Power Metallic Drills Record 10.08% Copper at Lion Zone

Record-Grade Discovery: The initial drill hole, PML-26-049, intersected <strong class="body_output text-content_primary font-semibold" node="[object Object]">16.55 meters grading 10.08% copper , equivalent to a 15.11% copper grade.
Analyst Endorsement: Noble Capital Markets believes the market underappreciates Power Metallic, citing the results as proof of <strong class="body_output text-content_primary font-semibold" node="[object Object]">strong near-surface mineral continuity .
Enhanced Project Value: This high-grade intercept within massive copper sulphides boosts the economic prospects of the Lion Zone and suggests <strong class="body_output text-content_primary font-semibold" node="[object Object]">broader potential across the district .

Drill Hole Reveals 10.08% Copper Grade

Power Metallic Mines Inc. announced a significant high-grade discovery on March 11, 2026, validating the potential of its Lion Zone project. The first hole from the 2026 winter campaign, PML-26-049, returned a remarkable intersection of 16.55 meters grading 10.08% copper. Including other minerals, the intercept graded at a 15.11% copper equivalent, indicating rich mineralization. The geology was identified as massive to brecciated copper sulphides, a formation highly prized for its potential to yield high-concentration ore.

Noble Capital Sees Undervaluation as Potential Grows

The strong drilling results reinforce the view from Noble Capital Markets that Power Metallic Mines may be undervalued by investors. The investment bank noted that the discovery provides critical evidence of strong, continuous mineralization near the surface. This type of high-grade, accessible deposit can significantly improve a project's economic viability. For investors, the result not only de-risks the immediate Lion Zone target but also points to the untapped potential for similar discoveries across the wider district, strengthening the company's long-term growth profile.