Premium Nickel Resources Ltd (OTCMKTS:WSCRF) Stock Falls After Recent Development
Yesterday, Premium Nickel Resources Ltd (OTCMKTS:WSCRF) was in the news after the company made a major new announcement and it may bring the company’s stock into focus among investors this morning.
Trading Data
On Thursday, WSCRF stock fell 4.08% to $0.9728 with 23.11K shares, compared to its average volume 28.77K shares. The stock moved within a range of $0.9630 – 1.0118 after opening trade at $0.9893.
Premium Nickel Resources Ltd Announces Assay Results at Its 100% Owned Selebi Mine in Botswana Including: 6.80 Metres of 2.06% NiEq (1.28% Ni, 2.35% Cu, 0.04% Co), 4.65 Metres of 1.55% NiEq (1.10% Ni, 1.24% Cu, 0.04% Co)
The company made into focus yesterday after it reported more assay results from its 2022 diamond drilling program from the Selebi nickel-copper-cobalt sulphide mine located in Botswana. It ought to be noted that the mine is owned in its entirety by Premium Nickel Resources. It was back in August and September this year that the company had announced the results from the first three holes at the mine. The latest results were for four more holes at the mine.
In this particular phase of drilling, the company had done around 14815 metres of diamond drilling. Back on March 14 this year, Premium Nickel had started its work on the first phase of the drilling program. The latest phase of the drilling is focussed on a specific area on the Western dip edge at the mine.
That area of the mine had also been announced to be compliant with the South African Mineral Resource Committee back in 2016. It could be a good idea for investors to keep an eye on the stock today.
