Northwire Canada EditionTuesday, August 4, 2026
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Drill Results

Nexmetals finds anomalies at Selkirk

By The Northwire Desk — AI Analysis Aug 20, 2025 · 17:45 NEXM · 7.4 NexMetals Mining Corp.
NEXM · Price

Executive Summary

  • Nexmetals completed an accelerated drill program at the Selkirk Cu‑Ni‑Co‑PGE mine, drilling 3,903 m in 12 holes plus 522 m in three VTEM‑targeted holes.
  • Borehole Electromagnetic (BHEM) surveys on 14 of 15 2025 holes identified anomalies that correlate directly with massive or semi‑massive sulphide mineralisation, confirming BHEM as an effective targeting tool.
  • Two VTEM‑drilled holes intersected intervals of massive and disseminated sulphides; assay results are pending, setting the stage for follow‑up drilling and deeper historical hole re‑evaluation.

Key Details

  • Drilling Program: 3,903 m total in 12 holes (accelerated program announced June 24 2025).
  • VTEM Follow‑Up Drilling: Additional 522 m completed in three holes targeting VTEM anomalies (see July 9 2025 release).
  • BHEM Survey Coverage: 14 of the 15 2025 drill holes surveyed; all returned BHEM anomalies linked to massive or semi‑massive sulphide zones.
  • Deep Anomaly Identification: Modelling from deepest holes shows conductive plates located below the current Mineral Resource Estimate (MRE).
  • Specific Hole Highlight – DSLK-25-015: To be surveyed with BHEM in coming days, extending the dataset.
  • Deposit Characteristics: Primarily disseminated sulphides >100 m thick with narrow massive‑sulphide intervals.
  • VTEM Results: Two of three VTEM holes intersected massive/disseminated sulphide zones; assays pending.
  • Historical Hole Re‑evaluation: Plan to reopen deep historical hole DSLK007 (drilled 2003) which intersected 142 m of disseminated sulphides with narrow massive intervals up to 2.99 % Ni, located ~480 m down‑plunge from the mineralised envelope.
  • Next Steps / Catalysts:
  • Survey historical holes with BHEM (starting DSLK007).
  • Integrate BHEM data with geological and assay results to refine 3‑D mineralisation models.
  • Pending assay outcomes, conduct follow‑up drilling on VTEM‑identified zones.
  • Execute additional surface geophysical surveys across the Selkirk mining licence and prospecting licences.

Notable Quotes

“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… This is exactly the kind of momentum we want to see as we work to unlock the full potential of Selkirk.” – Morgan Lekstrom, CEO

Qualified Person: Sharon Taylor, Vice‑President of Exploration (NI 43‑101, S‑K Subpart 1300).

Read the original news release →

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