- Premium Resources Ltd. (PRMLF, Financial) reports an extension of the South Limb mineralization by 315 metres at the Selebi North Underground (SNUG) project.
- Drill hole SNUG-25-186 intersected 16.20 metres of mineralization, located 132 metres down-plunge from SNUG-25-184.
- Assay results for 2025 drill holes are anticipated in early July, promising further insights.
Premium Resources Ltd. (PRMLF) has announced substantial developments at its Selebi North Underground (SNUG) project. Recent drilling has identified an impressive extension of the South Limb mineralization, now reaching 315 metres beyond the previous boundaries of the 2024 resource model. A significant find includes drill hole SNUG-25-186, which intersected mineralization over 16.20 metres, located 132 metres down-plunge from the prior SNUG-25-184 hole.
Additionally, Borehole Electromagnetic (BHEM) surveys suggest a thicker mineralization layer exists northwest of SNUG-25-186. The existing resource has a down-plunge extent of 965 metres, and ongoing drill operations aim to expand this even further. Follow-up activities, including drill hole SNUG-25-189, are underway to explore the continuity and scale of the mineralized zones.
Premium Resources is utilizing advanced BHEM technology to guide precise drilling efforts. The company boasts strong mineral grades exceeding 3% Copper Equivalent (CuEq) in its current resource. The results of the 2025 drill holes are expected by early July and will be pivotal in understanding the project's full potential.
