NINE MILE METALS CLOSES ACQUISITION OF ADDITIONAL 5.06 SQ KMS OF STRATEGIC CLAIMS ADJACENT TO ITS CALIFORNIA LAKE VMS PROJECT
VANCOUVER, B.C. Tuesday, September 26, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is also pleased to announce that is has acquired the 23 new claim units (the “Claims”) previously disclosed in the Company’s press release dated September 19, 2023. The Company has issued a total of 550,000 common shares in exchange for the Claims, which are subject to the four month legend. In addition to the Claims, there is a 2.0% net smelter royalty (“NSR”) on the Claims derived from metallic mineral production. The Company has the right to purchase 50% of the 2% NSR from the vendors for $1,000,000 at any time prior to commencement of commercial production. The vendor is at arm’s length from the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: inifo@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals to Acquire an Additional 5.06 SQ KMs of Strategic Claims Adjacent to its California Lake VMS Project
VANCOUVER, B.C. Tuesday, September 19, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Company entered into an agreement dated September 14, 2023, with Lorena Hamilton, (the “Agreement”) to acquire an additional 5.06 square kms, 23 claim units (the “New Claims”) adjacent to its California Lake and Nine Mile Brook VMS Projects, in Bathurst Mining Camp, New Brunswick (“BMC”). This acquisition brings the total Land package in the BMC to an impressive 137.81 km2. Patrick J Cruickshank, CEO & Director stated, “We are pleased to announce we have added strategic claims to our western flank of our California Lake VMS project. This now allows us to explore the entire trend that our new technology has identified. We are advancing and building a high-quality portfolio in the Nine Mile Synform region of the BMC. We look forward to including these claims in our final target analysis to be announced shortly.” “The newly acquired claims cover sequences of felsic volcanics and various geological contacts known to host VMS mineralization along strike to both the north and south of the acquired ground. To the north is Ahearn Brook with select assays up to 209.14 g/t Ag, 2.26% Cu, 16.6% Pb and 29.1% Zn. In the west, the Strachens Lake Brook occurrence is on the south flank, with reported assays up to 32.57 g/t Ag, 0.39% Cu, 0.51% Pb and 3.14% Zn. The addition of these claims greatly enhances our exploration potential in this portion of the BMC,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. Pursuant to the Agreement, the Company intends to acquire the New Claims for 550,000 common shares of the Company, which will have a four month hold legend. In addition, there is a 2.0% net smelter royalty (“NSR”) on the New Claims derived from metallic mineral production. The Company has the right to purchase the 50% of the 2% NSR from the vendors for $1,000,000 at any time prior to commencement of commercial production. The vendor is at arm’s length from the Company. Completion of the acquisition will take place on September 26, 2023. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director, who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) completion of the acquisition will take place on September 26, 2023, (b) the Company intends to acquire the New Claims for 550,000 common shares, (c) the addition of these claims greatly enhances our exploration potential in this portion of the BMC, and (d) we look forward to including these claims in our final target analysis to be announced shortly. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS CLOSES ACQUISITION OF ADDITIONAL STRATEGIC CLAIMS ADJACENT TO ITS CALIFORNIA LAKE AND NINE MILE BROOK VMS PROJECTS
VANCOUVER, B.C. Thursday, September 14, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is also pleased to announce that is has acquired the 49 new claim units (the “Claims”) previously disclosed in the Company’s press release dated September 7, 2023. The Company has issued a total of 300,000 common shares in exchange for the Claims, which are subject to the four month legend. In addition to the Claims, there is a 2.0% net smelter royalty (“NSR”) on the Claims derived from metallic mineral production. The Company has the right to purchase 50% of the 2% NSR from the vendors for $1,000,000 at any time prior to commencement of commercial production. The vendor is at arm’s length from the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: inifo@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
September Newsletter: Fall Forecast and August Highlights
From the Desk of Patrick Cruickshank, CEO & Director Dear Shareholders and Partners, I’m excited to share that going forward, I’ll be providing regular project updates through this newsletter. This will serve as your portal into the ongoings of Nine Mile Metals four projects in the renowned Bathurst Mining Camp in New Brunswick. I look forward to keeping you updated as we progress in our discovery of high-grade critical minerals. To start, yesterday’s news release announcing the acquisition of an additional 10.78 sq kms of strategic claims adjacent to the California Lake and Nine Mile Brook VMS Projects was a significant move for the Nine Mile team (full release here). I had the pleasure of discussing the significance of this announcement in the below interview, which highlights what this acquisition means for us going forward: August Highlights: August 24th – We shared the XRF results from the historic Wedge mine site. The full release is available here. For a brief summary: XRF Lab Results: Indicated 29.58% Cu, 10.19% combined Pb-Zn. Silver & Gold assay results to follow. The data collected provides more context on the historical operations of the Wedge mine & confirms our drill program targeting. Ongoing work on property re-processed geophysics and AI stage 1 analysis. Preparations for our upcoming Wedge Project drill program are underway. August 2nd – Released certified lab results from the historic Wedge mine site. For those interested in the specifics, the detailed release can be found here. Key takeaways from this announcement are: Lab Results: The samples, which are ore from the Wedge mine and not chip samples, showed up to 19% Cu, 10.25% Pb, 30%+ Zn, 97 g/t Ag, and 2.78 g/t Au. Most of the samples consisted of fine-grained massive VMS (Cu-Pb-Zn) mineralization. Completion of property re-processed geophysics and AI stage 1 analysis. Upcoming drill program designs have been permitted and finalized. Our efforts at the Wedge project site have been consistent and have provided valuable insights into its potential. A Notable Addition: Kevin Hicks We’re pleased to welcome Kevin Hicks as the newest Director at Nine Mile Metals Ltd. With 38 years in the oil and gas industry and his current CEO role at Have Blue Capital Corp, focusing on Critical Mineral Investments across the Americas, Kevin’s vast expertise is aligned with our vision, marking him a notable addition. Full announcement. Looking Forward: As we move through September, we’re focused on the upcoming Wedge Extension Trend drill program and its newly identified high priority targets. Our ongoing efforts are crucial as they resonate with our mission in Critical Minerals Exploration, positioning us to meet the emerging demands of the EV and green technologies sectors. Learn more about the Wedge project in these video clips: The Wedge: 100% Newly Acquired Past Producing Mine With Immense Untapped Potential at Depth The Wedge: Nine Mile Metals CEO, Patrick Cruickshank, Shares An Update On the Wedge Project And Its Vast Potential I’d like to express my appreciation for your continued interest and trust in our endeavors. As we step into September, we remain committed to transparent, steady progress. Be sure to subscribe to this newsletter and connect with us on social for regular updates. Sincerely, Patrick Cruickshank CEO & Director Nine Mile Metals Ltd.
NINE MILE METALS ANNOUNCES STOCK OPTION GRANT
VANCOUVER, B.C. Friday, September 8, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has granted 1,700,000 stock options to various directors, officers, and consultants of the Company. The options will vest immediately and may be exercised at an exercise price of CAD $0.12 per common share, for a period of 5 years from the date of issuance or earlier in accordance with the Company’s incentive stock option plan. Following the grant of stock options, the Company now has a total of 6,050,000 stock options representing 9.6% of the outstanding common shares of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. Social Media @NineMileMetals Nine Mile Metals @ Nine Mile Metals Nine Mile Metals @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS TO ACQUIRE AN ADDITIONAL 10.78 SQ KMS OF STRATEGIC CLAIMS ADJACENT TO ITS CALIFORNIA LAKE AND NINE MILE BROOK VMS PROJECTS
VANCOUVER, B.C. Thursday, September 7, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Company entered into an agreement dated August 31, 2023, with Prospect Or Corp, (the “Agreement”) to acquire an additional 10.78 square kms, 49 claim units (the “New Claims”) adjacent to its California Lake and Nine Mile Brook VMS Projects, in Bathurst Mining Camp, New Brunswick (“BMC”). This acquisition solidifies complete targeted trends identified last season and allows Nine Mile to launch complete exploration programs on these priority targets. Patrick J Cruickshank, CEO & Director stated, “We are pleased to announce this strategic acquisition of priority claims in our regional portfolio within this highly prospective area in the BMC. The acquisition cements our holdings around the California-Wedge Projects and most importantly, we now hold the entire mineralized trend encompassing the VMS drilling last year at the California Lake Project. As previously announced, we drilled (8) drill holes with VMS mineralization present over 10m to 14m widths. We now can proceed to explore the entire trend and the source target identified with our technology due south of last years drilling culminating in a target on the Wedge Project and these newly acquired claims. These new properties increase our footprint in the Nine Mile Synform directly south of our Nine Mile Brook Project and adjacent on the western boundary of our acquisition last year of the Windfall claims. Our leading-edge technologies have identified high priority trends and specific targets that we now own 100% allowing us to address the entire geophysical trend. We look forward to future announcements on these (2) wholly owned target areas in our expanding portfolio in the BMC.” Pursuant to the Agreement, the Company intends to acquire the New Claims for 300,000 common shares of the Company, which will have a four month hold legend. In addition, there is a 2.0% net smelter royalty (“NSR”) on the New Claims derived from metallic mineral production. The Company has the right to purchase the 50% of the 2% NSR from the vendors for $1,000,000 at any time prior to commencement of commercial production. The vendor is at arm’s length from the Company. Completion of the acquisition will take place on September 14, 2023. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director, who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) completion of the acquisition will take place on September 14, 2023, (b) the Company intends to acquire the New Claims for 300,000 common shares, and (c) we look forward to future announcements on these two wholly owned target areas in our expanding portfolio in the BMC. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS APPOINTS MR. KEVIN HICKS AS DIRECTOR
VANCOUVER, B.C. Friday, September 1, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce that the Company has appointed Mr. Kevin Hicks to the Board of Directors. Mr. Hicks is a very successful oil and gas industry professional for 38 years in Texas and Oklahoma. Early in his career, he designed and implemented numerous groundbreaking data acquisition and control technologies. He then moved on to large project management, primarily in the area of data management. Kevin has a Patent for data systems technology in the oil and gas sector. Kevin is the current CEO of Have Blue Capital Corp., an investment corporation focused on Critical Mineral Investments in Canada, US, and South America. Kevin holds a Masters of Electrical Engineering from Oklahoma State University. “We are pleased and honoured to welcome Kevin Hicks to the Board of Directors of Nine Mile Metals as an active member. Kevin’s skill set and professional successes will help guide Nine Mile and our projects to new heights and future successes. Kevin Hicks is a significant shareholder of Nine Mile and shares our business strategy and vision for the Company,” stated Patrick J. Cruickshank, MBA, CEO & Director. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES XRF LAB HIGH-GRADE RESULTS UP TO 29.58% COPPER AND 10.19% + Combined (LEAD-ZINC) Silver & Gold (TBD) AT HISTORIC WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Thursday, August 24, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the XRF results for VMS mineralization collected from the Wedge mine site in the world-famous Bathurst Mining Camp, located in New Brunswick, Canada. Discovered in 1956, Cominco operated the mine between 1962 to 1968, producing 1.5 million tonnes of predominantly copper ore. Despite a long exploration and operating history, technical data regarding the mine was not required to be reported to the New Brunswick Department of Energy and Mines, including drill logs, assay certificates, production figures and underground mine plans, however, Nine Mile Metals has acquired significant historical work and data. Highlights: High Grade XRF Lab Results: 29.58% Cu, 10.19% combined Pb-Zn, (Silver & Gold – TBD). Samples were fine-grained massive VMS (Cu-Pb-Zn) mineralization collected at the Wedge mine site and the ore pile. The samples were either Cu rich with minor (Pb/Zn) or (Pb/Zn) rich with minor Cu. Most samples consisted of 90% sulphides with minor quartz / accessory minerals. Property re-processed geophysics and AI stage 1 analysis completed. Upcoming Wedge Project drill program designed and permitted. Patrick J. Cruickshank, MBA, CEO & Director stated, “These new XRF results continue to demonstrate the high-grade Cu potential at the historic Wedge Mine. These are actual ore grade samples, taken from the Ore Site, not chip or boulder surface samples demonstrating the true quality of the ore from the mine below. There is a very high-grade Copper lens component and a high-grade Zinc component. We look forward to testing this site at depth and along the newly identified trend. We also have the proposed drill targets from Cominco that were never tested. We look forward to releasing the Wedge Project Drill Program very shortly.” Discover more about the Wedge Project through the videos linked below: The Wedge Project: Nine Mile Metals 100% Acquired Past Producing Mine w. Immense Untapped Potential Nine Mile Metals Discusses the Historical Significance and Future Potential of The Wedge Project The Nine Mile Metals Team Collects Samples from The Wedge Project Containing High Grades The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) these new XRF results continues to demonstrate the high-grade Cu potential at the historic Wedge Mine, (b) the Company looks forward to testing this site at depth and along the newly identified trend, and (c) we look forward to releasing the Wedge Project Drill Program very shortly. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES CERTIFIED LAB HIGH-GRADE RESULTS UP TO 19.0% COPPER AND 40.00% + (LEAD-ZINC), 142 g/t SILVER & 2.78 g/t GOLD AT HISTORIC WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Wednesday, August 2, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified results for VMS mineralization collected from the Wedge mine site in the world-famous Bathurst Mining Camp, New Brunswick, Canada. Discovered in 1956, Cominco operated the mine between 1962 to 1968 producing 1.5 million tonnes of predominantly copper ore. Despite a long exploration and operating history, technical data regarding the mine was not required to be reported to the New Brunswick Department of Energy and Mines, including drill logs, assay certificates, production figures and underground mine plans. Highlights: High Grade Results: 19% Cu, 10.25% Pb, 30%+ Zn, 97 g/t Ag, and 2.78 g/t Au. Samples were fine-grained massive VMS (Cu-Pb-Zn) mineralization collected at the Wedge mine site. The samples were either Cu rich with minor (Pb/Zn) or (Pb/Zn) rich with minor Cu. Most samples consisted of 90% and sulphides and minor quartz / accessory minerals. Assay results also indicate credits for both Au and Ag. Property re-processed geophysics and AI stage 1 analysis completed. Upcoming drill program designs permitted and completed. SAMPLE # (Cu) % (Pb) % (Zn) % (Pb-Zn) % (Ag) g/t (Au) g/t W23001 .292 9.57 17.20 26.77 97 2.78 W23002 2.06 .086 .982 1.068 6 .173 W23003 4.64 1.18 1.81 2.99 12 .138 W23004 3.19 1.095 1.57 2.67 10 .106 W23005 2.08 .118 .823 .941 7 .166 W23006 1.585 .106 1.52 1.626 7 .160 W23007 2.06 .115 1.12 1.235 9 .173 W23008 7.26 .288 .549 .837 15 .109 W23009 2.85 .086 .439 .525 5 .201 W23010 1.81 .435 .166 .601 27 .537 W23011 8.21 .151 1.27 1.421 45 .124 W23012 .456 3.14 .911 4.051 51 1.485 W23013 7.60 .049 .295 .344 33 .128 W23014 .712 10.25 > 30.0 > 40.25 142 .760 W23015 19.00 .172 .473 .645 11 .058 W23016 1.825 .135 1.04 1.175 6 .148 W23017 2.21 .316 .45 .766 16 .481 W23018 9.14 .093 .192 .285 10 .183 W23019 3.43 1.19 2.98 4.17 16 .134 W23020 4.12 2.84 1.785 4.625 22 .107 W23021 3.82 1.495 .755 2.25 13 .115 W23022 4.51 3.43 1.585 5.015 26 .130 W23023 3.09 4.28 3.30 7.58 33 .124 W23024 3.82 .375 .038 .413 15 .573 W23025 4.98 .129 2.11 2.239 7 .099 W23026 3.30 .667 1.375 2.042 8 .124 W23027 2.80 .117 .698 .815 5 .095 W23028 .441 2.76 1.38 4.14 52 1.22 W23029 7.72 .146 .698 .844 21 .135 W23030 1.845 .118 .321 .439 3 .169 W23031 3.12 .243 .369 .612 19 .461 W23032 9.61 .182 .506 .688 10 .161 W23033 .456 3.27 1.07 4.34 59 1.38 ** ALS Global Labs Certified Assay Results Patrick J. Cruickshank, MBA, CEO & Director stated, “These certified results clearly demonstrate the high-grade Cu potential at the historic Wedge Mine. Locally enriched zones of Pb /Zn were also present as seen with sample W23014 where the Zn assay exceeded the upper analytical range. We look forward to testing the mine at depth and along trend with our new re-processed AI targets on the property. Now that the phase 2 drill program has commenced at Nine Mile Brook again, we will drill the Wedge property and then California Lake after our Nine Mile Brook program concludes. The strength and quality of our portfolio will provide exploration opportunities for increasing shareholder value. We look forward to an extremely busy fall drill season on the (3) priority projects and announcing future drill results.” Sample W23001 Sample W23014 “The sample results show a wide range of copper mineralization, in addition to local enrichment of lead, zinc, silver, and gold. The team looks forward to continued exploration at the Wedge and surrounding targets along trend,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. Sample W23015 Historic Wedge Mine in Production 1960’s Sample Ore Collection Zone (Wedge Project) BMC The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) Nine will drill the Wedge property and then California Lake after it Nine Mile Brook program concludes, (b) the strength and quality of Nine’s portfolio will provide exploration opportunities for increasing shareholder value, (c) the certified results clearly demonstrate the high-grade Cu potential at the historic Wedge Mine, and (d) Nine looks forward to continued exploration at the Wedge and surrounding targets along trend. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information
NINE MILE METALS ANNOUNCES THE DRILL RIG MOBILIZATION FOR THE CONTINUATION OF PHASE 2 DRILL PROGRAM AT NINE MILE BROOK
VANCOUVER, B.C. – MONDAY JULY 10, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce the mobilization of Lantech Drilling Ltd. track mount rig for continuation of the Company’s stage 2 drill program at its flagship Nine Mile Brook VMS project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Following re-processing and technical analysis from Phase 1, refined targeting has identified a new structure crosscutting the project area west of the Lens. Defined by a chargeability high, the Nine Mile Structural Corridor contains individual targets along its boundaries that have never been drill tested. The completion of the 5,000m stage 2 drill program on the Nine Mile Brook VMS Project is scheduled to resume by July 17, 2023. Enhanced target definition has identified a massive new structure, the Nine Mile Structural Corridor, and new targets on the western flank of the Lens. The boundaries of the structure correlates to the Islands Trend in the west and the along a well-defined geophysical contact in the east. This structure has never been tested by drilling. The new structural trend identified by the chargeability west of the Lens may, due to extensive folding, contain felsic volcanics of the Spruce Lake Formation, host to known VMS mineralization in the BMC. Targeting is focused along both the western and eastern contacts of the Nine Mile Structural Corridor where favourable geology coincides with individual, discreet anomalies as in the north where veins of copper and zinc mineralization were intersected in drill hole T01-B-RM at the Islands. Re-interpretation of the geophysical and geological data further defined the regional trend and boundaries that host the Lens mineralization. New targets have been identified with a node at hinge A and its plunge to the north. Lantech’s track mounted drill rig provides ease of access reducing moving costs while also keeping environmental disturbance to a minimum. Lantech has also secured a REFLEX EZ-TRAC, a high precision magnetic and gravimetric instrument that can transfer vital downhole survey data in real time to assist in the planning, plotting, and modeling of data. Patrick J Cruickshank, MBA , CEO & Director stated, “Our reprocessing and further analysis from phase 1 of our drill program has identified a new structure that has never been tested. New analysis has identified this structure and its contacts as a high priority for testing the source of our Lens. This area has never been identified or drilled historically. Only by utilizing new algorithms and data from our phase 1 drilling have we been able to locate and define this area. The fact that it lines up exactly with the Islands contact has further added to its potential for minerialization. We look forward to further locating the source at the Islands for the VMS veins intercepted in phase 1. We are thrilled to announce a fully funded phase 2 mobilization next week and continue our exploration program at Nine Mile Brook. In the meantime, we are continuing to analyze and prepare for our Wedge and California Lake drill programs. We are proud to announce we have been selected and received the maximum amount of the New Brunswick Junior Mining Assistance Program Grant for our phase 2 drilling at our successful California Lake VMS Project from last fall 2022. This is a financial assistance program for private-sector mineral exploration companies. The maximum available is $50,000 and is intended to increase the probability of finding economically viable mineral resources in New Brunswick. Our successful identification and mineralization at our phase 1 drill program last fall 2022 has been identified and supported by the NB Government of Natural Resources and we are honoured to take this to the next level in phase 2 this summer. With the Wedge and the California Lake programs, we look forward to a very busy and successful summer/fall exploration season. We look forward to our next update.” “After merging the drill hole geology with the 3D geophysical model, a new structural trend has been identified on the Nine Mile Brook VMS Project where there has been no previous drilling. This is an exciting development and targeting in this stage is focused on more discreet, strong anomalies along the structural boundaries where favourable geology has been identified. This target area has always been considered a potential source of the Lens mineralization which may have moved into place following the many episodes of folding that define the deposits in the BMC,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of