Evrima Plc Investee Update: Premium Nickel Resources Assay Results

 
TIDMEVA 
 
19 August 2022 
 
                                  Evrima plc 
 
                          ("Evrima" or the "Company") 
 
 Investee Update: Premium Nickel Resources Ltd reports first Assay Results at 
  Its 100% Owned Selebi Mine in Botswana: 25.65 Metres of 0.95% Ni, 2.03% Cu 
 
Evrima is pleased to provide an update on its investee company, Premium Nickel 
Resources Ltd ("PNRL" or "Premium Nickel") (TSX-V: PNRL), in respect of the 
first assay results from Premium Nickel's 2022 diamond drilling program at its 
100% owned Selebi nickel-copper-cobalt sulphide Mine in Botswana. A link to the 
PNRL press release can be found here 
 
Evrima holds 1,114,115 shares in Premium Nickel, being the amalgamated company 
of North American Nickel Inc. and Premium Nickel Resources (a private Canadian 
company). 
 
The Selebi Mine Project 
 
PNRL is currently focusing its efforts on advancing its 100% owned flagship 
Selebi Mine in Botswana. The Selebi Mine Project is located in Botswana and 
consists of a single 10-year mining licence covering an area of 11,504 hectares 
located near the town of Selebi Phikwe, approximately 150 kilometres southeast 
of the city of Francistown, and 410 kilometres northeast of the national 
capital, Gaborone.  The Selebi Mine includes two shafts (Selebi, and Selebi 
North deposits) and related infrastructure (rail, power, and water). 
 
First Assay Results 
 
The Company's 2022 diamond drilling programme commenced March 14 2022, with 
approximately 8,366 metres of drilling having been completed as of August 16 
2022. Results have been received for the first 2022 drillhole and are reported 
herein. Assay results are pending from two additional target zone 
intersections. 
 
Initial drill hole SMD-22-001 was prioritized to test an off-hole borehole 
electromagnetic ("BHEM") target from sd140 identified by PNRL during the 
compilation and verification of historic data in 2021. Legacy drill hole sd140, 
completed in 2010, was aimed at following the down-dip extension of legacy 
drill hole sd119 that reported an estimated true thickness interval of 38.5 
metres averaging 1.58% Ni and 2.44% Cu, including 21.4 metres of 2.34% Ni and 
3.39% Cu at the Selebi deposit (see PNRL news release dated August 15 2022 here 
). Drill hole sd119 is located approximately 300 metres from the Selebi Mine 
underground infrastructure. 
 
SMD-22-001 intersected two intervals of amphibolite hosted Ni-Cu sulphides. The 
lower interval of massive sulphide mineralization coincides with the 
interpreted target depth of the sd140 off-hole EM plate. This new hole has 
returned potentially significant results including: 
 
  * SMD-22-001 (upper interval): 7.15 metres of 0.33% Ni, 0.82% Cu, 0.01% Co 
    and 2.23 ppm Ag. 
 
  * SMD-22-001 (lower interval): 25.65 metres of 0.95% Ni, 2.03% Cu, 0.04% Co 
    and 7.40 ppm Ag. 
 
      + Including 6.90 metres of 2.22% Ni, 3.76% Cu, 0.08% Co and 13.47 ppm Ag. 
 
      + and 3.25 metres of 0.87% Ni, 2.00% Cu, 0.04% Co and 6.54 ppm Ag. 
 
      + and 1.90 metres of 1.40% Ni, 0.76% Cu, 0.06% Co and 2.58 ppm Ag. 
 
The Directors of Evrima accept responsibility for this announcement. 
 
This announcement contains information which, prior to its disclosure, was 
inside information as stipulated under Regulation 11 of the Market Abuse 
(Amendment) (EU Exit) Regulations 2019/310 (as amended). 
 
                                     Ends - 
 
Enquiries  : 
 
Company: 
Burns Singh Tennent-Bhohi (CEO & Director): [e-mail] 
 
Simon Grant-Rennick (Executive Chairman): [e-mail] 
 
Novum Securities Limited (AQSE Corporate Adviser): 
 
David Coffman / Lucy Bowden: + 44 (0) 20 7399 9400 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 19, 2022 02:00 ET (06:00 GMT)