NINE MILE METALS ANNOUNCES CERTIFIED LAB HIGH-GRADE RESULTS UP TO 19.0% COPPER AND 40.00% + (LEAD-ZINC), 142 g/t SILVER & 2.78 g/t GOLD AT HISTORIC WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Wednesday, August 2, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified results for VMS mineralization collected from the Wedge mine site in the world-famous Bathurst Mining Camp, New Brunswick, Canada. Discovered in 1956, Cominco operated the mine between 1962 to 1968 producing 1.5 million tonnes of predominantly copper ore. Despite a long exploration and operating history, technical data regarding the mine was not required to be reported to the New Brunswick Department of Energy and Mines, including drill logs, assay certificates, production figures and underground mine plans. Highlights: High Grade Results: 19% Cu, 10.25% Pb, 30%+ Zn, 97 g/t Ag, and 2.78 g/t Au. Samples were fine-grained massive VMS (Cu-Pb-Zn) mineralization collected at the Wedge mine site. The samples were either Cu rich with minor (Pb/Zn) or (Pb/Zn) rich with minor Cu. Most samples consisted of 90% and sulphides and minor quartz / accessory minerals. Assay results also indicate credits for both Au and Ag. Property re-processed geophysics and AI stage 1 analysis completed. Upcoming drill program designs permitted and completed. SAMPLE # (Cu) % (Pb) % (Zn) % (Pb-Zn) % (Ag) g/t (Au) g/t W23001 .292 9.57 17.20 26.77 97 2.78 W23002 2.06 .086 .982 1.068 6 .173 W23003 4.64 1.18 1.81 2.99 12 .138 W23004 3.19 1.095 1.57 2.67 10 .106 W23005 2.08 .118 .823 .941 7 .166 W23006 1.585 .106 1.52 1.626 7 .160 W23007 2.06 .115 1.12 1.235 9 .173 W23008 7.26 .288 .549 .837 15 .109 W23009 2.85 .086 .439 .525 5 .201 W23010 1.81 .435 .166 .601 27 .537 W23011 8.21 .151 1.27 1.421 45 .124 W23012 .456 3.14 .911 4.051 51 1.485 W23013 7.60 .049 .295 .344 33 .128 W23014 .712 10.25 > 30.0 > 40.25 142 .760 W23015 19.00 .172 .473 .645 11 .058 W23016 1.825 .135 1.04 1.175 6 .148 W23017 2.21 .316 .45 .766 16 .481 W23018 9.14 .093 .192 .285 10 .183 W23019 3.43 1.19 2.98 4.17 16 .134 W23020 4.12 2.84 1.785 4.625 22 .107 W23021 3.82 1.495 .755 2.25 13 .115 W23022 4.51 3.43 1.585 5.015 26 .130 W23023 3.09 4.28 3.30 7.58 33 .124 W23024 3.82 .375 .038 .413 15 .573 W23025 4.98 .129 2.11 2.239 7 .099 W23026 3.30 .667 1.375 2.042 8 .124 W23027 2.80 .117 .698 .815 5 .095 W23028 .441 2.76 1.38 4.14 52 1.22 W23029 7.72 .146 .698 .844 21 .135 W23030 1.845 .118 .321 .439 3 .169 W23031 3.12 .243 .369 .612 19 .461 W23032 9.61 .182 .506 .688 10 .161 W23033 .456 3.27 1.07 4.34 59 1.38 ** ALS Global Labs Certified Assay Results Patrick J. Cruickshank, MBA, CEO & Director stated, “These certified results clearly demonstrate the high-grade Cu potential at the historic Wedge Mine. Locally enriched zones of Pb /Zn were also present as seen with sample W23014 where the Zn assay exceeded the upper analytical range. We look forward to testing the mine at depth and along trend with our new re-processed AI targets on the property. Now that the phase 2 drill program has commenced at Nine Mile Brook again, we will drill the Wedge property and then California Lake after our Nine Mile Brook program concludes. The strength and quality of our portfolio will provide exploration opportunities for increasing shareholder value. We look forward to an extremely busy fall drill season on the (3) priority projects and announcing future drill results.” Sample W23001 Sample W23014 “The sample results show a wide range of copper mineralization, in addition to local enrichment of lead, zinc, silver, and gold. The team looks forward to continued exploration at the Wedge and surrounding targets along trend,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. Sample W23015 Historic Wedge Mine in Production 1960’s Sample Ore Collection Zone (Wedge Project) BMC The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) Nine will drill the Wedge property and then California Lake after it Nine Mile Brook program concludes, (b) the strength and quality of Nine’s portfolio will provide exploration opportunities for increasing shareholder value, (c) the certified results clearly demonstrate the high-grade Cu potential at the historic Wedge Mine, and (d) Nine looks forward to continued exploration at the Wedge and surrounding targets along trend. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information
NINE MILE METALS ANNOUNCES THE DRILL RIG MOBILIZATION FOR THE CONTINUATION OF PHASE 2 DRILL PROGRAM AT NINE MILE BROOK
VANCOUVER, B.C. – MONDAY JULY 10, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce the mobilization of Lantech Drilling Ltd. track mount rig for continuation of the Company’s stage 2 drill program at its flagship Nine Mile Brook VMS project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). Following re-processing and technical analysis from Phase 1, refined targeting has identified a new structure crosscutting the project area west of the Lens. Defined by a chargeability high, the Nine Mile Structural Corridor contains individual targets along its boundaries that have never been drill tested. The completion of the 5,000m stage 2 drill program on the Nine Mile Brook VMS Project is scheduled to resume by July 17, 2023. Enhanced target definition has identified a massive new structure, the Nine Mile Structural Corridor, and new targets on the western flank of the Lens. The boundaries of the structure correlates to the Islands Trend in the west and the along a well-defined geophysical contact in the east. This structure has never been tested by drilling. The new structural trend identified by the chargeability west of the Lens may, due to extensive folding, contain felsic volcanics of the Spruce Lake Formation, host to known VMS mineralization in the BMC. Targeting is focused along both the western and eastern contacts of the Nine Mile Structural Corridor where favourable geology coincides with individual, discreet anomalies as in the north where veins of copper and zinc mineralization were intersected in drill hole T01-B-RM at the Islands. Re-interpretation of the geophysical and geological data further defined the regional trend and boundaries that host the Lens mineralization. New targets have been identified with a node at hinge A and its plunge to the north. Lantech’s track mounted drill rig provides ease of access reducing moving costs while also keeping environmental disturbance to a minimum. Lantech has also secured a REFLEX EZ-TRAC, a high precision magnetic and gravimetric instrument that can transfer vital downhole survey data in real time to assist in the planning, plotting, and modeling of data. Patrick J Cruickshank, MBA , CEO & Director stated, “Our reprocessing and further analysis from phase 1 of our drill program has identified a new structure that has never been tested. New analysis has identified this structure and its contacts as a high priority for testing the source of our Lens. This area has never been identified or drilled historically. Only by utilizing new algorithms and data from our phase 1 drilling have we been able to locate and define this area. The fact that it lines up exactly with the Islands contact has further added to its potential for minerialization. We look forward to further locating the source at the Islands for the VMS veins intercepted in phase 1. We are thrilled to announce a fully funded phase 2 mobilization next week and continue our exploration program at Nine Mile Brook. In the meantime, we are continuing to analyze and prepare for our Wedge and California Lake drill programs. We are proud to announce we have been selected and received the maximum amount of the New Brunswick Junior Mining Assistance Program Grant for our phase 2 drilling at our successful California Lake VMS Project from last fall 2022. This is a financial assistance program for private-sector mineral exploration companies. The maximum available is $50,000 and is intended to increase the probability of finding economically viable mineral resources in New Brunswick. Our successful identification and mineralization at our phase 1 drill program last fall 2022 has been identified and supported by the NB Government of Natural Resources and we are honoured to take this to the next level in phase 2 this summer. With the Wedge and the California Lake programs, we look forward to a very busy and successful summer/fall exploration season. We look forward to our next update.” “After merging the drill hole geology with the 3D geophysical model, a new structural trend has been identified on the Nine Mile Brook VMS Project where there has been no previous drilling. This is an exciting development and targeting in this stage is focused on more discreet, strong anomalies along the structural boundaries where favourable geology has been identified. This target area has always been considered a potential source of the Lens mineralization which may have moved into place following the many episodes of folding that define the deposits in the BMC,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of
NINE MILE METALS ANNOUNCES RESULTS OF BULK SAMPLE RECOVERY ANALYSIS FROM RPC, FREDERICTON, N.B.
CLICK HERE TO DOWNLOAD THE PDF VANCOUVER, B.C. MONDAY, June 26, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce we received the final report analysis and results of mineralogical testing by Research and Productivity Council (“RPC”), located in Fredericton, New Brunswick. RPC was engaged by Nine Mile Metals to investigate the potential of Cu-Pb-Zn-Ag-Au recovery from the Nine Mile Brook VMS Lens. RPC was provided with 52 kilograms of drill core samples (Figure 1) from the 2022 drill program to characterize the mineralogy and direct further recovery investigations. The material was combined into 3 samples after consultation with the Nine Mile Technical Team. Highlights from the report include: The mineralogy is like other Bathurst Mining Camp deposits however the concentration of payable metals is not typical, having very high grades. Combined payable metal in each of the 3 samples were 21.3% Cu, 16.1% Pb and 18.1% Zn. RPC concluded that an 18.5% combined payable metal could be attained based on a non-weighed average blend *** Note: This does not include Ag and Au values. Silver grades were similar in all 3 samples, averaging 216 g/t Ag, the silver contained in the mineral tetrahedrite, an antimony sulphide of Cu, Fe, Zn, Ag. Gold varied between 1.481 – 1.922 g/t Au. The samples also contained the critical technology element Indium, ranging from 200 – 390 ppm In. The Company has also received approval and additional grant funding through the National Research Council- Industrial Research Assistance Program to fully fund the next stage directed by RPC which includes: Gravity separation and a bulk sulphide flotation testing to determine if there is potential to further upgrade the payable metal contents. Identify and contact smelters that can process high-grade ore. Analyze and assess potential processing options for the high Indium mineralization found in the Lens Ore, a critical mineral used in defence, energy, and telecommunications. Due to the size and composition of the sample material, prior to the initiation of the 2,500 tonne Bulk Sampling program, Nine Mile will be providing the Department of Mines the following: Site design plans Detailed reclamation plan for the site. Baseline water testing (prior, during, after completion) Patrick J Cruickshank, MBA, CEO & Director stated, “The bulk sample analysis and receipt of another fully funded next phase for RPC is a terrific example of the support and partnerships between the mining industry and junior mining companies, here in New Brunswick. We were not surprised with the high-grade analysis and look forward to identifying the recipient smelter and initiating the bulk sample extraction phase. With the current favourable commodity prices and RPC’s head grade analysis reporting 18.5% combined payable metal, the economics of our bulk sample program will be very positive. The presence of Indium was a pleasant surprise and RPC is investigating the options to extract that high technology mineral.” “The work by RPC has further confirmed the exceptional grades of the lens, the mineralogy consisting of primary, base metal sulphides and minor accessory minerals, facilitating processing. With head grade averages of 216.26 g/t Ag and 1.63 g/t Au and the potential of recovering Indium, we look forward to receiving RPC’s next stage final analysis report for our bulk sample program,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) Project and the Wedge 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: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) Nine Mile will be providing the Department of Mines the site design plans, the detailed reclamation plan for the site, and the baseline water testing (prior, during, after completion), (b) the economics of our bulk sample program will be very positive, (c) RPC was engaged by Nine Mile Metals to investigate the potential of Cu-Pb-Zn-Ag-Au recovery from the Nine Mile Brook VMS Lens, (d) the next stage to be conducted by RPC includes gravity separation and a bulk sulphide flotation testing to determine if there is potential to further upgrade the payable metal contents, (e) analyze and assess potential processing options for the high Indium mineralization found in the Lens Ore, (f) the potential of recovering Indium, and (g) the mineralogy is like other Bathurst Mining Camp deposits however the concentration of payable metals is not typical, having very high grades. 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
NINE MILE METALS ANNOUNCES XRF HIGH-GRADE RESULTS UP TO 24.81% COPPER AND 38.50% COMBINED LEAD-ZINC FROM HISTORIC WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Monday, June 19, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the XRF results for VMS mineralization collected from various locations at the Wedge mine site in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). Discovered in 1956, Cominco operated the mine between 1962 to 1968 producing 1.5 million tonnes of predominantly copper ore. Despite being a former producer with a remaining resource of 545,200 tonnes* grading 1.75% Cu, 5.21% Zn, 1.71% Pb (McCuthcheon et al, 2005), there is very little technical data with the New Brunswick Department of Mines (“NBDEM”) or in the public domain. There are no records of critical items such as geological maps, drill hole locations, drill logs, drill core, underground mine plans, production figures and assay certificates. The team continues to collect representative samples amongst the rubble at site in the western portion of the clearing (Figure 1), to determine the base and precious metal assay values and to validate the historical grades. Geological mapping is underway to define the host geology which will assist in drill hole targeting. Upon completion of geological mapping, geophysical surveying, data compilation and interpretation by the technical team, Stage 1 drilling will commence. As with the first sample series, the samples are cut, and analyzed XRF utilizing an Olympus Vanta 50 portable XRF equipped with a 50Kv workstation and Reflex XRF software. The XRF process included calibrating the machine and utilizing 3 standards in the sample stream (OREAS622, CDN-CGS-10 and CDN-BL-10) twice during analysis. Each sample consisted of numerous cut slabs represented by the number in brackets adjacent to the sample number below. As such, the samples were not homogeneous. Each slab was analyzed in 3 separate locations and the results averaged by the Reflex XRF software. The sum of the averages for each individual sample was divided by the number of pieces, the results of which are presented below. There were a total of 213 data points collected. The same samples have been shipped to ALS Global in Moncton for preparation and certified assay results. Highlights: A variety of mineralized sample types were collected at the mine site including fine-grained massive VMS (Cu-Pb-Zn), banded VMS mineralization in addition to massive chalcopyrite as in sample W23015. The samples were predominantly Cu rich with minor Pb/Zn. Most samples consisted of 90% + sulphides and minor quartz / accessory minerals. Historically, Cu is found concentrated in the coarse-grained pyrite in the thickest part of the deposit as demonstrated in sample W23015 (Figure 2). Sample W23014 is typical of hanging wall mineralization with fine grained pyrite and narrow bands of sphalerite and galena (Figure 3). The samples were primarily located in the western portion of the site, 141m west of the footings of the headframe and hoist. SAMPLE # Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) W23010 (4) 2.75 1.63 0.23 1.86 TBD TBD W23011 (4) 10.03 0.16 1.30 1.46 TBD TBD W23012 (4) 0.40 2.99 1.31 4.30 TBD TBD W23013 (4) 9.77 0.06 0.49 0.55 TBD TBD W23014 (7) 0.53 7.54 30.96 38.50 TBD TBD W23015 (2) 24.81 0.20 0.40 0.60 TBD TBD W23016 (2) 2.41 0.12 1.45 1.57 TBD TBD W23017 (2) 6.19 0.28 0.98 1.26 TBD TBD W23018 (2) 12.67 0.44 0.30 0.74 TBD TBD W23021 (2) 6.43 0.95 2.60 3.55 TBD TBD W23022 (2) 6.15 1.55 2.70 4.25 TBD TBD W23023 (4) 3.92 1.82 2.88 4.70 TBD TBD W23024 (3) 4.34 0.33 0.03 0.36 TBD TBD W23025 (3) 7.20 0.12 3.94 4.06 TBD TBD W23026 (4) 4.62 0.15 2.94 3.09 TBD TBD W23027 (2) 4.89 0.10 1.96 2.06 TBD TBD W23028 (2) 0.58 3.08 2.55 5.63 TBD TBD W23029 (2) 9.18 0.08 0.52 0.60 TBD TBD W23030 (2) 2.58 0.12 0.36 0.48 TBD TBD W23031 (3) 6.08 0.25 0.83 1.08 TBD TBD W23032 (3) 7.42 0.19 1.83 2.02 TBD TBD W23033 (2) 0.61 2.48 0.88 3.36 TBD TBD Patrick J Cruickshank, MBA, CEO & Director stated, “We continue to see high-grade copper and zinc at the Wedge and look forward to finalizing our upcoming project analysis for our upcoming Wedge drill program this year. The grades reflect a higher copper potential here and our drone technology analysis will demonstrate the upside potential of the Wedge and the newly identified targets on this high-quality property. We will test this mine’s economics, and larger footprint at depth and along the newly discovered western clustering trend. These results are very encouraging, and we look forward to getting the Certified Assay results from ALS Global in Vancouver including the Au and Ag.” “The work to date and ongoing exploration provides critical information on the Wedge Deposit geology, mineralogy and potential base and precious metal grades. The results also demonstrate the Cu potential at the Wedge. The team is looking forward to receiving the certified results from ALS Global, in particular the Au and Ag assay values from the various styles of mineralization we have uncovered at site. We look forward to working closely with the Department of Mines geological team as we move the Wedge Project to the drill stage,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. McCutcheon et al, 2005 – Stratigraphic setting of base-metal deposits in the Bathurst Mining Camp, New Brunswick; Geological Association of Canada, Mineralogical Association of Canada, Petroleum Geologists, Canadian Society of Soil Sciences, Joint Meeting – Halifax, May 2005, Field Trip B4; Department of Earth Sciences Dalhousie University, Halifax, Nova Scotia, Canada B3H 3J, AGS Special Publication Number 30, 107p. The previously announced flow-through private placement of raising up to $400,000 is now closed. The Company is not proceeding with a second tranche. The Company previously announced closing $250,000 on its news release dated May 31, 2023. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101
Nine Mile Metals Announces Closing of Private Placement
Vancouver, B.C. June 14, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the Company completed a non-brokered private placement (the “Private Placement”) for proceeds of $298,680 from the issuance of 2,986,800 units (each, a “Unit”) of its securities at a price of $0.10 per Unit. Each Unit consists of one 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 $0.15 for a period of 24 months. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders and brokers received 42,000 common share purchase warrants, exercisable to purchase one common share at a price of $0.15 for a period of 24 months. There were no cash commissions paid. The proceeds from the sale of the Units will be used for operating expenses, including legal and audit fees 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 Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 603.428.5171 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.
SCANDINAVIAN ALLIANCE DEBT CONVERSION
VANCOUVER, B.C. – June 8, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses the conversion of debt and share issuance pursuant to its Business Development & Marketing Consulting Agreement with Karlsson Group Limited doing business as Scandinavian Alliance (“Scandinavian Alliance”), entered into on March 1, 2023 (the “Agreement”). The Company has issued Scandinavian Alliance 349,747 common shares (“Common Shares”) at a deemed price of $0.1026 per share in a debt conversion for the payment of $35,884 owed to Scandinavian Alliance for work already completed under the Agreement. The Common Shares are subject to a four month and a day hold period. The consultant is not a related party of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 603.428.5171 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 XRF HIGH-GRADE RESULTS UP TO 9.8% COPPER AND 22.85% COMBINED LEAD-ZINC FROM HISTORIC WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Tuesday, June 6, 2023 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the XRF results for VMS mineralization collected from the Wedge mine site in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). Discovered in 1956, Cominco operated the mine between 1962 to 1968 producing 1.5 million tonnes of predominantly copper ore. Despite a long exploration and operating history, technical data regarding the mine was not required to be reported to the New Brunswick Department of Energy and Mines (“NBDEM”), including drill logs, assay certificates, production figures and underground mine plans. Prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values. Initial samples have been collected at site, cut, and analyzed utilizing an Olympus Vanta 50 portable XRF equipped with a 50Kv workstation and Reflex XRF software. The XRF process included calibrating the machine and utilizing 3 standards in the sample stream (OREAS622, CDN-CGS-10 and CDN-BL-10) twice during analysis. Each sample consisted of numerous cut slabs represented by the number in brackets adjacent to the sample number below. As such, the samples were not homogeneous. Each slab was analyzed in 3 separate locations and the results averaged by the Reflex XRF software. The sum of the averages for each individual sample was divided by the number of pieces, the results of which are presented below. There was a total of 102 data points collected. The same samples have been shipped to ALS Global in Moncton for preparation and certified assaying. Highlights: Samples were fine-grained massive VMS (Cu-Pb-Zn) mineralization collected at the Wedge mine site. The samples were predominantly Cu rich with minor Pb/Zn. Most samples consisted of 90% + sulphides and minor quartz / accessory minerals. SAMPLE # Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) W23001 (6) 0.17 5.80 17.05 22.85 TBD TBD W23002 (5) 3.08 0.12 0.95 1.07 TBD TBD W23003 (3) 4.76 0.17 2.70 2.87 TBD TBD W23004 (4) 4.03 0.14 4.20 4.34 TBD TBD W23005 (4) 6.22 0.18 1.18 1.36 TBD TBD W23006 (2) 2.22 0.17 2.05 2.22 TBD TBD W23007 (2) 1.99 0.15 2.19 2.34 TBD TBD W23008 (4) 9.80 0.12 0.28 0.40 TBD TBD W23009 (4) 8.79 0.14 0.63 0.77 TBD TBD It is important to note that the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global. Patrick J Cruickshank, MBA, CEO & Director stated, “We are extremely surprised at the high-grade Copper values from this 1st group of samples from the Wedge Mine Ore. In addition to resuming our Nine Mile Brook drill program in the next 2 weeks, our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. I am particularly interested in receiving the silver & gold assay results from the ALS Labs. We look forward to additional ore sampling at the Wedge project and receiving the EarthEx Geophysical Solutions (“EarthEx”) geophysical reprocessing analysis in preparation to our 2023 drill program. The Wedge proves to be a valuable asset in our portfolio.” “The grades of copper in this initial round of sampling attest to the prospectivity of our newly acquired Wedge VMS project. In addition to the Wedge Mine, the project area includes the West Wedge, Tribag and Lower Forty Mile Brook target areas, where previous trenching and drilling have intersected VMS mineralization along this portion of the California Lake Group. EarthEx is currently reprocessing the geophysical data, with preliminary results indicating a relationship between the magnetic trends and EarthEx’s identified targets. We look forward to utilizing new technology to expand the reported Wedge Mine resource of 545,200 tonnes* grading 1.75% Cu, 5.21% Zn, 1.71% Pb (McCuthcheon et al, 2005), by working along strike and depth. Advancing the new target areas West Wedge and Tribag is also a main priority in 2023,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. * Note: The resource is historical and cannot be relied upon 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 four VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) Project and the Wedge 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: 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) prior to commencing the 2023 exploration drill program, the ground will
SCANDINAVIAN ALLIANCE DEBT CONVERSION
VANCOUVER, B.C. – June 2, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses an intention to convert debt and issue shares pursuant to its Business Development & Marketing Consulting Agreement with Karlsson Group Limited doing business as Scandinavian Alliance (“Scandinavian Alliance”), entered into on March 1, 2023 (the “Agreement”). Nine Mile intends to issue up to 349,747 common shares (“Common Shares”) at a deemed price $0.1026 per share in a debt conversion for the payment of $35,884 owed to Scandinavian Alliance for work already completed under the Agreement. There issuance of Common Shares will not result in a new insider or control person. Scandinavian Alliance is not a related party of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 603.428.5171 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 intends to convert $35,884 of debt into up to 349,747 common shares at a deemed price of $0.1026. 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 Private Placement Financing
Vancouver, B.C. May 31, 2023- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces its intention to complete a private placement for proceeds of up to $250,000 (the “Private Placement”). The Private Placement will consist of the sale of up to 2,500,000 units (each a “Unit”) at a price of $0.10 per Unit. Each Unit will be comprised of one common share (a “Common Share”) 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 acquire one Common Share in the capital of the Company at a price of $0.15 per Common Share for a period of 24 months from the date of issuance. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 7% cash and 7% common share purchase warrants, exercisable to purchase one common share at a price of $0.15 for a period of 24 months. The Company intends to use the proceeds for operating expenses, including legal and audit fees and general working capital. All securities issued in the private placement will be 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 Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 603.428.5171 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 the private placement for proceeds of $250,000; 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 Closes 1st Tranche of $400,000 Private Placement
Vancouver, B.C. May 31, 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 up to $400,000 (the “Offering”). The Company issued 1,666,667 flow-through units (each, a “Unit”) at a price of $0.15 per Unit, for proceeds of $250,000. Each Unit consists of one flow-through common share of the Company and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.23 for a period of 24 months. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders received 116,667 common share purchase warrants, exercisable to purchase one common share at a price of $0.23 for a period of 24 months and cash of $17,500. The proceeds raised through the offering will be used to carry out the current recommended work programs on its other properties in New Brunswick, Canada. This will include exploration and drilling on its Wedge and Canoe Landing properties and exploration on its California Lake property on or before December 31, 2023. All securities issued in the Offering 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 Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: bud@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 so that the Offering will total approximately $400,000 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.