NexMetals Mining (TSX-V:NEXM) reports assay results confirming thick, ‘high-grade’ massive sulphide intersections at its Selebi Main deposit in Botswana.
Drill hole SMD-26-219 returned 7.55m grading 6.48% copper equivalent (CuEq), comprising 2.7% copper (Cu) and 1.83% nickel (Ni), extending the trend over about 1.5km.
SMD-26-217 extended the trend a further 100m toward Selebi North, intersecting a combined 38.65m of disseminated to massive sulphide mineralisation across three zones.
It is the deepest significant intercept along the trend and confirmed the Main and Lower Zones, while intersecting a third zone of massive sulphide mineralisation about 9m below the Lower Zone.
The third zone indicates the system is more complex than previously interpreted and creates an additional target. Borehole electromagnetic (BHEM) surveying indicates the trend continues beyond SMD-26-217.
CEO Sean Whiteford says the three zones highlight the complexity of the Selebi Main system.
“SMD-26-219 delivered another strong result, with 7.55m grading 6.48% copper equivalent,” Whiteford explains.
“It is the latest in a series of widely spaced step-out holes that are defining additional tonnage at Selebi Main.”
The 2026 mineral resource estimate remains on track for completion in the September quarter of 2026. Holes completed after the resource cut-off date of 21 September, including SMD-26-217, will not be included in the estimate but continue to support the company’s resource expansion strategy.
NexMetals has engaged TECT Geological Consulting to develop an integrated three-dimensional geological and structural model for Selebi North and Selebi Main to improve understanding of geological controls and drill targeting.
NexMetals Mining is a Canadian exploration and development company focused on redeveloping past-producing copper-nickel-cobalt-platinum group element mines in Botswana.
Write to JC Villarba at Mining.com.au
Images: NexMetals Mining
