Premium Resources Files NI 43-101 Technical Report: Initial Mineral Resource Estimate of 44.2 MT for the Selkirk Mine in Botswana
Premium Resources (TSXV: PREM) (OTC Pink: PRMLF) has filed an initial Mineral Resource Estimate (MRE) for its past-producing Selkirk Nickel-Copper-Platinum Group Elements sulphide deposit in Botswana. The Technical Report, dated January 8, 2025, with an effective date of November 1, 2024, confirms the previously announced 44.2 MT resource estimate.
The report, prepared by SLR Consulting (Canada) in compliance with NI 43-101 standards, was verified through site visits that included inspection of historical mineralized core, gossanous outcrop examination, infrastructure assessment, and verification of drill hole locations. The technical content was reviewed and approved by qualified persons Valerie Wilson of SLR Consulting and Sharon Taylor, PREM's Vice President Exploration.
Risorse Premium (TSXV: PREM) (OTC Pink: PRMLF) ha presentato una stima iniziale delle risorse minerarie (MRE) per il suo passato produttivo giacimento di nickel-rame-elementi del gruppo del platino Selkirk in Botswana. Il Rapporto Tecnico, datato 8 gennaio 2025, con data di riferimento del 1 novembre 2024, conferma la stima delle risorse di 44,2 MT precedentemente annunciata.
Il rapporto, redatto da SLR Consulting (Canada) in conformità con gli standard NI 43-101, è stato verificato attraverso visite in loco che hanno incluso l'ispezione di campioni minerali storici, l'esame di affioramenti gossanosi, la valutazione delle infrastrutture e la verifica delle posizioni dei fori di perforazione. I contenuti tecnici sono stati esaminati e approvati da professionalità qualificate, tra cui Valerie Wilson di SLR Consulting e Sharon Taylor, Vicepresidente delle Esplorazioni di PREM.
Recursos Premium (TSXV: PREM) (OTC Pink: PRMLF) ha presentado una estimación inicial de recursos minerales (MRE) para su depósito de sulfuro de níquel-cobre-elementos del grupo del platino Selkirk de producción pasada en Botsuana. El Informe Técnico, con fecha del 8 de enero de 2025 y fecha efectiva del 1 de noviembre de 2024, confirma la estimación de recursos de 44,2 MT anunciada anteriormente.
El informe, preparado por SLR Consulting (Canadá) de acuerdo con los estándares NI 43-101, fue verificado a través de visitas al sitio que incluyeron la inspección de núcleos mineralizados históricos, el examen de afloramientos gossan, la evaluación de infraestructura y la verificación de las ubicaciones de los taladros. El contenido técnico fue revisado y aprobado por personas calificadas como Valerie Wilson de SLR Consulting y Sharon Taylor, Vicepresidenta de Exploración de PREM.
프리미엄 자원 (TSXV: PREM) (OTC Pink: PRMLF)는 보츠와나의 과거 생산 셀커크 니켈-구리-플래티넘 그룹 원소 황화광 매장량에 대한 초기 광물 자원 추정치(MRE)를 제출했습니다. 2025년 1월 8일자로 작성된 기술 보고서는 2024년 11월 1일을 기준으로 하며, 이전에 발표된 44.2 MT 자원 추정치를 확인합니다.
SLR Consulting(캐나다)에서 NI 43-101 기준에 따라 준비한 이 보고서는 역사적 광물 핵 샘플 검사, 고산암 노출 검사, 인프라 평가, 그리고 드릴 홀 위치 검증 등의 현장 방문을 통해 검증되었습니다. 기술 내용은 SLR Consulting의 Valerie Wilson과 PREM의 탐사 부사장 Sharon Taylor에 의해 검토되고 승인되었습니다.
Ressources Premium (TSXV: PREM) (OTC Pink: PRMLF) a déposé une première estimation des ressources minérales (MRE) pour son dépôt de sulfure de nickel-cuivre-éléments du groupe du platine Selkirk en production passée au Botswana. Le Rapport Technique, daté du 8 janvier 2025, avec une date d'effet du 1er novembre 2024, confirme l'estimation de ressources de 44,2 MT précédemment annoncée.
Le rapport, préparé par SLR Consulting (Canada) conformément aux normes NI 43-101, a été vérifié par des visites sur site comprenant l'inspection de carottes minéralisées historiques, l'examen d'affleurements gossan, l'évaluation des infrastructures et la vérification des localisations des trous de forage. Le contenu technique a été examiné et approuvé par des personnes qualifiées, parmi lesquelles Valerie Wilson de SLR Consulting et Sharon Taylor, Vice-présidente de l'exploration chez PREM.
Premium-Ressourcen (TSXV: PREM) (OTC Pink: PRMLF) hat eine erste Schätzung der Mineralressourcen (MRE) für sein früher produzierendes Selkirk Nickel-Kupfer-Platin-Gruppe-Elemente Sulfidevorkommen in Botswana eingereicht. Der technische Bericht, datiert auf den 8. Januar 2025, mit einem Stichtag vom 1. November 2024, bestätigt die zuvor angekündigte Ressourcenschätzung von 44,2 MT.
Der Bericht wurde von SLR Consulting (Kanada) gemäß den NI 43-101 Standards erstellt und durch Standortbesuche verifiziert, die die Inspektion historischer mineralisierter Kerne, die Prüfung von Gossanan outcrop, die Infrastrukturbeurteilung und die Überprüfung der Bohrlochstandorte umfassten. Der technische Inhalt wurde von qualifizierten Personen, namentlich Valerie Wilson von SLR Consulting und Sharon Taylor, Vizepräsidentin für Exploration bei PREM, überprüft und genehmigt.
- Confirmation of substantial 44.2 MT mineral resource estimate
- Independent verification and validation of resource estimate by qualified experts
- Existing infrastructure including underground ramp available at the site
- None.
Toronto, Ontario--(Newsfile Corp. - January 10, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ("PREM" or the "Company") is pleased to announce that the Company has filed an initial Mineral Resource Estimate ("MRE") titled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana" (the "Technical Report") and dated January 8, 2025 (with an effective date of November 1, 2024) on its past-producing Nickel-Copper-Platinum Group Elements sulphide ("Ni-Cu-PGE") Selkirk deposit in Botswana (the "Selkirk Mine").
There are no material differences between the Technical Report and the information presented in this news release, and the results disclosed in the Company's news release dated November 27, 2024 titled "Premium Resources Announces Initial Mineral Resource Estimate of 44.2 MT for the Selkirk Mine in Botswana".
The Technical Report has been prepared by SLR Consulting (Canada) Ltd. in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is available electronically on the Company's website at (www.premiumresources.com) and on SEDAR+ (www.sedarplus.ca) under PREM's issuer profile.
Qualified Persons
The initial MRE described in this news release was reviewed and approved by Valerie Wilson, M.Sc., P.Geo. (Ontario) SLR Consulting Ltd. Principal Resource Geologist, who is independent of PREM and a "qualified person" for purposes of NI 43-101.
Verification included a site visit to inspect historical mineralized core, explore the gossanous outcrop at surface, observe existing infrastructure, including the Selkirk underground ramp, and inspect several surface drillhole collar locations. In addition, all of the samples collected by PREM have been verified against independently accessed assay certificates and a random selection of historical database results have been compared against digital records.
The scientific and technical content of this news release has been reviewed and approved by Sharon Taylor, Vice President Exploration of the Company, who is a "qualified person" for the purposes of NI 43-101.
Technical Report
The MRE on the Selkirk Mine is supported by the Technical Report. Reference should be made to the full text of the Technical Report for the assumptions, qualifications and limitations set forth therein, a copy of which is available on SEDAR+ (www.sedarplus.ca) under PREM's issuer profile.
About Premium Resources Ltd.
PREM is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana.
PREM is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company's Selebi and Selkirk mines. PREM's senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.
For further information about Premium Resources Ltd., please contact:
Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334
Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to: the response to mineral resource estimates in Botswana; the support for the redevelopment of the Selkirk Mine from the Botswana Government and local stakeholders; the ability to upgrade the inferred mineral resources at Selkirk; the publication by the Company of a future preliminary feasibility study; the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selkirk Mine as currently contemplated; the ability of exploration activities (including drill results) to accurately predict mineralization; the timing and ability of the Company to publish an economic study; any discrepancies between the Technical Report and any scientific and technical information in this news release; the timing to release of remaining assay results; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selkirk Mine as currently contemplated; the ability of the Company to define additional or upgrade existing mineral resource estimates on the Selkirk Mine in accordance with NI 43-101; the productivity rates for mining at Selkirk; the ability to identify additional mineralization down plunge of existing workings and the ability of such findings to be used to complete a mineral resource estimate and/or to support further economic studies; the ability and timing of advancing the mining programs at the Selkirk Mine as contemplated (if at all); the ability to expand the resource potential at the Selkirk Mine; the results of the mining program at the Selkirk Mine and the timing and disclosures of the Company regarding same; the benefits of the Company's approach to exploration; management's belief that the Historic Resource could be indicative of the presence of mineralization on the deposits; and the anticipated benefits of the Company's approach to the resource development plan. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; the ability of exploration results to predict mineralization, prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.com) under PREM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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