10:08 AM EDT, 05/21/2024 (MT Newswires) -- Power Nickel ( PNPNF ) earlier Tuesday highlighted high-grade multi-elements assay results for hole PN-24-055 at its Lion Discovery.

The company's shares, which gained nearly 7% on Friday, surged 15% on last look on Tuesday.

The company said PN-24-055 returned 15.40 meters of 0.44 g/t of gold, 22.04 g/t of silver, 5.06% copper, 13.12 g/t of palladium, 3.35 g/t of platinum and .015% nickel.

This includes 5.05 meters of 0.61 g/t of gold, 50.29 g/t of silver, 13.27% copper, 24.62 g/t of palladium, 6.73 g/t of platinum, and 0.33% of nickel. The results also include 3.35 meters of 0.70 g/t of gold, 60.36 g/t of silver, 17.26% copper, 25.02 g/t of palladium, 3.61 g/t of platinum, and 0.37% nickel.

"These are big intersections to be that high-grade and we are seeing a pattern here," Power Nickel ( PNPNF ) CEO Terry Lynch said. "This intersection is in the high-grade wheelhouse that is plus or minus 100 metres wide and seems to have a prospective mineralized halo around it of 50-75 metres. With copper and metal prices surging, this is such a great find. We are excited to see how this discovery can grow from here."

Price: 0.69, Change: +0.07, Percent Change: +11.29