we are actively processing the data. This will accelerate the expansion and discovery process, thus enabling us to step out away from the current zone with a much higher level of confidence,”  commented Ken Williamson, Vice-President Exploration.

Determine 2 underneath is a cross-section in the course of the Lion Zone, alongside the holes reported on this tide reduce, presenting the pristine assay ends up in their geological context. Core pictures handover vision backup, permitting idolize of the nice correlation between sulphides presence and reported polymetallic grades.

QAQC and Sampling

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

All samples have 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 Challenge. Actlabs is an ISO 9001 and 17025 qualified and approved laboratories. Samples submitted thru Actlabs are run thru same old preparation modes and analysed the use of RX-1 (Juiceless, overwhelm (< 7 kg) as much as 80% passing 2 mm, riffle crack (250 g) and demolish (gentle metal) to 95% passing 105 μm) preparation modes, and the use of 1F2 (ICP-OES) and 1C-OES – 4-Acid alike general digestion + Gold-Platinum-Palladium research and 8-Peroxide ICP-OES, for ordinary and over detection restrict research. Pegmatite samples are analyzed the use of UT7 – Li as much as 5%, Rb as much as 2% form. Actlabs additionally adopt their very own inner coarse and pulp replica research to safeguard right kind pattern preparation and gear calibration.

GeoVector’s QAQC program comprises ordinary insertion of CRM requirements, duplicates, and blanks into the pattern tide with a stringent overview of all effects.

The consequences offered within the tide Press Let go are entire throughout the mineralized periods, however effects are nonetheless pending for the govern portion of each holes reported. QAQC and information validation was once carried out on those parts of the holes the place assays are totally built-in, and negative subject matter mistakes have been seen.

The Corporate additionally proclaims that it in the past granted 600,000 choices to an officer of the Corporate on September 9, 2024 at $0.66 in line with percentage exercisable for five years from the presen of handover.  The Corporate inadvertently left out the scoop reduce about this handover on the related occasion.

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 reduce.

On Remembrance Year, we celebrate those that gave their lives to lend our nation.

Energy Nickel want to trade in our because of the women and men of the Canadian Armed Forces that experience served this nation so honorably over our historical past. In this week we take into account their sacrifice and salute their braveness.

About Energy Nickel Inc.

Energy Nickel is a Canadian yongster exploration corporate that specialize in creating the Prime-Grade Nickel Copper PGM, Gold and Silver Nisk challenge into Canada’s upcoming poly metal mine.

On February 1, 2021, Energy Nickel (nearest referred to as Chilean Metals) finished the purchase of its solution to gain as much as 80% of the Nisk challenge from Important Parts Lithium Corp. (CRE: TSXV). The NISK attribute contains a massive land place (20 kilometres of crash dimension) with diverse high-grade intercepts. Energy Nickel is enthusiastic about increasing the high-grade nickel-copper PGM, Gold and Silver mineralization with a layout of drill methods designed to check the preliminary Nisk discovery zone, the Lion discovery zone and to discover the land package deal for adjoining attainable poly metal deposits.

Along with the Nisk challenge, Energy Nickel owns important land programs in British Colombia and Chile. Energy Nickel is anticipated to reorganize those belongings in a similar people car thru a plan of association as introduced by way of the Corporate on October 18, 2024.

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

http://powernickel.com/corporate_presentation.pdf

For additional data, readers are inspired to touch:

Energy Nickel Inc.
The Canadian Challenge Construction
82 Richmond St East, Suite 202
Toronto, ON

Neither the TSX Challenge Change nor it’s Legislation Services and products Supplier accepts accountability for the adequacy or accuracy of this reduce.

Cautionary Observe Relating to Ahead-Having a look Statements

This message incorporates sure statements that can be deemed “forward-looking statements” in regards to the Corporate throughout the which means of acceptable securities rules. Ahead-looking statements are statements that aren’t ancient details and are typically, however now not at all times, recognized by way of the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible” and alike expressions, or that occasions or situations “will,” “would,” “may,” “could” or “should” happen. Even though the Corporate believes the expectancies expressed in such forward-looking statements are in keeping with affordable guesses, such statements aren’t promises of year efficiency, are topic to dangers and uncertainties, and unedited effects or realities would possibly vary materially from the ones within the forward-looking statements. Such subject matter dangers and uncertainties come with, however aren’t restricted to, amongst others, the timing for the Corporate to habits diverse drill methods; elevate ample capital to charity its tasks beneath its attribute commitments in the future; to uphold its mineral tenures and concessions in excellent status; to discover and assemble its initiatives; adjustments in financial situations or monetary markets; the inherent hazards pals with mineral exploration and mining operations; year costs of nickel and alternative metals; adjustments generally financial situations; accuracy of mineral useful resource and book estimates; the opportunity of pristine discoveries; the facility of the Corporate to acquire the essential allows and concurs required to discover, drill and assemble the initiatives and if approved, to acquire such licenses and approvals in a well timed model relative to the Corporate’s plans and trade targets for the acceptable challenge; the overall skill of the Corporate to monetize its mineral assets; and adjustments in environmental and alternative rules or rules that may have an have an effect on at the Corporate’s operations, compliance with environmental rules and rules, dependence on key control workforce and common festival within the mining trade.

SOURCE Energy Nickel Inc.

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