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Premium Nickel Resources Reports Assays on Historic Core Samples from Selkirk Property and Bulk Tonnage Open Pit Potential
Toronto, Ontario--(Newsfile Corp. - August 30, 2022) - Premium Nickel Resources Ltd. (TSXV: PNRL) (formerly, North American Nickel Inc.) ("Premium Nickel" or th
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 30, 2022) - Premium Nickel Resources Ltd. (TSXV: PNRL) (formerly, North American Nickel Inc.) (\"Premium Nickel\" or the \"Company\") is pleased to report the first assay results from historic 2016 core sampling and provide an update on 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. The Selkirk Mine was acquired through an asset purchase agreement with the liquidator of Tati Nickel Mining Company (\"TNMC\") (see the Company's news release dated August 22, 2022). The Company has been carrying out due diligence on the project since 2021 for the purpose of supporting a redevelopment plan for the Selkirk Mine. Most recently, the Company announced that it had completed a concept level metallurgical study that demonstrated the theoretical feasibility of producing separate nickel and copper concentrates with potentially significant PGE content (see the Company's news release dated August 24, 2022). The samples submitted for the 2021 metallurgical study were obtained from unsampled 2016 TNMC core from drill hole DSLK278. DSLK278 is positioned 50 metres away from the previous underground production workings. The position of the hole can be viewed on figure 1. The Company assayed a total of five historic TNMC drill holes and assay results are pending from four remaining holes. The assay results from drill hole DSLK278 are reported herein. Highlights include: DSLK278: 139.52 metres grading 0.46% nickel, 0.54% copper, 0.03% cobalt, 0.210 g/t platinum, 0.888 g/t palladium, 0.093 g/t gold, incl. 24.0 metres grading 0.64% nickel, 0.64% copper, 0.03% cobalt, 0.289 g/t platinum, 1.139 g/t palladium, 0.116 g/t gold, and 4.0 metres grading 0.90% nickel, 0.58% copper, 0.05% cobalt, 0.373 g/t platinum, 1.664 g/t palladium, 0.096 g/t gold, and 8.0 metres grading 0.62% nickel, 1.00% copper, 0.03% cobalt, 0.318 g/t platinum, 1.183 g/t palladium, 0.193 g/t gold Keith Morrison, CEO, commented: \"The Selkirk Mine was operated as a high-grade underground mine by Anglo American from 1989 to 2002. This news release summarizes the subsequent technical work completed by previous operators to re-dev...