“With the addition of the $20 Million dollars of exploration capital and Dr. Steve Beresford to our Board and Technical Team, we have significantly enhanced our ability to follow up our exploration success at Nisk. Our revamped exploration program is discussed below and in detail at our recent webinar on the topic (https://on.6ix.com/3WP0Nqa). We are most encouraged with this summer’s progress and believe our strategic approach will maximize the speed and size of our exploration discoveries,” commented Energy Nickel CEO Terry Lynch.

To the west, the Nisk Primary zone extends over 650 m and to a intensity of 500 m beneath floor. The 2023 Mineral Useful resource Estimate, dated Nov. 29^th, 2023, items a mixed “in-pit” and underground indicated useful resource of five.43 Mt grading 1.05% NiEq, and 1.79 Mt @ 1.35% NiEq of underground inferred useful resource. Nisk Primary residue observable at intensity alongside what has been recognized as high-grade mineralization shoots.

To the northeast, the Lion Zone is these days adopted on roughly 300 m, to a intensity of 350 m. The Lion Zone is a poly-metallic sulphides-rich zone presenting a high-grade content material in PGM, gold and silver, in addition to in copper and nickel (Determine 1).

Significance clinical and technical inputs gained from Dr. Beresford has ended in good for one our exploration technique, aiming at figuring out the most efficient sources enlargement attainable at each discoveries and to grasp the character of the floor between the two of them. From Dr. Beresford’s experience, the device seems to act in a similar fashion to a vein device, to the residue that the important thing controlling parameters are the thickness of the zone and its proximity to the “source”, as each components play games a job within the mineralogy and grade of the other mineralized pods. The exploration program can even get pleasure from Dr. Beresford’s revel in by means of striking emphasis on a right kind virtue of geophysics in our focused on technique.

Shifting ahead, the exploration technique will come with:

1. Downhole EM surveys from specifically designed “Platform Holes”, with the try of figuring out beneficial subjects for prime grade sulphides mineralization throughout the goal airplane itself,
2. Field-based geophysics, which incorporates each floor gravity and EM surveys on a good grid, offering but every other layer of knowledge form to higher perceive the sub-surface structure,
3. Integration of those unutilized datasets that may permit updating of the stream litho-structural property of the three-D style with enhanced gravity information. The three-D style can after be old to clear out false-positive goals interpreted from the geophysical surveys.

Platform Holes

Platform holes are spontaneously drilled to observe and to stay at a relentless distance from the objective airplane, in lieu than intersecting it. The primary goal of such holes is to grant a “consistent platform” on which downhole geophysics equipment can generate a profile of EM responses alongside the vertical extent of the objective airplane.

Mineralized sulphides contained throughout the goal airplane, particularly when large and/or as interconnected stockwork of stringers are delicate to EM interferences, and due to this fact may also be “seen” by means of the geophysical survey, with an actual intensity location. The purpose is to align a number of platform holes alongside collision of the objective airplane, offering after a continuing survey protection alongside each the vertical and lateral extents. For the solution to paintings absolute best, platform holes are designed to be hosted by means of non-EM responsive rocks to keep away from any background interferences.

A 2d drill has been deployed on the japanese margin of Nisk Primary, and the primary platform hollow, PN-24P-001, is collared with the barren paragneiss. From there, the outlet will probably be drilled to a couple 1,000 m intensity. For probably the most section, the outlet is drilled at the back of already recognized mineralization, for calibration functions, however will barricade some 400 m vertical meters of untested floor beneath the Nisk Primary Zone. A minimum of two extra holes, following a 300 m step-out also are deliberate as a part of this preliminary take a look at. The 1 km strike-length coated is predicted to grant worthy insights concerning the offset of the Primary Zone in opposition to the ANT 2 goal section (Determine 2).

Field-based geophysics

With the mix of conventional high-resolution airborne geophysics and the Fleet Territory ANT gravity surveys, it used to be identified that extra exact ground-based surveys had been required to additional refine our focused on technique. From Dr. Beresford’s revel in, now not most effective are such surveys very important, processing the knowledge may be a crucial property of the paintings.

Garden paintings is ongoing on the Lion Zone to barricade an EM ground-based survey; and the ground-based gravity survey overlaying probably the most a part of the constituent may be on-going. Determine 3 beneath items the subjects coated by means of each the EM and Gravity surveys throughout the constituent scale geological context and with recognize to the placement of the mineralized zones.

As unutilized knowledge is being amassed, geochemistry of each mineralized zones may be being investigated. Defining the relation between the Nisk Primary zone mineralogy with the extra Copper/PGE/Ag/Au-rich mineralogy seen at Lion Zone is every other property that might supremacy to defining a mineralogical vector, on the constituent scale; such vector may just next support to “locate ourselves” with recognize the mineralized zones, offering higher focused on for unutilized discoveries (Determine 4).

“So far, 2024 has been an exciting year of discoveries for Power Nickel and we believe the best is yet to come,” commented VP Exploration Ken Williamson.

Certified Individual

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

About Energy Nickel Inc.

Energy Nickel is a Canadian youth exploration corporate that specialize 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 collision size) with various high-grade intercepts. Energy Nickel is fascinated with increasing the historic high- grade nickel-copper PGE mineralization with a sequence of drill systems designed to check the preliminary Nisk discovery zone and to discover the land bundle for adjoining attainable Nickel deposits.

Along with the Nisk undertaking, Energy Nickel owns important land programs in British Colombia and Chile. The Corporate is within the strategy of reorganizing those property in a matching car, via a Plan of Association that will probably be offered to Energy Nickel shareholders of report for his or her commendation.

To acquire Energy Nickel’s Company Presentation, please virtue the hyperlink beneath: http://powernickel.com/corporate_presentation.pdf

Neither the TSX Challenge Trade nor its Law Services and products Supplier accepts duty for the adequacy or accuracy of this reduce.

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SOURCE Energy Nickel Inc.

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