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Premium Nickel Expands Deposit While Advancing Infill Drilling at Selebi North: Assays Include 26.35 Metres 4.31% CuEq OR 2.09% NiEq
"Ongoing underground drilling at Selebi North totaling approximately 20,000 metres has been compl...
About this update from Nexmetals Mining Corp.
[{"type":"text","content":"Premium Nickel Expands Deposit While Advancing Infill Drilling at Selebi North: Assays Include 26.35 Metres 4.31% CuEq OR 2.09% NiEq\"Ongoing underground drilling at Selebi North totaling approximately 20,000 metres has been completed, in addition to the approximately 30,000 metres reflected in the initial mineral resource estimate. Infill drilling is designed to upgrade classification in the mineral resource estimate from Inferred into Indicated, which is required for future Pre-Feasibility Studies. We are also preparing to move underground and start the process of infill drilling to upgrade the classification of the Selebi Main resources and expand on the deposit. With this data and potential future underground infrastructure development, we are better positioned to effectively evaluate additional upside potential between the known Selebi North and Selebi Main deposits.\"- CEO, Keith Morrison Toronto, Ontario--(Newsfile Corp. - September 5, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (\"PNRL\" or the \"Company\") announces additional high-grade assay results for a further six holes from drilling at its past-producing nickel-copper-cobalt sulphide (\"Ni-Cu-Co\") Selebi North underground (\"SNUG\") mine in Botswana. Highlights include:SNUG-24-106 (South Limb): infill drilling targeting re-classification of Inferred to Indicated Resources)26.35 metres of 4.31% CuEq or 2.09% NiEq (1.09% Cu, 1.56% Ni, 0.08% Co) incl. 16.10 metres of 5.87% CuEq or 2.84% NiEq (1.54% Cu, 2.10% Ni, 0.11% Co)SNUG-24-107 (South Limb): infill drilling targeting re-classification of Inferred to Indicated Resources)8.40 metres of 7.04% CuEq or 3.41% NiEq (2.64% Cu, 2.13% Ni, 0.11% Co)SNUG-24-096-W1 (South Limb and N2): intersected significant mineralization 100 metres down plunge of 2024 initial mineral resource estimate (\"MRE\"). Borehole electromagnetic (\"BHEM\") results pendingSNUG-24-146 (South Limb): infill drilling targeting re-classification of Inferred to Indicated Resources)This is the first set of assays not included in the MRE for the Selebi Mines in Botswana (see news released issued on August 8, 2024, titled: Premium Nickel Resources Ltd. Announces Its Initial Mineral Resource Estimate of 27.7 MT for the Selebi Mines in Botswana). Details of the assay results are shown below along with accompanying visuals (Figure 1, Figure 2 and Figur...