Announcement Date: 2022-11-15
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: Premium Nickel Resources Ltd.
Project name: Selkirk
Location: Botswana
Commodities: PGM,Copper,Nickel,Cobalt
Highlight: Core sampling assay results incl.@0.25% Ni, 0.28% Cu, 0.01% Co, 0.125g/t Pt, 0.594g/t Pd and 0.046g/t Au
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario–(Newsfile Corp. – November 15, 2022) – PremiumNickel Resources Ltd. (formerly, North American Nickel Inc.) (TSXV: PNRL) (“PNRL” or the “Company”) is pleased to provide an update on its underground grab sampling program, as well as additional assay results from the sampling of historic core at its 100% owned Selkirk nickel-copper-cobalt-platinum group elements (“Ni-Cu-CoPGE”) sulphide mine in Botswana. The past-producing Selkirk Mine is located 28 kilometres south-east of the town of Francistown, Botswana and 75 kilometres north of the Company’s 100% owned flagship asset, Selebi Mine. The Company has been carrying out due diligence on the past-producing Selkirk Mine since 2021 to substantiate a plan for its redevelopment, including the 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 process (see news release of the Company dated August 24, 2022).
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