Vancouver, British Columbia – August 20, 2025 – NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) has announced the successful completion of its accelerated drill program at the historically significant Selkirk Mine in Botswana. This initiative, initially revealed on June 24, 2025, involved extensive drilling efforts totaling 3,903 meters across 12 holes, complemented by an additional 522 meters in three holes targeting Versatile Time-Domain Electromagnetic (VTEM) anomalies.
Key Highlights from the Drill Program
Borehole Electromagnetic Surveys (BHEM)
A significant aspect of this drill program was the application of Borehole Electromagnetics (BHEM). Out of the 15 holes drilled in 2025, 14 were surveyed, revealing BHEM anomalies that correlate strongly with massive or semi-massive sulphide mineralization—key indicators of copper, nickel, cobalt, and platinum group elements (Cu-Ni-Co-PGE). Notably, the surveys from the deepest holes identified modeled plates located below the current Mineral Resource Estimate (MRE), suggesting untapped potential in the area.
Understanding the Deposit Type
The Selkirk Mine is characterized by primarily disseminated sulphides, with an average thickness exceeding 100 meters. This geological profile includes narrow intervals of massive sulphides, which are crucial for the extraction of valuable metals. The consistent correlation of BHEM results with massive sulphides reinforces the effectiveness of this exploration tool, confirming its utility in identifying additional mineralization opportunities.
New Discovery Opportunities from VTEM
The drill program also explored VTEM targets, with two of the three drill holes intersecting intervals of both massive and disseminated sulphides along the same geological horizon as the Selkirk deposit. Assay results from these holes are pending, but the early indications are promising, opening new avenues for discovery.
Future Catalysts for Growth
NexMetals has laid out a clear roadmap for future exploration and development at the Selkirk Mine:
Re-opening Historical Holes: The company plans to re-open deep historical holes outside the MRE, starting with DSLK007, which was drilled in 2003. This hole intersected disseminated sulphides over 142 meters, with sporadic massive sulphide intervals grading up to 2.99% Ni.
Integrating Data: The integration of BHEM results with geological and assay data will refine 3D models of mineralized zones, enhancing the understanding of the deposit’s structure.
Follow-up Drilling: Pending assay results will guide follow-up drilling of mineralized zones associated with the VTEM targets, ensuring that the exploration efforts are data-driven.
Surface Geophysical Surveys: Additional surface geophysical surveys will be conducted over prospective geology in the Selkirk Mining Licence and the Selkirk Prospecting Licenses, further expanding the exploration footprint.
Leadership Insights
Morgan Lekstrom, CEO of NexMetals, expressed optimism regarding the results of the accelerated drill program. He stated, “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. Additionally, the early success of drilling VTEM anomalies opens new discovery opportunities. This is exactly the kind of momentum we want to see as we work to unlock the full potential of Selkirk.”
Technical Expertise and Governance
All scientific and technical information in this announcement has been reviewed and approved by Sharon Taylor, VP Exploration of NexMetals, who is a qualified person under National Instrument 43-101. This underscores the company’s commitment to transparency and adherence to industry standards.
About NexMetals Mining Corp.
NexMetals Mining Corp. is dedicated to the exploration and redevelopment of previously producing copper, nickel, and cobalt mines in Botswana. The company prides itself on governance through transparent accountability and open communication, with a team that boasts extensive experience across geology, engineering, operations, and project development.
Conclusion
As NexMetals Mining Corp. continues to explore the Selkirk Mine, the results from the recent drill program and the strategic plans for future exploration highlight the company’s commitment to unlocking the potential of its mineral resources. With promising early results and a clear path forward, NexMetals is poised to make significant contributions to the mining sector in Botswana.
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Cautionary Note: This article contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. For detailed information, please refer to the company’s filings with the U.S. Securities and Exchange Commission and public disclosure records on SEDAR+.
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