NexMetals Step-Out Holes at Selebi North Validate Down-Plunge Continuity
Executive Summary
- NexMetals Mining reported a significant drill intercept at Selebi North: hole SNUG‑25‑194 intersected 32.60 m of continuous mineralization, including 19.90 m of massive sulphide across five sub‑intervals.
- The result bridges two major step‑out holes (SNUG‑25‑184 and SNUG‑25‑186), confirming down‑plunge continuity and supporting a potential expansion of the Mineral Resource Estimate (MRE).
- Concurrently, assay results from Selkirk Mine’s metallurgical program were released, highlighting 219 m @ 1.03 % CuEq in hole SMET‑25‑005 and near‑surface mineralization that could expand the deposit.
Key Details
- Selebi North – Hole SNUG‑25‑194 (Oct 1 2025)
- Intercepted 32.60 m of continuous mineralization; 19.90 m massive sulphide across five sub‑intervals.
- True thickness estimated at 60–65 % of logged interval.
- Designed to bridge mineralization between step‑out holes SNUG‑25‑184 (183 m down‑plunge) and SNUG‑25‑186 (130 m further step‑out).
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Demonstrated continuity will be incorporated into a future MRE update, potentially expanding the resource envelope.
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Planned Follow‑up Work
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Borehole Electromagnetic (BHEM) surveys to map conductive trends associated with newly intersected massive sulphides and define strike extent.
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Selkirk Mine – Metallurgical Drill Program (Assay Results released Oct 7 2025)
- Hole SMET‑25‑005: 219.00 m @ 1.03 % CuEq (0.39 % Cu, 0.33 % Ni, 0.61 ppm Pd, 0.14 ppm Pt).
- Near‑surface interval: 48.00 m @ 0.57 % CuEq starting at 47 m depth (0.19 % Cu, 0.20 % Ni, 0.34 ppm Pd, 0.08 ppm Pt).
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Results support validation of legacy data and provide key inputs for a future Selkirk resource model update.
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Infrastructure Context
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Selebi North is serviced by a 3.5‑m diameter shaft to the 745 m level and a twin 7° decline ramp to the 900 m level, enabling cost‑efficient drilling campaigns.
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Strategic Commentary
- CEO Morgan Lekstrom emphasized that the intersect validates the geological model and will strengthen the updated MRE once assays are received.
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The company highlights growing demand for copper and nickel in green‑energy applications, noting a 109 % price increase for copper over the past five years (USD $2.36/lb → $4.95/lb).
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Regulatory & Technical References
- Mineral Resource Estimate supported by the 2024 Technical Report (NI 43‑101 / S‑K Subpart 1300).
- Scientific and technical information reviewed and approved by Sharon Taylor, VP Exploration, a qualified person under NI 43‑101.
Notable Quotes
“These results are a critical confirmation point for Selebi North… By bridging two major step‑out holes and intersecting significant massive sulphide intervals, we have validated the down‑plunge continuity and further strengthened our geological model.” – Morgan Lekstrom, CEO, NexMetals Mining.
All forward‑looking statements are subject to risks and uncertainties; actual results may differ.