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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was an upbeat 94-81-135 as the TSX Venture Exchange fell fractionally to 570. Keith Morrison's Premium Nickel Resources Ltd. (PNRL) lost six cents to 72 cents on 1.15 million shares.
Premium Nickel has more assays from drilling at Selebi North, a past-producing nickel mine in eastern Botswana. The new intersections include a 15.95-metre zone averaging 1.32 per cent nickel, 1.2 per cent copper and 0.07 per cent cobalt in the South Limb area, within a now historical resource estimate. A second hole averaged 2.43 per cent nickel, 2.19 per cent copper and 0.12 per cent cobalt over a lesser 6.7 metres, but that hit was 26 metres beyond the old resource.
Mr. Morrison, chief executive officer, was predictably pleased with the new assays. "We continue to see significant nickel, copper and cobalt grades within and down plunge of the historic resource," he enthused, noting that results for additional downplunge holes are pending, but should be in hand in time to be included in the company's coming resource calculation.
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