Nine Mile Metals Announces Initial Drill Program up to 3000m at its Flagship Nine Mile Brook VMS Project in the World-Famous Bathurst Mining Camp, NB
VANCOUVER, B.C. April 14, 2022 – NINE MILE METALS LTD. (CSE:NINE, OTCQB:STVGF, FSE:KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Company’s initial Phase 1 drill program at its flagship Nine Mile Brook VMS Project (see Figure 1) in the world-famous Bathurst Mining Camp (“BMC”), in New Brunswick Canada. The Company has received all Drill and Forestry Permits from the New Brunswick Department of Energy and Mines for the Phase 1 drill program. Figure 1: Phase 1 Drilling Target Area The Company has engaged a very experienced VMS drill crew from Lantech Drilling, based in Dieppe, New Brunswick. Utilizing an environmentally friendly track mounted drill rig (see Figure 2), the Phase 1 drill program will consist of 4 to 6 drill holes targeting the mineralized horizon at the southern section of the Nine Mile Brook Property. Last year’s work program analysis defined two zones of mineralization at the southern area of Nine Mile Brook Property generated by our geophysical partner, EarthEX Geophysical Solutions (“EarthEX”). The Company’s Phase 1 drill program will test both targets. Upon completion of this Phase 1 drill program, the drill holes will be capped to facilitate Borehole Electro-Magnetic Surveying (“BHEM”) which identifies subsurface conductors along strike and at depth providing a 3D model of the mineralization. The results identified in the BHEM program will be tested in Phase 2 along with the forthcoming 3D AI Analysis that EarthEX Geophysical Solutions is currently processing. Figure 2: Environmentally Conscious Lantech Drilling Mini Track Mounted Diamond Drill Rig “We look forward to commencing the Phase 1 drill program on the Nine Mile Brook VMS Project and working with EarthEX to expand the known mineralization and define additional, satellite source deposits in this highly prospective portion of the Bathurst Mining Camp. We anxiously await the new analysis EarthEX is currently processing for the Phase 2 drill program defining the strong conductor contact targets along the Spruce Lake formation host rocks for the source deposit. This part of the Bathurst Mining Camp has been under explored and with this new proprietary cutting-edge technology and AI processing, I am confident this area of the BMC will identify and discover further VMS High Grade economic deposits. We continue at Nine Mile Metals to drive shareholder value and growth of the Company’s economic asset base”, stated Patrick J Cruickshank, MBA – Director. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the Company’s Qualified Person and as the COO of FMC, 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. The Company’s primary business objective is to explore its two VMS Projects located in Bathurst, New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. Nine Mile 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 Phase 1 drill program will consist of 4 to 6 drill holes targeting the mineralized horizon, (b) Phase 1 drill program will test both targets, (c) the drill holes will be capped to facilitate Borehole Electro-Magnetic Surveying which identifies subsurface conductors along strike and at depth providing a 3D model of the mineralization, (d) the results identified in the BHEM program will be tested in Phase 2 along with the forthcoming 3D AI Analysis that EarthEX Geophysical Solutions is currently processing, (e) we anxiously await the new analysis EarthEX is currently processing for the Phase 2 drill program, and (f) we are confident this area of the BMC will identify and discover further VMS High Grade economic deposits with EarthEX’s proprietary cutting-edge technology and AI processing. 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 Stock Option Grant
Vancouver, B.C. March 30, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) announces that it has granted 2,600,000 stock options to various directors, officers, consultants and an employee of the Company. The options will vest immediately and may be exercised at an exercise price of CAD $0.18 per common share, for a period of 5 years from the date of issuance or earlier in accordance with the Company’s incentive stock option plan. Following the grant of stock options, the Company now has a total of 3,250,000 stock options representing 7.5% 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. The Company’s primary business objective is to explore its two properties located in Bathurst, New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. Nine Mile is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and Green Technologies requiring copper, silver, lead, and zinc, and 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. 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 Engages EarthEX Geophysical Solutions Industry Leading Geophysical Firm for 3D Analysis and Reprocessing
Vancouver, B.C. (March 29, 2022) – NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce it has signed an agreement to engage industry leading EarthEX Geophysical Solutions Inc. (“EarthEX”) of Selkirk, Manitoba, utilizing their proprietary technology and methodology for a complete reprocessing and 3D interpretive analysis of the flagship Nine Mile Brook VMS Project and the 100% owned Canoe Landing Lake West VMS Projects in the world-famous VMS Bathurst Mining Camp, New Brunswick. EarthEX is an industry leader in this cutting-edge field in defining targets in the exploration of VMS (Copper-Lead-Zinc-Silver & Gold) projects around the world. Figure 1: (Nine Mile Brook Project) Plan view with Anomaly Axes overlying EM response. Figure 2: (Nine Mile Brook Project) 3D Inclined Overview displaying target zones with VMS-style Conductive signatures detected in the MegaTEM Data, overlying 3D magnetic models. The wealth of public MegaTEM data in the Bathurst Mining Camp (“BMC”) coupled with other high resolution historical surveys available on the properties make for an ideal candidate for this type of analysis. EarthEX will be reprocessing and interpreting all available geophysical data including the use of new proprietary algorithms for both projects (Nine Mile Brook & Canoe Landing Lake West), including the regional Aerodat and MegaTEM surveys conducted over the BMC. This data output, when modeled and interpreted with the geological and geochemical data will allow us to identify and prioritize target areas, streamlining the exploration process. Upon receipt of the 3D model, the technical committee, working with EarthEX, can finalize the second phase of exploration program including survey grids for proprietary cutting-edge UAV (Drone Technology) magnetics and ground-based Time Domain Electro-Magnetics (“TDEM”) over priority conductors. The aim is to define and prioritize all Volcanogenic Massive Sulphide (“VMS”)(Cu-Pb-Zn-Ag & Au) targets, in addition to locating the primary source of the Willett Lens mineralization and any related satellite deposits along trend. Of the targets generated, their priority ranking is primarily based on the results of the TDEM surveys, and magnetic domain. Conductors that exhibit favourable geological and magnetic settings, as well as late time conductance, which is a common signature of VMS mineralization, will be top priority for drilling. In comparison, early and mid-time signatures which may still be prospective, but have a larger range of potential geological sources, will be treated as second-priority follow-up targets. Patrick J Cruickshank, MBA, Director, states, “We look forward to receiving this proprietary cutting-edge technology analysis, over our two VMS Projects. The source deposit of our High-Grade Willett VMS Lens should not be far and, if typical of other VMS deposits, may consist of multiple stacked Lens’. The EarthEX proprietary technology will identify the possible hosts, which we believe is up ice in the Spruce Lake Formation of the California Lake Group where a majority of the BMC Deposits are hosted. This area has been underexplored and is a terrific section of the Spruce Formation without a deposit. There are 95 VMS occurrences and 46 Deposits in the BMC and we believe we are in the prime location of the folding geology. We look forward to our analytical 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. who acts as the Company’s Qualified Person and as the COO of Fiddlehead Mining Corp. 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. The Company’s primary business objective is to explore its two properties located in Bathurst, New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. Nine Mile is Focused on Exploration of Minerals for Technology (MFT), positioning for the boom in EV & Green Technologies requiring Copper Silver Lead & 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 the industry leader in this cutting-edge field in defining targets in the exploration of VMS (Copper-Lead-Zinc-Silver & Gold) projects around the world, (b) EarthEX will be reprocessing all available geophysical data with New Proprietary Algorithms for both projects (Nine Mile Brook & Canoe Landing Lake West), (c) data output, when modeled with the geological and geochemical data will allow us to identify and prioritize target areas, streamlining the exploration process, (d) the technical committee can finalize the second phase of exploration program including survey grids for magnetics and ground-based TDEM over priority conductors, (e) the source deposit of our High-Grade Willett VMS Lens should not be far and, if typical of other VMS deposits, may consist of multiple stacked Lens’, (f) the EarthEX proprietary technology will identify the possible hosts, which we believe is up ice in the Spruce Lake Formation of the California Lake Group where a majority of the BMC Deposits are hosted, and (g) there are 95 VMS occurrences and 46 Deposits in the BMC and we believe we are in the prime location of the folding geology. 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
Nine Mile Metals Announces Technical Committee
Vancouver, B.C. March 21, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce the Company’s Technical Committee members. The Technical Committee will be comprised of Nine Mile directors Jean Luc Roy and Patrick Cruickshank, MBA, and also advisors Gary Lohman, B.Sc., P.Geo., and Daniel Card, P.Geo, RPGeo. The purpose of the Technical Committee is to guide and deliver the path with oversight into the exploration and development plans on the Company’s two properties: Nine Mile Brook and Canoe Landing Lake West, located in the Bathurst Mining Camp, New Brunswick. Nine Mile is very fortunate to have Mr. Card as part of the Technical Committee. Mr. Card is a professional Geophysicist, who holds a BSc. Hons degree from the University of Manitoba and is currently registered in Canada and Australia. He is the founder of EarthEx Geophysical Solutions Inc. (“EarthEx”). EarthEx provides a highly specialized geophysical prospecting for hard-rock minerals, and work with cutting edge technologies and data analysis methodology. Since its inception in 2014, EarthEx has quickly become a household name in the Canadian mineral exploration industry, with rapid and continued growth expected in the coming years. EarthEx are specialists in the acquisition, analysis, interpretation and 3D MODELLING of Geophysical data. EarthEX has a proven track record of exploration analysis utilizing its cutting-edge proprietary 3D-AI Technologies and Algorithms for specialized targeted mineral exploration. The other members of the Technical Committee also have experience working in the world-famous VMS Bathurst Mining Camp, New Brunswick. Mr. Roy is a mining executive with over 30 years of experience. He was President and CEO of El Nino Ventures Inc. (TSXV:ELN) where they were involved in the Bathurst Mining Camp in New Brunswick, Canada. Mr. Cruickshank is the president of Fiddlehead Mining Corp. (“FMC”) that sold Nine Mile the two New Brunswick properties. Mr. Lohman is a Senior VP with FMC and has worked on each of these properties since FMC acquired them. As an exploration geologist, he has 40 years of experience in both precious and base metal exploration around the World. 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. The Company’s primary business objective is to explore its two properties located in Bathurst, New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. Nine Mile is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and Green Technologies requiring copper, silver, lead, and zinc, and 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. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals Acquires 35 Additional Claims on the Nine Mile Brook Cu, Pb, Zn, Ag, Au (VMS) Project
Vancouver, B.C. March 14, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce it has acquired 35 claim units (the “New Claims”) on the east flank of the Nine Mile Brook Project in the world class Bathurst Mining Camp, New Brunswick. The New Claims cover the contact between the Canoe Landing Lake and Boucher Brook Formations where the company has identified several high priority targets, strong dipping bedrock conductors to the northeast of the Nine Mile Brook Hi Grade Cu, Pb, Zn, Ag, Au (VMS) Lens (see figure 1). Figure 1: Nine Mile Brook Project Geology With the acquisition of the New Claims, the Nine Mile Brook Project land package now covers 25.13 km2 and includes a large portion of the prospective California Lake Group stratigraphy and all geophysical anomalies. The company can now focus on its 2022 exploration program including the integration of the New Claims into the existing 3D geophysical exploration model. The California Lake Group is part of the Bathurst Supergroup, which hosts the VMS Deposits, more specifically, the Spruce Lake and Canoe Landing Lake Formations host 12 deposits, the highly desirable prospective stratigraphy in the Bathurst Mining Camp. Nine Mile Metals is well positioned in this Formation covered by the Nine Mile Brook & Canoe Landing Lake West VMS Projects. The Bathurst Mining Camp is a premier mining jurisdiction in Canada, host to 95 massive sulphide (VMS) occurrences and 46 deposits including the historic Brunswick #12 (335 Mt – operated for 51 years), #6 Mine (51 Mt) and Trevali Mining Corporation’s producing Caribou Mine (71 Mt ). The Bathurst Mining Camp is considered the 3rd Largest VMS Mining Camp in the World & The Frazier Institute rates the New Brunswick Mining Jurisdiction as one of the World’s Best. The Company paid cash consideration of $15,000 plus 75,000 common shares of the company, which have a four-month hold legend. In addition, there is a 1-per-cent net smelter royalty (NSR) on the New Claims derived from metallic mineral production. The Company has the right to purchase the 1-per-cent NSR from the vendors for $1-million at any time prior to commencement of commercial production. The vendors are individuals and at arm’s length from the company. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the Company’s Qualified Person and as the COO of FMC 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 Cu, Pb, Zn, Ag and Au exploration in the world-famous Bathurst Mining Camp. The company’s primary business objective is to explore its two properties located in Bathurst, New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook for MFT (Minerals for Technology). 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 New Claims cover the contact between the Canoe Landing Lake and Boucher Brook Formations where the company has identified high priority, strong dipping bedrock conductors to the northeast of the Nine Mile Brook Hi Grade Cu, Pb, Zn, Ag, Au (VMS) Lens, (b) the Nine Mile Brook Project land package now covers 25.13 km2 and includes a large portion of the prospective California Lake Group stratigraphy and all geophysical anomalies, and (c) the company can now focus on its 2022 exploration program including the integration of the New Claims into the existing 3D geophysical exploration model. 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 Agrees to Acquire Additional Claims around the Nine Mile Brook VMS Project
Vancouver, B.C. March 1, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce an agreement (the “Agreement”) to acquire an additional 35 claim units (the “New Claims”) around the Nine Mile Brook Project in Bathurst Mining Camp, New Brunswick. The New Claims cover the contact between the Canoe Landing Lake and Boucher Brook Formations where there are identified high priority, strong dipping bedrock conductors to the northeast of the Nine Mile Brook VMS Lens. Pursuant to the Agreement, the Company intends to acquire the New Claims for cash consideration of $15,000 plus 75,000 common shares of the Company, which will have a four month hold legend. In addition, there is a 1.0% net smelter royalty (“NSR”) on the New Claims derived from metallic mineral production. The Company has the right to purchase the 1.0% NSR from the vendors for $1,000,000 at any time prior to commencement of commercial production. The vendors are individuals and at arm’s length from the Company. Figure 1: Nine Mile Brook Project Geology The acquisition of the New Claims is intended to solidify the Company’s land position at the Nine Mile Brook VMS Project into a target rich environment with complete coverage over high priority conductors. The land package also includes a large stratigraphic section of the Spruce Lake Formation which hosts the Boucher Brook Cu, Pb, Zn occurrence in the northwest (Figure 1) and numerous VMS deposits in the Bathurst Mining Camp including the Caribou mine. “We are very pleased to announce this agreement to acquire these specific claims adjacent to our Flagship Nine Mile Brook VMS Project in the Bathurst Mining Camp. This acquisition will allow Nine Mile to cover 100% of its high priority VMS targets identified through Fiddlehead Mining Corp’s geophysical analysis conducted in the fall of 2021. With these New Claims, we will increase our footprint over the Boucher Brook Contact Horizon which has been identified as a priority target formation,” stated Charles MaLette, President & CEO. 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 and as the COO of FMC, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore its two properties located in New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. 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 acquire the New Claims, (b) the Company will increase its footprint over the Boucher Brook Contact Horizon (c) there are identified high priority, strong dipping bedrock conductors to the northeast of the Nine Mile Brook VMS Lens, (d) the New Claims will solidify the Company’s land position at the Nine Mile Brook VMS Project into a target rich environment with complete coverage over high priority conductors, and (e) the land package includes a large stratigraphic section of the Spruce Lake Formation which hosts the Boucher Brook Cu, Pb, Zn occurrence in the northwest and numerous VMS deposits in the Bathurst Mining Camp including the Caribou mine. 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 Ltd. Announces Assay Results from Nine Mile Brook VMS Project including Lead-Zinc 38.8%, Gold 2.694 g/t, and Silver 14.50 oz/t
Vancouver, B.C. February 7, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce assay results from a work program completed on the Nine Mile Brook VMS Project (“Nine Mile Brook”) by Fiddlehead Mining Corp. (“FMC”) and prior to the company acquiring an interest in Nine Mile Brook (refer news releases November 29, 2021 and January 25, 2022). FMC completed a work program in September 2021 to sample sections of the VMS Lens Extension. Ten (10) samples were broken off the VMS Lens Extension for assay and submitted for analysis to Bureau Veritas Laboratories located in Timmins, Ontario (“BV Labs”). Due to the high-grade nature of the samples, analytical package AR404 was requested, the method specifically designed for high precision and accuracy required to quantify commodity elements for resource evaluation. This method had an upper limit maximum of 20% for copper, lead, and zinc. Since some values were above the maximum limit, analytical packages MA370 and GC817 were also employed by BV Labs, the latter having an upper limit of 100% Pb for lead. The results are summarized below in Table 1. Table 1: BV Labs Assay Results Sample # Cu Pb Zn Pb-Zn Au Ag Ag % % % Combined % g/t g/t oz/t 219M01 7.394 16.63 9.92 26.55 1.195 450 14.47 219M02 3.235 20.73 9.95 30.68 1.234 433 13.92 219M03 1.894 19.82 11.19 31.01 0.761 346 11.13 219M04 1.769 12.13 19.79 31.92 2.446 111 3.57 219M05 7.527 0.41 0.16 0.57 1.366 48 1.54 219M06 1.063 19.12 16.61 35.73 2.694 166 5.34 219M07 0.692 19.02 8.09 27.11 2.317 315 10.13 219M08 7.493 0.31 0.06 0.37 1.456 281 9.04 219M09 0.532 16.07 22.11 38.18 2.370 81 2.61 219M010 0.849 9.64 27.06 36.70 2.240 308 9.90 The base and precious metal values encountered in this last round of sampling are great in both grade and consistency. The assay results demonstrate the variability within the VMS sequence at Nine Mile Brook, highlighted by discreet, higher-grade sections of both base and precious metals. Patrick J Cruickshank, MBA, director of the Company and President & CEO of FMC stated, “These are the highest reported values yet on all of Bathurst Mining Camp Projects and we couldn’t be more excited to explore for additional VMS Lens and the economic large source deposit they broke off from. Nine Mile is taking steps to secure the next phase of this exciting exploration program on Nine Mile Brook. We are pleased that the BV Labs Assay results confirm that the Newly Discovered VMS Lens extension, is much larger and continues with High-Grade VMS Mineralization. In 2022, the Company’s exploration will focus on defining potential targets within and proximal to the California Lake Group Volcanics to the north of the VMS lens. To assist, high-definition UAV magnetics will be utilized to define the extent of the mineralized lens and associated geologic contacts. Figure 1: California Lake Group Volcanics host numerous VMS Deposits in the BMC Host to the Trevali Mining Corp’s Caribou Mine, the California Lake Group, depicted in orange on Figure 1, is one of the 3 major units that host VMS deposits in the BMC. The flagship Nine Mile Brook hosts a large geological section through the core of its land package. This high priority target area is up ice and may have been the potential source of the exposed VMS mineralization. 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 and as the COO of FMC, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore its two properties located in New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. 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 assayvresults are the highest in the Bathurst Mining Camp Projects; the Company will explore for additional VMS Lens and the economic large source deposit; the Company is taking steps to secure the next phase of this exciting exploration; the Company’s exploration will focus on defining potential targets within and proximal to the California Lake Group Volcanics to the north of the VMS lens; that high-definition UAV magnetics will be utilized to define the extent of the mineralized lens; that Nine Mile Brook hosts a large geological section through the core of its land package; and that this high priority target area is up ice and may have been the potential source of the exposed VMS mineralization. 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 Ltd. Appoints Mr. Jean Luc Roy as Director
Vancouver, B.C. February 1, 2022 – NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce that the Company has appointed Mr. Jean Luc Roy to the Board of Directors. Mr. John Mirko has resigned as a director of the Company. The Company wishes to thank Mr. Mirko for his time and experience as a director of Nine Mile. Mr. Roy is a mining executive with over 30 years of experience. He was President and CEO of El Nino Ventures Inc. (TSXV:ELN) where they were involved in the Bathurst Mining Camp in New Brunswick, Canada and the Democratic Republic of Congo (“DRC”) in Africa. He worked and lived in Africa for over 25 years where he held the following positions: Chief Operating Officer Ampella Mining Ltd. (ASX:AML), West African Manager for Centamin PLC (LSE:CEE), Country Manager for First Quantum Minerals Ltd. (TSX:FM) in the DRC, and Managing Director West Africa for Semafo Inc. (TSX:SM) in Burkina Faso. He is presently COO of Deep South Resources Inc. (TSXV:DSM) and director of Can Alaska Uranium Ltd. (TSX: CVV) and Deep South Resources Inc. (TSXV:DSM) where he is also a member of the Audit and Compensation Committees. Mr. Roy holds a Bachelor of Commerce from Concordia University. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore its two properties located in New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook. 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. 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 Ltd. Announces Acquisition of Mineral Properties, Name Change and New Director
Vancouver, B.C. January 25, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”) is pleased to announce that the Company has completed the acquisition of mineral properties in Northeastern N.B., and a corporate name change from “Stevens Gold Nevada Inc.” to “Nine Mile Metals Ltd.” The Company is also pleased to announce that is has appointed Patrick J. Cruickshank as a director. Name and Symbol Change The common shares of the Company commenced trading on the Canadian Securities Exchange (“CSE”) under the new name and trading symbol “NINE” on January 24, 2022. The Company’s new CUSIP number is 65443J106 and the new ISIN number is CA65443J1066. Shareholders are not required to exchange their existing share certificates for new certificates bearing the Company’s new name and Company shares held electronically in Direct Registration System will be booked automatically. New Director The Company is also pleased to announce the appointment of a new member to its board of directors, Mr. Patrick J. Cruickshank, effective 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 Olympic/U23 soccer player, US NCAA Division 1 Collegiate player and coach. Completion of Mineral Property Acquisitions The Company completed the acquisitions it previously announced on Nov. 28, 2021. The Company acquired from Fiddlehead Mining Corp. (“FMC”) 100 per cent of the mineral claims known as Canoe Landing Lake West, 50 per cent of the mineral claims known as Nine Mile Brook and a mineral property option to acquire the remaining 50 per cent of the Nine Mile mineral claims. Canoe and Nine Mile are located in northeastern New Brunswick. The properties are subject to 3-per-cent net smelter royalties, as further described in the purchase and sale agreement. Consideration for the mineral property assets was as follows: $25,000; and, 21 million post-consolidation common shares of the company. Prior to completion of the transaction, the company completed a two-old-to-one-new share consolidation. Following completion of the transaction, the company has 42,918,728 shares issued and outstanding. The consideration shares are subject to a four-month-and-a-day hold period. Approximately 18 million of the shares are also held under lock-up agreements with the Company, causing the shares under lock-up to be locked up and released as follows: 10 per cent on the date that is four months following the closing date; 15 per cent on the date that is three months following the first release date; 15 per cent on the date that is six months following the first release date; 15 per cent on the date that is nine months following the first release date; 15 per cent on the date that is 12 months following the first release date; 15 per cent on the date that is 15 months following the first release date; The remainder on the date that is 18 months following the first release date. The company also agreed to the following in the purchase and sale agreement: Appoint Patrick Cruickshank, chief executive officer of FMC, to its board of directors and engage Mr. Cruickshank as a consultant for a period of 24 months at a salary of at least $6,000 per month; Engage a specified individual as a consultant for a period of 24 months at a salary of at least $3,500 per month for PGeo services; Establish a technical advisory committee and invite specified individuals to join; and, Reimburse FMC $15,000 for the 43-101 technical report. A total of 630,000 common shares of the company were paid to Canaccord Genuity as a finder’s fee upon completion of the transaction. Nine Mile Mineral Property Option The Company acquired the Nine Mile option in the transaction. This entitles the company to obtain the remaining 50-per-cent ownership in Nine Mile from FMC. To exercise the option, the company must pay to FMC an aggregate of $3-million prior to the fourth anniversary of the effective date and incur an aggregate of $1-million of expenditures on the property over three years, with at least $500,000 of the expenditures being in the first 12 months of the option and a minimum of $150,000 per year spent on expenditures after the first 12 months of the option. The first payment toward the $3-million was a payment of $25,000 made by the Company to FMC on January 21, 2021 (the “effective date”). Subsequently, $50,000 will be payable on each anniversary of the effective date of the Nine Mile option. Despite the noted schedule, the company can exercise the option at any time during the four-year term by paying FMC $3-million, less the payments already made as long as the company is not in breach of the option at that time. The transaction does not represent a change of business. There will be one new director and no change of officers of the company required by the transaction. The transaction is at arm’s length. A copy of the agreement of purchase and sale, including the option agreement, is filed along with the company’s public disclosure on SEDAR. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore mineral properties. 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
Stevens Gold Announces Proposed Name Change to “Nine Mile Metals Ltd.”
Vancouver, B.C. January 18, 2022- STEVENS GOLD NEVADA INC. (CSE: SG) (the “Company”) announces that it will change its name to “Nine Mile Metals Ltd.” The change of name is subject to the acceptance of the Canadian Securities Exchange (“CSE”). At the same time, the Company will change its trading symbol to “NINE”. The Company is changing its name to reflect its new focus on its two proposed mining projects in New Brunswick, Canada, one of which is known as “Nine Mile Brook”. The other is known as “Canoe Landing Lake West”. The acquisitions, described in the Company’s press release dated November 29, 2021, are scheduled to be completed on or about Friday, January 21, 2022. The Company expects to start trading as “Nine Mile Metals Ltd.” under its new symbol “NINE” at market open on Monday, January 24th. About the Company The Company is a mineral exploration company. Its primary business objective is to explore mineral properties. ON BEHALF OF STEVENS GOLD NEVADA INC. “Charles MaLette” CEO, President, Director & Secretary T: 604-428-5171 E: info@stevensgold.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. 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 (a) change its name and symbol as described and (b) complete the acquisition of the two mining projects as and when described. Although the Company 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 the Company 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.