NINE MILE METALS ANNOUNCES MOBILIZATION OF DEEP DIAMOND DRILL RIG FOR PHASE 2 OF ITS NINE MILE BROOK VMS DRILL PROGRAM
VANCOUVER, B.C. – TUESDAY JANUARY 31, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce the scheduled mobilization of our Winter Skid Mount Drill Rig for continuation of its 5000m Stage 2 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Nine Mile Brook VMS Project resumes its 5000m Stage 2 Drill Program. New Targets Identified at “Hinge A” Target Area and Necessary Permits Received. Skid Mounted, Enclosed, Winterized Deep Drill Rig Mobilizes February 4, 2023 to site at BMC Orbit-Garant Drilling Inc. Specializes in Executing Deeper Diamond Drill Programs up to 3000m. Moncton, New Brunswick based Orbit-Garant Drilling has been secured for our Winter Drill Program at our Nine Mile Brook VMS Project. Their skid mount rig system is winterized, enclosed and more powerful for the deeper portion of our drill program at Nine Mile Brook. Mobilization is scheduled for February 4, 2023, along with line cutters and snowmobile infrastructure confirmed for access to new drill hole targets. Orbit Garant Drilling is ECOLOGO accredited, recognized for their mineral exploration services, and certified for responsible environmental and social best practices. ”After reviewing the new data on the Lens Area drilling and updated Hinge A data analysis during the holiday break , additional drill holes are planned for the Hinge “A” target area. EarthEX and our Geological Team are excited to begin this High Priority Deeper Drill phase of our program. We have obtained the necessary permits for the new targets at “Hinge A” and the new eastern flank,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. 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) additional drill holes are planned for the Hinge “A” target area, and (b) mobilization is scheduled for February 4, 2023, along with line cutters. 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 DRILL RESULTS ON HOLES CL22-12 & CL22-13 AT THE CALIFORNIA LAKE VMS DRILL PROGRAM
VANCOUVER, B.C. – TUESDAY JANUARY 24th, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide the Certified Assay results from ALS Global Labs for VMS target holes CL22-12 and CL22-13, at its initial Phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). CL22-12 (Upper Zone) 15m to 35.30m (1.15m width) Certified Assays (0.20% Cu, 2.64% Pb, 8.07% Zn, 78 g/t Ag & 1.38 g/t Au) CL22-12 (Lower Zone) 04m to 52.60m (1.56m width) Certified Assays (0.09% Cu, 4.09% Pb, 12.59% Zn, 100. g/t Ag & 1.04 g/t Au) CL22-12 (Lower Zone) 04m to 52.60m (0.56m width) Certified Assays (0.11% Cu, 8.66% Pb, 22.3% Zn, 172 g/t Ag & 1.63 g/t Au) CL22-13 (Lower Zone) 23m to 53.23m (2.0m width) Certified Assays (0.17% Cu, 1.08% Pb, 5.64% Zn, 27.00 g/t Ag & 0.54 g/t Au) Highlights: VMS Target Hole CL22-12 was collared approximately 75 meters northwest of discovery hole CL22-06 and drilled towards its collar, dipping – 45 degrees to a depth of 62 meters intersecting (7) zones of massive VMS mineralization between 34.15 and 52.60 meters (18.45m.) Hole CL22-12 From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) Overall 34.15 52.60 18.45 0.05 0.79 2.52 3.31 22.40 0.29 Upper Zone 34.15 38.82 4.67 0.09 0.89 3.17 4.06 28.31 0.48 Lower Zone 48.80 54.60 5.80 0.06 1.93 5.75 7.68 49.84 0.53 Including 49.60 52.60 3.00 0.07 2.63 8.04 10.67 64.62 0.65 Including 52.04 52.60 0.56 0.11 8.66 22.3 30.96 172 1.63 VMS Target Hole CL22-13 was drilled from the same setup as CL22-12 along the same azimuth dipping – 55 degrees to a depth of 80 meters to test the depth extension of the mineralization in CL22-12. The hole intersected (3) zones of visible massive VMS mineralization between 49.23 and 59.00 meters (9.77m). Hole CL22-13 From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) Overall 49.23 59.00 9.77 0.06 0.37 1.77 2.14 11.23 0.22 Including 51.23 56.44 5.21 0.11 0.68 3.29 3.97 20.18 0.40 Including 51.23 54.48 3.25 0.15 0.87 4.38 5.25 24.90 0.50 Including 51.23 53.23 2.00 0.17 1.08 5.64 6.71 27.00 0.54 VMS mineralization in both drill holes was again dominated by Zn, mineralization, with individual sample sections up to 22.30% Zn. (Up to 30.96% combined Pb – Zn) Pb mineralization is very fine grained and locally difficult to identify. The copper mineralization was visible, occurring as very small, 1 – 2mm. blebs of chalcopyrite best seen on cut drill core. Ag mineralization is directly related to the presence of lead (Pb), as demonstrated by sample226239 in hole CL22-12 which assayed 8.66% Pb and 172 g/t Ag. Au also accompanies the VMS mineralization, averaging 0.86 g/t Au in the VMS sections of the 2 drill holes, the highest value assaying 1.625 g/t Au from sample 226239 (CL22-12). Both drill holes demonstrate that the mineralized zone is open in both directions along strike and depth. Patrick J Cruickshank, MBA, CEO & Director stated, “We were very impressed by the larger intersects of Hole CL22-12 of 18.45m and Hole CL22-13 of 9.77m. Hole CL22-12 has an Upper & Lower Zone with impressive results. Both holes have strong Zinc-Silver & Gold assay mineralization. Anytime you drill a hole and hit 18.45m of 22.40 g/t Ag & 0.29 g/t Gold, you must take notice and that indicates a strong VMS system below. Hole CL22-13 also hit 5.21m of 20.18 g/t Silver & 0.40 g/t Gold, respectively. We are currently developing the advanced exploration program for this 1.5kms long target with our Technical Team including EarthEX and our 3D Drone UAV systems with proprietary algorithms processing and AI analysis.” Drill Holes CL22-12 and CL22-13 approached the mineralized zone from the west, both intersecting numerous zones of visible VMS mineralization, CL22-13 undercutting CL22-12 at depth. The host rocks are primarily sediments with local bands of volcanics. Mineralization is typical of the BMC with sections consisting of 95%+ sulphides including pyrite, sphalerite (Zn) galena (Pb) and locally disseminated (Cu) chalcopyrite. “Drill Holes CL22-12 and CL22-13 continue to demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data. The presence of appreciable Au and Ag is consistent with occurrences in this portion of the California Lake area of New Brunswick. The team is looking forward to modeling the geology and assays prior to initiating the 2023 program,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The Pb, Zn mineralization suggests that initial deposition occurred along the flanks of a VMS mineralization however the dense sulphides remain intact having generally hard contacts with the surrounding sediments. Individual mineralized widths within the 10-meter section can be greater than 2.5 meters as seen in CL22-13. Pyrite mineralization is also present within the sediments. 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 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
Nine Mile Metals Provides Drilling Program Update at Flagship Nine Mile Brook VMS Project
An 18-hole high priority drill targets have been proposed to intersect a variety of high chargeable, conductive, resistive, and magnetic anomalies conducted over the Lens, Islands and Hinge A target areas Nine Mile Metals is currently working with a technology partner to create an interactive 3D model of the Nine Mile Brook Project VANCOUVER, B.C. – Monday January 16, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on the drill program at its flagship Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (“BMC”) in New Brunswick. Following data analysis and interpretation by EarthEX Geophysical Solutions Inc. (“EarthEX”) of a 21-line kilometer Induced Polarization (I.P.) survey conducted over the Lens, Islands and Hinge A target areas, a total of eighteen (18) high priority drill holes have been proposed to intersect a variety of high chargeable, conductive, resistive, and magnetic anomalies (Figure 1). This was the direct result of the orientation grid conducted last October that compared IP vs EM designed surveys. The surprising result was that the IP Chargeability of our Willett Lens drill core yielded an extremely high signature that challenged the EM conductivity response. Prior to drilling, EarthEX recommended we conduct a 21-line km IP survey for target definition. This was chosen to identify the copper-gold component of additional Lens’ and the source deposits. The Lantech drill team commenced the drill program on December 4, 2022, completing (3) Lens Area target holes (T03-B, T04-A and Lens Hole NM2208) totaling 521m. The initial drill hole T03-A, (Figure 1) was collared approximately 70 meters northwest of the lens and drilled due east at a dip of – 60 degrees to 229 meters to test an I.P. chargeability target at approximately 200 meters. The drill hole intersected a variety of sheared and faulted sediments with local, disseminated sulphides. Drill hole T04-A was collared approximately 150 to the north of T03-A and drilled due east at a dip of – 60 degrees to a depth of 262 meters again, targeting an I.P. response at approximately 225 meters along the same north / south trending chargeable horizon. A 25-meter section of siliceous, pyritic breccia / rhyolite including massive sulphides, was intersected in the upper portion of the drill hole in addition to graphitic sediments. The sulfides varied between both disseminations and stringers, confirming the presence of the system associated with the lens mineralization. The drill holes confirm a coherent conductive trend suggesting the mineralization at the lens has undergone minimal transport and is from a more local source. During the holiday break, the Technical Team had the advantage to analyse and interpret the initial holes drill program data, geology and samples. The drill logs and sampling data were forwarded to EarthEX for integration into the live 3D model (Figure 3). Following analysis by the Technical Team including EarthEX, the resulting analysis produced additional target holes, including T09-A (Figure 2) and a deeper 500m hole in the original Lens area. Once drilling in the “Hinge A” area is concluded, we will return to the original Lens Area, on our way to “The Islands”, and newly defined, priority targets along the California Lake Group contact zone. Located approximately 1 kilometer northwest of the Lens, this is a separate VMS system, the rocks host to 11 VMS deposits / occurrences in the BMC including the Caribou Mine. “After a very successful California Lake VMS Drill Program, we were extremely eager to drill our Flagship Nine Mile Brook VMS Project. After just getting started prior to the holiday break, we have had the luxury of a nice pause to update our exploration model, analyze the geology, integrate all the 18 high priority targets and add a few new strong deeper signatures identified after the (3) drilled Lens Area Targets. This process has identified (2) new exciting top priority targets (T09-A, a massive SW magnetic anomaly east of Hinge A and a deeper massive signature below the original Willett Lens). To date, a total of 30 samples were cut and forwarded to ALS Global for certified analysis. No assays have been received from the lab at this time. The team looks forward, to the continued drill program in this target rich environment” stated Gary Lohman, B.Sc., P. Geo., Director, VP Exploration. Drill Hole NM2208 Lens, (Figure 1) was collared on the north edge of the outcrop that hosts the VMS bearing lens that was drilled last Spring. The hole was drilled to the south at a dip of – 50 degrees for 30 meters, intersecting a section of the lens target including pyritized rhyolite and VMS mineralization. Due to environmental concerns including snow runoff and potential water contamination, this hole was not accessible in the Spring. Necessary to quantify the Lens dimensions for RPC and the bulk sample project, this very short hole was completed prior to the holiday break, the collar established on solid, frozen ground. This information & samples have been forwarded to RPC for the ongoing metallurgical bulk sample analysis. We look forward to confirming the Willett Lens body dimensions and bulk tonnage. Patrick J. Cruickshank, MBA, CEO & Director stated “we are very pleased with the initial phase of our Nine Mile Brook stage 2 drill program. Integrating an enclosed, more powerful drill rig, capable of staying on plane at depth, will be highly advantageous as we enter the next phase of the drill program at the high priority folded nose & formation at the “Hinge A target area”. The EarthEX 3D subsurface geophysics live-modeling clearly shows the massive magnetic body size and scale at this potential source location. It is such a powerful exploration tool showing the individual magnetic “Islands targets” and we look forward to sharing our 3D model in the near future. We are securing 3D presentation technology that will make that possible. We look forward to further updates on our 5000m Nine Mile Brook drill program.” The disclosure of technical information
NINE MILE METALS ANNOUNCES CERTIFIED DRILL RESULTS ON HOLES CL2208 & CL2211 ON CALIFORNIA LAKE VMS PROJECT
VANCOUVER, B.C. Tuesday January 3, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the ALS Global Labs certified assay results for VMS target holes CL2208 and CL2211 at its initial Phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Highlights: VMS Target Hole CL2211 was a step out hole collared approximately 20 meters north of discovery hole CL2206 and drilled to a depth of 80 meters intersecting (4) zones of massive VMS mineralization between 51.10 and 62.00 meters (10.90m.) Section From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) OVERALL 51.10 62.00 10.90 0.07 0.98 3.33 4.31 29.76 0.40 including 51.10 56.00 4.90 0.11 1.95 6.27 8.22 58.58 0.77 including 54.04 56.00 1.96 0.21 3.72 11.54 15.26 123.67 1.80 Including 59.63 62.00 2.17 0.06 0.43 2.27 2.70 13.39 0.22 VMS Target Hole CL2208 was collared near hole CL2206 and drilled at an azimuth of 312 degrees to a depth of 89 meters intersecting visible massive VMS mineralization between 65.33 and 72.50 meters (7.17m.). Section From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) OVERALL 65.33 72.50 7.17 0.06 1.18 3.79 4.97 30.68 0.41 including 67.33 72.50 5.17 0.09 1.64 5.25 6.89 42.35 0.56 including 67.33 70.50 3.17 0.14 2.65 8.50 11.15 68.44 0.91 VMS mineralization in both drill holes was again dominated by Zn, Ag & Au mineralization, with individual sample sections up to 11.54 % Zn, 123 g/t Ag & 1.70 g/t Au. Pb mineralization was much more discreet. Both drill holes demonstrate that the multiple mineralized zones are open in both directions along strike and depth. Patrick J Cruickshank, MBA, CEO & Director stated, “As these assays display, we are pleased to announce that the widths on these holes clearly demonstrate a good system was identified here at eastern flank of our California Lake VMS Project. To have a 10.90m mineralized finger system with these results, only 50m below surface, is extraordinary. We are also highly encouraged by the Ag & Au results in this system and are highly motivated for the 2023 follow up program with our advanced proprietary technical systems. We are concentrating now on a designed program to explore the entire 1.5km long target feature to identify the source at depth.” The Pb, Zn mineralization suggests that initial deposition occurred along the flanks of a VMS system where Pb / Zn is typically dominant. Subsequent shearing and structural activity have dislocated the mineralization however the dense sulphides remain intact having generally hard contacts with the surrounding sediments. Individual mineralized widths within the 10-meter section can be greater than 3 meters. Pyrite mineralization is also present within the sediments. “Drill Holes CL2208 and CL2211 continue to demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data. The intersections to date are robust and typical of the Bathurst Mining Camp. Local higher-grade Au and Ag intersections are encouraging in this portion of the BMC. The team is looking forward to advancing the program in 2023,” stated Gary Lohman, B.Sc., P. Geo., Director, VP Exploration. 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, VP Exploration 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 Mineral Exploration (CME) positioning for the technology 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) drill holes CL2208 and CL2211 continue to demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data, (b) we are looking forward to advancing the program in 2023, and (c) we are highly motivated for the 2023 follow up program with our advanced proprietary technical systems. 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 DRILL RESULTS UP TO 16.85% (LEAD-ZINC) COMBINED, 142 G/T SILVER (4.56 OZ), 3.69 G/T GOLD AT ITS INITIAL CALIFORNIA LAKE VMS DRILL PROGRAM
VANCOUVER, B.C. Thursday December 22, 2022 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified assay results for its VMS target Holes CL2206 and CL2207 at its initial Phase 1 drill program on the California Lake VMS Project, in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Highlights: In drill hole CL2206, (4) mineralized zones were intersected between 45.80 and 56.20 meters (10.40m). Drill Hole CL2207 intersected (6) mineralized zones between 39.05 and 49.40 meters (10.35m). Strong Silver (Ag) and Gold (Au) is confirmed in the VMS Finger System, the Au values determined by Fire Assay. Once assays between the VMS Zones are received, we will summarize full drill width mineralization Table 1: Drill Hole CL2206 Certified Assay Results Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb+Zn (%) Ag (g/t) Ag (Oz) Au (g/t) 226016 45.80 46.88 1.08 .113 2.98 8.41 11.39 142 4.56 1.04 226017 46.88 47.45 0.57 .104 2.07 6.51 8.58 65 2.10 .889 226018 47.45 48.12 0.67 .018 .133 .886 1.019 7 .225 .063 226023 52.00 53.08 1.08 .145 1.40 11.2 12.60 44 1.41 .501 226028 55.48 56.20 0.72 .1328 2.29 9.18 11.47 32 1.03 .616 Drill hole CL2206 was the discovery drill hole, intersecting multiple horizons of VMS mineralization. Mineralization was typical BMC style, consisting primarily of Zn, lesser Pb and Cu. The mineralization is structurally controlled, the VMS horizons occurring within a sheared sedimentary package as seen in drill hole CL2207 through CL2213. Drill Hole CL2207 was collared along the same azimuth, intersecting similar mineralized horizons within the same sheared sedimentary package. Patrick J Cruickshank, MBA, CEO & Director stated, “We are pleased to report the ALS Global Lab’s Certified Assay results for holes CL2206 and CL2207 at the California Lake VMS Drill Program #1. As expected, with high combined Lead (Pb) and Zinc (Zn) comes high Silver (Ag) results. We are surprised the Gold (Au) is so high without the Copper (Cu) values but being a 1.5km trend, the copper should increase as we get closer to the source deposit or vent feeder system for this target area. To drill multiple lens fingers is a strong indication of a deeper source close by and less about the widths of the fingers. When we receive all the assays for the sedimentary package between the VMS fingers, we will summarize the entire cross section widths with assays. Remember this is the visual VMS Core that was rushed to the ALS Global Labs for analysis. These drill results completely justify the resources and advanced geophysics to drill the source in 2023. With our recently closed $1,271,000 Super Flow Through funding we are very well positioned for an advanced exploration program on our entire (3) project portfolio and will be a very active and exciting 2023.” Table 2: Drill Hole CL2207 Certified Assay Results Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb+Zn (%) Ag (g/t) Ag (Oz) Au (g/t) 226040 39.05 39.62 0.57 .138 2.34 8.96 11.3 64 2.06 1.065 226042 41.00 41.50 0.50 .174 .25 2.70 2.95 11 .3537 .196 226045 44.95 45.05 0.10 .111 2.77 9.8 12.57 34 1.09 .747 226049 47.00 48.00 1.00 .191 1.38 6.24 7.62 56 1.80 1.015 226051 48.50 48.70 0.20 .327 3.9 12.95 16.85 115 3.70 3.69 226053 48.85 49.40 0.55 .105 1.19 6.41 7.6 27 .87 .259 VMS mineralization in both drill holes was again dominated by Zn mineralization. Pb mineralization is very fine grained and locally difficult to identify. Both drill holes demonstrate that the mineralized zone is open along strike and depth. The results to date, including the visual interpretation of the Cu, Pb, Zn mineralization and XRF results indicate a robust structural system is present over a considerable width. The presence of both gold and silver has been confirmed in the system. Once assays between the VMS Zones are received, we will summarize full drill width mineralization “The initial drill program at California Lake was highly successful and relatively unheard of for a 1st introductory program based on re-processed geophysical data but is a terrific example of our proprietary disciplined technical exploration model, with 7 of 8 drill holes in this short program intersecting multiple VMS horizons within a sheared sedimentary package. The technical team has reviewed the drill core and a structurally hosted environment is confirmed, the character of which should provide a strong, positive response when followed up with close spaced, ground geophysics along strike. Drilling of priority targets along the entire identified 1.5km trend anomaly will follow in 2023,” stated Gary Lohman, B.Sc., P. Geo., Director and VP Exploration. 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 and VP Exploration 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 exploration of 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 Metals Closes Final Tranche of $1,271,000 Private Placement
Vancouver, B.C. December 19, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of a $1,271,000 private placement (the “Offering”). The Company closed the final tranche and issued 1,562,500 flow-through units (each, a “Unit”) at a price of $0.32 per Unit, for proceeds of $500,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.45 for a period of 24 months. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders received 109,375 common share purchase warrants, exercisable to purchase one common share at a price of $0.45 for a period of 24 months and cash of $35,000. The proceeds raised through the private placements will be used for exploration on the Company’s mineral properties. All securities issued in the Private Placement are subject to a four month and a day hold period. 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 nine Mile Metals for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc including 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 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 the Company will use the proceeds 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 Metals Closes 2nd Tranche of $1,200,000 Private Placement
Vancouver, B.C. December 13, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of the second tranche of a private placement of approximately $1,200,000 (the “Offering”). The Company issued 1,875,000 flow-through units (each, a “Unit”) at a price of $0.32 per Unit, for proceeds of $600,000. Total proceeds of the offering are now $771,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.45 for a period of 24 months. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders received 112,500 common share purchase warrants, exercisable to purchase one common share at a price of $0.45 for a period of 24 months and cash of $36,000. The proceeds raised through the private placements will be used for exploration on the Company’s mineral properties. All securities issued in the Private Placement are subject to a four month and a day hold period. 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 exploration of Minerals for Technology (MFT), 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 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 will close additional tranches in the future of up to approximately $1,200,000 and (b) the Company will use the proceeds 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 METALS ANNOUNCES XRF RESULTS UP TO 25.27% COMBINED (PB-ZN) ON HOLES CL22-12 & CL22-13 ON INITIAL CALIFORNIA LAKE VMS DRILL PROGRAM
VANCOUVER, B.C. Monday December 12, 2022 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the XRF results for VMS target Holes CL22-12 and CL22-13 at its initial Phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Highlights: VMS Target Hole CL22-12 was collared approximately 75 meters northwest of discovery hole CL22-06 and drilled towards its collar, dipping – 45 degrees to a depth of 62 meters intersecting (7) zones of massive VMS mineralization between 34.15 and 52.60 meters (18.45m.) Sample # From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 226116 34.15 35.30 1.15 .27 2.17 9.76 11.93 TBD TBD 226118 36.30 36.78 0.48 .11 1.30 8.68 9.97 TBD TBD 226121 38.54 38.82 0.28 .13 0.21 1.40 1.61 TBD TBD 226125 42.10 42.22 0.12 .08 0.37 2.40 2.85 TBD TBD 226133 48.80 49.40 0.60 .11 2.42 10.63 13.16 TBD TBD 226136 49.60 50.14 0.54 .06 2.66 8.30 11.02 TBD TBD 226138 51.04 52.04 1.00 .09 1.55 7.47 9.11 TBD TBD 226139 52.04 52.60 0.56 .04 5.74 19.49 25.27 TBD TBD VMS Target Hole CL22-13 was drilled from the same setup as CL22-12 along the same azimuth dipping – 55 degrees to a depth of 80 meters to test the depth extension of the mineralization in CL22-12. The hole intersected (4) zones of visible massive VMS mineralization between 51.23 and 67.65 meters (16.42m). Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 226145 51.23 52.23 1.00 .14 0.98 7.25 8.23 TBD TBD 226146 52.23 53.23 1.00 .14 0.93 4.88 5.81 TBD TBD 226147 53.23 53.77 0.54 .22 0.34 3.30 3.64 TBD TBD 226149 54.33 54.48 0.15 .03 2.19 6.60 8.79 TBD TBD 226151 56.18 56.44 0.26 .28 2.55 14.48 17.03 TBD TBD 226156 66.97 67.65 0.68 .09 0.49 1.40 1.89 TBD TBD VMS mineralization in both drill holes was again dominated by Zn mineralization, with individual sample sections up to 19.49 % (Up to 25.27% combined Pb – Zn) Pb mineralization is very fine grained and locally difficult to identify. The copper mineralization was visible, occurring as very small, 1 – 2mm. blebs of chalcopyrite best seen on cut drill core. Both drill holes demonstrate that the mineralized zone is open in both directions along strike and depth. Samples of the VMS mineralization and adjacent rock have been shipped to the ALS Global Labs (“ALS”) for Certification. Note: Due to time constraints between the California Lake drill program and the initiation of the Nine Mile Brook VMS drill program, XRF analysis was only conducted on the zones of visible VMS mineralization. The complete mineralized zone has been sent to ALS for analysis and we will announce those complete results once received. All holes have been logged, photographed, measured, and cut. We are currently completing the XRF process and we look forward to reporting additional results, including summarized full widths. It is important to note that the Ag and Au values will be reported upon receipt of the assay results from ALS since XRF analysis for these elements is unreliable. The California Lake Group has historically been a prolific zone for Silver and is typically associated with Pb – Zn sulfides. Patrick J Cruickshank, MBA, CEO & Director stated, “We continue to report encouraging XRF mineralization in drill holes CL22-12 & CL22-13 from our initial California Lake VMS Drill Program. This system once again has high combined (Pb–Zn) XRF assay results and is expected to continue throughout this area. We expect the Ag & Au values from the Certified Assay results currently being processed at ALS Global Canada Laboratories to deliver high Silver & Gold values. We look forward to summarizing the Certified Assays once received. ” Drill Holes CL22-12 and CL22-13 approached the mineralized zone from the west, both intersecting numerous zones of visible VMS mineralization, CL22-13 undercutting CL22-12 at depth. The host rocks are primarily sediments with local bands of volcanics. Mineralization is typical of the BMC with sections consisting of 95%+ sulphides including pyrite, sphalerite (Zn) galena (Pb) and local blebs of (Cu) chalcopyrite. “Drill Holes CL22-12 and CL22-13 continue to demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data. The team is looking forward to modeling the geology and assays prior to initiating the 2023 program,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The Pb, Zn mineralization suggests that initial deposition occurred along the flanks of a VMS the mineralization however the dense sulphides remain intact having generally hard contacts with the surrounding sediments. Individual mineralized widths within the 10-meter section can be greater than 2.5 meters as seen in CL22-13. Pyrite mineralization is also present within the sediments. 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 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 exploration of Minerals for Technology (MFT), 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:
Nine Mile Metals Closes 1st Tranche of $1,200,000 Private Placement
Vancouver, B.C. December 7, 2022 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of the first tranche of a private placement of approximately $1,200,000 (the “Offering”). The Company issued 534,375 flow-through units (each, a “Unit”) at a price of $0.32 per Unit, for total proceeds of $171,000. Charles MaLette, President and director of Nine Mile, invested in 300,000 Units for subscription funds of $96,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.45 for a period of 24 months. The proceeds raised through the private placements will be used for exploration on the Company’s mineral properties. All securities issued in the Private Placement are subject to a four month and a day hold period. 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 exploration of Minerals for Technology (MFT), 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 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 will close additional tranches in the future of up to approximately $1,200,000 and (b) the Company will use the proceeds 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 METALS ANNOUNCES XRF RESULTS UP TO 18.38% COMBINED (PB-ZN) ON HOLES CL22-08 & CL22-11 ON INITIAL CALIFORNIA LAKE VMS DRILL PROGRAM
VANCOUVER, B.C. Tuesday December 6, 2022 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the XRF results for VMS target Holes CL2208 and CL2211 at its initial Phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Highlights: VMS Target Hole CL2211 was a step out hole collared approximately 20 meters north of discovery hole CL2206 and drilled to a depth of 80 meters intersecting (4) zones of massive VMS mineralization between 51.10 and 62.00 meters (10.90m.) Sample # From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 226097 51.10 51.23 0.13 .02 1.62 5.28 6.90 TBD TBD 226098 51.23 51.73 0.50 .02 9.34 1.00 10.34 TBD TBD 226099 51.73 53.00 1.27 .07 0.95 6.70 7.65 TBD TBD 226101 54.04 55.04 1.00 .17 3.00 11.77 14.77 TBD TBD 226102 55.04 56.00 0.96 .31 2.83 11.45 14.28 TBD TBD 226107 59.63 60.20 0.57 .10 1.44 9.61 11.05 TBD TBD 226110 61.6 62.00 0.40 .38 0.30 2.90 3.58 TBD TBD VMS Target Hole CL2208 was collared near hole CL2206 and drilled at an azimuth of 312 degrees to a depth of 89 meters intersecting visible massive VMS mineralization between 67.33 and 70.50 meters (3.17m). Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 226070 67.33 68.33 1.00 .05 0.81 3.85 4.66 TBD TBD 226071 68.33 69.33 1.00 .17 3.26 15.12 18.38 TBD TBD 226072 69.33 70.50 1.17 .20 3.33 10.36 13.69 TBD TBD VMS mineralization in both drill holes was again dominated by Zn mineralization, with individual sample sections up to 15.12 % Zn. Pb mineralization was much more discreet. Both drill holes demonstrate that the mineralized zone is open in both directions along strike and depth. Samples of the VMS mineralization and adjacent rock have been shipped to the ALS Global Labs (“ALS”) for Certification. Note: Due to time constraints between the California Lake drill program and the initiation of the Nine Mile Brook VMS drill program, XRF analysis was only conducted on the zones of visible VMS mineralization. The complete mineralized zone has been sent to ALS for analysis and we will announce those complete results once received. All holes have been logged, photographed, measured, and cut. Holes 8-9-10-11-12-13 are currently in the XRF process and we look forward to reporting additional results, including summarized full widths. It is important to note that the Ag and Au values will be reported upon receipt of the assay results from ALS since XRF analysis for these elements is unreliable. The California Lake Group has historically been a prolific zone for Silver and is typically associated with Pb – Zn sulfides. Patrick J Cruickshank, MBA, CEO & Director stated, “We are pleased to report these good VMS intersections of mineralization at our initial California Lake VMS Drill Program. A much thicker width is very encouraging as it lays the foundation to our stage 2 program analysis for 2023 along the entire 1.5 kms anomaly. With such high combined Pb – Zn results, I am very anxious to see the Certified Results including the Ag & Au returns. With such high grades for Pb-Zn we should see a positive reflection in the certified (Ag) Silver assays. Once we receive the assays of the sediments between the VMS finger zones in these, we will be able to report the full widths of these holes. We look forward to reporting our next set of results shortly.” Drill Holes 8 and 11 continue to build on the visible Cu, Pb, Zn +/- Ag, Au mineralization intersected in discovery hole CL2206. The target zone is structural, well foliated, and where well mineralized, is approximately 10 meters in width and includes multiple sections of VMS mineralization. The host rocks are primarily sediments with local bands of volcanics. Mineralization is typical of the BMC with sections consisting of 95%+ sulphides including pyrite, sphalerite (Zn) and galena (Pb), the latter two visible in drill core as disseminations and bands respectively. “Drill Holes CL2208 and CL2211 demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data. The intersections to date are robust and typical of the Bathurst Mining Camp. The team is looking forward to receiving the certified results from ALS Global Labs including the Au and Ag assays,” stated Gary Lohman, B.Sc., P. Geo., Director. The Pb, Zn mineralization suggests that initial deposition occurred along the flanks of a VMS system where Pb / Zn is typically dominant. Subsequent shearing and structural activity have dislocated the mineralization however the dense sulphides remain intact having generally hard contacts with the surrounding sediments. Individual mineralized widths within the 10-meter section can be greater than 3 meters. Pyrite mineralization is also present within the sediments. 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 exploration of Minerals for Technology (MFT), 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: