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Power Metallic reports high-grade copper assays from deep drilling, extending Lion deposit beyond previous limits.

Market News
22 Sep 2026
PRNewsWire
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Bullish
Power Metallic reports high-grade copper assays from deep drilling, extending Lion deposit beyond previous limits.

Power Metallic Mines announced new assay results from its Summer 2026 drill program, revealing high-grade copper and precious metals at depths up to 800 meters, well below previous resource estimates. The deep drilling confirmed that the Lion deposit extends significantly deeper and remains open for further expansion, with some intercepts showing copper equivalent grades up to 24.62%. This advancement supports the potential for a larger, economically viable deposit starting near the surface and continuing at depth. The company plans to release more assay results soon and aims to grow the resource substantially by the end of 2027.

Power Metallic Mines reported new deep drilling results showing high-grade copper and precious metals up to 800 meters deep. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Sep 22, 2026 13:11 WIB: 17 of 34 US stocks rose, 16 fell. Notable movers include NEM at USD 122.19 with a -0.70% change and 95% buy orders, SBSW at USD 11.06 with a -0.63% change and 99% buy orders, and DD at USD 129.70 with a +0.53% change and a typical hold time of 88 days.

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