Categories: Base Metals / Precious Metals
Topics: General Base Metals / General Precious Metals

Power Nickel (TSX-V: PNPN)(OTC: PNPNF) CEO Terry Lynch on the Best Intersection Yet with 39.6 Metres of 4.19% CuEq

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Power Nickel, Mr. Terry Lynch. Terry, great to have you back on. How are you today, sir?

Terry Lynch: Yeah, great, Gerardo. It's always great to be here with you, and obviously we had some smashing news out this morning, and that's why we're on the call.

Gerardo Del Real: Holy smokes. Let's talk about it. Hole 71 delivered 39.6 meters of 4.19% copper equivalent. If we want to break that down, it's 39.6 meters of .38 grams per tonne gold, 19.57 grams per tonne silver, 2.62% copper, 3.37 grams per tonne palladium. I could go on. Very, very, very impressive work. Congratulations, sir.

Terry Lynch: Yeah, listen, the drill bit is kicking ass and taking names. It is really something out there, the Lion Zone. That was our biggest interception to date, and that was on the heels of the previous hole release, which was the biggest interception to that point, which was 32 meters of 7%. I think I was talking with somebody, an institutional investor, just 15 minutes ago or so, and I said, "We've drilled about 10,000 meters now. 31 holes," I think we reported. I think we're like 26 or 27 for 31 in success rates. And more than half of them are like these types of holes, at least seven meters to 40 meters, and 4% to 20% copper equivalent. These are ridiculous numbers. So you get an average of maybe 15 meters or so of 7%. Wow. That's wow stuff. Really it is.

Gerardo Del Real: Yeah. No, look. Impressive, impressive, impressive. Talk to me about the continuity and the potential scale here. You've really ramped up.

Terry Lynch: So I think that's what's going to be important to the marketplace, and that's why we felt good about today. So when we did the summer program, we spent probably about half of our money on research. So we did gravity work, we did a bunch of EM, ground EM and downhole EM work, and geochemistries and stuff like that. So we have a pretty good feel for where this thing's going. And so, on Holes 70 and 71, we've done the downhole EM. So when we drill those successful holes, 70 was the 32 meters to 7%, 71, 70 meters south of 70 was basically the 40 meters, or they're about, 39.6 of the 4.2. So both of those were drilled, and then we did the downhole EM. And so we know that theoretically the radius is 200 meters to the west, looks positive at this point.

Now, as we go forward, to this point, we had been, I would say, fairly conservative because we were smaller guys. We're drilling 50, 70-meter step-outs. Now that we've got the science back, we're getting much more aggressive. So we're basically stepping out 150 meters. And those types of holes, what will be interesting, what the market will want to be paying attention to, is that each of those holes would add a half a million tonnes of mineralized area at 7% or 6% or whatever, pick a number. So it's significantly valued rock, and it costs us only 50,000.

So it's crazy, the delta, right? So we're drilling. These are not deep holes. They're like two days, max three-day holes, and you're adding a half a million tonnes of potentially of resource each time you do one of these now. So as we go forward, this is going to really build the tonnage up very quickly. And I don't know when this thing is going to take off like a gang buster, Gerardo, but I've predicted before, and it happened, and it's going to happen again. This thing is going to take off, and it should because it's really worth a lot more than what we're currently valued at, in my view.

Gerardo Del Real: Yeah, I couldn't agree more. And look, we've been saying that since the stock was 15 cents, right? And so, I think, for those of you that missed that first run-up, I absolutely believe that we have a bull market in copper that's going to continue. I absolutely believe that supply deficits are going to continue to materialize in a pretty significant way. And clearly, clearly you have the goods as far as continuity, grade, feeling out the scale there. And obviously you got the technical team. So a lot to be excited about. I'm really excited for the last part of this year and can't wait for 2025. What comes next, Terry?

Terry Lynch: Yeah, so after the election, I think we're just waiting. We'll get another set of assays. The final set of the summer programs, Holes 72, 74, and 75 should be done, and we'll get those out, and we feel good about those. And then we'll start to report, probably by the end of November, the first of the fall program. So we're feeling really good about the westward extension. Go west, young man. So we've felt positive about that. And then finally, obviously we announced the spin-out. So that happens November 27th. We'll vote on that, get that approved, and our shareholders will get that bonus in early December. And then we'll have the feasibility study on building the nickel refinery down in Amarillo, Texas, down in your neck of the woods, will be out sometime in November. So lots of compelling news that's not baked into the price at this moment. So lots of good stuff that I look forward to.

Gerardo Del Real: Couldn't agree more. Thanks for the time as always, Terry. Looking forward to having you back on.

Terry Lynch: Thanks, Gerardo. Have a great day.

Gerardo Del Real: All right.

Terry Lynch: Cheers, mate.

Gerardo Del Real: Cheers now.

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