Premium Nickel Resources Ltd (PNRLF)

[dj4321]

Yes,

The Imiak Hill Complex hosts 3 Ni grade pipes within a 1 sq triangular km radius.

The company will be drilling those 3 pipes in 2014.

I expect that those 3 pipes is where the initial tonnage will be derived from.

It's a large 70km belt, so there should be other high grade discoveries along the way in 2014.

Also fyi,


Nickel Heads for Bull Market on Risk of Further Russia Sanctions

By Alex Davis and Jae Hur Mar 17, 2014 10:05 PM ET

Nickel climbed the most in two weeks and headed toward a bull market as an export ban by Indonesia and the risk of sanctions against Russia raised concern that supplies will be crimped.

The metal for delivery in three months in London rose as much as 2.2 percent to $16,225 a metric ton and traded at $16,205 at 10:47 a.m. Hong Kong time. A settlement of $15,942 would be 20 percent higher than the Nov. 27 closing low, meeting the common definition of a bull market.

The U.S. and the European Union imposed sanctions on Russian and Ukrainian government officials yesterday, with the U.S. threatening further measures if Russia doesn’t pull back from Crimea. Russia’s OAO GMK Norilsk Nickel is the world’s biggest nickel producer.

“It’s all about supply concern, with escalating tensions between Ukraine and Russia,” said Hiroyuki Kikukawa, the general manager of research at Nihon Unicom Inc. in Tokyo.

The metal has gained 17 percent since the start of the year after Indonesia banned exports of raw ore on Jan. 12 in an effort to foster domestic processing.

Copper in London advanced 0.8 percent to $6,531.75 a ton while Comex copper futures for May delivery rose 1 percent to $2.981 a pound. In Shanghai the contract for June increased 2.2 percent to 45,170 yuan($7,306) a ton.

On the LME, aluminum, lead, nickel, zinc and tin all climbed.

To contact the reporters on this story: Alex Davis in Hong Kong at [e-mail]; Jae Hur in Tokyo at [e-mail]

To contact the editors responsible for this story: Brett Miller at [e-mail] Jarrett


Bllomberg