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Premium Nickel Reports 5.86% NiEq in Additional Assay and Provides Project Update at Selebi North Underground (0.45 Metres of 5.86% NiEq (4.53% Ni, 2.10% Cu, 0.16% Co))
"By the end of March, we will have completed the underground drilling at Selebi North that will b...
About this update from Nexmetals Mining Corp.
[{"type":"text","content":"Premium Nickel Reports 5.86% NiEq in Additional Assay and Provides Project Update at Selebi North Underground (0.45 Metres of 5.86% NiEq (4.53% Ni, 2.10% Cu, 0.16% Co))\"By the end of March, we will have completed the underground drilling at Selebi North that will be included in our maiden Selebi NI 43-101 Mineral Resource Estimate. The objective of the Selebi MRE, expected in June, is to provide the basis to support the rapid redevelopment of these deposits using the existing shafts and infrastructure. The mineralization continues down plunge and down dip from beyond the drilling to be reported in the MRE, which is evidenced in recent drilling, BHEM results and historic drilling.\" - CEO, Keith MorrisonToronto, Ontario--(Newsfile Corp. - March 27, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (\"PNRL\" or the \"Company\") is pleased to provide an update on activities and reports additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide (\"Ni-Cu-Co\") Selebi North underground (\"SNUG\") mine in Botswana. Previous results for 42 holes were released in eight separate news releases between November 14, 2023 and March 5, 2024. This release highlights results for a further one hole and also summarizes results to-date including a summary of all drillholes released thus far, for an aggregate total of 18,120 metres in 50 holes. Details of the assay results are shown below along with accompanying visuals (Figure 1, Figure 2, Figure 3 and Figure 4). Drill core photos for all highlighted holes released to date, including the holes reported herein, are accessible by Clicking Here and can also be found on the Company's website at www.premiumnickelresources.com. Highlights to-date include:Completion of $21.6 million financing to fund initial Mineral Resource Estimate (\"MRE\") on Selebi Main and Selebi North (see news release December 2023). More than 28,000 metres of drilling completed as of the date of this news release from seven underground drill bays at Selebi North.Repeatedly encountering massive sulphide mineralization when drilling within the historic resource (see historic resource).SNUG-23-053 (South Limb): 6.05 metres of 2.76% NiEq (1.95% Ni; 1.23% Cu; 0.11% Co)SNUG-23-054 (N3 Limb): 6.85 metres of 3.97% NiEq (2.72% Ni; 1.97% Cu; 0.15% Co)SNUG-23-055 (South Limb): 15.30 metres of...