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Premium Nickel Resources Announces Results of Recent Metallurgical Testing of Samples from Selebi and Selkirk Mines
Toronto, Ontario--(Newsfile Corp. - September 13, 2023) - Premium Nickel Resources Ltd. (TSXV: PNRL) ("PNRL" or the "Company") is pleased to announce the result
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 13, 2023) - Premium Nickel Resources Ltd. (TSXV: PNRL) (\"PNRL\" or the \"Company\") is pleased to announce the results of recent metallurgical testing of the Company's 100% owned nickel, copper, cobalt, platinum-group elements (\"Ni-Cu-Co-PGE\") Selkirk project and the nickel, copper, cobalt Selebi project, both of which are located in Botswana. The Selkirk Ni-Cu-Co-PGE deposit, located 75 kilometres north of PNRL's flagship Selebi Mine in Botswana, is a near surface deposit that has been extensively drilled by previous operators. The drill results and various historic estimates were reported in the technical report entitled \"NI 43-101 Technical Report, Selkirk Nickel Project, Northeast District, Republic of Botswana\", dated April 12, 2023 (with an effective date of March 31, 2023) (the \"Selkirk Technical Report\"), which was prepared for the Company by G Mining Services Inc. in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). Reference is made to the full text of the Selkirk Technical Report, a copy of which is available on SEDAR+ (www.sedarplus.com) under the Company's issuer profile and on the Company's website (www.premiumnickel.com). The historic estimates on the Selkirk Ni-Cu-Co-PGE deposit do not comply with NI 43-101 (see below under the heading \"Historic Estimates\"). As reported in the Selkirk Technical Report, there is a significant increase in total tonnage of historic estimates when the cut-off grade is lowered. Table 1 shows tonnage used by Worley Parsons Limited in 2016 using a lower cut-off grade of 0.20% Ni, and Table 2 shows the estimate using a lower cutoff of 0.10% Ni as documented by Gipronickel Institute in 2013. Table 1: Summary of 2016 Mineral Resource Estimates at Selkirk at a Lower Cut-off of 0.20% Ni Category M Tonnes Ni % Cu % Pt g/t Pd g/t Au g/t Measured 44.7 0.31 0.31 0.13 0.50 0.06 Indicated 7.4 0.38 0.28 0.23 0.24 0.06 TOTAL M & I 52.2 0.32 0.31 0.15 0.46 0.06 Inferred 24.0 0.24 0.04 0.06 0.07 0.02 Table 2: Selkirk Mineral Resources at a Lower Cut-off Grade of 0.10% Ni Material Type Category M Tonnes Ni% Cu% Pt g/t Pd g/t Au g/t Oxidized Measured 5.1 0.20 0.26 0.12 0.48 0.05 Indicated 0.01 0.15 0.14 0.05 0.18 0.04 M & I 5.1 0.20 0.26 0.12 0.48 0.05 Non-Oxi...