Premium Nickel Resources Ltd Announces Assay Results at Its 100% Owned Selebi Mine in Botswana Including: 6.80 Metres of 2.06% NiEq (1.28% Ni, 2.35% Cu, 0.04% Co), 4.65 Metres of 1.55% NiEq (1.10% Ni, 1.24% Cu, 0.04% Co)

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[{"type":"text","content":"Premium Nickel Resources Ltd Announces Assay Results at Its 100% Owned Selebi Mine in Botswana Including: 6.80 Metres of 2.06% NiEq (1.28% Ni, 2.35% Cu, 0.04% Co), 4.65 Metres of 1.55% NiEq (1.10% Ni, 1.24% Cu, 0.04% Co)Toronto, Ontario--(Newsfile Corp. - December 22, 2022) - Premium Nickel Resources Ltd. (TSXV: PNRL) (\"PNRL\" or the \"Company\") is pleased to report additional assay results from the Company's 2022 diamond drilling program at its 100% owned Selebi nickel-copper-cobalt (\"Ni-Cu-Co\") sulphide mine in Botswana.The Company previously released results from the first three holes SMD-22-001, SMD-22-002 and SMD 22-001-W1 (see news releases dated August 17 and September 13, 2022). Results have been received for an additional four drillholes, SMD-22-006a, SMD-22-006a-W2, SMD-22-007a and the extension of historic hole sd145x, and are reported herein (see Figure 1). Approximately 14,815 metres of diamond drilling has been completed to date at the Selebi Mine by PNRL in 2022. Notable highlights include:SMD-22-006a-W2 (upper interval): 9.80 metres of 1.56% NiEq (0.97% Ni, 1.74% Cu, 0.03% Co) including 6.80 metres of 2.06% NiEq (1.28% Ni, 2.35% Cu, 0.04% Co) SMD-22-006a-W2 (lower interval): 4.65 metres of 1.55% NiEq (1.10% Ni, 1.24% Cu, 0.04% Co) The Company's Phase 1 drilling program commenced on March 14, 2022, with the purpose of locating the Selebi Mine mineralized structures within the 3 km area located between the Selebi Mine historical mine workings to the south and the Selebi North Mine historic workings to the north (see Figure 1). This current phase of drilling is focused on an area at the western down dip edge of the historic 2016 South African Mineral Resource Committee (\"SAMREC\") compliant Selebi resource (Measured Mineral Resources of 0.37 Mt of 1.01% Ni and 2.19% Cu, Indicated Mineral Resources of 6.82 Mt of 1.05 % Ni and 2.29 % Cu, and Inferred Mineral Resources of 4.09 Mt of 0.86% Ni, which has not been prepared in accordance with NI 43-101, see \"Historical Estimate\"), as outlined in black on Figure 2, where the Company has shown that the mineralization has greater thicknesses and depth extent than those of the historic resource. Drilling included testing of an off-hole borehole electromagnetic (\"BHEM\") anomaly identified by PNRL in historic hole sd140, a 2010 drill hole located to the north and down p...

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