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Premium Nickel Resources Ltd. Announces Its Initial Mineral Resource Estimate of 27.7 MT for the Selebi Mines in Botswana
Selebi Main Deposit     Inferred Mineral Resource Estimate of 18.89 million ton...
About this update from Nexmetals Mining Corp.
[{"type":"text","content":"Premium Nickel Resources Ltd. Announces Its Initial Mineral Resource Estimate of 27.7 MT for the Selebi Mines in Botswana Selebi Main Deposit    Inferred Mineral Resource Estimate of 18.89 million tonnes at 3.51% CuEq or 1.70% NiEq.Contained metal Inferred - 165,000 tonnes nickel and 319,000 tonnes copper. Selebi North Deposit    Indicated Mineral Resource Estimate of 3.00 million tonnes at 2.92% CuEq or 1.42% NiEq.Contained metal Indicated - 29,000 tonnes nickel and 27,000 tonnes copper.   Inferred Mineral Resource Estimate of 5.83 million tonnes at 3.11% CuEq or 1.51% NiEq.Contained metal Inferred - 62,000 tonnes nickel and 52,000 tonnes copper.Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (\"PNRL\" or the \"Company\") is pleased to report an initial Mineral Resource Estimate (\"MRE\") with an effective date of June 30, 2024, prepared in accordance with CIM (2014) Definitions Standards incorporated in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"), on its past-producing nickel-copper sulphide (\"Ni-Cu \") Selebi Main deposit and its Selebi North deposit (together, the \"Selebi Mines\") in Botswana. The completed NI 43-101 Technical Report, once finalized, will be filed on SEDAR+ (www.sedarplus.ca) under PNRL's issuer profile within 45 days of the date of this news release. Details of the MRE are shown below along with accompanying tables (Tables 1 through 3) and visuals (Figure 1, Figure 2, Figure 3 and Figure 4). The updated corporate presentation is accessible by clicking here and can also be found on the Company's website at www.premiumnickel.com. To view the 3D modeling, please visit the following link https://vrify.com/decks/16485. Key Takeaways The Selebi Main MRE tonnage is 67% larger than the Historic Resource (as defined herein). In part, the increase in tonnes can be attributed to increased resource thickness in the southeast portion of the deposit and the inclusion of a separate lower domain that was not classified as part of the historic resources by the former operator. The Selebi North MRE tonnage is 90% larger than the Historic Resource. In part, this increase can be attributed to PNRL'S drilling success extending mineralization below the N2, N3, and South Limb up to 400 metres beyond ...