NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi North
NexMetals Mining CorpNexMetals Mining Corp(US:NEXM) TMX Newsfile·2026-01-27 12:00

Core Insights - NexMetals Mining Corp. reports successful assay results from three drill holes at the Selebi North Underground deposit, confirming high-grade mineralization and continuity of the deposit [1][2]. Drill Results - Drill hole SNUG-25-194 intersected 32.45 metres of 4.61% CuEq, including 7.90 metres of 5.85% CuEq and 9.65 metres of 5.88% CuEq, indicating strong mineralization [2][7]. - The results from SNUG-25-191 and SNUG-25-192 also confirmed mineralization outside the thick zone, supporting the updated Mineral Resource Estimate (MRE) [7][8]. Future Plans - The company plans to update the MRE with results from the 2025 resource expansion drill holes and ongoing metallurgical tests [6][17]. - Drilling is ongoing, with SNUG-25-200 currently testing the down plunge extension of N3, and the drill will transition to surface drilling for the 2026 Selebi Main resource expansion program [6][7]. Company Overview - NexMetals Mining Corp. is focused on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana, with confirmed mineralization larger than historical estimates [17]. - The company emphasizes disciplined execution, transparent governance, and long-term stakeholder value creation [17].