NexMetals Reports Selkirk BHEM Results Confirm Effectiveness as a Targeting Tool for Mineralization
NexMetals Mining (NASDAQ: NEXM) has announced successful results from its borehole electromagnetic (BHEM) surveys at the Selkirk Mine in Botswana, a past-producing copper-nickel-cobalt-platinum group elements site. The company completed 3,903 metres of drilling across 12 holes, plus an additional 522 metres in three holes testing VTEM targets.
The BHEM surveys, conducted on 14 of 15 drill holes, revealed anomalies correlating with massive or semi-massive sulphide mineralization. Notably, two VTEM drill holes intersected massive and disseminated sulphides along the same geological horizon as the Selkirk deposit. The Selkirk mineralization features disseminated sulphides with average thickness exceeding 100 metres, containing narrow intervals of massive sulphides.
NexMetals Mining (NASDAQ: NEXM) ha comunicato risultati positivi dalle indagini elettromagnetiche in foro (BHEM) presso la miniera di Selkirk in Botswana, un sito con produzione storica di rame, nichel, cobalto e metalli del gruppo del platino. La società ha portato a termine 3.903 metri di perforazione su 12 fori, più ulteriori 522 metri in tre fori per testare i target VTEM.
Le BHEM, eseguite su 14 dei 15 fori, hanno evidenziato anomalie compatibili con mineralizzazioni solfuree massive o semi-massive. In particolare, due fori VTEM hanno intercettato solfuri massivi e disseminati sullo stesso orizzonte geologico del giacimento Selkirk. La mineralizzazione di Selkirk si caratterizza per solfuri disseminati con spessori medi superiori a 100 metri, contenenti intervalli stretti di solfuri massivi.
NexMetals Mining (NASDAQ: NEXM) ha anunciado resultados exitosos de sus estudios electromagnéticos en pozo (BHEM) en la mina Selkirk en Botsuana, un yacimiento productor previo de cobre, níquel, cobalto y elementos del grupo platino. La compañía completó 3.903 metros de perforación en 12 pozos, además de 522 metros adicionales en tres pozos para probar objetivos VTEM.
Los BHEM, realizados en 14 de los 15 pozos, revelaron anomalías que se correlacionan con mineralizaciones de sulfuros masivos o semi-masivos. Notablemente, dos pozos VTEM intersectaron sulfuros masivos y diseminados en el mismo horizonte geológico del depósito Selkirk. La mineralización de Selkirk presenta sulfuros diseminados con espesores medios superiores a 100 metros, con intervalos estrechos de sulfuros masivos.
NexMetals Mining (NASDAQ: NEXM)은 보츠와나의 과거 생산 구리-니켈-코발트-백금족 원소 광산인 셀커크 광산에서 실시한 보어홀 전자기(BHEM) 조사에서 성공적인 결과를 발표했습니다. 회사는 12개 구멍에서 총 3,903미터의 시추를 완료했으며, VTEM 목표를 시험하기 위해 추가로 3개 구멍에서 522미터를 시추했습니다.
15개 시추 구멍 중 14개에서 실시된 BHEM 조사에서는 대규모 또는 반대규모 황화물 광상과 일치하는 이상 신호가 확인되었습니다. 특히 두 개의 VTEM 시추 구멍에서 동일한 지질 단층에서 대규모 및 분산형 황화물을 관통했습니다. 셀커크 광상은 평균 두께가 100미터를 넘는 분산형 황화물을 특징으로 하며, 그 안에 좁은 구간의 대규모 황화물이 포함되어 있습니다.
NexMetals Mining (NASDAQ: NEXM) a annoncé des résultats positifs de ses relevés électromagnétiques en forage (BHEM) à la mine Selkirk au Botswana, un site autrefois producteur de cuivre, nickel, cobalt et éléments du groupe du platine. La société a réalisé 3 903 mètres de forage répartis sur 12 sondages, ainsi que 522 mètres supplémentaires en trois sondages pour tester des cibles VTEM.
Les BHEM, menés sur 14 des 15 sondages, ont révélé des anomalies en corrélation avec des minéralisations sulfureuses massives ou semi-massives. Notamment, deux sondages VTEM ont intersecté des sulfures massifs et disséminés sur le même horizon géologique que le gisement Selkirk. La minéralisation de Selkirk se caractérise par des sulfures disséminés d'épaisseur moyenne supérieure à 100 mètres, contenant des intervalles étroits de sulfures massifs.
NexMetals Mining (NASDAQ: NEXM) hat erfolgreiche Ergebnisse seiner Bohrloch-Elektromagnetik-(BHEM)-Untersuchungen in der Selkirk-Mine in Botswana bekanntgegeben, einem früher produzierenden Kupfer-Nickel-Kobalt-Platin-Gruppen-Elemente-Lagerstätte. Das Unternehmen führte 3.903 Meter Bohrung in 12 Löchern durch sowie weitere 522 Meter in drei Löchern zur Prüfung von VTEM-Zielen.
Die BHEM-Untersuchungen, die an 14 von 15 Bohrlöchern durchgeführt wurden, zeigten Anomalien, die mit massiven oder halb-massiven Sulfidmineralisierungen korrelieren. Bemerkenswert ist, dass zwei VTEM-Bohrlöcher massive und disseminierte Sulfide im selben geologischen Horizont wie die Selkirk-Lagerstätte durchschnitten haben. Die Selkirk-Mineralisierung weist disseminierte Sulfide mit einer durchschnittlichen Mächtigkeit von über 100 Metern auf, die enge Intervalle massiver Sulfide enthalten.
- None.
- Assay results still pending for new discoveries
- One drill hole (DSLK-25-015) still pending BHEM survey
Insights
BHEM surveys confirm effective targeting method for Cu-Ni-Co-PGE mineralization at Selkirk, creating new discovery opportunities beyond current resource estimate.
NexMetals has completed its accelerated drill program at Selkirk with promising results that validate their exploration methodology. The borehole electromagnetic (BHEM) surveys revealed anomalies in 14 of 15 holes that directly correlate with massive or semi-massive sulphide mineralization—the primary host for copper-nickel-cobalt-PGE deposits. This correlation is particularly significant as it confirms BHEM as a reliable targeting tool for future exploration efforts.
What's technically noteworthy is that surveys from the deepest holes identified modeled plates located below the current Mineral Resource Estimate, suggesting potential resource expansion at depth. The Selkirk deposit's characteristics—primarily disseminated sulphides averaging over 100 meters in thickness with narrow massive sulphide intervals—make it amenable to this geophysical technique.
The company has also made early progress on VTEM (Versatile Time-Domain Electromagnetic) targets, with two of three drill holes intersecting massive and disseminated sulphides along the same geological horizon as the main deposit. This opens new discovery opportunities beyond the known resource area.
NexMetals' funded next steps are strategically sound: reopening deep historical holes for BHEM surveying (starting with DSLK007, which previously showed 142 meters of disseminated sulphides with intervals grading up to 2.99% Ni located 480 meters down-plunge of the current mineralized envelope), integrating BHEM results with geological data, and conducting additional surface geophysical surveys. These methodical steps should help delineate high-probability targets for resource expansion.
The successful correlation between geophysical anomalies and actual mineralization significantly de-risks the exploration process, potentially reducing drilling costs while maximizing discovery potential—a crucial efficiency for mid-tier mining operations seeking to optimize capital allocation.
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") reports the successful completion of its accelerated drill program, previously announced on June 24, 2025, at the past-producing copper-nickel-cobalt-platinum group elements ("Cu-Ni-Co-PGE") Selkirk Mine in Botswana. Drilling totalled 3,903 metres and was completed in 12 holes. A further 522 metres were completed in three holes testing Versatile Time-Domain Electromagnetic ("VTEM") targets (see news release dated July 9, 2025). Fourteen holes were surveyed with borehole electromagnetics ("BHEM").
Highlights: Why This Matters
- BHEM Results - 14 of the 15 2025 holes were surveyed and returned BHEM anomalies that are known to correlate directly with massive or semi-massive sulphide mineralization (the host for the Cu-Ni-Co-PGE) (see Figure 1). Surveys from the deepest holes identified modeled plates located below the Mineral Resource Estimate ("MRE"). Drill hole DSLK-25-015 will be surveyed with BHEM in the coming days.
- Deposit Type - Selkirk mineralization is primarily disseminated sulphides with average thickness greater than 100 metres containing narrow intervals of massive sulphides.
- Proven Targeting Method - The strong and consistent correlation with massive sulphides has confirmed that BHEM is a proven exploration tool for identifying additional mineralization at Selkirk.
- New Discovery Opportunities from VTEM - Two of the three VTEM drill holes are located along the same geological horizon of the Selkirk deposit and intersected intervals of massive and disseminated sulphides (Figure 2). Assays are pending.
Funded Next Catalysts
- Re-open deep historical holes outside the MRE and survey with BHEM starting with historical hole DSLK007. This hole was drilled in 2003 and intersected disseminated sulphides over 142 metres with sporadic narrow massive sulphide intervals grading up to
2.99% Ni. This intersection is located 480 metres down plunge of the mineralized envelope. - Integrate BHEM results with geological and assay data to refine 3D models of mineralized zones.
- Pending assay results, follow-up drilling of mineralized zones associated with the VTEM targets.
- Complete additional surface geophysical surveys over prospective geology in the Selkirk Mining Licence and the Selkirk Prospecting Licenses.
Morgan Lekstrom, CEO of the Company, commented: "Our accelerated drill program is delivering results on multiple fronts. The consistent BHEM responses tied directly to sulphide mineralization confirm we have a high confidence targeting technology that has already been successfully demonstrated at Selebi. Additionally, the early success of drilling VTEM anomalies opens new discovery opportunities. This is exactly the kind of momentum we want to see as we work to unlock the full potential of Selkirk."
Figure 1: Modeled BHEM plates and associated mineralization. A series of plates can be traced from surface to depth within and outside of the current Inferred resource.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/263197_c97911f844e39951_002full.jpg
Figure 2: Location of VTEM Holes DSLK-25-013, 014, 015
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/263197_c97911f844e39951_003full.jpg
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.
BHEM Surveys
The BHEM surveys at Selkirk utilized the Crone PEM system operated by local Batswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using a timebase of 500ms (0.5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources.
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.
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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 acceleration of ongoing work programs and metallurgical flowsheet development; the Company's goal of validating legacy data and generating new intercepts to support an updated resource model; the further use and potential benefits of surveying using BTEM; the completion of additional geophysical surveying; the Company's intention of completing an updated MRE and economic evaluation; the release of assay results and the expected timing thereof; anticipated upgrades to existing mineral resource estimates on the Selkirk Mine in accordance with NI 43-101; the anticipated timing of results of the mining program at the Selkirk Mine; 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.
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FAQ
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