- Drill hole SNUG-25-184 intersected mineralization 183 metres down-plunge from the MRE marking a major step-out and opening new growth potential.
- Two strongly mineralized intervals (3.15 metres and 5.20 metres) were intersected within a broader 13.50 metre mineralized zone from 772.60 to 786.10 metres downhole; assays are pending.
Premium Resources Ltd. announces that it has successfully intersected significant mineralization at Selebi North Underground below the Mineral Resource Estimate confirming the down-plunge continuation of massive sulphides.
“We’re in the initial stage of demonstrating Selebi North’s full potential,” said Morgan Lekstrom, CEO. “This drill hole and the subsequent BHEM response reinforces that with every hole, we are proving that the system is larger and more dynamic than previously understood. With our new strategy fully underway, Selebi North and Selebi Main together have the potential to become one of Africa’s largest copper-nickel-cobalt operations and the foundation for a new, independent supply chain.”
Drill hole SNUG-25-184 targeted a modeled BHEM plate from SNUG-24-096-W1 (12.90 metres of 4.12% CuEq, 1.54% Cu, 0.95% Ni, 0.05% Co and 24.50 metres of 2.17% CuEq, 0.72% Cu, 0.67% Ni, 0.04% Co).
South Limb Mineralization was intersected in SNUG-25-184 between 772.60 and 786.10 metres. Two strongly mineralized sulphide intervals of 3.15 and 5.20 metres occur within the larger interval. Due to the size of the step out, true thickness is unknown at this point.
BHEM interpretation and next steps
The BHEM response in SNUG-25-184 indicates the presence of further conductive mineralization down-dip beyond the end of hole, supporting the continuation of South Limb down plunge. A building response beyond the end of the hole (hole surveyed to 860 metres prior to hole completion at 956 metres) corresponds to N2 mineralization intersected intermittently between 855 and 896 metres downhole.
Follow-up drilling is already underway, with drill hole SNUG-25-186 targeting approximately 130 metres down-plunge of SNUG-25-184 to further evaluate the continuity and scale of both the South Limb and N2 mineralized systems.
BHEM surveys
The BHEM surveys at Selebi utilize the Crone PEM system operated by local Batswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be invaluable because of the size of the highly conductive mineralized system.
