| 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 [email protected]% 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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