NexMetals Drills 231 Metres of 1.09% CuEq, Including 97 Metres of 1.28% CuEq Establishing Scale, Grade and Expansion Potential at Selkirk
Executive Summary
- NexMetals released assay results from the final three holes of its 2025 metallurgical drill program at Selkirk Mine, showing wide intervals of continuous Cu‑Ni‑Co‑PGE mineralization.
- The most significant intercepts include 231 m @ 1.09% CuEq (incl. 97 m @ 1.28% CuEq and 47.9 m @ 1.42% CuEq).
- All results will be incorporated into an updated Mineral Resource Estimate (MRE) and support ongoing metallurgical test work aimed at optimizing the processing flowsheet.
Key Details
- Hole SMET‑25‑009:
- 231 m @ 1.09% CuEq (0.39% Cu, 0.38% Ni, 0.64 ppm Pd, 0.15 ppm Pt)
- Includes 97 m @ 1.28% CuEq (0.46% Cu, 0.43% Ni, 0.76 ppm Pd, 0.18 ppm Pt)
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Includes 47.9 m @ 1.42% CuEq (0.52% Cu, 0.49% Ni, 0.83 ppm Pd, 0.17 ppm Pt)
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Hole SMET‑25‑010:
- 171 m @ 0.85% CuEq (0.29% Cu, 0.29% Ni, 0.51 ppm Pd, 0.12 ppm Pt)
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Includes higher-grade sub‑intervals up to 1.18% CuEq over 50 m.
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Hole SMET‑25‑011:
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Multiple intervals ranging from 0.52% to 1.07% CuEq, including a 13 m @ 0.52% CuEq intercept below the MRE and a 152.9 m @ 0.79% CuEq interval within the conceptual pit shell.
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Depth Context:
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Intercepts both above and below the existing Mineral Resource Estimate demonstrate potential for deposit expansion at depth and toward the surface.
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Cut‑off Grade:
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Current US$25/tonne net smelter return cut‑off translates to 0.46% CuEq; material above this could be mined.
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Metallurgical Work:
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All drill core from the eleven 2025 holes is being used for flotation studies by Blue Coast Research (BC, Canada) to refine flowsheet and recoveries.
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Technical Details:
- Drilling performed by Discovery Drilling using a Boyles 56 rig; HQ core sampled and analyzed at ALS Chemex (Johannesburg).
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Quality control includes blanks and certified Cu/Ni sulphide standards every 20 samples.
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Qualified Person: Sharon Taylor, VP Exploration, reviewed and approved the technical information per NI 43‑101 / Reg S‑K.
Notable Quotes
“The takeaway from this metallurgical drilling program is the sizable, mineralized continuity across this deposit… Selkirk is increasingly demonstrating its potential as a significant additional value driver for NexMetals.” – Morgan Lekstrom, CEO & Director
All non‑material boilerplate, forward‑looking statements, and company background have been omitted for brevity.