Company Profile: Power Nickel Inc. is a TSXV listed (TSX.V: PNPN) mining company with headquarter in Toronto, Canada. PNPN focused on the acquisition and exploration of mineral properties in Canada that offer the potential for high-grade nickel deposits. The company owns NISK high grade nickel project in Quebec, Golden Ivan project in British Columbia and other three projects in Chile, which are Zulema, Palo Negro and Hornitos and Tierra de Oro.
Mineral Classification: nickel, copper, gold etc.
Golden Ivan Project
Ø Location: situated toward the south of British Columbia's prolific ‘Golden Triangle'. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares.
Golden Ivan-3 Targets
Ø Previous Work: The property hosts two (2) known mineral showings (Gold Ore, and Magee), and a portion of the past-producing Silverado Mine, which was reportedly exploited between 1921 and 1939. Work that was completed by previous operators from the 1980s to 2011, included prospecting, limited geochemical sampling, some ground-based geophysics surveys; limited sampling from the historical workings at the Silverado Mine was also performed. In 2018 Precision Geophysics completed an 88-line kilometer combined magnetic and gammaray spectrometry survey on behalf of the vendor Granby Gold Inc.
Ø Future Exploration: The initial phase of exploration is anticipated to include systematic geological and structural and alteration mapping, as well as geochemical sampling across the property to determine any local areas of anomalism. This would be followed by ground-based geophysics to confirm local structural trends prior to proceeding with an initial drill program in the summer/fall of 2021.
Investment Highlights:
Ø Battery metals are hot- Nickel Copper Cobalt
Ø Leadership team is well experienced and connected.
Ø Trading at low valuation relative to peers.