Business
Premium Nickel Resources Reports Down Plunge Extension of Selebi North Massive Sulphide Mineralization
Toronto, Ontario--(Newsfile Corp. - March 5, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to report ad
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 5, 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 37 holes were released in seven separate news releases between November 14, 2023 and February 26, 2024. Results for a further five holes are released herein. To date a total of 42 holes have been released representing an aggregate of approximately 15,301 metres including the holes and metres released herein. 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/15387. Highlights include: SNUG-23-017 (drilled 180 metres down plunge and outside of the South Limb historic resource): 18.15 metres of 2.25% NiEq (1.27% Ni; 1.65% Cu; 0.06% Co) incl. 6.25 metres of 3.28% NiEq (2.34% Ni; 1.40% Cu; 0.11% Co) and 3.50 metres of 3.31% NiEq (1.06% Ni; 4.08% Cu; 0.05% Co) SNUG-24-089: Drilled 403 metres down-plunge and outside of the South Limb historic resource intersected massive sulphide mineralization (assays pending). Keith Morrison, CEO of PNRL, commented: \"The underground drilling at Selebi North is successfully advancing our NI 43-101 compliant Mineral Resource Estimate (\"MRE\"). In addition, it is providing new structural, geochemical and geological information to integrate with our Borehole Electromagnetic (\"BHEM\") electrical conductivity imaging supporting drilling down plunge mineralization below the legacy Selebi North resource block model. The success of this process continues to be proven with the results in SNU...