Nine Mile Metals Updates Flow Through Financing
NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has updated the terms of its flow-through (“FT”) private placement. The FT private placement will consist of the sale of up to 2,666,667 FT Units at $0.15 each, for gross proceeds of up to $400,000. Each FT Unit will be comprised of one common share, issued on a flow-through basis (“FT Share”) and one Common Share purchase warrant, issued on a non-flowthrough basis (“Warrant”). Each Warrant will entitle the holder thereof to acquire one common share in the capital of the company (each, a “Common Share”) at a price of $0.23 per Common Share for a period of 24 months from date of issuance. The FT Shares are intended to qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada). In consideration for their services in introducing subscribers to the Company under the FT 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 $0.23 for a period of 24 months. Since the Company is already fully funded to complete its work program on its Nine Mile Brook property, it will use the net proceeds of the FT private placement 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. This work will be eligible as “Canadian Exploration Expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada). All securities issued in the FT 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 VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. Charles Malette President and Director T: 1-604-428-5171 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 the FT private placement for proceeds of $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.
NINE MILE BROOK DRILL PROGRAM UPDATE – IDENTIFIES VMS SYSTEM AT “ISLANDS TARGET AREA”
VANCOUVER, B.C. – Thursday May 25, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has completed the first half of the Nine Mile Brook Drill Program II completing 14 holes representing 3,059 meters (Figure 1, Table 1). The initial holes tested numerous geological and geophysical targets. Target areas included I.P. responses at Hinge A, magnetic nodes south of Hinge A, I.P. anomalies to north along the contact of the Boucher Brook sediments and felsic volcanic rocks of the Spruce Lake Formation (California Lake Group) and a previously untested gravity target to the southwest (NM23019). Drill Hole AI (Historical Artificial Intelligence Target) was setup on the same collar as NM23027. Drill holes NM23031, NM23032 and NM23033 were collared within the circle southwest of the VMS Lens (LENS). A planned pause in activity coincided with “Spring Break Up” this year where the annual snow melt causes flooding of access roads and drill sites. To limit damage during this period, a government mandated road closure was put in place along our main access route until drier conditions prevail. As soon as the roads and access routes open up, we look forward to the continuation of the drill program. As part of our regular exploration process, a pause in drilling is scheduled, allowing the team to complete the logging and formatting of data for migration into the living 3D model. The model has projections of the drill holes including the geology, structure, mineralization, and subsurface geophysical anomalies allowing for better interpretation and targeting going forward. Priority drill holes generated from the I.P. survey (MAG / IP / RES) included a series of 4 holes to the north along the sediment / felsic volcanic contact, California Lake Group and 3 drill holes on the south flank of Hinge A. The targets included well defined magnetic, chargeability and resistivity anomalies along the felsic / sediment contact. Elevated magnetics are characteristic of VMS deposits in the BMC, most deposits having associated iron formation proximal to the mineralization. Chargeability is indicative of sulphide mineralization while resistivity defines associated alteration such as silicification. Southwest of Hinge A, a new, mineralized system was identified associated with a subtle magnetic node similar to that adjacent to the VMS mineralization drilled in 2022. The target was intersected by 5 holes totalling 727m and consisted of a hydrothermally altered gabbro extensively mineralized with pyrite and arsenopyrite, characteristic of gold deposits in the BMC. To date, a total of 367 samples of 700+ identified have been cut and sent to ALS Global in Moncton, New Brunswick for preparation with final Fire Assay Au and multi-element analysis being conducted in Vancouver, British Columbia. Assays have been received; however, the Au values were sub economic. Drillhole ID Total Length Azimuth Dip Target Depth Target T01-A-RM 295 135 -45 50 150 IP/RES T01-B-RM 416 120 -43 200 350 MAG IP/RES T01-C-RMI 215 153 -46 50 110 MAG IP/RES T02-A-RMI 191 139 -51 150 IP/RES T05-A-RMI-Priority 458 136 -74 50 225 IP/RES T14-A-RMI 168 270 -45 50 MAG IP/RES NM23027 206 135 -45 50 – 90 + MAG AI 225 270 -45 100+ Geochem NM23023 * 166 135 -45 0 – 90 Geology NM23024 * 193 135 -45 0 – 90 Geology NM23031 * 121 135 -45 0 – 90 Geology NM23032 * 137 135 -45 0 – 90 Geology NM23033 * 110 150 -45 0 – 90 Geology NM23019 158 180 -45 100+ Gravity TOTAL 3,059 Table 1: Phase 2 Drill Program (1st stage), Nine Mile Brook (Completed Holes to Date) Reconciliation of the targets with the drill hole intersections is complete, identifying a favourable target horizon in the northwest along the California Lake Group, “Islands” felsic / sediment contact. In drill hole T01B-A-RMI, mineralization near surface and at depth intersected veinlets of VMS mineralization including chalcopyrite (Cu), sphalerite (Zn) and galena (Pb) in a sequence of rocks that typically host VMS deposits. Intersecting mineralization to the northwest along the contact suggests that the origin of the VMS mineralization at the Lens area may have originated in that area, being relocated by numerous episodes of folding and faulting. The presence of felsic volcanics further suggests they may be more abundant than previously thought, the rusty, gossanous pyritized rhyolite adjacent to the lens having the same characteristics as the exposures to the north. Original Analysis processing by EarthEx initially identified 100+ anomalies in the geophysical dataset. Drill results and modeling of data has resulted in a revised interpretation of the geological setting at Hinges A and B, the technical team believing the trends form a broader structure due to folding and not separate hinges as previously thought. Reinterpretation of the geological setting has also eliminated specific targets and target areas previously classified as priority. The team is now focused on more favourable target signatures associated with recently defined, prospective geology. ` Advanced targeting is underway by EarthEx Geophysical Solutions Inc. (“EarthEx’) for the Lens area, the favourable horizon to the northwest and Hinge B where an untested conductor defined by EarthEx is adjacent to felsic volcanics. At the Lens, no historic drill holes have been drilled to the west where we now believe felsic volcanics may be more abundant than previously thought. EarthEx is now reviewing the geophysical data in that area, especially where subsurface continuity of features appears adjacent to or proximal to that defining the lens. To the northwest, the favourable horizon is also being re-evaluated, focusing on the geology, specifically the felsic volcanics and continuity of related subsurface anomalies. As previously announced, Lantech Drilling has been engaged with their mobile track mounted drill for part 2 of the Nine Mile Brook Drill Program. “The scheduled downtime has allowed the Technical Team time to review progress to date and make the necessary adjustments going forward. Newly prioritized drill holes are now planned west of the Lens and to the north along the favourable horizon defined by the California
Nine Mile Continues California Lake and Canoe Landing Lake East Option with First Anniversary Payments
VANCOUVER, B.C. – April 25, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of California Lake and Canoe Landing Lake East mineral projects, dated April 25, 2022 (the “Option.”) The Option and payments were previously announced on April 26, 2022. The Company has issued 333,334 common shares (“Common Shares”) at a deemed price of $0.2025 per share and paid $20,000 to the vendors, in accordance with the Option. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE ISSUES SHARES TO SCANDINAVIAN ALLIANCE FOR SERVICES
VANCOUVER, B.C. – April 5, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses the conversion of debt and share issuance pursuant to its Business Development & Marketing Consulting Agreement with Karlsson Group Limited doing business as Scandinavian Alliance (“Scandinavian Alliance”), entered into on March 1, 2023 (the “Agreement”). The Company has issued Scandinavian Alliance 150,457 common shares (“Common Shares”) at a deemed price of $0.2385 per share in a debt conversion for the payment of $35,884 owed to Scandinavian Alliance for work already completed under the Agreement. The Common Shares are subject to a four month and a day hold period. The consultant is not a related party of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: +1.604-428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS CONTINUES TO DRILL ON ITS NINE MILE BROOK VMS PROJECT
The Company has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program. VANCOUVER, B.C. – Monday March 27, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce an update on its Nine Mile Brook VMS Project winter drill program. Winter drilling commenced on February 17, 2023 (see prior news release) on the Company’s Nine Mile Brook VMS Project utilizing a skid-mounted drilling rig operated by Orbit Garant Drilling Inc. based in Moncton, NB. Orbit Garant Drilling has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program. More than 730 metres of drill core are being logged, photographed, cut and prepared for rush assays, which is expected to take 2-3 weeks for each submission. All assays are being shipped directly to ALS Global in Moncton, NB. Due to the hardness and amount of core identified for assay, the Company is adding additional equipment and crew to assist in expediting this process. The certified Lab Assay results will be released as they are completed, reviewed, and analyzed. Nine Mile raised gross proceeds of $1,271,000 in December 2022. The current 5,000 metre drill program is estimated to cost $750,000. The Company is not raising additional funds at this time. The Company has also secured the return of Lantech Drilling’s track-mounted mobile rig to our Nine Mile Brook program. This second drill rig is expected to be mobilized before the end of April subject to weather conditions. We are also preparing permits for the new Wedge Project targets previously identified by EarthEX Geophysical Solutions and our Technical Team. EarthEX is also assisting Nine Mile in the design of additional advanced exploration programs on California Lake and the Canoe Landing Lake VMS Projects. Patrick J. Cruickshank, MBA, CEO & Director stated, “We are quite pleased with the execution of our drill program to date, and the amount of mineralized core identified for certified assays by ALS Global in Moncton. We look forward to adding the 2nd rig at Nine Mile Brook and continuing with our Flagship exploration program. This will allow us to focus on certain areas and continue the bigger program at the same time. I continue to be impressed with our technology driven exploration program design and execution.” “The program is being executed as planned, testing a variety of defined geophysical and geological targets. As drilling progressed, new targets and systems have been identified. We look forward to receiving our first assays and following up on those results,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., VP Exploration and Director who acts as the Company’s Qualified Person and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and our new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the certified Lab Assay results will be released as they are completed, reviewed, and analyzed, (b) by adding the 2nd rig at Nine Mile Brook and continuing with our Flagship exploration program, this will allow us to focus on certain areas and continue the bigger program at the same time, (c) more than 730 metres of drill core are being logged, photographed, cut and prepared for rush assays, which is expected to take 2-3 weeks for each submission, (d) this second drill rig is expected to be mobilized before the end of April subject to weather conditions, (e) he current 5,000 metre drill program is estimated to cost $750,000, and (f) we continue to be impressed with our technology driven exploration program design and execution. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals Shareholder Letter
NINE MILE METALS CONTINUES ITS DRILL PROGRAM AT NINE MILE BROOK PROJECT AND INCREASES ITS LAND PACKAGE BY 51.79 KMS2 TO A TOTAL OF 121.97 KMS2 WITH (4) STRATEGIC PROPERTY ACQUISITIONS Regional Land Portfolio increases to include (4) VMS Projects totaling 121.97 kms2 (552 claims). The “New” Wedge Project acquired including the Wedge Deposit, 164 claims totaling 36.24 kms2. California Lake Project acquires the “40 Mile Brook Property”, 30 Claims totaling 6.60 kms2. Nine Mile Brook Project acquires the “West Nine Mile Brook property”, 29 claims totaling 6.38 kms2. Strategic land package over the Nine Mile Synform area of the World-Famous Bathurst Mining Camp We are extremely proud to have built our project portfolio in the most prospective area of the BMC and look forward to applying our leading-edge exploration techniques to our projects in a regional scale. Our current Nine Mile Brook drill program is progressing on schedule and we are very pleased with the Orbit Drill team and their performances. We are currently developing our 2023 program and look forward to announcing our roadmap for the season. Any time you can add value to our portfolio through high quality projects and an opportunity to re-analyze an existing deposit with a historical resource and apply our new technology to identify a trend (horizon) with new priority targets, is nothing short of exciting for our team. We are dedicated and focused on this area of the camp that is complex and under explored but we believe is the most attractive for our exploration efforts. PDAC Our team will be at Prospectors & Developers Association of Canada (PDAC) Conference March 5 to March 8, 2023. Our CEO Patrick Cruickshank, VP Exploration & Geologist Gary Lohman and some others from our exploration team will be present. Our schedule is as follows: Windfall GeoTek AI Booth #2149 Monday Tuesday Wednesday 9:30-11:30am EarthEX Geophysical Solutions Booth #1431 Monday Tuesday Wednesday 1:00-3:00pm Presentation & Website We have just updated our Investor Presentation, click here to view. The team is currently working on updating the website and hopes to have the refreshed version available soon. Thank you for following the Nine Mile Metals story, “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four (4) VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
NINE MILE METALS ANNOUNCES SCANDINAVIAN ALLIANCE CONSULTING AGREEMENT
VANCOUVER, B.C. – Thursday March 2, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has entered into a consulting services agreement dated March 1, 2023 (the “Consulting Agreement”) with Karlsson Group Limited, doing business as Scandinavian Alliance (“Karlsson”) for a period of three months. Karlsson will undertake a comprehensive European awareness campaign for the Company, including consultation, advice, heightening brand awareness, broadening the Company’s reach within the Scandinavian audience, and similar activities designed to further the business and development interests identified by the Company. During the three-month term of the Consulting Agreement, the Company will pay Karlsson $35,884 per month, in arrears. Instead of receiving cash, Karlsson may choose to convert the debt owing to it into shares of the Company at a 10% discount on the Company’s 5-day VWAP prior to the end of the month in question, subject to the minimum price allowed by the policies of the Canadian Securities Exchange. Such shares will be subject to a four month and a day hold period as required pursuant to applicable securities laws. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four (4) VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that Karlsson will provide the services as described above. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE ANNOUNCES DRILLING BEGINS ON ITS NINE MILE BROOK VMS PROJECT
VANCOUVER, B.C. – February 17, 2022, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that winter drilling has commenced at the Company’s Nine Mile Brook VMS Project, utilizing skid-mount drill rigs operated by Orbit-Garant Drilling Inc. based in Moncton, New Brunswick. The drill program has re-entered Hole T05-A that was partially drilled prior to Holiday Winter break. The Company originally announced the drill program on January 16, 2023 and January 31, 2023. Nine Mile will announce further drilling updates over the coming weeks. Follow us on our social media platforms for timely updates, listed below. “We are excited to have re-commenced our high priority Nine Mile Brook drill program with our larger, deeper skid mounted rig from Orbit-Garant, specialists in deeper drill targets programs. The exploration team is onsite and continuing with the T05-A hole at Hinge A Target Zone hole we capped when the Holiday Break began. We have also confirmed several additional target drill holes over this area based on the most advanced technical analysis from our Technical Team. We look forward to updating our exploration news shortly. We are also excited to welcome Oak Hill Financial & Global Media One. We are driven to build the most advanced and specialized team we can on and off the field”, stated Patrick J Cruickshank, MBA CEO & Director Marketing Agreement The Company has also engaged the services of Global Media One Limited (“Global Media One”) to manage social media on the Company’s behalf, including the distribution of news releases, interviews, and other similar services. Global Media One does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest. Global Media One may provide additional services in the future. About Global One Media Global One Media is an innovative investor-focused digital marketing agency solving the needs of small and mid-cap listed companies. We deliver creative and effective solutions for brand positioning and strategic communications across all industries, specializing in investor engagement and growth marketing for listed and pre-IPO companies. Using our global network, we help public companies dominate their sector amid the web and social media landscape, tell their story in an engaging manner, and reach millions of investors around the world. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company is resuming a 5,000m drill program which will concentrate on new targets that have been identified at its high-priority ‘Hinge A’, (b) Nine Mile will announce further drilling updates over the coming weeks, (c) Global Media One may provide additional services in the future, and (d) we look forward to updating our exploration news shortly. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ACQUIRES THE WEDGE PROJECT INCLUDING THE WEDGE COPPER DEPOSIT PROJECT
VANCOUVER, B.C. – Thursday February 16th, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has entered into a Mineral Property Option Agreement dated February 9, 2023 (the “Agreement”) to acquire a 100% interest in the Wedge Project from Slam Exploration Ltd. (“SLAM”). The Wedge Deposit was mined by Cominco and produced 1.503MT grading (2.88% Cu, 0.65% Pb, 1.81% Zn, 20.6 g/t Ag). The Wedge Property consists of 114 claim units covering 25 km2. The Wedge deposit was discovered by Cominco in 1957-58 after drilling an EM Anomaly Proprietary New technology (UAV 3D and AI) will be utilized to explore the entire mineralized trend at depth and along the wedge horizon including the massive western property targets. The Tribag and West Wedge occurrences have not been tested at depth and is open in all directions along the trend. The Wedge Project borders our California Lake & Canoe Landing Lake Projects and solidifies our regional land portfolio in the highly regarded BMC Saddle folds. Nine Mile Metals also staked the “Three Corner Lake” property from the NB DEM eclaims. This property includes 50 claim units covering 11 km2, just west of the newly acquired Wedge Property. The (2) properties will be grouped together and be managed as “The Wedge VMS Project” under the Nine Mile Metals Portfolio Assets. Patrick J. Cruickshank, MBA CEO & Director stated, “We are pleased to add this project to our priority portfolio in the BMC. We are developing our advanced exploration program for 2023 utilizing our Technical Team’s proprietary UAV 3D & AI target extraction and machine learning analytics processes on the Project’s new and existing targets, including the former producing Wedge Copper deposit. The Wedge deposit was considered a Copper deposit so where is the rest of the VMS occurrence? (Pb, Zn, Ag & Au) We look forward to taking an advanced new approach to the Wedge deposit at depth and along our identified mineralized Wedge Trend fold. We are particularly interested in the massive western magnetic anomaly. The Wedge deposit and the mineralized fold trend is a very high priority and we cannot wait to apply our process on this deposit area. We aim to continue to develop and offer the highest quality project portfolio to increase shareholder value in Nine Mile Metals.” “The Wedge and adjacent occurrences are all associated with key geological units, the Nepisiguit Falls and Spruce Lake Formations, which host both VMS deposits and VMS mineralization in this portion of the BMC. With mineralization open at depth and along strike, the deposits and the complete land package, will greatly benefit from advanced data acquisition and analysis,” stated Gary Lohman, B.Sc., P. Geo., VP Exploration and Director. “This acquisition by Nine Mile is in the center of the Bathurst Mining Camp with great potential for zinc, lead, silver and copper discoveries. The property is host to four volcanogenic massive sulphide (VMS) occurrences including the former producing Wedge copper deposit. These are high priority targets ready to drill. I look forward to Nine Mile applying their leading edge proprietary UAV 3D – AI Technologies to this very high priority project,” stated Mike Taylor, CEO Slam Exploration. Mineral Property Option Agreement To exercise its option to acquire the mineral property interests, Nine Mile must pay an aggregate of 1,200,000 common shares and $150,000 to SLAM, during a period of up to four years as follows: (a) pay 100,000 common shares and $10,000 on the date of the Agreement; (b) pay 200,000 common shares and $20,000 on the first anniversary of the date of the Agreement; (c) pay 200,000 common shares and $30,000 on the second anniversary of the date of the Agreement; (d) pay 300,000 common shares and $40,000 on the third anniversary of the date of the Agreement; and (e) pay 400,000 common shares and $50,000 on the fourth anniversary of the date of the Agreement; The Company has agreed to keep the claims in good standing during the term of the agreement but has not agreed to any minimum exploration expenditures on the Property. The Company may purchase half of the 2% Net Smelter Royalty at any time for the price of $1,000,000. The agreement was negotiated at arm’s length. All Company shares issued to SLAM will be subject to four-month resale restrictions in accordance with Canadian securities legislation. The transaction does not represent a change of business. There will be no change of directors or officers of the company required by the transaction. The transaction is at arm’s length. No finder’s fees, broker’s fees or other commissions are payable in connection with this transaction. A copy of the Agreement is filed along with the Company’s public disclosure on SEDAR. The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East–West) VMS and the new Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: (604) 428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions
NINE MILE METALS ANNOUNCES ENGAGEMENT OF OAK HILL FINANCIAL INC. FOR INVESTOR RELATIONS
VANCOUVER, B.C. – Friday February 10, 2023, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has entered into an advisory services agreement (the “Consulting Agreement”) with Oak Hill Financial Inc. (“Oak Hill”) to provide business and capital markets advisory services including investor relations. Nine Mile has entered into the Consulting Agreement dated February 8, 2023, at a monthly fee of $10,000 plus applicable taxes, for as long as the agreement is in effect. Oak Hill will provide investor relations services to Nine Mile with a focus on providing turn-key solutions for investor relations, marketing in the investment community, targeting advisor channels of distribution. Patrick J Cruickshank, MBA, CEO and Director, stated, “We are extremely excited to work with Oak Hill to enhance our corporate image and visibility of our Critical Minerals projects in the world famous Bathurst Mining Camp, NB. We aim to create new awareness, within the financial community domestically in Canada and globally. We strive to broaden our shareholder base and increase our exposure, through Oak Hill’s community of investment advisors and institutional fund managers.” “Oak Hill is delighted to partner with Nine Mile to provide greater exposure for its Critical Minerals projects in the Bathurst Mining Camp. With strong investor interest in battery metals and Nine Mile’s results demonstrating the highest grades of copper ever posted in the region, we are optimistic investor response to our outreach efforts will be positive”, stated Jonathan L Robinson, CFA, Partner Oak Hill does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest. Oak Hill may provide additional services in the future. About Oak Hill Financial Oak Hill Financial is a leading Canadian marketing and distribution firm, focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill Financial’s experienced team of former asset management wholesalers, research analysts and capital market professionals specialize in building credibility for their clients to a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) Oak Hill will provide investor relations services to Nine Mile with a focus on providing turn-key solutions for investor relations, marketing in the investment community, targeting advisor channels of distribution, and (b) we are optimistic investor response to Oak Hill’s outreach efforts will be positive. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.