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Premium Nickel Resources Reports Assays and More Mineralization Outside of Historic Resource at Selebi North Underground

(15.95 METRES OF 2.05% NiEq (1.32% Ni, 1.20% Cu, 0.07% Co) 6.70 METRES OF 3.74 % NiEq (2.43 % Ni, 2.19% Cu, 0.12% Co)) "Drilling continues to intercept minerali

articleNexmetals Mining Corp.April 17, 20244/company/nexmetals-mining-corp-1/news/premium-nickel-resources-reports-assays-and-more-mineralization-outside-of-historic-resource-at-selebi-north-underground
Premium Nickel Resources Reports Assays and More Mineralization Outside of Historic Resource at Selebi North Underground

About this update from Nexmetals Mining Corp.

[{"type":"text","content":" (15.95 METRES OF 2.05% NiEq (1.32% Ni, 1.20% Cu, 0.07% Co) 6.70 METRES OF 3.74 % NiEq (2.43 % Ni, 2.19% Cu, 0.12% Co)) \"Drilling continues to intercept mineralization outside of the known historic resource. Assays reported herein for holes SNUG-24-077 and 086a are outside of the historic resource in the down plunge direction. We continue to see significant nickel, copper and cobalt grades within and down plunge of the historic resource. Results for additional down plunge holes are pending and will be captured in the Company's pending MRE. Following the completion of MRE drilling, we will continue infill and exploratory drilling at Selebi North to expand and upgrade the classification of the resource. It is important to clarify that we are completing our Phase I and II drilling programs for the MRE because we believe we have identified sufficient mineralization to support future economic studies. Our focus will now transition to expanding the resource potential at the Selebi Mine.\" - CEO, Keith Morrison Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (\"PNRL\" or the \"Company\") is pleased to report additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide (\"Ni-Cu-Co\") Selebi North underground (\"SNUG\") mine in Botswana. Previous results for 43 holes were released in nine separate news releases between November 14, 2023 and March 27, 2024. This release highlights results for a further four holes. Details of the assay results are shown below along with accompanying visuals (Figure 1, Figure 2 and Figure 3). Drill core photos for all highlighted holes released to date, including the holes reported herein, are accessible by Clicking Here and can also be found on the Company's website at www.premiumnickelresources.com. To view the 3D modeling, please visit the following link https://vrify.com/decks/15736. Highlights include: SNUG-23-070 (South Limb, within historic resource): 15.95 metres of 2.05% NiEq (1.32% Ni, 1.20% Cu, 0.07% Co) incl. 8.80 metres of 3.03% NiEq (2.07% Ni, 1.53% Cu, 0.11% Co) SNUG-24-077 (South Limb, 26 metres down plunge of historic resource): 6.70 metres of 3.74 % NiEq (2.43% Ni, 2.19% Cu, 0.12% Co) SNUG-24-086a (South Limb/N2, 245 meters down plunge of N2 historic resource): 9.50 metres of 1.40% NiEq (1.15% Ni...

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