Nine Mile Continues California Lake and Canoe Landing Lake East Option with First Anniversary Payments
VANCOUVER, B.C. – April 25, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of California Lake and Canoe Landing Lake East mineral projects, dated April 25, 2022 (the “Option.”) The Option and payments were previously announced on April 26, 2022. The Company has issued 333,334 common shares (“Common Shares”) at a deemed price of $0.2025 per share and paid $20,000 to the vendors, in accordance with the Option. 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: +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 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 ISSUES SHARES TO SCANDINAVIAN ALLIANCE FOR SERVICES
VANCOUVER, B.C. – April 5, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses the conversion of debt and share issuance pursuant to its Business Development & Marketing Consulting Agreement with Karlsson Group Limited doing business as Scandinavian Alliance (“Scandinavian Alliance”), entered into on March 1, 2023 (the “Agreement”). The Company has issued Scandinavian Alliance 150,457 common shares (“Common Shares”) at a deemed price of $0.2385 per share in a debt conversion for the payment of $35,884 owed to Scandinavian Alliance for work already completed under the Agreement. The Common Shares are subject to a four month and a day hold period. The consultant is not a related party 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. “Charles MaLette” President and Director T: +1.604-428-5171 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 CONTINUES TO DRILL ON ITS NINE MILE BROOK VMS PROJECT
The Company has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program. VANCOUVER, B.C. – Monday March 27, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce an update on its Nine Mile Brook VMS Project winter drill program. Winter drilling commenced on February 17, 2023 (see prior news release) on the Company’s Nine Mile Brook VMS Project utilizing a skid-mounted drilling rig operated by Orbit Garant Drilling Inc. based in Moncton, NB. Orbit Garant Drilling has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program. More than 730 metres of drill core are being logged, photographed, cut and prepared for rush assays, which is expected to take 2-3 weeks for each submission. All assays are being shipped directly to ALS Global in Moncton, NB. Due to the hardness and amount of core identified for assay, the Company is adding additional equipment and crew to assist in expediting this process. The certified Lab Assay results will be released as they are completed, reviewed, and analyzed. Nine Mile raised gross proceeds of $1,271,000 in December 2022. The current 5,000 metre drill program is estimated to cost $750,000. The Company is not raising additional funds at this time. The Company has also secured the return of Lantech Drilling’s track-mounted mobile rig to our Nine Mile Brook program. This second drill rig is expected to be mobilized before the end of April subject to weather conditions. We are also preparing permits for the new Wedge Project targets previously identified by EarthEX Geophysical Solutions and our Technical Team. EarthEX is also assisting Nine Mile in the design of additional advanced exploration programs on California Lake and the Canoe Landing Lake VMS Projects. Patrick J. Cruickshank, MBA, CEO & Director stated, “We are quite pleased with the execution of our drill program to date, and the amount of mineralized core identified for certified assays by ALS Global in Moncton. We look forward to adding the 2nd rig at Nine Mile Brook and continuing with our Flagship exploration program. This will allow us to focus on certain areas and continue the bigger program at the same time. I continue to be impressed with our technology driven exploration program design and execution.” “The program is being executed as planned, testing a variety of defined geophysical and geological targets. As drilling progressed, new targets and systems have been identified. We look forward to receiving our first assays and following up on those results,” 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., VP Exploration and 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 our 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: +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 these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the certified Lab Assay results will be released as they are completed, reviewed, and analyzed, (b) by adding the 2nd rig at Nine Mile Brook and continuing with our Flagship exploration program, this will allow us to focus on certain areas and continue the bigger program at the same time, (c) more than 730 metres of drill core are being logged, photographed, cut and prepared for rush assays, which is expected to take 2-3 weeks for each submission, (d) this second drill rig is expected to be mobilized before the end of April subject to weather conditions, (e) he current 5,000 metre drill program is estimated to cost $750,000, and (f) we continue to be impressed with our technology driven exploration program design and execution. 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 advances projects with ‘five-star’ locations in Bathurst Mining Camp
BY NORTHERN MINER STAFF Nine Mile Metals’ (CSE: NINE; US-OTC: VMSXF) flagship Nine Mile Brook critical minerals project in northern New Brunswick sits in the heart of the Bathurst Mining Camp, a circular area of about 70 km in diameter in the province’s Miramichi Highlands. The BMC hosts 46 known deposits (25 with reserves over 1 million tonnes) and another 100 mineral occurrences, according to the province’s Ministry of Natural Resources and Energy Development, and it has been the focal point of exploration since the 1950s, when two massive base metal deposits — No. 6 and No. 12 — were discovered. The Vancouver-based junior’s Nine Mile Brook project is 10 km southwest of the Brunswick No. 12 lead-zinc-copper mine, which operated for 49 years until it closed in 2013, and still ranks as one of the largest underground zinc mines in the world. Nine Mile Brook also lies just 13 km from the Brunswick No. 6 copper-lead-zinc mine, which was in production from 1966 until 1983. “This is the third largest mining camp in the world and the government and us both believe from the geology and geophysics that only 30% of its deposits have been discovered and there is a larger one than the Brunswick 12 waiting to be discovered,” says CEO Patrick Cruickshank. “You can see spatial deposits almost every 10 km.” Nine Mile Brook and the company’s two other projects, Canoe Landing Lake and California Lake, 8 and 10 km to the west, respectively, are all in “five-star locations,” he says. “Our projects are in the mineralized folded saddle in the camp and very little work has been done there. No one wanted to explore there because it’s so complex.” One of the reasons it’s such a difficult environment is that five episodes of structural deformation have been identified, rock units are near vertical and there’s less than 1% outcrop in the camp. “The deposits are twisting and folding, and you can drill 100 holes and not hit anything.” Technology and analytical advancements are making exploration more accessible, however. Nine Mile Metals is working with EarthEx Geophysical Solutions to accelerate targeting using close-spaced UAV drone magnetics and proprietary algorithm processing along with artificial intelligence (AI) target extraction processes. “Every 20 years or so there is a breakthrough in new geophysical technology — magnetics, gravity, VTEM and so on— and the latest is UAV high-definition magnetics with proprietary processing algorithms and AI machine learning,” Cruickshank says, adding that the results of the company’s last two drill programs prove that statement true. At Nine Mile Brook, results from the first drill program “are the richest copper results in the history of the mining camp,” he says. Drill hole NM22003 intersected 10.5 metres of 6.92% copper, 5.6% zinc, 2.52% lead, 179.28 grams silver per tonne, and 1.33 grams gold starting from surface. Drill hole NM220004 returned 15.1 metres grading 10.12% copper, 1% zinc, 1.41% lead, 91.47 grams silver, and 0.84 gram gold from surface; and drill hole NM220005 cut 11 metres grading 9.59% copper, 11.93% zinc, 2.90% lead, 283.31 grams silver and 1.65 grams gold. For the second phase program, the company chose targets based on results from phase 1 and EarthEx’s UAV drone technology with 3-D magnetic modelling defining subsurface geological structures. The survey identified potential structural mineralized folds in the system with details visible to a depth of up to 1 km. In addition to the magnetometer, the drone is equipped with a LiDAR (light detection and ranging) laser imaging system that provides real-time data for collision avoidance, allowing the drone to fly as low as possible. A magnetic base station is also established to continually collect data and identify diurnal changes in the magnetics. Nine Mile Metals is now drilling its secondphase, 5,000-metre program, which will target 18 individual geophysical anomalies at Nine Mile Brook. At its California Lake project, the initial stage 1 drill program was completed in November. The 1,226-metre program included eight shallow holes collared to intersect VMS mineralization along a 1.5-km, late time conductance electromagnetic anomaly defined by EarthEx. Seven of the holes intersected multiple VMS horizons within a sheared sedimentary package. “That’s unheard of in a first pass,” Cruickshank says. “Usually, you are happy to have one hole clip any mineralization on an initial shallow program. We actually drilled seven of eight holes with multiple VMS zones.” This first-pass program was based on an initial re-processing of public MegaTEM datasets by EarthEX and overlaying late-time conductive responses utilized by their algorithms’ analysis. “We didn’t even fly the drone, that’s how good the technology is just to process the data, and this summer we will do a complete phase two at California Lake, fly the drone, and then come back with a 5,000- to 10,000-metre drill program on the high-end targets and we’ll do the same at Canoe Lake,” he says. “We have definition no one has ever seen before, it’s pretty incredible, and provides us with an excellent exploration road map.” To Download the Article, Click the Link Below! Northern Miner – Mining.com PDAC Edition Article
Nine Mile Metals Shareholder Letter
NINE MILE METALS CONTINUES ITS DRILL PROGRAM AT NINE MILE BROOK PROJECT AND INCREASES ITS LAND PACKAGE BY 51.79 KMS2 TO A TOTAL OF 121.97 KMS2 WITH (4) STRATEGIC PROPERTY ACQUISITIONS Regional Land Portfolio increases to include (4) VMS Projects totaling 121.97 kms2 (552 claims). The “New” Wedge Project acquired including the Wedge Deposit, 164 claims totaling 36.24 kms2. California Lake Project acquires the “40 Mile Brook Property”, 30 Claims totaling 6.60 kms2. Nine Mile Brook Project acquires the “West Nine Mile Brook property”, 29 claims totaling 6.38 kms2. Strategic land package over the Nine Mile Synform area of the World-Famous Bathurst Mining Camp We are extremely proud to have built our project portfolio in the most prospective area of the BMC and look forward to applying our leading-edge exploration techniques to our projects in a regional scale. Our current Nine Mile Brook drill program is progressing on schedule and we are very pleased with the Orbit Drill team and their performances. We are currently developing our 2023 program and look forward to announcing our roadmap for the season. Any time you can add value to our portfolio through high quality projects and an opportunity to re-analyze an existing deposit with a historical resource and apply our new technology to identify a trend (horizon) with new priority targets, is nothing short of exciting for our team. We are dedicated and focused on this area of the camp that is complex and under explored but we believe is the most attractive for our exploration efforts. PDAC Our team will be at Prospectors & Developers Association of Canada (PDAC) Conference March 5 to March 8, 2023. Our CEO Patrick Cruickshank, VP Exploration & Geologist Gary Lohman and some others from our exploration team will be present. Our schedule is as follows: Windfall GeoTek AI Booth #2149 Monday Tuesday Wednesday 9:30-11:30am EarthEX Geophysical Solutions Booth #1431 Monday Tuesday Wednesday 1:00-3:00pm Presentation & Website We have just updated our Investor Presentation, click here to view. The team is currently working on updating the website and hopes to have the refreshed version available soon. Thank you for following the Nine Mile Metals story, “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com 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 (4) 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.
NINE MILE METALS ANNOUNCES SCANDINAVIAN ALLIANCE CONSULTING AGREEMENT
VANCOUVER, B.C. – Thursday March 2, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has entered into a consulting services agreement dated March 1, 2023 (the “Consulting Agreement”) with Karlsson Group Limited, doing business as Scandinavian Alliance (“Karlsson”) for a period of three months. Karlsson will undertake a comprehensive European awareness campaign for the Company, including consultation, advice, heightening brand awareness, broadening the Company’s reach within the Scandinavian audience, and similar activities designed to further the business and development interests identified by the Company. During the three-month term of the Consulting Agreement, the Company will pay Karlsson $35,884 per month, in arrears. Instead of receiving cash, Karlsson may choose to convert the debt owing to it into shares of the Company at a 10% discount on the Company’s 5-day VWAP prior to the end of the month in question, subject to the minimum price allowed by the policies of the Canadian Securities Exchange. Such shares will be subject to a four month and a day hold period as required pursuant to applicable securities laws. 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 (4) 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: +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 these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that Karlsson will provide the services as described above. 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 ANNOUNCES DRILLING BEGINS ON ITS NINE MILE BROOK VMS PROJECT
VANCOUVER, B.C. – February 17, 2022, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that winter drilling has commenced at the Company’s Nine Mile Brook VMS Project, utilizing skid-mount drill rigs operated by Orbit-Garant Drilling Inc. based in Moncton, New Brunswick. The drill program has re-entered Hole T05-A that was partially drilled prior to Holiday Winter break. The Company originally announced the drill program on January 16, 2023 and January 31, 2023. Nine Mile will announce further drilling updates over the coming weeks. Follow us on our social media platforms for timely updates, listed below. “We are excited to have re-commenced our high priority Nine Mile Brook drill program with our larger, deeper skid mounted rig from Orbit-Garant, specialists in deeper drill targets programs. The exploration team is onsite and continuing with the T05-A hole at Hinge A Target Zone hole we capped when the Holiday Break began. We have also confirmed several additional target drill holes over this area based on the most advanced technical analysis from our Technical Team. We look forward to updating our exploration news shortly. We are also excited to welcome Oak Hill Financial & Global Media One. We are driven to build the most advanced and specialized team we can on and off the field”, stated Patrick J Cruickshank, MBA CEO & Director Marketing Agreement The Company has also engaged the services of Global Media One Limited (“Global Media One”) to manage social media on the Company’s behalf, including the distribution of news releases, interviews, and other similar services. Global Media One does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest. Global Media One may provide additional services in the future. About Global One Media Global One Media is an innovative investor-focused digital marketing agency solving the needs of small and mid-cap listed companies. We deliver creative and effective solutions for brand positioning and strategic communications across all industries, specializing in investor engagement and growth marketing for listed and pre-IPO companies. Using our global network, we help public companies dominate their sector amid the web and social media landscape, tell their story in an engaging manner, and reach millions of investors around the world. 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: +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 these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company is resuming a 5,000m drill program which will concentrate on new targets that have been identified at its high-priority ‘Hinge A’, (b) Nine Mile will announce further drilling updates over the coming weeks, (c) Global Media One may provide additional services in the future, and (d) we look forward to updating our exploration news 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 ACQUIRES THE WEDGE PROJECT INCLUDING THE WEDGE COPPER DEPOSIT PROJECT
VANCOUVER, B.C. – Thursday February 16th, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has entered into a Mineral Property Option Agreement dated February 9, 2023 (the “Agreement”) to acquire a 100% interest in the Wedge Project from Slam Exploration Ltd. (“SLAM”). The Wedge Deposit was mined by Cominco and produced 1.503MT grading (2.88% Cu, 0.65% Pb, 1.81% Zn, 20.6 g/t Ag). The Wedge Property consists of 114 claim units covering 25 km2. The Wedge deposit was discovered by Cominco in 1957-58 after drilling an EM Anomaly Proprietary New technology (UAV 3D and AI) will be utilized to explore the entire mineralized trend at depth and along the wedge horizon including the massive western property targets. The Tribag and West Wedge occurrences have not been tested at depth and is open in all directions along the trend. The Wedge Project borders our California Lake & Canoe Landing Lake Projects and solidifies our regional land portfolio in the highly regarded BMC Saddle folds. Nine Mile Metals also staked the “Three Corner Lake” property from the NB DEM eclaims. This property includes 50 claim units covering 11 km2, just west of the newly acquired Wedge Property. The (2) properties will be grouped together and be managed as “The Wedge VMS Project” under the Nine Mile Metals Portfolio Assets. Patrick J. Cruickshank, MBA CEO & Director stated, “We are pleased to add this project to our priority portfolio in the BMC. We are developing our advanced exploration program for 2023 utilizing our Technical Team’s proprietary UAV 3D & AI target extraction and machine learning analytics processes on the Project’s new and existing targets, including the former producing Wedge Copper deposit. The Wedge deposit was considered a Copper deposit so where is the rest of the VMS occurrence? (Pb, Zn, Ag & Au) We look forward to taking an advanced new approach to the Wedge deposit at depth and along our identified mineralized Wedge Trend fold. We are particularly interested in the massive western magnetic anomaly. The Wedge deposit and the mineralized fold trend is a very high priority and we cannot wait to apply our process on this deposit area. We aim to continue to develop and offer the highest quality project portfolio to increase shareholder value in Nine Mile Metals.” “The Wedge and adjacent occurrences are all associated with key geological units, the Nepisiguit Falls and Spruce Lake Formations, which host both VMS deposits and VMS mineralization in this portion of the BMC. With mineralization open at depth and along strike, the deposits and the complete land package, will greatly benefit from advanced data acquisition and analysis,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. “This acquisition by Nine Mile is in the center of the Bathurst Mining Camp with great potential for zinc, lead, silver and copper discoveries. The property is host to four volcanogenic massive sulphide (VMS) occurrences including the former producing Wedge copper deposit. These are high priority targets ready to drill. I look forward to Nine Mile applying their leading edge proprietary UAV 3D – AI Technologies to this very high priority project,” stated Mike Taylor, CEO Slam Exploration. Mineral Property Option Agreement To exercise its option to acquire the mineral property interests, Nine Mile must pay an aggregate of 1,200,000 common shares and $150,000 to SLAM, during a period of up to four years as follows: (a) pay 100,000 common shares and $10,000 on the date of the Agreement; (b) pay 200,000 common shares and $20,000 on the first anniversary of the date of the Agreement; (c) pay 200,000 common shares and $30,000 on the second anniversary of the date of the Agreement; (d) pay 300,000 common shares and $40,000 on the third anniversary of the date of the Agreement; and (e) pay 400,000 common shares and $50,000 on the fourth anniversary of the date of the Agreement; The Company has agreed to keep the claims in good standing during the term of the agreement but has not agreed to any minimum exploration expenditures on the Property. The Company may purchase half of the 2% Net Smelter Royalty at any time for the price of $1,000,000. The agreement was negotiated at arm’s length. All Company shares issued to SLAM will be subject to four-month resale restrictions in accordance with Canadian securities legislation. The transaction does not represent a change of business. There will be no change of directors or officers of the company required by the transaction. The transaction is at arm’s length. No finder’s fees, broker’s fees or other commissions are payable in connection with this transaction. A copy of the Agreement is filed along with the Company’s public disclosure on SEDAR. 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. “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
NINE MILE METALS ANNOUNCES ENGAGEMENT OF OAK HILL FINANCIAL INC. FOR INVESTOR RELATIONS
VANCOUVER, B.C. – Friday February 10, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has entered into an advisory services agreement (the “Consulting Agreement”) with Oak Hill Financial Inc. (“Oak Hill”) to provide business and capital markets advisory services including investor relations. Nine Mile has entered into the Consulting Agreement dated February 8, 2023, at a monthly fee of $10,000 plus applicable taxes, for as long as the agreement is in effect. Oak Hill will provide investor relations services to Nine Mile with a focus on providing turn-key solutions for investor relations, marketing in the investment community, targeting advisor channels of distribution. Patrick J Cruickshank, MBA, CEO and Director, stated, “We are extremely excited to work with Oak Hill to enhance our corporate image and visibility of our Critical Minerals projects in the world famous Bathurst Mining Camp, NB. We aim to create new awareness, within the financial community domestically in Canada and globally. We strive to broaden our shareholder base and increase our exposure, through Oak Hill’s community of investment advisors and institutional fund managers.” “Oak Hill is delighted to partner with Nine Mile to provide greater exposure for its Critical Minerals projects in the Bathurst Mining Camp. With strong investor interest in battery metals and Nine Mile’s results demonstrating the highest grades of copper ever posted in the region, we are optimistic investor response to our outreach efforts will be positive”, stated Jonathan L Robinson, CFA, Partner Oak Hill does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest. Oak Hill may provide additional services in the future. About Oak Hill Financial Oak Hill Financial is a leading Canadian marketing and distribution firm, focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill Financial’s experienced team of former asset management wholesalers, research analysts and capital market professionals specialize in building credibility for their clients to a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds. 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 these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) Oak Hill will provide investor relations services to Nine Mile with a focus on providing turn-key solutions for investor relations, marketing in the investment community, targeting advisor channels of distribution, and (b) we are optimistic investor response to Oak Hill’s outreach efforts will be positive. 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 ACQUIRES WEST NINE MILE BROOK PROJECT AND ENGAGES ARTIFICIAL INTELLIGENCE COMPANY WINDFALL GEOTEK
VANCOUVER, B.C. – Thursday February 9, 2023 NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has purchased the “West Nine Mile Brook” Project from Windfall Geotek Inc. (“Windfall”) and further engaged their AI services to be applied to our entire Project Portfolio in the World Famous Bathurst Mining Camp (BMC)., New Brunswick Canada. West Nine Mile Brook Property (29 Claim Units covering 6.3 sq kms), On the southern boundary of the folded, mineralized Nine Mile Synform, Identified (3) High Priority Target Nodes (A, B, C) similar to those defined by EarthEx at Nine Mile Brook. Host rocks the same as those identified at the Wedge Deposit (previously milled by Cominco, 1.503 MT (2.88% Cu, 1.6% Zn, 0.65% Pb and 20 g/t Ag). Located along the southern boundary of the Nine Mile Synform, (3) never tested, High Priority Targets have been identified along a well defined geological contact. Host rocks include volcanics and sediments of the Little River Formation which also forms the structural footwall of the Cu, Pb, Zn Ag Wedge Deposit (Cominco milled 1.503 MT (million tonnes) grading 0.65% Pb, 1.6.% Zn, 2.88% Cu and 20.0 g/t Ag). Additional small deposits are also present along parallel structures to the northwest. No drilling has been conducted along this prospective trend. As you can see from Figure 1, (yellow occurrences) there is a highly identified mineralized trend that should continue through our new property and be associated with the (3) high priority magnetic highs (Nodes). Patrick J. Cruickshank, MBA, CEO & Director states, “This acquisition of West Nine Mile Brook, is a valuable addition to our Nine Mile Brook VMS Portfolio. The Nine Mile Mineralized Synform continues through our new property and has never been tested. We have identified (3) high priority targets within the folded trend and as you can see, numerous VMS occurrences have been discovered on this trend and nodes. We are committed to continuing to enlarge our geophysical footprint in the BMC and add quality value for our shareholders through growth and acquisition strategies. Our work with Windfall Geotek and its proprietary Artificial Intelligence analysis will be applied to our entire project portfolio (Nine Mile Brook, California Lake And our Canoe Landing Lake (E&W). Working with EarthEX Geophysical Solutions Inc., Windfall and our entire Technical Team is focused on increasing shareholder value and driving our exploration program to success. This analysis compliments and carries all our programs to the leading edge advanced stages in our future programs here at Nine Mile Metals.” Dinesh Kandanchatta, Chairman of Windfall added, “We are excited to work with Patrick and the Nine Mile Metals Team on this project. Technologies such as ChatGPT are expanding the art of the possible with AI. Visionaries like Patrick are leading the expansion of AI adoption in the exploration sector. This multi year program represents what is possible when AI driven technology companies and exploration companies work together.” Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary (AI) and data mining techniques. Windfall Geotek has a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other base or precious metal deposits. The Company acquired the West Nine Mile Brook claim from Windfall in exchange for the issuance of 232,143 shares of the Company (the “Consideration Shares”). The Consideration Shares are subject to a four month hold period as required pursuant to applicable securities laws. The mineral claim is located in Bathurst Mining Camp, New Brunswick, Canada. The claim is subject to a 2% net smelter return (“NSR”), with the right to purchase back 50% of the 2% NSR for $500,000. Windfall is an arm’s length party to the Company. 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 these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other base or precious metal deposits, (b) there is a highly identified mineralized trend that should continue through our new property and be associated with the (3) high priority magnetic highs (Nodes), (c) the Nine Mile Mineralized Synform continues through our new property, (d) we are committed