Premium Resources Drills 14.20m of 5.14% CuEq or 2.49% NiEq Outside of Selebi North MRE and Provides Drilling Program Update

About this update from Nexmetals Mining Corp.

[{"type":"text","content":"Premium Resources Drills 14.20m of 5.14% CuEq or 2.49% NiEq Outside of Selebi North MRE and Provides Drilling Program UpdateToronto, Ontario--(Newsfile Corp. - January 27, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) (\"PREM\" or the \"Company\") announces significant assay results for two holes that were drilled outside of the Mineral Resource Estimate (\"MRE\") at its past-producing nickel-copper-cobalt sulphide (\"Ni-Cu-Co\") Selebi North underground (\"SNUG\") mine in Botswana. The Company has commenced an underground exploration drilling program at Selebi North to test the deeper borehole electromagnetic (\"BHEM\") plates from N2 Limb and South Limb. The Company will continue to report on assay results from the extensive in-fill drilling program as they are received.Assays Highlight Potential for Resource Expansion:SNUG-24-172: South Limb (Outside Extents of MRE)                14.20 metres of 5.14% CuEq or 2.49% NiEq (1.73% Cu, 1.66% Ni, 0.08% Co) SNUG-24-144: down-dip of N2 (Outside Extents of MRE)               14.40 metres of 3.99% CuEq or 1.94% NiEq (1.44% Cu, 1.24% Ni, 0.06% Co) Sean Whiteford, President of Premium Resources International, commented: \"We are excited and encouraged by the exploration drill and assay results. This exploration drilling program is designed to increase the mineral resource of the Selebi North deposit by drill testing large, highly conductive BHEM plates located down plunge and interpreted to represent massive sulphide mineralization. These BHEM plates are situated outside the current resource estimate boundary.\"The exploration program will include two underground drills with one drill targeting the area between the N2 Limb and N3 Limb following up on results from hole SNUG-24-144 while the second drill will focus on testing 100 metres down plunge of the South Limb in the area that SNUG-24-172 was drilled (Figure 1). SNUG-24-144 intersected intermittent mineralization outside the current MRE wireframe and SNUG-24-172 intersected South Limb mineralization approximately 20 meters outside of the current MRE wireframe. Assay results for SNUG-24-144 and SNUG-24-172 reported herein are provided below in Table 1 and drill hole collar de...

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