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Premium Nickel to reopen Selebi mine in Botswana

Premium Nickel Resources has revealed plans to reopen the Selebi nickel-copper-cobalt project in Botswana. The Selebi Mine Project covers an area of 11,504 ha located south of the town of Selebi Phikwe. With a population of approximately 52,000, the town is located roughly 410 km northeast of the national capital, Gaborone and 150 km southeast of Francistown.

Premium wants to re-open the mine as well as its past-producing Selkirk mine about 75 km to the north. Botswana parastatal company BCL ran Selebi and acquired Selkirk, which had been run by Russia’s Norilisk Nickel, shortly before BCL failed in 2016.

Selebi Mine

The Toronto-based company acquired the project, in January and is aiming to find links between the Selebi north and south deposits, which are separated by about 3 km. The firm noted that drill results at its Selebi nickel-copper-cobalt project in Botswana advance the concept that two past-producing deposits there are connected at depth. Highlights are diamond drill hole SMD-22-006a-W2, which cut 9.8 metres from 1,581.5 metres down hole grading 0.97% nickel, 1.74% copper and 0.03% cobalt for 1.56% nickel equivalent, including 6.80 metres grading 1.28% nickel, 2.35% copper and 0.04% cobalt for 2.06% nickel equivalent.

The same hole also returned 4.65 metres from 1,639.8 metres depth grading 1.1% nickel, 1.24% copper and 0.04% cobalt for 1.55% nickel equivalent. It’s the first time Premium has found significant widths and grades in this deeper interval. The latest assays follow other drill results released in September and August. Drilling down-dip to the west intercepted thicker intervals of mineralization than reported in 2016 by previous owners.

“Selebi Mine could be a single continuous mineralized system. The borehole geophysics has been very successful in imaging highly conductive metallic mineralization along the down-dip structure possibly joining the two deposits,” said CEO Keith Morrison.

 

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