NexMetals Intersects 10.50 Metres of Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-209, Expanding the Flexure Zone
NexMetals Intersects 10.50 Metres of Sulphide
Mineralization at Selebi Main in Drill Hole
SMD-26-209, Expanding the Flexure Zone
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2026) -
NexMetals Mining Corp. (TSXV:
NEXM) (NASDAQ: NEXM)
("
NEXM
" or the "
Company
") is pleased to report visual results from drill
hole SMD-26-209, part of its ongoing surface drilling program targeting the emerging Flexure Zone
("
Flexure Zone
") at the Selebi Main deposit in Botswana (see Figure 1). Drill core photos from hole
SMD-26-209 are presented in Figure 2. Drilling continues to intersect strong zones of sulphide
mineralization outside of the 2024 Mineral Resource Estimate ("
2024
MRE
"), reinforcing the scale and
continuity of the Selebi system.
Highlights:
What You Need to Know: Strong Visual Intercept from SMD-26-209
Drill hole SMD-26-209 intersected a
10.50 metre interval of blebby, stringer and massive
sulphides, including:
3.05 metres of massive sulphides; and
5.95 metres of massive sulphides
Assays are pending and will be reported once received and validated.
What Does This Mean?
Visual results from SMD-26-209 are consistent with SMD-25-205 (
11.05 metres of 7.31% CuEq,
see news release dated February 26, 2026
), located 350 meters to the northeast, demonstrating
expansion potential within the Flexure Zone, extending down-dip and down-plunge from Selebi
Main.
The presence of thick, continuous massive sulphide intervals in holes spaced more than 300
meters apart supports the Company's interpretation of a robust and laterally extensive mineralized
system at Selebi Main.
The combination of massive, blebby and stringer sulphides indicate a strong sulphide system with
potential for scale, particularly when integrated with ongoing borehole electromagnetic ("
BHEM
")
targeting.
Sean Whiteford, CEO and Director of the Company, commented:
"Hole SMD-26-209 continues to
demonstrate thick intervals of massive sulphide mineralization beyond the current mineral resource
footprint. Step-out drilling within the emerging Flexure Zone is not only highlighting expansion potential,
but also validating our BHEM targeting, with mineralization consistently intersected where modeled.
These results point to potential for increased thickness at depth, which could have positive implications
for project economics. With several additional holes in progress targeting this zone, we look forward to
further defining the extent and characteristics of the Flexure Zone. The visual results alone highlight the
strength of the system, and we look forward to validating these observations with assays."
Figure 1:
Long section of Selebi Mines highlighting drill hole SMD-26-209 location relative to the
2024 MRE and the expansion of the Flexure Zone. The Inferred Resource reference in Figure 1
is presented in accordance with NI 43-101, which may not be identical to Inferred Resource
references under SK-1300.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289999_e669a65f640178d7_002full.jpg
Figure 2:
SMD-26-209 Core photos.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289999_e669a65f640178d7_003full.jpg
Detailed Drilling and BHEM Information
SMD-26-209 was completed to 1,861.9 metres and intersected a 10.5 metre interval of mineralization
from 1,768.65 metres to 1,779.15 metres. The mineralized zone is comprised of blebby, stringer and
massive sulphides and includes two intervals of massive sulphides with thicknesses of 3.05 metres and
5.95 metres. The mineralized interval is characterized by pyrrhotite-rich massive sulphides with visible
chalcopyrite, along with magnetite and minor amphibolite inclusions.
SMD-26-209 is the most recent Selebi Main Expansion drillhole that defines the newly emerging
"Flexure Zone". SMD-26-209 is located 350 metres UTM southwest of SMD-25-205 (11.05 metres of
7.31% CuEq, 3.00% Cu and 2.09% Ni) and 345 metres UTM northwest of SMD-26-208 that intersected
three zones of sulphide mineralization (
see news release dated February 26, 2026
)
.
This Flexure Zone is located down-dip and down plunge of the 2024 MRE and was discovered by the
follow-up of drilling and BHEM results in SMD-25-201 and subsequent drill holes. SMD-25-201 was the
first hole that targeted large BHEM plates at the southernmost extent of the gap between the Selebi Main
and Selebi North deposits (
see news release dated February 26, 2026
)
.
To date, a total of 19,130 metres in 8 completed holes, 1 hole extension, 3 abandoned holes and 3 in-
progress holes have been completed as part of the surface drilling program. Drill hole collar details are
provided in Table 1 below.
Table 1: 2026 Surface Drilling Collar Information
HOLE ID
UTM East
UTM North
Elevation
Dip
True North Azimuth
Hole Length
SMD-26-209
582465.3
7563469.4
908.0
-74.5
100.2
1861.9
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Sharon
Taylor, V.P. Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of
National Instrument 43-101 and Subpart 1300 of Regulation S-K.
Quality Control
The program is being executed using three company-owned underground Zinex U5 drills which were
converted into surface A5 drills, and a Marcotte HTM2500 drill purchased by the Company capable of
drilling to depths of 2,550 metres (NQ core).
Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter).
All samples are ½
core samples cut by a diamond saw on site and the remaining half of the core is retained for reference
purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists.
Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South
Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards
with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample
batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES
finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with
an ICP-AES finish (PGM-ICP23).
Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.
BHEM Surveys
The BHEM surveys at Selebi utilize the Crone PEM system operated by local Botswana staff. Survey
data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been
collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to
a calculated residual step response to better quantify the conductive sources. This added processing
has proven to be highly valuable because of the size of the highly conductive mineralized system.
Technical Report
The 2024 MRE on the Selebi Mines is supported by the technical report entitled "Technical Report,
Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 (with an effective date
of June 30, 2024) (the "
Selebi Technical Report
"), and the technical report summary entitled "S-K
1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium
Resources Ltd." dated December 17, 2024 (with an effective date of June 30, 2024) (the "Selebi
Technical Report Summary"), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference
should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI
43-101 and is available on SEDAR+ (
www.sedarplus.ca
) and the Selebi Technical Report Summary,
which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S.
Securities and Exchange Commission (the "SEC") on EDGAR (
www.sec.gov
), in each case, under
NEXM's issuer profile.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company
focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group
element mines in Botswana.
NexMetals has confirmed the scale of mineralization is larger than historical
estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with
ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and
supporting future economic studies. The Company is led by an experienced management and technical
team with a proven track record in global mineral projects, emphasizing disciplined execution,
transparent governance, and long-term stakeholder value creation.
For further information about NexMetals Mining Corp., please contact:
Sean Whiteford
CEO and Director
1-833-770-4334
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in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts
responsibility for the adequacy or accuracy of this news release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information
contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States
federal securities laws and "forward-looking information" within the meaning of applicable securities
legislation (collectively, "forward-looking information") based on expectations, estimates and
projections as at the date of this news release. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking information.
For the purposes of this release, forward looking information includes, but is not limited to, the
Company reporting assay results for Drill hole SMD-26-209 when they become available and the
anticipated results; the expected scale and continuity of the Selebi system; the Company's
interpretation of a robust and laterally extensive mineralized system at Selebi Main; the Company's
belief in a strong sulphide system with potential for scale; and the expansion potential within the
Flexure Zone which could have positive implications for project economics. These forward-looking
statements, by their nature, require the Company to make certain assumptions and necessarily
involve known and unknown risks and uncertainties that could cause actual results to differ materially
from those expressed or implied in these forward-looking statements. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to, capital
and operating costs varying significantly from estimates; the preliminary nature of drilling and
metallurgical test results; metallurgical results differing from the Company's estimates; the ability of
exploration results to predict mineralization; the ability of the Company to implement its drilling,
geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the
feasibility of mine production; delays in obtaining or failures to obtain required governmental,
environmental or other project approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices;
delays in the development of projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Company's filings with the U.S. SEC on EDGAR
(
www.sec.gov
) and public disclosure record on SEDAR+ (
www.sedarplus.ca
), in each case, under
NEXM's issuer profile. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than as required by law.
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