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Metal & Mining Stocks
Power Metallic Inc. (TSXV: PNPN) Provides Q1 2025 Exploration Update and Scaling Plans
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Highlights
Power Metallic Inc. (TSXV:PNPN) has provided an update on its exploration activities for Q1 2025 and outlined plans for scaling up exploration programs in Q2 2025. With the completion of a recent equity raise, the company now has a budget of over C$40 million allocated for exploration through the end of 2026. The budget will fund approximately 100,000 metres of drilling and related exploration activities across its key areas.
The company's exploration focus will include extending zones in the Lion and Tiger polymetallic areas and expanding the Nisk deposit. Additionally, Power Metallic plans to explore the 5.5 km of untested strike between these areas. Currently, the company is operating three drill rigs, and with the expansion of core logging facilities at its site, it plans to increase its drill capacity to six rigs by June 2025.
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