Power Metallic Mines Inc reported new assay results from deep drilling at its Lion deposit, intersecting high-grade copper sulphides over 25% deeper than previously recorded. The deepest hole reached nearly 800 meters vertical depth, confirming that the deposit extends well below the current resource estimate. This discovery highlights the potential for a larger, richer resource, as mineralization starts near the surface and continues at depth, making it economically attractive. The company plans to continue exploration through 2027 to expand the resource further.
Power Metallic's deep copper discovery coincides with a mixed Basic Materials sector on Pluang, where 17 of 38 US stocks rose and 19 fell as of Sep 22, 2026 18:51 WIB. Notable movers include MT at USD 73.40 with a 1-day change of +1.19% and balanced Pluang order activity, EXK at USD 10.01 down 1.18% with 100% buy orders, and DOW at USD 27.99 down 0.99% with predominantly sell orders. This snapshot provides context for those following developments in mining and materials.
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