NINE MILE METALS COMMENCES EARTHEX 1000 LINE/KMS HD PROPRIETARY UAV MAG SURVEY OVER THE HIGH PRIORITY VMS TARGETS AT NINE MILE BROOK VMS PROJECT
Vancouver, B.C. August 25, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to provide an exploration update on its Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (“BMC”) in New Brunswick, Canada. EarthEx Geophysical Solutions Inc. (“EarthEX”) has commenced a detailed UAV (Drone) high-definition proprietary technology based magnetic survey on the Nine Mile Brook VMS Project. A total of 1,000-line kilometers survey grid flown at a line spacing of 25 meters is planned to cover the recently drilled lens, priority EM targets and key stratigraphy, as displayed in Figures 1 and 2 below. Figure 1: EarthEX HD-UAV Survey Grid over VMS High Priority Targets, Nine Mile Brook VMS Project. In Figure 1 above, the 1000 line kms survey block is outlined in yellow, covering high priority targets (1 -5), (7) and (13). The UAV survey also covers the highly prospective Spruce Lake Formation volcanics which hosts target (5). This newly proven advanced proprietary UAV Drone technology from EarthEX, just released last year, will define all geological structures within the grid over our identified high priority VMS targets. Once completed, the UAV survey will identify all structural mineralized folds in the system and be integrated into our evolving 3D project model. Close spaced (25m) flight path will deliver exceptional data points to produce excellent 3D model data that will define all additional subsurface features associated with mineralization. With EarthEX inversion modeling of the data, details can be seen at depths greater than 1 kilometer. Figure 2: (Zoomed) HD UAV Grid over High Priority VMS Targets. Specifically, at the Lens area, targets 1-3 are immediately adjacent and this High Definition UAV Drone survey and the detailed 3D subsurface magnetic modeling will define the relationship between the elevated magnetics seen in figures 1 and 2 and the strong conductor axes (red). Utilizing seven (7) landing zones throughout the Nine Mile Brook VMS Property, the crew deploys the UAV Drone on preprogramed flights throughout the day. In addition to the magnetometer, the Drone is equipped with redundant GPSs for flight control and 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. “The results from the 1000-line kms HD UAV advanced magnetic survey will be integrated into our 3D model and combined with our other ongoing geophysics, to define all our high priority VMS targets in our (3) specific VMS target systems: the Spruce Lake and Boucher Brook formations and our recently drilled VMS Lens area. This data analysis when combined with our other ongoing geophysical analysis including the Bore Hole EM, drill core physical property analysis, and the massive sulphide VMS rhyolite cap, we soon will define the drill hole targets for our Stage 2 program, along the structural corridor that hosts the known mineralization and the strong conductors identified in targets 1 – 4. The UAV analysis will also define additional structural folds in the VMS Lens area,” stated Gary Lohman, P.Geo., Director and V.P. Exploration. At the end of each day, the survey data output is uploaded to the Earth EX Manitoba lab for QA / QC checks and preliminary interpretation. This process not only confirms the quality of the data, as targets are identified, but also modifications to the survey parameters, such as infill lines, can be made to ensure that identified targets are constrained as much as possible for modeling and drill targeting. When the survey is complete, the data is processed and added to the 3D model to assist in the geological interpretation. Patrick J. Cruickshank, MBA, CEO and Director stated, “we will continue to utilize new highly advanced technology in our exploration programs to advance our project development to discover the addition Lens’ and the multiple VMS targets in our (3) system projects at the Nine Mile Brook VMS.” 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 V.P. Exploration who acts as the Company’s Qualified Person, and is not independent of the Company. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO, Director & Technical Committee 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) UAV Drone technology from EarthEX, just released last year, will define all geological structures within the grid over our identified high priority VMS targets, (b) the UAV survey will identify all structural mineralized folds in the system and be integrated into our evolving 3D project model, (c) spaced (25m) flight path will deliver exceptional data points to produce excellent 3D model data that will define all additional subsurface features associated with mineralization, (d) UAV Drone survey and the detailed 3D subsurface magnetic modeling will define the relationship between the elevated magnetics, (e) UAV advanced magnetic survey will be integrated into our 3D model and combined with our other ongoing geophysics, (f) UAV analysis will also define additional structural folds in the VMS Lens area, (g) we will continue to utilize new highly advanced technology in our exploration programs to advance our project development to discover the addition Lens’, and (h) A
NINE MILE METALS IDENTIFIES NEW VMS HIGH PRIORITY TARGETS AT ITS FLAGSHIP NINE MILE BROOK VMS PROJECT
Vancouver, B.C. August 16, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to provide an exploration update on its flagship Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (“BMC”) in New Brunswick. The Company received its geophysical re-processing 3D modeling from EarthEX Geophysical Solutions (“EarthEX”). The 3D model consolidates all existing geophysics, public and private data sets, government MegaTEM surveys, and assays. EarthEX has re-processed all the data sets with their proprietary algorithms and have provided the results and prioritized targets. Using late time conductive analysis, we now have eleven (11) high priority VMS targets at Nine Mile Brook, displayed on the image below. Of the eleven priority Targets, three (3) are immediately surrounding the recently drilled Nine Mile Brook lens. Figure 1: Newly Identified High Priority VMS Targets over Late Time Conductance Analysis. There are clearly three (3) independent VMS target systems present including: Boucher Brook Formation Sediment Contacts, Spruce Lake Formation Contacts and Vent-Lens Target Zone Area. In the above figure, eleven (11) target zones are presented overlying the late time conductance, a required characteristic of BMC VMS mineralization. The signature derived from the late time channels of the EM response which is highly indicative of stronger conductors such as VMS mineralization. Within each target zone, multiple geophysical anomalies have been delineated by EarthEX, the conductive responses shown in red (strong), yellow (moderate) and blue (weak). Adjacent to the lens, there are three (3) specific large target zones with well defined, strong conductors, most with a signature of approximately 500 meters or less in length, a characteristic of BMC deposits, and indicative of a discreet subsurface target not related to a formational response. These targets are a high priority due to recent drill results that suggest the lens was proximal to a vent complex. All these target zones are within the Boucher Brook Sediments with individual conductors coincident with or near parallel to the Willett Horizon, the 800-meter structural zone that broke off the lens and associated rhyolite. As shown in Figure 2, there are three (3) high priority conductors defined within 200 meters of the lens. Figure 2: Newly Identified High Priority Conductors Lens Area overlying Magnetics To the east, within the Boucher Brook Sediments, four (4) target zones have been defined associated with the sedimentary contact with the Canoe Landing Lake volcanics. Although longer in extent, they have a high possibility of a deeper, subsurface source. To the west, two (2) target zones have been defined related to the larger California Lake Group (Spruce Lake Formation), a key stratigraphic unit which is the most favorable host to many deposits in the BMC including Murray Brook, Restigouche, Canoe Landing Lake, McMaster, and Trevali’s currently producing Caribou Mine. Figure 3: Nine Mile Project Geology (Spruce Lake, Boucher Brook & Canoe Landing Lake Formations) “Target definition to date has been superb, not only providing three (3) discreet conductors associated with the Lens Area, but additional high priority targets to the west within with the Spruce Lake Formation and to the east, within the Boucher Brook Formation sediments package,” stated Gary Lohman, P.Geo., VP Exploration. Patrick J Cruickshank, MBA, CEO, states, “We now have our roadmap for the entire Nine Mile Brook VMS Project. We have clearly identified three (3) VMS target systems within multiple VMS host formations. We now have our identified lens targets for the multiple lens exploration plan. We have the structures identified within the Lens Drill Target Area. When we integrate the BHEM and petrophysics analysis we will be able to define the drill collars specifically. We look forward to announcing the integrated 3D model with our ongoing analysis results shortly.” 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 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 & 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) when we integrate the BHEM and petrophysics analysis we will be able to define the drill collars specifically, (b) adjacent to the lens, there are three (3) specific large target zones with well defined, strong conductors, most with a signature of approximately 500 meters or less in length, a characteristic of BMC deposits, and indicative of a discreet subsurface target not related to a formational response, (c) to the east, within the Boucher Brook Sediments, four (4) target zones have been defined associated with the sedimentary contact with the Canoe Landing Lake volcanics, and although longer in extent, they have a high possibility of a deeper, subsurface source, and (d)
Nine Mile Metals Announces Stock Option Grant
Vancouver, B.C. August 15, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) announces that it has granted 500,000 stock options to a consultant of the Company. The options will vest 50% immediately and 50% in three months and may be exercised at an exercise price of CAD $0.25 per common share, for a period of 2 years from the date of issuance or earlier in accordance with the Company’s incentive stock option plan. Following the grant of stock options, the Company now has a total of 4,650,000 stock options representing 8.8% of the outstanding common shares of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on 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, Director & Secretary T: 604-428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals Announces Annual General and Special Meeting Results
Vancouver, B.C. August 10, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that at its annual general and special meeting (the “AGSM”) held on August 9, 2022, Nine Mile’s shareholders approved by majority: to elect all six directors standing for election; to re-appoint Saturna Group Chartered Professional Accountants LLP as the auditors of the Company; and to reapprove the Company’s 10% rolling stock option plan. Gary Lohman has been appointed as a new member of the Company’s Board of Directors and as the VP Exploration. Mr. Lohman is a founder and Chief Operating Officer of Royal Stewart Resources Corp. As an exploration geologist, he has 40 years of management experience in both precious and base metal exploration. He is skilled in geological, geochemical and geophysical exploration techniques in a wide variety of settings including Volcanogenic Massive Sulphides (VMS), Porphyry & IOCG (Copper/Gold) Style Deposits. Experience includes evaluations / research conducted on bonanza grade and bulk tonnage gold-silver properties in Canada, Mexico, California, Ecuador & Chile. Mr. Lohman owns 5,921,743 common shares of the Company representing 11.2% of the issued and outstanding. A total of 26 shareholders were represented in person or by proxy with 15,566,814 common shares voted representing 35.28% of the Company’s outstanding common shares. Following the AGSM, Charles MaLette will be stepping down from his role of Chief Executive Officer (“CEO”). Mr. MaLette will remain as the President and Secretary of the Company. Patrick Cruickshank has been appointed as the new CEO of the Company, effective August 9, 2022. Patrick Cruickshank has been a director of the Company since January 24, 2022. Mr. Cruickshank received his MBA from the Schulich School of Business at York University in 1989. Mr. Cruickshank brings over 20 years of experience from the wealth management sector working for Merryll Lynch, Legg Mason, and Citigroup Capital Markets, where he focused on creating and protecting wealth while specializing in funding growth companies. Mr. Cruickshank was an NFLPA advisor from 2000 to 2012, until transitioning into private equity. Since 2012, Mr. Cruickshank has concentrated on acquiring, funding and growing companies in the Energy and Resource Sector. Mr. Cruickshank has been the current CEO of Fiddlehead Mining Corp. since 2019 and serves as a director on a number of private companies. Mr. Cruickshank is also a former Canadian National Team soccer player, US NCAA Division 1 Collegiate player and coach. Mr. Cruickshank owns indirectly 9,129,354 common shares of the Company representing 17.2% of the issued and outstanding. 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, Director & Secretary T: 604-428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS PLANS PHASE 2 DRILL PROGRAM OF UP TO 5,000 METRES ON ITS NINE MILE BROOK VMS PROJECT
Vancouver, B.C. August 4, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to provide an exploration update on its Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (“BMC”) in New Brunswick. Nine Mile has completed its initial Drill Program at its flagship Nine Mile Brook VMS Project. EarthEX Geophysical Solutions (“EarthEX”) in Selkirk, MB is in the process of analyzing the Borehole survey data, drill hole logs, drill core assays, and structural data with their proprietary algorithms and will be integrated into our 3D exploration model. EarthEX is also engaged with conducting petrophysics analysis on our drill core samples (including host sediments) of drill holes (#3-7) in their rock physical properties lab. The goal is to get a digital signature corresponding to the conductivity of this specific core in its host sedimentary rock package. Every deposit in the BMC California Lake Group is above the sediments package. EarthEX will analyze our Nine Mile Brook VMS Project data for matches in that signature for a match. Patrick Cruickshank, MBA, director of Nine Mile and member of the Technical Committee commented, “We had had a technical meeting with the New Brunswick Department of Energy and Mines, who have a number of staff who are very experienced in the BMC formation and all deposits in the BMC. We shared our high-grade core and came to several conclusions: we have clearly defined a Lens, and we will be able to define its current mineralized dimensions; this is among the highest-grade core seen in the BMC. The resulting conclusion is that Nine Mile is so close to the original vent that created this large area of mineralization; we have a rhyolite cap with massive sulphides covering approximately 50m located within 10m from the Lens. Each deposit in the California Lake Group had a massive sulphide rhyolite cap, an important component in the VMS system; and the Company has defined the structural system that caused the break of the original body and broke off the Lens. We now have the footprint of the location to explore for the remaining Lens bodies.” We are currently applying for new drill permits for the Phase 2 drill program following up with our Lens discovery which we expect to start drilling by October. ‘With our recently announced funding, we are in a very strong position to expand our exploration program to include a drill program of up to 5000m on the Nine Mile Brook VMS Project. All the required elements are falling into place very nicely and with the help of our technical team, Nine Mile will continue to update the market on our progress and continue to add shareholder value”, stated Charles MaLette, President, CEO and director of Nine Mile. 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. who acts as the Company’s Qualified Person, a member of Nine Mile’s Technical Advisory Committee, 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. “Charles MaLette” CEO, President, Director & Secretary 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) EarthEX is in the process of analyzing the Borehole survey data, drill hole logs, drill core assays, and structural data with their proprietary algorithms and will be integrated into our 3D exploration model; (b) we will be able to define its current mineralized dimensions; (c) we are currently applying for new drill permits for the Phase 2 drill program following up with our Lens discovery which we expect to start drilling by October; (d) we are in a very strong position to expand our exploration program to include a drill program of up to 5000m on the Nine Mile Brook VMS Project; and (e) Nine Mile will continue to update the market on our progress and continue to add shareholder value. 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 Closing of $1.68 M Private Placement
Vancouver, B.C. August 2, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce that, on Friday, July 29, it completed a non-brokered private placement (the “Private Placement”) for proceeds of $1,682,153 from the issuance of 8,858,625 units of its securities. 876,000 of the units are flow-through (each, an “FT Unit”) at a price of $0.28 per FT Unit, and 7,982,625 of the Units are non-flow-through units (each, a “NFT Unit”) at a price of $0.18 per NFT Unit. Each FT 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, an “FT Warrant”), with each FT Warrant entitling the holder thereof to purchase one common share at a price of $0.38 for a period of 24 months. Each NFT Unit consists of one common share of the Company and one common share purchase warrant (each, an “NFT Warrant”), with each NFT Warrant entitling the holder thereof to purchase one common share at a price of $0.28 for a period of 24 months. Charles MaLette, CEO and President, commented, “This private placement has brought several motivated new investors into Nine Mile as the Company prepares to take our high-grade Nine Mile Brook VMS Project to a new level over the next few months.” In consideration for their services in introducing subscribers to the Company under the Private Placement, finders and brokers received 54,080 common share purchase warrants, exercisable to purchase one common share at a price of $0.38 for a period of 24 months, and 386,400 common share purchase warrants, exercisable to purchase one common share at a price of $0.28 for a period of 24 months, and cash of $84,694.40. The proceeds from the sale of the FT Units will be used for exploration costs, including drilling, splitting core samples, assays, and surveys. The Company intends to use the proceeds from the sale of the NFT Units for additional exploration costs, evaluating potential other properties contiguous or nearby for acquisition and general working capital. 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” CEO, President, Director & Secretary 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 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 Certified Drill Results Of (175.28 G/T Ag, 7.35 % Zn, 4.78 % Pb, 3.07 % Cu, and 1.69 G/T Au) Over 10.40m and commences the BHEM Survey On Their High-Grade Nine Mile Brook VMS Project
VANCOUVER, B.C. Friday July 15, 2022 – NINE MILE METALS LTD. (CSE:NINE, OTCQB:VMSXF, FSE:KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified ALS Global lab assay results for Hole NM220006, at the Company’s initial Stage 1 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). “The certified assays received from ALS Global on Hole #NM220006, continue to reflect the spectacular mineralogy observed in the drill target. I am very pleased to see numerous assay intervals greater than 20% combined Pb/Zn in addition to exceptional Ag and Au values. The geophysical team has arrived on site and will commence the Borehole Electro-Magnetic (BHEM) survey today,” stated G. Lohman, B.Sc., P.Geo., Nine Mile Technical Committee. Eastern Geophysics arrives to begin BHEM Survey in Hole #NM220001: Ryolite cap with massive sulphides extended from the Target Extension: 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. who acts as the Company’s Qualified Person, a member of Nine Mile’s Technical Advisory Committee, 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. “Charles MaLette” CEO, President, Director & Secretary 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 geophysical team has arrived on site and will commence the Borehole Electro-Magnetic (BHEM) survey today. 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 Symbol Change on OTC Markets to VMSXF
Vancouver, B.C. July 12, 2022- NINE MILE METALS LTD. (CSE: NINE, OTCQB: STVGF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that its common shares, previously trading on the OTC Market under the symbol STVGF, are to commence trading on the OTC Market under symbol VMSXF effective July 13, 2022. The Company’s common shares will continue to trade on the Canadian Securities Exchange under the symbol NINE and on the Frankfurt Stock Exchange under the symbol KQ9. No action is required by current shareholders in connection with this change. 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” CEO, President, Director & Secretary 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’s common shares will commence trading on the OTC Markets under symbol VMSXF on July 13, 2022. 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 Of (10.12 % Cu, 1.00 % Zn, 1.41 % Pb, 91.47 G/T Ag, And 0.84 G/T Au) Over 15.10m On Their High-Grade Nine Mile Brook VMS Project, Bathurst Mining Camp, New Brunswick
VANCOUVER, B.C. Friday July 8th, 2022 – NINE MILE METALS LTD. (CSE:NINE, OTCQB:STVGF, FSE:KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Certified Assay Drill results (ALS Global, North Vancouver, BC) for Hole NM220004, at the Company’s initial Stage 1 drill program at its flagship Nine Mile Brook VMS Project in the World-Famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). Patrick J. Cruickshank, MBA, Director and Technical Advisory Committee stated “this was a significant hole in our five (5) targeted VMS drill holes in this program. It displays this targets rich copper characterization. These copper results are spectacular and not common in the BMC. We are getting a much clearer picture of this VMS massive sulphide body and the BHEM survey will put the finishing touches on the geophysics, EarthEX Geophysical Solutions will process the results and integrate the data into our 3D model and help us clearly define this targets mineralization and any additional mineralization within the BHEM zone. This will define our next steps in this target area. Clearly, we see these two (2) copper zones as special. The continuation of the copper in a sediments package is a nice surprise in this DDH. Actual Photos of the Drill Core Submitted to ALS Global Labs. “In drill hole NM220004, there are 2 VMS zones separated by 3.12 meters of interbedded sediments and volcanics. The mineralization within the sediment / volcanic package consisted primarily of pyrite and chalcopyrite, the copper mineralization appearing as stringers of chalcopyrite. This is common in these deposits, extending the length of the mineralized section into what would normally be barren rock, definitely a pleasant surprise”, stated Gary Lohman, P.Geo., Technical Advisory Committee. 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. who acts as the Company’s Qualified Person, a member of Nine Mile’s Technical Advisory Committee, 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. “Charles MaLette” CEO, President, Director & Secretary 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 BHEM survey will put the finishing touches on the geophysics, EarthEX Geophysical Solutions will process the results and integrate the data into our 3D model and help us clearly define this targets mineralization and any additional mineralization within the BHEM zone, and (b) the 3D model of the BHEM area will define our next steps in this target area. 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 Of (6.92 % Cu, 5.60 % Zn, 2.52 % Pb, 179.28 G/T Ag, and 1.33 G/T Au) Over 10.45m On Their High-Grade Nine Mile Brook VMS Project, Bathurst Mining Camp, New Brunswick
VANCOUVER, B.C. Thursday July 7, 2022 – NINE MILE METALS LTD. (CSE:NINE, OTCQB:STVGF, FSE:KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified ALS Global lab assay results for Hole NM220003, at the Company’s initial Stage 1 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). “The certified assays received from ALS Global, North Vancouver, were not unexpected after logging the drill core and seeing extensive visible copper mineralization. As previously demonstrated, the higher silver assays are coincident with the elevated lead and zinc, a correlation we have seen in both drill holes core and surface sampling. We look forward to reporting the remaining assays as soon as received. The team is also excited to commence the Bore Hole Electro-Magnetic (BHEM) survey which should identify additional subsurface mineralized bodies along the prospective horizon”, stated Gary Lohman, P.Geo., Technical Advisory Committee. Photos of Actual Core Samples Submitted to ALS Global Labs Represented in the Chart Displayed 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. who acts as the Company’s Qualified Person, a member of Nine Mile’s Technical Advisory Committee, 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. “Charles MaLette” CEO, President, Director & Secretary 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) We look forward to reporting the remaining assays as soon as received , and (b) The team is also excited to commence the Bore Hole Electro-Magnetic (BHEM) survey which should identify additional subsurface mineralized bodies along the prospective horizon. 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.