NexMetals Intersects 10.50m Sulphide at Selebi Main, Validates Expansion Target
Drill hole SMD-26-209 at Selebi Main intersected a 10.50-metre interval of blebby, stringer and massive sulphides including 3.05m and 5.95m massive intervals, extending mineralization beyond the 2024 MRE footprint. These visual results validate BHEM targeting and highlight down-dip and down-plunge expansion potential of the emerging Flexure Zone.
1. Drill Intercept and Mineralization Details
Hole SMD-26-209 was drilled to 1,861.9 metres and returned a 10.50-metre visual intercept from 1,768.65m to 1,779.15m. The interval comprises blebby, stringer and massive sulphides with two massive sub-intervals of 3.05m and 5.95m, featuring pyrrhotite-rich textures with visible chalcopyrite.
2. Expansion of Flexure Zone
The intersection lies outside the 2024 Mineral Resource Estimate and sits 350m southwest of hole SMD-25-205 (11.05m at 7.31% CuEq), confirming lateral continuity across the emerging Flexure Zone. Thick, continuous sulphide intervals now extend down-dip and down-plunge, underpinning a robust mineralized system at Selebi Main.
3. Implications for Project Economics and Resource Potential
Validation of thick sulphide intervals beyond the current resource footprint suggests a scale-up opportunity that could enhance project economics pending assay results. Increased down-dip thickness and continuity may translate into higher contained metal counts and improved mine planning metrics.
4. Ongoing Drilling and BHEM Targeting
The company has completed 8 holes (19,130m) with 3 additional holes in progress, all guided by borehole electromagnetic surveys. Consistent mineralization in drilled holes confirms the reliability of BHEM plates for targeting further extensions of the Flexure Zone.