Project UpdateJul 24, 2026, 05:06 PM
NexMetals Reports 11.15m of 7.65% CuEq at Selebi Main
AI Summary
NexMetals Mining Corp. reported significant assay results from its 30,000-metre surface drilling program at the Selebi Main deposit in Botswana. Drill hole SMD-26-212-W1 intersected 11.15 metres of 7.65% CuEq, highlighting a kilometre-scale trend of thick, high-grade massive sulphides that extends beyond the 2024 Mineral Resource Estimate. The company continues to validate its exploration model and expects to complete the 2026 MRE in Q3 2026, while also developing an integrated geological model to enhance future drill targeting.
Key Highlights
- Drill hole SMD-26-212-W1 intersected 11.15 metres of 7.65% CuEq (3.10% Cu, 2.21% Ni).
- This confirms a kilometre-scale trend of thick, high-grade massive sulphides beyond the 2024 MRE.
- All four drill holes (SMD-26-210, 212-W1, 213, 214) intersected sulphide mineralization.
- The Flexure Zone is now defined by widely spaced drill holes approximately 200-300 metres apart.
- Modeled BHEM anomalies show continuation north of drilling, indicating the system remains open.
- The 2026 Mineral Resource Estimate (MRE) remains on track for completion in Q3 2026.
- The company engaged TECT Geological Consulting to develop an integrated 3D geological model.
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