Premium Nickel Resources Ltd. Reports Additional Assay Results at Its 100% Owned Selebi Mine in Botswana: 6.40 metres of 0.52% NI, 2.63% CU, 1.51% NIEQ

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[{"type":"text","content":"Premium Nickel Resources Ltd. Reports Additional Assay Results at Its 100% Owned Selebi Mine in Botswana: 6.40 metres of 0.52% NI, 2.63% CU, 1.51% NIEQToronto, Ontario--(Newsfile Corp. - September 13, 2022) - Premium Nickel Resources Ltd. (TSXV: PNRL) (formerly, North American Nickel Inc.) (\"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's 2022 diamond drilling program commenced March 14, 2022, with approximately 8,958 metres of drilling completed as of September 5, 2022. Assay results have been received for an additional two drillholes, SMD-22-001-W1 and SMD-22-002 and are reported herein. Initial drill hole SMD-22-001 was prioritized to test an off-hole borehole electromagnetic (\"BHEM\") target from historical hole sd140 identified by PNRL during the compilation and verification of historic data in 2021. This initial hole was previously released and intersected two intervals of amphibolite hosted Ni-Cu sulphide mineralization (see news release dated August 17, 2022). SMD-22-001-W1 is a wedge hole that intersected two intervals of mineralization located 85 metres from SMD-22-001 in the direction of historic hole sd119. Hole SMD-22-002 pierced mineralized amphibolite 110 metres down-dip of sd119 and is interpreted to be located west of the fold structure that contains thick intervals of massive sulphides (figure 1). SMD-22-001-W1 intersected two intervals of amphibolite hosted Ni-Cu sulphides. This new hole has returned potentially significant results including:SMD-22-001-W1 (upper interval): 4.35 metres of 0.98% Ni, 1.61% Cu, 0.02% Co and 4.69 g/t Ag (1.59% NiEq)SMD-22-001-W1 (lower interval): 12.55 metres of 0.39% Ni, 1.99% Cu, 0.02% Co and 5.42 g/t Ag (1.14% NiEq)Including 6.40 metres of 0.52% Ni, 2.63% Cu, 0.03% Co & 7.49 g/t Ag (1.51% NiEq)Keith Morrison, CEO, commented: \"A SAMREC compliant resource was calculated for the Selebi Mine in 2016 that included Measured and Indicated Mineral Resources of 7.19 Mt of 1.05 % Ni and 2.28 % Cu and Inferred Mineral Resourced of 4.09 Mt of 0.86% Ni and 1.21 % Cu (see \"Technical Report\"). Due to the location of drilling completed by the previous operator at that time, the volume contained...

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