NexMetals Re-Assays Return 107 Metres of 0.94% CuEq Including 0.99% CuEq over 91 Metres Showing Sizeable Continuity of Mineralization at Selkirk
NexMetals Mining (TSXV: NEXM) has announced significant re-assay results from its ongoing 34-hole resampling program at the past-producing Selkirk Mine in Botswana. The program revealed notable intercepts including 107.0 metres of 0.94% CuEq (including 91.00 metres of 0.99% CuEq) in hole DSLK129 within the current mineral resource estimate (MRE), and 123.1 metres of 0.47% CuEq in hole DSLK130 outside the MRE but within the conceptualized pit shell.
The results demonstrate potential for deposit expansion, particularly as historical drill holes were inconsistently analyzed for Platinum Group Elements (PGEs). The current cut-off of US $25.00 per tonne net smelter return translates to 0.46% CuEq, suggesting any material above this grade could be potentially mined.
[ "Strong mineralization confirmed with 107.0 metres of 0.94% CuEq within the MRE", "Additional mineralization discovered outside MRE but within pit shell showing expansion potential", "Near-surface mineralization supports potential for open-pit development", "PGE values previously untested show promise for resource expansion" ]NexMetals Mining (TSXV: NEXM) ha comunicato risultati significativi dalle rianalisi di 34 sondaggi in corso presso la ex miniera Selkirk in Botswana. Il programma ha evidenziato intersezioni importanti, tra cui 107,0 metri a 0,94% CuEq (inclusi 91,00 metri a 0,99% CuEq) nel foro DSLK129 all'interno dell'attuale stima delle risorse minerarie (MRE) e 123,1 metri a 0,47% CuEq nel foro DSLK130 al di fuori della MRE ma all'interno del profilo concettuale della cava.
I risultati indicano potenziale di espansione del deposito, soprattutto perché i sondaggi storici non erano stati analizzati in modo uniforme per gli elementi del gruppo del platino (PGE). Il corrente cut-off di 25,00 USD per tonnellata di reso netto di fusione corrisponde a 0,46% CuEq, suggerendo che qualsiasi materiale con grado superiore a questa soglia potrebbe essere potenzialmente sfruttabile.
- Confermata forte mineralizzazione con 107,0 metri a 0,94% CuEq all'interno della MRE
- Ulteriore mineralizzazione individuata al di fuori della MRE ma entro il profilo della cava, a indicare potenziale di espansione
- Mineralizzazione poco profonda che supporta la possibilità di sviluppo a cielo aperto
- I valori di PGE, precedentemente non testati, mostrano prospettive per l'ampliamento della risorsa
NexMetals Mining (TSXV: NEXM) ha anunciado resultados significativos de reensayos en un programa en curso de 34 perforaciones en la antigua mina Selkirk en Botsuana. El programa reveló interceptaciones destacadas, incluyendo 107,0 metros de 0,94% CuEq (incluidos 91,00 metros de 0,99% CuEq) en el pozo DSLK129 dentro de la estimación actual de recursos minerales (MRE), y 123,1 metros de 0,47% CuEq en el pozo DSLK130 fuera de la MRE pero dentro del cascarón conceptual de la mina a cielo abierto.
Los resultados muestran potencial de expansión del depósito, especialmente porque los taladros históricos no se analizaron de forma consistente para los elementos del grupo del platino (PGE). El corte actual de 25,00 USD por tonelada de retorno neto de fundición equivale a 0,46% CuEq, lo que sugiere que cualquier material por encima de este grado podría ser potencialmente explotable.
- Mineralización fuerte confirmada con 107,0 metros a 0,94% CuEq dentro de la MRE
- Mineralización adicional detectada fuera de la MRE pero dentro del cascarón de la pala, mostrando potencial de expansión
- Mineralización cerca de la superficie que respalda la viabilidad de desarrollo a cielo abierto
- Los valores de PGE, previamente no probados, muestran promesa para la ampliación del recurso
NexMetals Mining (TSXV: NEXM)는 보츠와나의 과거 생산 광산인 셀커크(Selkirk) 광산에서 진행 중인 34개 재시추(재분석) 프로그램의 유의미한 재분석 결과를 발표했습니다. 이 프로그램은 현재 자원 추정(MRE) 내의 DSLK129 공에서 107.0미터 구간에 0.94% CuEq(그중 91.00미터 구간에 0.99% CuEq)를 포함한 주목할 만한 관입과, MRE 외부이지만 개념적 채굴 구덩이 범위 내의 DSLK130 공에서 123.1미터에 0.47% CuEq를 확인했습니다.
결과는 매장량 확장 가능성을 시사합니다. 특히 과거 시추 구멍들은 백금군 원소(PGE)에 대해 일관되게 분석되지 않았습니다. 현재 톤당 정광순환 후 순수익(Net smelter return) 컷오프는 미화 25.00달러로 이는 0.46% CuEq에 해당하며, 이 등급을 상회하는 물질은 잠재적으로 채굴 대상이 될 수 있음을 의미합니다.
- MRE 내에서 107.0미터 구간에 0.94% CuEq로 강한 광화 확인
- MRE 밖이지만 채굴 구덩이 범위 안에서 추가 광화 확인으로 확장 가능성 시사
- 근지표 부의 광화는 노천개발 가능성을 뒷받침
- 이전에 검사되지 않았던 PGE 값이 자원 확장의 가능성을 보여줌
NexMetals Mining (TSXV: NEXM) a annoncé des résultats de ré-analyses significatifs issus de son programme en cours de ré-échantillonnage de 34 forages sur l'ancienne mine de Selkirk au Botswana. Le programme a révélé des intersections notables, notamment 107,0 mètres à 0,94% CuEq (dont 91,00 mètres à 0,99% CuEq) dans le trou DSLK129 à l'intérieur de l'estimation actuelle des ressources minérales (MRE), et 123,1 mètres à 0,47% CuEq dans le trou DSLK130 en dehors de la MRE mais à l'intérieur du enveloppe conceptuelle de la fosse.
Les résultats démontrent un potentiel d'expansion du gisement, d'autant plus que les forages historiques n'ont pas été analysés de manière cohérente pour les éléments du groupe du platine (PGE). Le seuil actuel de coupure de 25,00 USD par tonne de revenu net de fusion correspond à 0,46% CuEq, ce qui suggère que tout matériau au-dessus de ce grade pourrait être potentiellement exploitable.
- Minéralisation forte confirmée : 107,0 mètres à 0,94% CuEq à l'intérieur de la MRE
- Minéralisation supplémentaire détectée en dehors de la MRE mais dans l'enveloppe de la fosse, montrant un potentiel d'expansion
- Minéralisation près de la surface favorable au développement en carrière à ciel ouvert
- Les valeurs en PGE, auparavant non testées, sont prometteuses pour l'expansion de la ressource
NexMetals Mining (TSXV: NEXM) hat bedeutende Nachanalyse-Ergebnisse aus seinem laufenden 34-Bohrlöcher-Resampling-Programm der früher produzierenden Selkirk-Mine in Botswana bekannt gegeben. Das Programm ergab bemerkenswerte Abschnitte, darunter 107,0 Meter mit 0,94% CuEq (einschließlich 91,00 Meter mit 0,99% CuEq) in Bohrloch DSLK129 innerhalb der aktuellen Mineralressourcenschätzung (MRE) und 123,1 Meter mit 0,47% CuEq in Bohrloch DSLK130 außerhalb der MRE, aber innerhalb der konzeptionellen Tagebauhülle.
Die Ergebnisse zeigen ein Potenzial zur Erweiterung der Lagerstätte, zumal historische Bohrlöcher nicht einheitlich auf Platingruppenelemente (PGE) analysiert wurden. Der aktuelle Cut-off von 25,00 USD pro Tonne Net Smelter Return entspricht 0,46% CuEq, was darauf hindeutet, dass Material oberhalb dieses Grades potenziell abbaubar sein könnte.
- Starke Mineralisierung bestätigt: 107,0 Meter mit 0,94% CuEq innerhalb der MRE
- Zusätzliche Mineralisierung außerhalb der MRE, aber innerhalb der Tagebauhülle — Erweiterungspotenzial
- Nahe der Oberfläche liegende Mineralisierung unterstützt die Möglichkeit eines Tagebaus
- Früher nicht getestete PGE-Werte deuten auf Chancen zur Ressourcenerweiterung hin
- None.
- None.
Insights
NexMetals' re-assay results reveal significant mineralization expansion potential at Selkirk, strengthening the economic viability of an open-pit development.
The re-assay results from NexMetals' Selkirk project demonstrate substantial mineralization continuity both within and outside the current mineral resource estimate (MRE). The standout intercept of
Equally important is hole DSLK130's
The program's strategic inclusion of platinum group elements (PGEs) in the assays addresses a historical inconsistency in the project's evaluation. These metals contribute significantly to the overall economics, with palladium and platinum values consistently above
The consistent mineralization across multiple holes (DSLK018, DSLK089, DSLK112, DSLK129, DSLK130) establishes a pattern of broad mineralized zones rather than isolated pockets, suggesting a cohesive deposit amenable to bulk mining methods. With only 6 of 34 planned resampling holes reported, there remains significant potential for further resource expansion as additional results become available.
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company") announces re-assay results from an initial 6 holes of its ongoing 34 hole resampling program at the past-producing Copper, Nickel, Cobalt and Platinum Group Elements ("Cu-Ni-Co-PGE") Selkirk Mine in Botswana.
Highlights: Adding Value and Expansion Potential
- The initial re-assay results confirm large intercepts of mineralization within the current mineral resource estimate ("MRE") as well as outside of the MRE and within the conceptualized pit shell demonstrating potential for expansion of the deposit.
- DSLK129 - within the MRE
- 107.0 metres of
0.94% CuEq (0.35% Cu,0.31% Ni, 0.56 ppm Pd, 0.13ppm Pt)
- 107.0 metres of
Incl. 91.00 metres of
- DSLK130 - outside of the MRE but within the conceptualized pit shell
- 123.1 metres of
0.47% CuEq (0.13% Cu,0.16% Ni, 0.34 ppm Pd, 0.09 ppm Pt)
- 123.1 metres of
- In the past, historical drill holes were inconsistently analyzed for PGEs. The additional value of the PGEs has the potential to expand the MRE.
- Current cut-off of US
$25.00 per tonne net smelter return defined in the MRE translates to0.46% CuEq. Any material above this cut-off grade could be potentially mined.
Figure 1: Location 2025 Resampled drill holes and MRE
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/264220_87dfce9ba4447bc0_002full.jpg
Morgan Lekstrom, CEO of the Company, commented: "These early results from Selkirk confirm what we have believed from the beginning, that the deposit is far from being fully defined. The fact that mineralization starts near surface provides even more confidence in Selkirk's potential for open-pit development. Importantly, the re-assay program also includes the PGEs that were incompletely tested, and those results are already highlighting the potential to expand the MRE. With ongoing assay results, we are only beginning to see the scale of what Selkirk can become."
Assay results are reported below in Table 1 and drill hole collar details are provided in Table 2.
Table 1: Assay Results Selkirk Deposit
| HOLE ID | FROM (m) | TO (m) | 1LENGTH (m) | Cu (%) | Ni (%) | Co (%) | Pd (ppm) | Pt (ppm) | Au (ppm) | 2CuEq (%) |
| DSLK018 | 18.00 | 30.60 | 12.60 | 0.24 | 0.19 | 0.01 | 0.36 | 0.07 | 0.03 | 0.61 |
| DSLK018 | 74.00 | 132.60 | 58.60 | 0.27 | 0.26 | 0.01 | 0.50 | 0.12 | 0.05 | 0.78 |
| incl. | 74.00 | 110.70 | 36.70 | 0.27 | 0.28 | 0.01 | 0.56 | 0.13 | 0.05 | 0.83 |
| DSLK018 | 162.00 | 207.00 | 45.00 | 0.28 | 0.26 | 0.01 | 0.67 | 0.14 | 0.07 | 0.87 |
| DSLK018 | 213.90 | 220.00 | 6.10 | 0.36 | 0.38 | 0.02 | 0.69 | 0.15 | 0.05 | 1.09 |
| DSLK018 | 239.00 | 244.00 | 5.00 | 0.41 | 0.27 | 0.01 | 0.55 | 0.12 | 0.06 | 0.96 |
| DSLK018 | 269.50 | 277.15 | 7.65 | 0.39 | 0.33 | 0.02 | 0.58 | 0.13 | 0.06 | 1.01 |
| DSLK087 | 108.00 | 119.00 | 11.00 | 0.13 | 0.13 | 0.01 | 0.23 | 0.05 | 0.03 | 0.37 |
| DSLK089 | 109.00 | 147.60 | 38.60 | 0.17 | 0.18 | 0.01 | 0.39 | 0.09 | 0.06 | 0.54 |
| incl. | 109.00 | 123.00 | 14.00 | 0.19 | 0.21 | 0.01 | 0.45 | 0.11 | 0.08 | 0.62 |
| and | 141.50 | 147.60 | 6.10 | 0.31 | 0.32 | 0.01 | 0.68 | 0.13 | 0.05 | 0.96 |
| DSLK112 | 26.20 | 66.00 | 39.80 | 0.26 | 0.25 | 0.01 | 0.54 | 0.12 | 0.05 | 0.78 |
| DSLK129 | 207.00 | 314.00 | 107.00 | 0.35 | 0.31 | 0.02 | 0.56 | 0.13 | 0.06 | 0.94 |
| DSLK129 | 207.00 | 298.00 | 91.00 | 0.36 | 0.33 | 0.02 | 0.58 | 0.13 | 0.06 | 0.99 |
| DSLK130 | 27.90 | 288.00 | 260.10 | 0.18 | 0.19 | 0.01 | 0.39 | 0.09 | 0.03 | 0.58 |
| 3incl | 27.90 | 151.00 | 123.10 | 0.13 | 0.16 | 0.01 | 0.34 | 0.09 | 0.03 | 0.47 |
| 3incl | 80.00 | 106.00 | 26.00 | 0.18 | 0.19 | 0.01 | 0.38 | 0.10 | 0.03 | 0.56 |
| 3incl. | 165.00 | 183.00 | 18.00 | 0.24 | 0.26 | 0.01 | 0.53 | 0.11 | 0.04 | 0.76 |
| and | 229.00 | 283.00 | 54.00 | 0.29 | 0.26 | 0.01 | 0.55 | 0.12 | 0.05 | 0.83 |
1Length refers to drillhole length and not true width.
2CuEq% calculated using the formula Cu% + Ni%*(55.605/53.913) + Pd g/t*(22.948/53.913) + Pt g/t*(14.891/53.913) using metal prices and recoveries listed in the 2025 Technical Report.
3Interval is outside MRE but inside the conceptualized pit.
Table 2: Drill Collar Information Selkirk Deposit
| HOLE ID | 1Easting | 1Northing | 1Elevation | Dip | Azimuth | Hole Length (m) |
| DSLK018 | 575402.3 | 7642550.6 | 988.1 | -70 | 35 | 346.97 |
| DSLK087 | 575540.4 | 7642983.1 | 997.8 | -70 | 35 | 189.23 |
| DSLK089 | 575433.3 | 7642362.0 | 982.0 | -70 | 34 | 192.20 |
| DSLK112 | 575666.4 | 7642840.2 | 998.0 | -55 | 311 | 182.45 |
| DSLK129 | 575221.0 | 7642370.6 | 981.9 | -70 | 30 | 457.55 |
| DSLK130 | 575266.2 | 7642332.3 | 981.0 | -86 | 155 | 384.48 |
1Coordinates are WGS84z35S with geoidal elevations
Technical Report
The MRE on the Selkirk Mine is supported by the Technical Reports entitled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with an effective date of November 1, 2024 and "NI 43-101 Technical Report, Selkirk Nickel Project, Northeast District, Republic of Botswana" dated April 12, 2023 (with an effective date of March 31, 2023). Reference should be made to the full text of the Technical Reports for the assumptions, qualifications and limitations set forth therein, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.
Quality Control
Historic drill core samples are NQ (47.6 mm diameter) that were previously sawn in half. All current samples are ½ core samples that were previously retained for reference purposes. Samples are generally 1 metre in length and do not correspond to the historic sample intervals. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81).
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.
NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.
For further information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com
Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Follow Us
X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorp
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to, the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selkirk Mine as currently contemplated; the Company's goal of validating legacy data and generating new intercepts to support an updated resource model; the Company's intention of completing an updated MRE; the release of metallurgical testing results and the expected timing thereof; anticipated upgrades to existing mineral resource estimates on the Selkirk Mine in accordance with NI 43-101; management's belief that historical resources could be indicative of the presence of mineralization on the deposits; and the anticipated benefits of the Company's approach to its resource development plan. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability of exploration results to predict mineralization; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264220
FAQ
What were the key findings from NexMetals' (NEXM) Selkirk Mine re-assay results?
Where is NexMetals' Selkirk Mine located and what minerals are being explored?
What is the current cut-off grade for NexMetals' (NEXM) Selkirk project?
How many drill holes are included in NexMetals' (NEXM) resampling program?
What is the significance of PGE testing in NexMetals' (NEXM) Selkirk project?
