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Premium Nickel Resources Reports Additional Assays on Historic Core Samples and Update on Underground Grab Sample Assays from Selkirk Mine
Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - Premium Nickel Resources Ltd. (formerly, North American Nickel Inc.) (TSXV: PNRL) ("PNRL" or the "Compa
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - Premium Nickel Resources Ltd. (formerly, North American Nickel Inc.) (TSXV: PNRL) (\"PNRL\" or the \"Company\") is pleased to report additional assay results from the sampling of historic core and an update on an underground grab sampling program at its 100% owned Selkirk nickel-copper-cobalt-platinum group elements (\"Ni-Cu-Co-PGE\") sulphide Mine in Botswana. The Selkirk Mine is located 28 kilometres south-east of the town of Francistown, and 75 kilometres north of the Company's 100% owned Selebi Mine (being PNRL's flagship asset). The Company has been carrying out due diligence on the past-producing Selkirk Mine since 2021 to substantiate a redevelopment plan including the theoretical feasibility of producing separate nickel and copper concentrates with potentially significant PGE content. Recently, the Company announced that it had completed a concept-level metallurgical study in support of this concept (see news release of PNRL dated August 24, 2022) and, most recently, PNRL reported assay results for a historic 2016 drill hole DSLK278, being the source of the samples used for the concept-level metallurgical study (see news release of PNRL dated August 30, 2022). The Company assayed samples from a total of five historic drill holes from 2016 core extracted by the former operator, Tati Nickel Mining Company (\"TNMC\"), and results for three holes, DSLK277, 281 and 282 are reported herein. The assay results from drill hole DSLK278 were previously disclosed by PNRL and assay results are pending from one remaining hole (being DSLK283). In addition to the discovery of five unsampled historic drill holes, the Company examined underground workings and confirmed continuous visible sulphides along an exploration drift extending 144 metres across the interpreted primary sulphide horizon, in a southwestern direction from the previous mining operations. PNRL collected and submitted twenty 10 kg grab samples from this exploration drift for assay to determine the variability in the grade of the mineralization. Assays from the underground sample program are pending (See Figure 1: Historic Drill Hole Location & Underground Workings at the bottom of this news release). This Figure may also be viewed using the link provided at the end of this news release. Highlights of the core s...