Episode
Power Metallic accelerates resource estimate after high-grade results
- Published
- May 13, 2026
- Duration seconds
- 428
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Summary
Power Metallic Mines CEO Terry Lynch joined Steve Darling from Proactive to provide an update on the company’s latest high-grade drill results from the Lion Zone discovery and discuss the decision to accelerate the timeline for its maiden mineral resource estimate. Lynch highlighted several recent standout drill intercepts, including 23 metres grading 11.5% copper equivalent, describing the results as “mind blowing numbers.” He noted that the Lion Zone continues to deliver strong high-grade mineralization as the company advances what it believes could become a significant copper discovery. Due to the growing scale and value of the project, Power Metallic has moved forward its mineral resource estimate timeline. Originally targeted for the first quarter of 2027, the maiden resource estimate is now expected in July. Lynch said analysts currently estimate the project could contain between 8 million and 16 million tonnes grading between 5% and 6% copper equivalent. The company also reported encouraging metallurgical test work, with recovery rates of approximately 95%, supporting the potential economic strength of the project. Beyond the current drilling success, Power Metallic continues expanding exploration efforts across its extensive 330-square-kilometre land package. Lynch explained that the company is deploying advanced muon tomography technology alongside Ideon Technologies to help identify new subsurface targets. The AI-driven approach uses cosmic ray data to detect dense rock formations commonly associated with massive sulphide mineralization. Power Metallic plans to restart drilling in June with six drill rigs targeting the Lion Zone, Full Hinge, Elephant target, and deeper nickel-copper sulphide systems. Management said the broader exploration strategy remains fo…