Power Metallic Hits High-Grade Copper at Depth in Lion Deposit

Key Facts

Amid rising global demand for critical minerals, Power Metallic Mines has announced promising exploratory drilling results at its Lion deposit. According to reports, deep extensional drilling revealed massive copper sulphides at depths exceeding previous mineral resource estimates by 25%. Specifically, hole PML-26-125 intersected 5.7 metres of massive copper sulphides at a vertical depth of nearly 800 metres, successfully proving that mineralization continues significantly deeper than previously modeled.

These results bolster confidence in the company's resource model by confirming the deposit's extension to much greater depths. Per market data, the instrument PNPNF closed at $0.8923 on September 21, 2026, having reached a day high of $0.9986. The discovery highlights the expansion potential of the Lion zone, particularly as other drill holes reaching depths of 900 metres have also shown visual indicators of mineralization, with formal assays currently pending.

Looking ahead, investors are monitoring the completion of the summer drilling program to assess the full scale of these deep extensions. With PNPNF at $0.8923 (close September 21, 2026), further laboratory results from remaining holes will serve as key catalysts. While the upcoming economic calendar shows no direct events for the company, broader market sentiment toward junior miners remains a factor to watch following these high-grade findings.