Former
Chief Geologist at First Quantum, MMG,
and
Chief Geoscientist at IGO Ltd.
TORONTO, July 29,
2024 /CNW/ - Power Nickel
Inc. (the "Company" or "Power Nickel") (TSXV: PNPN)
(OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that
internationally recognized geoscientist Dr. Steve Beresford has joined the Power Nickel
board.
Dr. Steve Beresford's (FAIG FSEG)
career includes being Chief Geologist of three major mining
companies, a lecturer and professor, and the founder of several
exploration companies. Steve began his exploration career at WMC
Resources and has gone onto to do field exploration in 66
countries, largely for magmatic Nickel-Copper-PGE deposits. Steve
is currently an Adjunct Professor at the University of Western Australia, and a board member of
AGEMERA in Europe. Steve received
his BSc Honors and PhD from the University of Canterbury (New
Zealand).
"On May 1st we welcomed Steve to
the team as our technical advisor, today we welcome him as our
board member. We have had a dynamic short period of time working
with Doctor Beresford, and we are quickly utilizing his tried and
proven exploration techniques on polymetallic deposits to expedite
the successful exploration of Nisk. The video below gives you an
insight into his exploration thoughts and approaches.
Ni-Cu-PGE deposits:
https://www.youtube.com/watch?v=2hxWbW2NVdc&ab_channel=GeologicalSo
cietyofAustraliaInc. 1
On Tuesday August 6th, we invite
you to attend a podcast with Doctor Beresford and the Power Nickel
team as we walk you through our ongoing exploration program at
Nisk," commented Power Nickel CEO Terry
Lynch.
https://events.6ix.com/preview/nisk-the-next-steps-2024-and-beyond
In explaining why he joined Power Nickel, Dr. Beresford said
"Polymetallic Ni-Cu-PGE deposits remain the premier deposit type,
even with the current Nickel price. These deposits are high-grade
metal deposits where Cu and noble metals (PGE, Au, Ag) form
equivalent value to Nickel, not just credit metals. Lion is
prospective for between 11 and 15 metals. It's not academic nuance
to discriminate these systems from common garden Nickel deposits,
it's economics. We continue to advance the Lion discovery and I
look forward to working with the Power Nickel board during these
exciting times."
In conjunction with the appointment and upon review of the
Company's executive compensation, Power Nickel has awarded
4,300,000 incentive stock options under the Company's stock option
plan to directors and consultants at an exercise price of
$0.66 per common share for terms of
two to five years (depending on the particular grant).
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1 Reference
to the video is for information purposes only and the Company
advises that the information in the video does not form part of the
Company's disclosure record. Any references to similarities to NISK
are for information purposes only and there are no assurances that
NISK will achieve the same results as the properties and projects
described in the video.
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Qualified Person
Kenneth Williamson, Géo, M.Sc.,
VP Exploration at Power Nickel, is the qualified person who has
reviewed and approved the technical disclosure contained in this
news release.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing
on developing the high- grade Nisk project into Canada's first Carbon Neutral Nickel mine.
The NISK property comprises a significant land position (20
kilometers of strike length) with numerous high-grade intercepts.
Power Nickel is focused on expanding the historical high- grade
nickel-copper PGE mineralization with a series of drill programs
designed to test the initial Nisk discovery zone and to explore the
land package for adjacent potential Nickel deposits.
In addition to the Nisk project, Power Nickel owns significant
land packages in British Colombia
and Chile. The Company is in the
process of reorganizing these assets in a related vehicle, through
a Plan of Arrangement that will be presented to Power Nickel
shareholders of record for their approval.
To obtain Power Nickel's Corporate Presentation, please use the
link below: http://powernickel.com/corporate_presentation.pdf
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed
"forward-looking statements" concerning the Company within the
meaning of applicable securities laws. Forward-looking statements
are statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects,"
"potential," "indicates," "opportunity," "possible" and similar
expressions, or that events or conditions "will," "would," "may,"
"could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, among others, the timing for the
Company to develop the NISK deposit or risk that such development
does not occur at all; raise sufficient capital to fund its
obligations under its property agreements going forward; to
maintain its mineral tenures and concessions in good standing; to
explore and develop its projects; changes in economic conditions or
financial markets; the inherent hazards associates with mineral
exploration and mining operations; future prices of nickel and
other metals; changes in general economic conditions; accuracy of
mineral resource and reserve estimates; the potential for new
discoveries; the ability of the Company to obtain the necessary
permits and consents required to explore, drill and develop the
projects and if accepted, to obtain such licenses and approvals in
a timely fashion relative to the Company's plans and business
objectives for the applicable project; the general ability of the
Company to monetize its mineral resources; and changes in
environmental and other laws or regulations that could have an
impact on the Company's operations, compliance with environmental
laws and regulations, dependence on key management personnel and
general competition in the mining industry.
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SOURCE Power Nickel Inc.