NexMetals Mining Corp. Delivers Strong Assay Results from Selkirk Mine Resampling Program
NexMetals Mining Corp. Reports Broad High-Grade Intervals from Selkirk Resampling Program; Announces Investor Relations Engagement
Key Highlights
- Exceptional assay results from resampling at the Selkirk Mine in Botswana, including standout intersections such as 180.8 metres at 1.31% CuEq.
- The results include wide intervals of copper, nickel, cobalt, and platinum group elements (Cu-Ni-Co-PGE) mineralization that exceed the current resource cut-off grade and are located both within and beyond the limits of the 2024 Mineral Resource Estimate (MRE).
- High-grade footwall mineralization was identified, notably 6.9 metres at 7.92% CuEq, signaling a potential new exploration target.
- All results from the 34-hole resampling program are now in, paving the way for an updated MRE in Q2 2026.
- The company has engaged NH IR Advisory Corp. for investor relations and strategic communications, supporting enhanced capital markets engagement and visibility.
In-Depth Report
Vancouver, BC, March 19, 2026 – NexMetals Mining Corp. (TSXV: NEXM, NASDAQ: NEXM) announced significant assay results from resource gap hole DSLK-25-012 and the remaining holes of its 34-hole resampling program at the past-producing Selkirk Copper-Nickel-Cobalt-Platinum Group Elements (Cu-Ni-Co-PGE) Mine in Botswana.
Assay Results – Key Intervals
- DSLK-25-012: 101.00 metres grading 0.85% CuEq (0.28% Cu, 0.29% Ni, 0.01% Co, 0.56 ppm Pd, 0.12 ppm Pt, 0.05 ppm Au)
- DSLK076: 94.20 metres grading 0.96% CuEq (0.34% Cu, 0.30% Ni, 0.02% Co, 0.63 ppm Pd, 0.13 ppm Pt, 0.06 ppm Au)
- DSLK134: 86.00 metres grading 1.06% CuEq (0.34% Cu, 0.45% Ni, 0.02% Co, 0.55 ppm Pd, 0.12 ppm Pt, 0.05 ppm Au)
- DSLK211: 180.80 metres grading 1.31% CuEq (0.52% Cu, 0.39% Ni, 0.02% Co, 0.79 ppm Pd, 0.17 ppm Pt, 0.11 ppm Au)
- DSLK258: 68.00 metres grading 0.91% CuEq (0.28% Cu, 0.32% Ni, 0.02% Co, 0.61 ppm Pd, 0.13 ppm Pt, 0.05 ppm Au)
Footwall mineralization highlights:
- DSLK077: 6.90 metres at 7.92% CuEq (5.33% Cu, 1.31% Ni, 0.08% Co, 2.55 ppm Pd, 0.56 ppm Pt, 0.45 ppm Au)
- DSLK134: 5.90 metres at 2.79% CuEq (0.63% Cu, 1.76% Ni, 0.07% Co, 0.73 ppm Pd, 0.12 ppm Pt, 0.04 ppm Au)
Strategic and Share Price-Relevant Takeaways
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All assay results from the 34-hole program are now in and will be incorporated into an updated Mineral Resource Estimate (MRE), anticipated in Q2 2026. This is a significant catalyst as the inclusion of previously unsampled PGE intervals is expected to expand the mineral resource, potentially increasing the overall value of the deposit and reducing the strip ratio.
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PGEs are expected to contribute approximately one-third of the deposit’s net smelter return value. Many historic holes were not assayed for PGEs, so this new data may substantially enhance the project’s economics.
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High-grade footwall mineralization (notably DSLK077 at 6.90m of 7.92% CuEq) represents a new exploration target and could add high-value tonnage to the deposit.
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Wide intervals of mineralization mapped outside the current 2024 MRE but within the conceptual pit shell will be included in the updated estimate, giving potential for significant resource growth.
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The company has engaged NH IR Advisory Corp. for investor relations, with a C\$12,000 monthly retainer and C\$72,000 in incentive options vesting over one year. This move aims to improve market communication and enhance investor engagement, potentially supporting a stronger market presence and liquidity.
Management Commentary
“The Selkirk drilling and resampling program continues to deliver wide intervals of Cu, Ni, and PGE mineralization. We will be incorporating these assay results, combined with new metallurgical results, into an updated MRE anticipated in Q2 2026. Additionally, the exceptional results from DSLK077 (6.90m at 7.92% CuEq) indicate a potential new footwall zone for further follow up.”
— Sean Whiteford, CEO, NexMetals Mining Corp.
Technical Notes & Quality Assurance
- Samples were prepared and analyzed at ALS Chemex, Johannesburg, under strict QA/QC, including the use of certified standards and blanks every 20 samples.
- CuEq calculations used commodity prices and recoveries disclosed in the company’s 2025 Technical Report.
- All scientific and technical information has been reviewed and approved by Sharon Taylor, VP Exploration, a Qualified Person under NI 43-101.
Corporate Update
- NexMetals Mining Corp. is focused on redeveloping its copper, nickel, and cobalt assets in Botswana, notably the Selebi and Selkirk mines.
- The company’s team brings an average of 20+ years’ experience across geology, engineering, and project development.
- The company is committed to transparent governance and open communication with stakeholders.
Why This Matters for Investors
These assay results are highly significant because the expanded PGE data and discovery of high-grade intervals could materially increase the Selkirk resource size and project economics in the upcoming MRE. This, combined with enhanced investor relations efforts and the prospect of new exploration targets, provides potential catalysts for share price appreciation. The results indicate the possibility of a larger, higher-value deposit than previously recognized, which could attract further market interest and institutional investment.
Links and Further Information
Disclaimer
This article contains forward-looking statements regarding NexMetals Mining Corp., including statements about the potential to expand the mineral resource, reduce strip ratio, and the impact of new exploration targets. Actual results may differ materially due to various risks and uncertainties, including those described in NexMetals’ public filings. The information provided is for informational purposes only and does not constitute investment advice. Investors are encouraged to review the company’s filings on SEDAR+ and EDGAR and consult with their financial advisors before making investment decisions.
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