CA Market News
1週前
Nine Mile Metals Commences Trading on the OTCID(TM) Market, Expanding Access for U.S. InvestorsJune 5, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - June 5, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that its common shares have commenced trading on the OTCID™ Basic Market, a regulated U.S. platform operated by OTC Markets Group Inc., effective May 27th, 2026, under the symbol "VMSXF." The Company's common shares continue to trade on the Canadian Securities Exchange under the symbol "NINE" and on the Frankfurt Stock Exchange under the symbol "KQ9."The OTCID Market, launched by OTC Markets Group in 2025, is a regulated platform that certifies a company's ongoing compliance with established reporting standards. Companies on the OTCID Market provide consistent, ongoing financial disclosure, complete an annual management certification, and maintain a verified company profile, ensuring that U.S. investors, brokers, and regulators have access to standardized and accurate trading and reference data. The listing reinforces Nine Mile's commitment to transparency and sound corporate governance while broadening the Company's access to U.S. investors as it advances its exploration programs in the Bathurst Mining Camp.Benefits for U.S. Investors and ShareholdersThe Company believes that trading on the OTCID Market provides a number of advantages for Nine Mile and its shareholders, including:Expanded access for U.S. investors to research and trade Nine Mile shares within a transparent, regulated U.S. market environment;Enhanced transparency through consistent, ongoing financial disclosure and an annual management certification, giving investors timely, accurate information;Real-Time Level 2 quotes and current financial disclosure available to U.S. investors and brokers through the OTC Markets Group website at www.otcmarkets.com;Increased visibility and credibility among U.S. retail and institutional investors through a verified company profile and recognized market data;A broadened and more diversified shareholder base, supporting improved liquidity and a stronger trading experience for shareholders; andA strengthened foundation for the Company's capital markets strategy, positioning Nine Mile for continued growth in U.S. public markets.Jonathan Holmes, President & Director, stated, "We are pleased to advance our capital markets strategy with the commencement of trading on the OTCID Market. This milestone reflects our ongoing commitment to transparency and strong corporate governance. This allows U.S. investors to research and trade Nine Mile shares at a time when we are actively advancing our 10,000m Wedge Drill Program and our portfolio of high-grade copper and Critical Minerals projects in the Bathurst Mining Camp. We believe broader access and enhanced visibility in the U.S. market will support a larger, more diversified shareholder base and greater liquidity for the benefit of all shareholders. We look forward to welcoming new investors as we continue to grow."The Company has engaged Connect 4 Marketing Ltd. ("Connect4") to provide digital marketing services, including search engine marketing, influencer management and third-party newsletters. The term of the agreement with Connect4 is for a 12 month period beginning June 4, 2026, for a total budget of $75,000 USD plus applicable taxes. Connect4 is a Quebec, Canada based company and the principal of Connect4 is Louis Carlos Vargas Rocheleau. To the best of the Company's knowledge, Connect4 does not have any equity interest in the securities of the Company, or a right to acquire such an interest. Connect4 and its principal have an arm's length relationship to the Company.About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public critical mineral exploration company focused on Critical Minerals (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: Wedge VMS Project, 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.About OTC Markets Group Inc.:
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID® Basic Market and Pink Limited™ Market. Its OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. OTC Markets Group's model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN, OTC Link NQB, OTC Overnight® and MOON ATS® are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more, visit www.otcmarkets.com.Social Media
X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @Nine Mile MetalsON BEHALF OF NINE MILE METALS LTD.
Jonathan Holmes,
President & Director
T: +1.506-804-6117
E: jonathan@ninemilemetals.comThis 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's common shares will commence trading on the OTCID Basic Market under the symbol "VMSXF" effective May 27th, 2026, and that the listing will provide the anticipated benefits to the Company and its shareholders, including expanded access for U.S. investors, enhanced transparency and visibility, a broadened shareholder base, and improved liquidity. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300395 Original: Nine Mile Metals Commences Trading on the OTCID(TM) Market, Expanding Access for U.S. Investors
CA Market News
3週前
Nine Mile Metals Announces Drill Rig Mobilization for the Wedge 10,000m Drill Program and Targets New High Grade Copper ZoneMay 19, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 19, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that Orbit Garant will mobilize a YS2000 Skid Mounted Drill Rig for the upcoming Wedge 10,000m drill program next week. The drill rig is being prepped in Moncton, New Brunswick and is anticipated to arrive onsite May 28th. The Drill Program will commence at the Wedge Mine for Phase 3 Drilling, then continue to The TriBag and West Wedge Targets, (Targets #3 and #4 - Figure 1 below). We have the drill rig committed for the entire season through December. Last fall's highly successful drill program concentrated on the southwest extension of the Wedge Mine, successfully uncovering new high-grade Copper-Gold-Silver lenses of the deposit. On the heels of the successful eastern expansion of the deposit, Phase 2 expanded the footprint of the deposit, supporting our geophysical technology, new interpretation, and modelling. This Phase 3 drill program focuses specifically on these newly discovered high-grade zones and will target the western flank of the deposit from the other side of the fault zone where we lost water last year as we entered a high-grade copper zone on drill hole WD-25-2B within Target #2, (Figure 1), the results summarized on (Table 1). We will also target the mine at depth. Apex Geoscience, Mike Dufresne, P.Geo. & Technical Advisor, and team will be onsite June 1st for a complete site visit on all 4 projects, including Nine Mile Brook, a priority for the fall of 2026.FIGURE #1: Western Portfolio VMS Trend Targets (Wedge Trend Drill Program)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/297940_7bcc0a0ff48d4953_002full.jpgTABLE 1: WD-25-02B Overall ALS Global Lab Certified Assay Summary (Weighted Averages)*FromToWidthCuPbZnAuAgCu Eq(m.)(m.)(m.)%%%g/tg/t% Upper Zone56.0062.006.000.801.482.660.4545.503.20 Lower ZoneOverall107.00122.0015.002.360.351.290.217.473.17 including 115.16122.006.844.470.752.580.3414.505.99
* As reported in previous press release April 2, 2026Gary Lohman, VP Exploration, Director stated, "We are looking forward to testing both the western extension and the depth of the deposit with drill holes designed by Mike Dufresne and the geophysical team at Apex Geoscience. With previous mining and exploration limited to the upper portions of the deposit, this series of drill holes will expand the mineralized footprint, as we accomplished in the east, adding to the resource. All drill holes will be capped on completion to facilitate downhole geophysics (BHEM) or revisit to extend the holes, which , along with the cross-section drill results, assists in resource 3D modeling and future exploration planning. We look forward to sharing our first results."Figure 2: Orbit Garant Drilling is ECOLOGO accredited. Recognized for their Mineral Exploration Services Certified for Responsible Environmental and Social Best Practices.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/297940_7bcc0a0ff48d4953_003full.jpgHeadquartered in Val-d'Or, Quebec, Orbit Garant Drilling is one of Canada's largest drilling companies providing both underground and surface drilling services in Canada and internationally. With more than 200+ drill rigs and over 1000 specialized employees, Orbit Garant offers drilling services to major, intermediate and junior mining companies at every stage of mine exploration, development and production.Figure 3: Wedge 2026 Drill Target Area with previous Drill Hole LocationsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/297940_7bcc0a0ff48d4953_004full.jpgPatrick J. Cruickshank, MBA, CEO & Director stated "We are thrilled to receive clearance from the NB Government to get heavy equipment on the BMC roads and mobilize the drill rigs to the Wedge. Our priority will be to test the deposit from the western side targeting the "New" High-Grade Cu - Ag - Au Lens identified in last fall's drill program. As previously stated, we will be able to drill the new lens from the other side of the fault that caused us to lose the water in the drill hole, just as we entered the High-Grade Copper Lens in Hole WD-25-2b. We will also test the depth of the deposit. We are pleased to have Mike Dufresne and entire Technical Team all on site for a complete portfolio site visit and analysis for the basis for an updated 43-101 on the Wedge Project and review of the Nine Mile Brook Project to determine new drill targets at the Lens. We look forward to updates from the drill site."About Nine Mile Metals Ltd.:Nine Mile Metals Ltd. is a Canadian public critical 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: Wedge VMS Project, 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.Social Media X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile MetalsON BEHALF OF NINE MILE METALS LTD.Jonathan Holmes,
President & Director
T: +1.506-804-6117
E: jonathan@ninemilemetals.com 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 be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) 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. 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. ____________________________________________________________________________________The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297940 Original: Nine Mile Metals Announces Drill Rig Mobilization for the Wedge 10,000m Drill Program and Targets New High Grade Copper Zone
CA Market News
4週前
Nine Mile Metals Announces Additions to Management Team and Board of DirectorsMay 15, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 15, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC PINK: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce the appointment of Jonathan Holmes as President and the appointment of Jonathan Held as an Independent Director of the Company, effective immediately. Patrick J. Cruickshank, MBA, CEO and Director stated "We are pleased to welcome our current director Jonathan Holmes to our Executive Management Team here at Nine Mile Metals. Jonathan has displayed strong leadership and helped guide over the past year as a director and supported the Team initiating our corporate branding, marketing and assisting on our capital markets initiatives. Jonathan's transition to this role will be seamless and highly effective. I look forward to working closely with Jonathan as we continue advancing the Company's strategic initiatives. We are also pleased to have Jonathan Held join our Board of Directors. His wealth of experience and knowledge of capital markets including corporate structuring will be a valuable addition as we continue to advance the Company. We have an aggressive exploration program planned for 2026 and have established significant goals for the Company."Jonathan Holmes has served on the Board of Directors of Nine Mile Metals since April 2025, supporting the Company's corporate development, investor relations and capital markets initiatives. Mr. Holmes was also a founder and director of Reem Capital Corp. (TSXV: REEM), a Capital Pool Company that completed its qualifying transaction with Seegnal Inc. (TSXV: SEGN) in 2025. He previously served as co-founder and Managing Director of INN Australia from 2021 to 2025 and spent over 15 years with Dig Media Inc., the parent company of the Investing News Network (INN), where he held senior leadership roles including Director and Partner. Throughout his career, Mr. Holmes has worked with more than 200 publicly listed companies across Canada, Australia and the United Kingdom, specializing in capital markets, corporate development and investor relations. Mr. Holmes is a member of the Institute of Corporate Directors (Canada) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), and was previously a member of the Australian Institute of Company Directors.Jonathan Holmes, President, stated "I'm excited to take on the role of President of Nine Mile Metals at an important stage for the Company. Having served on the Board over the past year, I've had the opportunity to work closely with the team and support a number of the Company's corporate development and capital markets initiatives. I look forward to being on site in late May as we commence our next exploration program in the world-class Bathurst Mining Camp, while working more closely with the management team to help lead the Company into its next chapter."Mr. Held, CPA, CA, is a seasoned financial executive with over fifteen years of experience working with both public and private companies. Mr. Held is a Partner at ALOE Finance, a boutique firm specializing in transaction advisory and senior-level finance solutions.Mr. Held has worked across a number of sectors, including natural resources, technology and biotechnology, both domestically and internationally. His experience includes leading numerous successful public listings through IPOs and RTOs, as well as multiple M&A transactions and financings.Mr. Held has held director and officer roles with numerous public companies, including serving as CFO and a director of Signature Resources for over nine years. He holds a Bachelor of Mathematics and a Master of Accounting from the University of Waterloo.The Company has also granted an aggregate of 14,550,000 incentive stock options to certain directors, officers, committee members and consultants, pursuant to the Company's stock option plan. The options are exercisable at a price of $0.08 per share for a period of 5 years from the date of grant and vest immediately. This represents the first option grant to management or directors since April 2024.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: Wedge VMS Project, 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.Social MediaX: @NineMileMetalsLinkedIn: Nine Mile MetalsFacebook: @ Nine Mile MetalsON BEHALF OF NINE MILE METALS LTD."Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-804-6117
E: info@ninemilemetals.comThis 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 be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) 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. 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., 82 Richmond Street East, Toronto, ON M5C 1P1 www.ninemilemetals.com (506) 804-6117To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297656 Original: Nine Mile Metals Announces Additions to Management Team and Board of Directors
CA Market News
1月前
Nine Mile Metals Announces a Summary of the Fall 2025 Drill Program at the Wedge Mine and Announces a 10,000m Spring Drill ProgramMay 5, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 5, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to provide a summary of the Fall 2025 drill program, the certified results for drill holes WD-25-04 and WD-25-05 and announcing a 10,000m Drill Program update for the Wedge Mine and Tribag - West Wedge Targets, including Target #6 at California Lake East, situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).The Wedge Mine 2025 Fall Drill Program, completed December 19th, consisted of (5) drill holes collared in the southwestern portion of the Wedge Mine successfully intersecting VMS (Cu, Pb, Zn, Au, Ag) mineralization with (2) additional holes drilled to depth from the northwest to facilitate BHEM surveying for a total of 1,654 meters. (Figure 1)Summary of Drill Program Certified Labs Assays displayed in (Table #1). DDH-WD-25-01, DDH-WD-25-02,
DDH-WD-25-02A, DDH-WD-25-04, DDH-WD-25-05.Intersected a "New" Copper Rich VMS Lens at the base of drill hole WD-25-2B within a section of ground and broken core, resulting in terminating the hole in mineralization due to water loss downhole.This high-grade Cu rich Lens confirms the extension of the mineralization to the west and will be drilled in the upcoming Phase 3 Program next month, from a different angle to avoid the adjacent fault structure and hit the deeper part of this Cu rich Lens.In addition to successfully intersecting Cu bearing VMS mineralization in all (5) targeted drill holes, significant Ag and Au mineralization was uncovered, as seen in drill holes WD-25-01, WD-25-02 and WD-25-2B, with the best intersection in WD-25-02, intersecting (22.5 meters.) assaying 61.57 g/t Ag and 1.01 g/t Au, respectively. (Figure 1) is a plan view highlighting the location of key drill holes in the southwest, the (2) BHEM drill holes collared in the northwest and the highlights from the Phase 1 drilling in the east.BHEM surveying is scheduled for the Wedge to identify and expand the targeting of mineralization to both the west and at depth.New Brunswick Team onsite in Bathurst in preparation for our upcoming Drill Program.Mike Dufresne, President Apex Geoscience, and our Technical Team will be on-site end of May for the Launch of our Phase #3 Drill Program , targeting the West Wedge Mine Area and the Newly Identified Copper Rich Lens. Our 10,000m Drill Program will also include the TriBag - West Wedge and California Lake East Target #6.Necessary Permitting has been received, 3D Target Modelling Completed, Drill Targets Identified.Table 1: Assay Summary, Drill Holes WD-25-01, WD-25-02, WD-25-2B, WD-W5-04 and WD-25-05WD-25-01
FromToWidthAgAuCuPbZnCu Eq
(m.)(m.)(m.)g/tg/t%%% %
Overall156.05178.7022.6539.520.960.992.251.61 3.83*
Includes161.05178.7017.6542.501.011.202.622.05 4.33*
160.05173.0513.0050.331.210.393.232.45 4.14*
WD-25-02Overall138.72170.8232.1014.090.351.530.471.81 2.78*
Horizon 1 138.72141.222.5061.571.013.091.024.88 6.95*
Horizon 2150.30165.3215.0211.000.402.140.521.00 3.19*
Includes159.30170.8211.5217.000.433.200.482.48 4.78*
159.30165.326.0212.500.424.630.270.79 5.64*
Horizon 3168.00170.822.8236.650.722.910.967.13 6.49*
WD-25-2BUpper Zone56.0062.006.0045.500.450.801.482.66 3.20*
Lower Zone107.00122.0015.007.470.212.360.351.293.17*
Includes115.16122.006.8414.500.344.470.752.58 5.99*
WD-25-04
Upper Zone158.35165.757.405.600.150.510.020.07 0.81
Lower Zone184.75198.7514.001.500.081.110.060.04 1.25
Includes184.75194.7510.001.700.091.350.080.04 1.51
WD-25-05 Overall155.52164.809.2811.070.121.280.130.18 1.69
Includes155.52161.806.2815.890.161.780.190.24 2.35
Lower Zone187.80192.805.001.200.070.510.040.01 0.62
* As reported in previous press releases.
Copper Equivalent (Cu-Eq) intervals in WD-25-04 and WD-25-05 were calculated based on May 1, 2026, Kitco pricing. Figure 1: Plan View, Phase 1 and Phase 2 Drilling, BHEM CollarsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_002full.jpgDrill Holes WD-25-04 and WD-25-05DDH WD-25-04 was collared on the same pad as WD-25-01 and drilled at an azimuth of 335 degrees and dip of -60 degrees to undercut the mineralization intersected in WD-25-01 (Figure 1).Drilled to a depth of 239 meters, the drill hole intersected 2 zones of copper bearing sulphides (VMS- Cu-Pb-Zn-Ag-Au) between 158.35 and 198.75 meters, the sulphide bands visible clearly visible (Figure 1).Between 161.75 and 183.00 meters, the drill hole intersected a sequence of sheared silicified volcanics (rhyolite) with parallel bands of 5 - 8% sulphides including pyrite and chalcopyrite.Figure 2 shows good correlation with the mineralization intersected in WD-25-01.DDH WD-25-05 was collared on the same pad and drilled at an azimuth of 310 degrees ad a dip of -60 degrees to a depth of 275 meters, intersecting 2 zones of mineralization between 155.52 and 192.80 meters.Massive VMS (Cu-Pb-Zn-Ag-Au) was intersected between 155.52 and 157.80 meters with 40 meters of silicified felsic volcanics as above continuing to 197.80 meters, the hole terminating in a sequence of sediments (Figure 3).Sample sections were of true width.Note: Drill holes WD-25-04 and WD-25-05 both intersected the siliceous volcanics that characterize the mineralized unit in the southwest. Modeling will determine where the mineralization is situated within the larger system.Figure 2: Cross Section, Drill Holes WD-25-01, WD-25-04 and WD-25-05, Geology, Cu and Zn assays.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_003full.jpg Figure 3: Drill Holes WD-25-02B, WD-25-02 and WD-25-05, Geology, Cu and Zn assays.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/295910_5be5b4229483fbbc_004full.jpgGary Lohman, P.Geo, VP Exploration, Director stated, "The Wedge Mine Southwest Phase 2 drill program was highly successful, intersecting copper mineralization in all drill holes and discovered a new High-Grade Copper Zone. It also intersected substantial Au & Ag zones. When drilling a deposit, all holes are important due to the distribution and variation of mineralization within the system. Each drillhole tells a piece of the puzzle and paints the deposit picture. The success of this drill program has enabled our Technical Team to 3D model all Drill holes that intersected in the previous Wedge Eastern Extension new zone, the newly completed Southwest Zones and all the historical Cominco Drill data, into a living 3D model. This helps define the remaining deposit area and forecast the new drill areas to target the new Copper Rich Lens and the entire western extension of the deposit. We have received all necessary drill permits and target definition. The BHEM surveys will be the 1st 2 holes address in this next Drill Program slated for 1st week of June."Patrick J. Cruickshank, MBA, CEO & Director, stated, "We are looking forward to announcing our 10,000-meter drill Wprogram at the Wedge Mine, Tribag and West Wedge, including Target #6 at California Lake East. Due to the late snowfall this past spring, the government has extended the heavy equipment ban on the BMC roads until the last week of May. The permits are in hand, targets defined, and Rigs ordered and committed. This year will be a very busy drill season for us at Nine Mile Metals." Analysis and QAQCAll samples were submitted to and analyzed at ALS Canada Ltd. (ALS), an independent commercial laboratory for both the sample preparation and assaying. ALS is a commercial laboratory independent of Nine Mile Metals Ltd. Samples submitted through ALS are run through standard preparation methods and analysed using Code ME-ICP61A which is a high-grade four acid digestion and ICP+AES analysis. Gold analysis is done by standard fire assay (Au-AA23) using a 30-gram sample. Overlimit assays are done by gravimetric analysis (Au-GRA21). ALS undertakes their own QA/AC protocols including coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Nine Mile's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.Copper Equivalent (Cu-Eq) for hole samples in WD-25-04 and WD-25-05 were calculated based on May 1, 2026, pricing: US$ 5.86/lb Cu, US$ 0.88.00/lb Pb, US$ 1.51/lb Zn, US$ 75.22/oz Ag, and US$ 4,,613.40/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.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., PGO., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.About Nine Mile Metals Ltd.:Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, 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.Social MediaX: @NineMileMetalsLinkedIn: Nine Mile MetalsFacebook: @ Nine Mile MetalsON BEHALF OF NINE MILE METALS LTD."Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-804-6117
E: info@ninemilemetals.com 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 be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) 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. 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., 82 Richmond Street East, Toronto, ON M5C 1P1 www.ninemilemetals.com (506) 804-6117To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295910 Original: Nine Mile Metals Announces a Summary of the Fall 2025 Drill Program at the Wedge Mine and Announces a 10,000m Spring Drill Program
CA Market News
2月前
Nine Mile Metals Announces Closing of Private PlacementApril 22, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 22, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce that it has completed a non-brokered private placement financing for gross proceeds of $1,000,020 through the issuance of 7,143,000 units of the Company (each, a "Unit") at a price of $0.14 per Unit (the "Offering"). Each Unit is comprised of: (i) one (1) common share of the Company (a "Common Share") that qualifies as a "flow-through share"; and (ii) one (1) common share purchase warrant of the Company (a "Warrant"), with each Warrant exercisable into one (1) Common Share at a price of $0.30 for a period of two (2) years, provided that if the daily volume-weighted average trading price of the Common Shares on the CSE equals or exceeds $0.50 for ten (10) consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by providing not less than thirty (30) days' notice to Warrant holders via press release.In connection with the Offering, the Company paid finders fees of $80,001.60 and issued 571,440 finders warrants (the "Finders Warrants"). Each Finders Warrant will be exercisable for one (1) additional Common Share at a price of $0.14 for a period of two (2) years.The Company intends to use the proceeds of the Offering for exploration activities on its critical minerals projects in the Bathurst Mining Camp.The Common Shares, and any Common Shares to be issued on exercise of the Warrants or Finders Warrants, are subject to a hold period under applicable Canadian securities laws expiring four (4) months and one (1) day from the date of issuance. About Nine MileNine 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; 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.comCautionary Statement Regarding Forward-Looking InformationThis news release contains certain "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering, the listing of the Common Shares on the CSE, the use of proceeds of the Offering and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the CSE, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/293627
Original: Nine Mile Metals Announces Closing of Private Placement
CA Market News
2月前
Nine Mile Metals Announces Private Placement of up to $1 MillionApril 15, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 15, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $1,000,020 through the issuance of up to 7,143,000 units of the Company (each, a "Unit") at a price of $0.14 per Unit (the "Offering"). Each Unit is comprised of: (i) one (1) common share of the Company (a "Common Share") that qualifies as a "flow-through share"; and (ii) one (1) common share purchase warrant of the Company (a "Warrant"), with each Warrant exercisable into one (1) Common Share at a price of $0.30 for a period of two (2) years, provided that if the daily volume-weighted average trading price of the Common Shares on the CSE equals or exceeds $0.50 for ten (10) consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by providing not less than thirty (30) days' notice to Warrant holders via press release.The Offering is expected to close on or about April 20, 2026, or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals.The Company may pay finder's fees in connection with the Offering comprised of cash equal to 8% of the gross proceeds of the Offering and finder warrants (the "Finders Warrants") equal to 8% of the number of Units issued under the Offering. Each Finders Warrant will be exercisable for one (1) additional Common Share at a price of $0.14 for a period of two (2) years.The Company intends to use the proceeds of the Offering for exploration activities on its critical minerals projects in the Bathurst Mining Camp.The Common Shares, and any Common Shares to be issued on exercise of the Warrants and Finders Warrants, will be subject to a hold period under applicable Canadian securities laws expiring four (4) months and one (1) day from the date of issuance. About Nine MileNine 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; 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.comCautionary Statement Regarding Forward-Looking InformationThis news release contains certain "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering, the listing of the Common Shares on the CSE, the use of proceeds of the Offering and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "strategy," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the CSE, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.Not for distribution to United States newswire services or for dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/292758
Original: Nine Mile Metals Announces Private Placement of up to $1 Million
CA Market News
2月前
Nine Mile Metals Announces Certified Assays from DDH-WD-25-2B of 3.17% CuEq Over 15.00 Meters (7.47 g/t Ag, 0.21 g/t Au, 2.36 % Cu, 0.35% Pb, 1.29% Zn) Including 5.99% CuEq Over 6.84 Meters (14.50 g/t Ag, 0.34 g/t Au, 4.47% Cu, 0.75% Pb 2.58% Zn)April 2, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 2, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC PINK: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce it has received certified assays for drill hole WD-25-2B at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).DDH WD-25-02B was collared approximately 60 meters northwest of WD-25-01 and drilled at an azimuth of 325 degrees and a dip of -50 degrees to a final depth of 122 meters further increasing the mineralized footprint of the target to the west (Figure 3).DDH WD-25-02B was successful, with massive copper bearing sulphides (VMS - Cu-Pb-Zn-Ag-Au) found in 2 zones, the upper zone associated with the contact breccia at 56.4m depth and a copper rich lower zone at the base of the drill hole. Downhole ground conditions in the fault zone (sand seams, gouge) led to the termination of the drill hole at 122 meters, just as we entered a high-grade copper zone (Figure 1).Elevated Ag and Au found in association with the base metal mineralization, similar to drill hole WD-25-01.The sulphide mineralization in the drill hole occurred in both sediments and volcanics, terminating in massive copper bearing sulphides (VMS - Cu-Pb-Zn-Ag-Au) with visible Chalcopyrite (CuFeS2) as seen in Figure 1.There was mineralization continuous between the zones with assays between the zones returning minor copper in pyritic sulphides.Most Sample sections between 53.0 and 122.0 meters were 3 meters in length, to provide the best overall data for the drill hole. Smaller sample widths were identified and cut where appropriate.Sample sections were of true width.With massive, visible high grade Cu mineralization present at the base of the drill hole, this intersection will be evaluated from a different location in our next phase drill program in May 2026 (due to the fault zone encountered).TABLE 1: WD-25-02B Overall Assay Summary (Weighted Averages)
FromToWidthCuPbZnAuAg
Cu Eq
(m.)(m.)(m.)%%%g/tg/t
%
Upper Zone56.0062.006.000.801.482.660.4545.50
3.20
Lower Zone
Overall107.00122.0015.002.360.351.290.217.47
3.17
including 115.16122.006.844.470.752.580.3414.50
5.99 TABLE 2: Detailed Certified Assays, Upper Zone (56.00 62.00 meters), and Lower Zone (107.00 - 122.00 meters)Sample #FromToWidthAgAuCuPbZnCu EqUpper Zone(m.)(m.)(m.)g/tg/t%%% %
33830756.0059.003.0040.000.440.872.224.193.6733830859.0062.003.0051.000.460.740.751.132.75 Lower Zone
338326107.00110.003.002.000.070.480.010.140.65338327110.00113.003.002.000.130.860.020.231.13338328113.00114.001.001.000.090.450.000.130.62338329114.00115.161.16< 1.000.100.330.040.370.57338330115.16116.000.8418.000.471.270.683.753.32338331116.00119.003.0011.000.276.740.501.827.86338332119.00122.003.0017.000.383.111.023.024.88 FIGURE 1: Sample # 338331 (6.74% Cu) and Sample # 338332 (3.11% Cu),To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/290984_figure1.jpgGary Lohman, P.Geo, VP Exploration, Director stated, "Drilling continues to intersect massive copper bearing mineralization in the western portion of the Wedge as seen above in Figure 1. Prior to new drilling in May 2026, (3) BHEM surveys will be conducted on last fall's previous holes, to assist in vectoring in on recently defined new VMS Zones and associated high-grade copper mineralization, (2) BHEM surveys in the Northwest area and (1) BHEM survey in the high-grade Southwest Area."Patrick J. Cruickshank, MBA, CEO & Director, stated "we are thrilled with the results of this hole. The drill results continue to show impressive high-grade results through different styles and zonation of mineralization. We have seen High Grade Cu, High Grade Cu with Ag, Huge Grade Cu with Au, and a traditional VMS lens model. Had this hole not terminated due to a fault and water loss, we would have truly seen a special high-grade Cu - Ag Lens. Our Spring Phase 3 drill program will be exciting, and we will be able to drill from locations that best expose the value this deposit has to offer. We will drill from the other side of this fault and expose the entire High-Grade Lens and its magnitude. Having multiple zonation's of mineralization is a valuable perspective and brings a host of opportunity for us. We look forward to sharing our next result & launching our Phase 3 program including our West Wedge & Tribag Drill initiative."FIGURE 2: Massive Copper bearing, Pyritic VMSTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/290984_figure2.jpgFIGURE 3: Drill Hole Locations, WD-25-01, WD-25-02BTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/290984_figure3.jpg TABLE 3: Summary of Results, Drill Holes WD-25-01, WD-25-02 and WD-25-02B HOLE #
FromToWidthAgAuCuPbZnCu Eq
(m.)(m.)(m.)g/tg/t%%% %
WD-25-01*
Overall
156.05178.7022.6539.520.960.992.251.613.75
Includes
161.05178.7017.6542.501.011.202.622.054.26
160.05173.0513.0050.331.210.393.232.454.06
WD-25-02*OVERALL138.72170.8232.1014.090.351.530.471.812.80
Zone 1138.72141.222.5061.571.013.091.024.887.03
Zone 2150.30165.3215.0211.000.402.140.521.003.21
159.30170.8211.5217.000.433.200.482.484.81
159.30165.326.0217.000.424.630.270.795.75
Zone 3168.00170.822.8236.650.722.910.967.136.58
WD-25-02B
Zone 156.0062.006.0045.500.450.801.482.663.20
Zone 2107.00122.0015.007.470.212.360.351.293.17
including 115.16122.006.8414.500.344.470.752.585.99 * WD-25-01 released on March 12, 2026, WD-25-02 released on February 17, 2026Analysis and QAQCAll samples were submitted to and analyzed at ALS Canada Ltd. (ALS), an independent commercial laboratory for both the sample preparation and assaying. ALS is a commercial laboratory independent of Nine Mile Metals Ltd. Samples submitted through ALS are run through standard preparation methods and analysed using Code ME-ICP61A which is a high-grade four acid digestion and ICP+AES analysis. Gold analysis is done by standard fire assay (Au-AA23) using a 30-gram sample. Overlimit assays are done by gravimetric analysis (Au-GRA21). ALS undertakes their own QA/AC protocols including coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Nine Mile's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.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.Copper Equivalent (Cu-Eq) for the drill hole samples is calculated based on April 1, 2026, pricing: US$ 5.57/lb Cu, US$ 0.86.20/lb Pb, US$ 1.48/lb Zn, US$ 75.85/oz Ag, and US$ 4,790.00/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.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., PGO., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.About Nine Mile Metals Ltd.:Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, 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.Social MediaX: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile MetalsON BEHALF OF NINE MILE METALS LTD."Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com 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 be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) 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. 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.The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1
www.ninemilemetals.com (506) 804-6117 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290984
Original: Nine Mile Metals Announces Certified Assays from DDH-WD-25-2B of 3.17% CuEq Over 15.00 Meters (7.47 g/t Ag, 0.21 g/t Au, 2.36 % Cu, 0.35% Pb, 1.29% Zn) Including 5.99% CuEq Over 6.84 Meters (14.50 g/t Ag, 0.34 g/t Au, 4.47% Cu, 0.75% Pb 2.58% Zn)
CA Market News
3月前
Nine Mile Metals Announces Certified Assays from DDH-WD-25-01 of 3.83% CuEq Over 22.65 Meters (39.52 g/t Ag, 0.96 g/t Au, 0.99% Cu, 2.25% Pb, 1.61% Zn) and 4.33% CuEq Over 17.65 Meters (42.5 g/t Ag, 1.01 g/t Au, 1.2% Cu, 2.62% Pb, 2.05% Zn) Including 1.21March 12, 2026 12:16 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 12, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-25-01 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).WD-25-01 HIGHLIGHTS:DDH WD-25-01 was collared in the southern portion of the Wedge and drilled at an azimuth of 335 degrees and a dip of -50 degrees to a depth of 293 meters.Collared in the hanging wall sediments, the drill hole intersected 22.65 meters (true width) of fine-grained pyrite VMS (Cu, Pb, Zn, Au, Ag) confirming the presence of high-grade copper at depth and significant Au and Ag mineralization of 0.96 Au g/t & Ag 39.52 g/t over 22.65m, including 1.01 Au g/t & 42.50 Ag g/t over 17.65m, including 13.00m assaying 1.21 g/t Au and 50.33 g/t Ag between 160.05 and 173.05 meters.In the drill hole, the precious metal enrichment returned peak assays of 1.72 g/t Au and 148 g/t Ag, respectively.The intersection is further characterized by a concentration of epithermal elements including As, Sb, and Sn.Pb / Zn mineralization is also present with sample intervals up to 13.90% Pb and 19.30% Zn (Table 2 below).The multi-element nature of mineralization is reflected in the CuEq calculations with individual sections at 9.29% CuEq and 7.47% CuEq (Table 2 below).At the base of the VMS intersection, the copper mineralization is dominant, a 5.65-meter section between 173.05 and 178.70 is highlighted.Elevated Cobalt (up to 424 ppm Co) and Bismuth (up to 695 ppm Bi) are found associated with the higher copper values at the base of the VMS mineralization. The results from this drill hole are unique, with the zonation of precious metals and epithermal elements separate from the more extensive Cu mineralization at the lower contact.This drill hole demonstrates the variation in mineralization that is common in VMS systems, even at deposit scale, further confirming the dynamic nature of Wedge deposit.The style and extent of Au-Ag mineralization is not present in adjacent drill intersections, making this a separate, unique lens.The cross sections in Figures 1 and 2 highlight the Au, Ag and Cu mineralization.TABLE 1: Assay Summary (Weighted Averages)
FromToWidthAgAuCuPbZnCu Eq
(m.)(m.)(m.)g/tg/t%%% %
Overall
156.05178.7022.6539.520.960.992.251.613.83
Includes
161.05178.7017.6542.501.011.202.622.054.33
160.05173.0513.0050.331.210.393.232.454.14 FIGURE 1: Cross Section, Drill Hole WD-25-01. Geology, Au, and Ag Assays.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288279_83ed330254ee1994_002full.jpgFIGURE 2: Cross Section, Drill Hole WD-25-01 Highlighting Geology, Cu and Au AssaysTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288279_83ed330254ee1994_003full.jpgTABLE 2: Certified Assays, (156.05 - 178.70 meters)Sample FromToWidthAgAuCuPbZnCu Eq#(m.)(m.)(m.)g/tg/t%%% %
338213156.05157.051.0021.300.640.170.780.071.59338214157.05158.051.0024.100.820.390.690.052.09338215158.05159.051.0035.800.860.281.190.062.36338216159.05160.051.0038.000.810.331.340.072.41338217160.05161.051.0025.900.910.200.700.062.06338218161.05162.051.00148.001.120.495.370.696.08338219162.05163.051.0071.101.320.313.370.534.18338220163.05164.051.0063.201.100.302.770.723.68338221164.05165.051.0058.601.720.522.310.144.39338222165.05166.051.00116.000.380.2513.908.627.47338223166.05167.051.0055.601.050.2810.4019.309.29338224167.05168.051.0035.301.420.291.501.223.43338225168.05169.051.0017.401.520.300.420.072.73338226169.05170.051.0019.701.640.420.500.453.17338227170.05171.051.0015.401.440.490.380.072.77338228171.05172.051.0014.401.140.760.190.032.59338229172.05173.051.0013.701.040.500.190.032.18338230173.05174.051.0011.900.890.710.330.022.18338231174.05175.051.0018.600.821.730.750.063.32338232175.05176.051.0026.900.733.331.420.955.31338233176.05177.051.0050.300.263.522.120.575.39338234177.05177.600.5510.600.204.050.122.085.08338235177.60178.701.107.400.124.340.251.445.06 VMS mineralization occurs between 156.05 and 178.70 meters. Locally visible Chalcopyrite, Sphalerite and Galena occur as seen in the figures 3, 4 and 5 below."This drill hole was intriguing, not only confirming the presence of high-grade copper at depth but also containing a significant precious metal component previously not recognized or reported at the Wedge. In our 2024 drilling on the eastern extension, both Au and Ag are present in the assays however the widths were much smaller and associated with copper, lead and zinc rich intervals. This further demonstrates the robust nature of the mineralization at the Wedge" commented Gary Lohman, P.Geo., VP Exploration & Director.Patrick J. Cruickshank, MBA, CEO & Director, stated "Tremendous result on Hole WD-25-1 at the Wedge Mine. This clearly demonstrates the high-grade nature and the diverse composition at the Wedge Deposit. This is a completely different VMS Style Lens again. This is a diverse and unique deposit that continues to show its economic and high-grade potential. This is a high-grade Gold - Silver Burst not a Copper only style like Lens #3 we discovered. We look forward to our 2026 Drill Program at this deposit and unlock more high-grade surprises at depth and along the western corridor." FIGURE 3: Chalcopyrite Mineralization, Sample 338235 (4.34% Cu)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288279_83ed330254ee1994_004full.jpg FIGURE 4: Banded Red-Brown Sphalerite, Sample 338223 (19.3% Zn)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288279_83ed330254ee1994_005full.jpgFIGURE 5: Banded and massive Galena, Sample 338223 (10.4% Pb)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288279_83ed330254ee1994_006full.jpgAnalysis and QAQCAll samples were submitted to and analyzed at Activation Laboratories Ltd. (ActLabs) Ancaster Ontario, an independent commercial laboratory for both the sample preparation and assaying. Actlabs is a commercial laboratory independent of Nine Mile Metals Ltd. Samples submitted through Actlabs are run through standard preparation methods and analysed using Code 8 Peroxide ICP-OES+MS which is a high-grade four acid digestion and ICP+MS analysis. Gold analysis is done by standard fire assay (1A2) using a 30-gram sample. Overlimit assays are done by gravimetric analysis (1A3). Actlabs undertakes their own QA/AC protocols including coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Nine Mile's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.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., PGeo., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.Copper Equivalent (Cu-Eq) for the drill hole samples is calculated based on March 6, 2026, pricing: US$ 5.78/lb Cu, US$ 0.86/lb Pb, US$ 1.47/lb Zn, US$ 84.34/oz Ag, and US$ 5172.00/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.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 renowned Bathurst Mining Camp (BMC), located in 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, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on 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) we will announce complete Certified assay results once received from ALS, (b) this system once again has high combined (Pb-Zn) XRF assay results and is expected to continue throughout this area, (c) we expect the Ag & Au values from the Certified Assay results currently being processed at ALS Global Canada Laboratories to deliver high Silver & Gold values, (d) both drill holes demonstrate that the mineralized zone is open in both directions along strike and depth, and (e) the team is looking forward to modeling the geology and assays prior to initiating the 2023 program. . 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.___________________________________________________________________________________________________
The Canadian Venture Building, 82 Richmond St E., Toronto, Ontario Canada M5C 1P1To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288279
Original: Nine Mile Metals Announces Certified Assays from DDH-WD-25-01 of 3.83% CuEq Over 22.65 Meters (39.52 g/t Ag, 0.96 g/t Au, 0.99% Cu, 2.25% Pb, 1.61% Zn) and 4.33% CuEq Over 17.65 Meters (42.5 g/t Ag, 1.01 g/t Au, 1.2% Cu, 2.62% Pb, 2.05% Zn) Including 1.21
CA Market News
3月前
Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary PaymentsMarch 11, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 11, 2026) - NINE MILE METALS Ltd. - (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its third anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, (the "Option Agreement") with Slam Exploration Ltd. ("Slam").The company has approved and paid the required Cash Payment of $40,000 and authorized and issued the allotment of 300,000 common shares as part of the Option Agreement. The Option Agreement has one remaining payment anniversary on February 2027 requiring a Cash Payment of $50,000 and issuing 400,000 common shares and then Nine Mile will have completed the 100% Purchase of the Wedge Project from Slam. The common shares are subject to a hold period under applicable Canadian Securities laws expiring four months and one day from the issuance of the shares. The Wedge VMS Project consists of 35.83 km2 and hosts the Wedge Mine, West Wedge, Tribag Targets within the 8km Wedge VMS Exploration Trend. (See Figure #1 Below) Figure 1: Priority Targets with Late Time Conductive Axis' along the Wedge VMS TrendTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288134_55583d46a46edbf8_002full.jpgNine Mile just completed its Fall 2025 Wedge Mine Phase 2 Drill Program and is releasing Certified Drill Results as received. The goal at the Wedge Mine is to demonstrate and prove the Mine has an economic future and the deposit is much larger and higher grade than previously determined. Nine Mile is well on the way to that goal.Gary Lohman, P.Geo, VP Exploration & Director, stated, "This completes a crucial stage in the completing of the Purchase Agreement with Slam Exploration. Our advancement of the entire project including the Wedge Mine, West Wedge & Tribag High Priority VMS Targets is an example of our technical and financial commitment to this Priority Project for Nine Mile Metals and our shareholders. Assay results reported to date further demonstrate the hidden quality of the Wedge and we look forward to expanding on our recent success at the Wedge and the inaugural Drill Program along trend at the West Wedge and Tribag."Figure 2: Upcoming 2026 Drill Program Targets at West Wedge and Tribag ZonesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/288134_55583d46a46edbf8_003full.jpgPatrick J Cruickshank, MBA, CEO & Director, stated, "The Wedge Mine and clustering targets on Trend, have quickly become, and rightly so, a priority project for us at Nine Mile. The continued success in our Wedge Mine Drill Programs clearly displays the high-grade copper ore remaining in the deposit. In 2024, drilling extended the deposit to the east and our recent drilling shows the deposit has high grade copper mineralization at depth and to the southwest. We are defining the next phase of drilling at the Wedge and the west extension. Once we complete the BHEM surveys and Mike Defrusne, President at Apex Geoscience, leading our Technical Team, integrates these new holes into our live 3D model, we will announce our Phase 3 Drill Program at the Wedge Mine, unlocking the value and test the overall size and scale of this high-grade deposit. We are excited to also launch our 2026 Drill Program at the West Wedge & Tribag sites and test those prospective VMS zones. 2026 will be a very busy exploration year."Nine Mile Metals also announces that it has entered into an agreement (the "Agreement") with Generation IACP Inc. ("Generation") to provide market making and issuer services in accordance with Canadian Securities Exchange (CSE) policies. Under the terms of the Agreement, Generation will trade shares of the Company on the CSE and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of Nine Mile's common shares. Generation IACP will also provide analytical data services on the stock trading patterns, CDS activity mapping security transfers and all aspects of issuer trading reporting, including shorts monitoring, institutional, retail, anonymous trades and market sentiment analysis.The Agreement is for an initial term of six months and shall be automatically renewed for successive six-month periods unless terminated by either party with 30 days prior written notice. Pursuant to the Agreement, Generation will receive a monthly fee of $8,500 Cdn, plus applicable taxes during the initial term. Thereafter, the monthly fee will automatically increase annually by 3% on each anniversary of the Agreement. No stock options or other compensation are being granted in connection with the engagement.Generation is arm's length to the Company and does not own any securities of Nine Mile as of the date of this release; however, Generation and its clients may acquire an interest in the securities of the Company in the future.Generation's market making and issuer service activities will be primarily intended to correct temporary imbalances in the supply and demand of the Company's shares. Generation will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities."We have seen extremely strong trading volume and interest in Nine Mile Metal's story from strategic, institutional, and retail investors. We traded over 90M shares through December and January 2026 and continue to have strong daily trading. We would like to monitor the trading behaviors, patterns and understand our trading base across all platforms. The relationship with Generation IACP complements our capital markets strategy and supports our focus on accessibility, transparency, and long-term shareholder alignment," commented Jonathan Holmes, Director.About Generation IACP Inc.Generation IACP is based in Toronto, Ontario, and is an independently held and registered broker and member of the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange, and the NEO Exchange.The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., P.Geo., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.About Nine Mile Metals Ltd.:Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in 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, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on 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) we will announce complete Certified assay results once received from ALS and Glencore. 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. ___________________________________________________________________________________________________
The Canadian Venture Building, 82 Richmond St E., Toronto, Ontario Canada M5C 1P1To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288134
Original: Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary Payments
CA Market News
3月前
VIDEO - BTV Visits Atlas Salt, Graphene Manufacturing, Telescope Innovations, Nevada Organic Phosphate, Maple Gold, Intrepid Metals and Nine Mile MetalsMarch 4, 2026 6:00 AM
NewsfileWatch on BNN Bloomberg national
Wednesday, March 4 at 7:30 PM EST & Saturday, March 7 at 8 PM EST Tune into BTV and Discover Investment Opportunities. Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - As the resource cycle accelerates, BTV – Business Television highlights companies turning exploration, innovation and strategic growth into actionable opportunity.Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) is moving toward construction of a battery and electric salt mine in Newfoundland with more than one billion tonnes of defined resource. The project targets low-cost de-icing supply for Ontario and the U.S. Northeast, markets currently facing seasonal shortages.Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) BTV chats with Graphene Manufacturing Group about turning graphene's long-promised potential into real-world commercial applications — from energy-saving coatings and advanced cooling solutions to ultra-fast charging battery technology.Telescope Innovations (CSE: TELI) (OTCQB: TELIF) is commercializing a Physical AI platform that automates lab experimentation, exponentially boosting productivity. Early sales in Asia and the U.S. mark initial traction as the company targets pharmaceutical and battery materials markets.Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) controls a rapidly expanding, naturally clean phosphate system in Nevada that can be applied directly to farmland without chemical processing. Targeting the fast-growing organic agriculture sector, the project offers scalable domestic supply potential and future strategic value.Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) BTV explores this company positioned as a leading developer with a 3-million-ounce resource, Agnico partnership, and a historic mine complex in Quebec. The 2026 program will test resource growth and the potential for a modern restart.Intrepid Metals Corp. (TSXV: INTR) is drilling shallow copper targets in Arizona with potential links to a larger system. The program is supported by mining major, Teck Resources with further exploration planned this year, including work on a second project.Nine Mile Metals (CSE: NINE) (OTC Pink: VMSXF) With modern drone geophysics unlocking what older methods missed, Nine Mile is targeting hidden polymetallic systems in Bathurst. BTV examines how active drilling could expand and upgrade its resource base.About BTV – Business Television / BTV The Agency:For 28 years, BTV – Business Television has been on the air as the go-to half-hour investment show for savvy investors, delivering exclusive on-location interviews and actionable insights with emerging companies, industry leaders, and market experts. Hosted by Taylor Thoen and Jessica Katrichak, BTV provides investors with direct access to executive teams and compelling investment opportunities not found anywhere else.Discover Investment Opportunities.BTV SHOW BROADCAST NETWORKS and TIMES: CANADA:
Airing on BNN Bloomberg!Wednesday, March 4 @ 7:30pm ETSaturday, March 7 @ 8:00pm ET US National TV:
Biz Television Network –Sun, March 8 @ 1:00pm ETMon, March 9 @ 8:30am ETTues, March 10 @ 8:30pm & 11:30PM ESTBTV The Agency is a capital markets–focused B2B TV production and digital marketing agency serving publicly traded and financial companies. Through strategic content creation and extensive distribution across top-tier networks including Bloomberg, CNBC, FOX Business News, and leading financial platforms, the agency helps companies reach investors, advisors, and institutions—building brand credibility and driving national retail and institutional investor awareness.Take action now: Suggest a standout company to feature on BTV and put your pick in front of thousands of investors eager for the next big opportunity! Contact us directly at (604) 664-7401 or info@b-tv.com. Don't miss a beat—stay informed and ahead of the market by subscribing to BTV news today.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286189
Original: VIDEO - BTV Visits Atlas Salt, Graphene Manufacturing, Telescope Innovations, Nevada Organic Phosphate, Maple Gold, Intrepid Metals and Nine Mile Metals
CA Market News
3月前
Nine Mile Metals Announces Phase 1 Bulk Sample Update at Nine Mile Brook High Grade Lens of 13.71% CuEq over 15.10mMarch 2, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 2, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce that it is conducting Bulk Sample Metallurgical Analysis on the Nine Mile Brook VMS High Grade Lens with SGS Canada and Glencore Canada. Glencore and SGS will be conducting their own collaborated scope of work, including sample preparation, assaying, mineralogical studies, and metallurgical testing. SGS will provide (2) specific samples to Glencore, who will be conducting their own metallurgical - mineralogical analysis for their Horne Smelter in Rouyn-Noranda, Quebec. HIGHLIGHTS:(2) Nine Mile Brook Lens representative samples will be collected, one from the high-grade Cu portion, a second from the Pb-Zn-Ag end of the Lens, weighing up to 1 Tonne each. The samples will be placed in large totes, shrink wrapped and shipped to SGS in Lakefield, Ontario for crushing, grinding, Assay, Mineralogical and Metallurgical Analysis.In addition, DDH NM220004 Drill Core representing the entire 15.10m intersection of High-Grade Cu will be shipped to SGS Canada for 1st phase grinding & preparation and forwarded to Glencore for their proprietary IsaMILLTM Technology and metallurgical analysis. SGS will crush the Cu Rich Sample according to Glencore's parameters. Glencore's IsaMILLTM technology is the world's only horizontal high speed stirred media mill designed for energy efficient ultrafine grinding in mining of base metals in a reliable compact scalable footprint.Nine Mile Metals will also deliver Drill Core representative of the entire Cu intersection to SGS to Crush to the same specifications requested by Glencore and deliver the sample accordingly. Glencore will have both a large sample and an entire drill intersect sample for IsaMILLTM process & Metallurgical Analysis.SGS will do a mineralogical scan, Bond Test to determine hardness, and conduct head grade analysis for Cu, Pb, Zn, Fe, S, Au, Ag, and Indium. Metallurgical testing will follow including gravity tests to assess copper recovery.SGS will also conduct (6) floatation tests to assess metallurgical response.Previous investigative work by RPC Science and Engineering (RPC) on potential Cu-Pb-Zn recovery of the lens material identified anomalous Indium in the deposit, a critical mineral used in semiconductors, electronics, and aerospace industries. SGS is the World's Leading Testing, Inspecting and Certification company, operating in 115 countries operating over 2500 Laboratories. A Swiss company of excellence helping organizations achieve the highest level of quality, compliance, and sustainability.The required Notice of Planned Work has been submitted for the Project.TABLE 1: Assay Summary, DDH-NM220004, Nine Mile Brook2022 DDH-NM220004 Certified Assays Cu% Zn% Pb%Ag (g/t)Ag (oz)Au (g/t)Cu Eq % From (m) To (m.) Width (m.) TOTAL0.00m15.10m15.10m
10.121.00 1.4191.472.940.8413.71 TABLE 2: Certified Assays, Nine Mile Brook Drill Program 2022 - Previously Released (7-8-2022)DDH HOLE - NM220004 (CERTIFIED LAB RESULTS)
(15.10 Continuous Meters - Sampled)
Sample #FromToWidthCu %Zn %Pb %Ag g/tAg (oz)Au g/tCu Eq %
6835290.001.201.20 m0.942.220.8312.000.390.242.186835301.201.500.30 m7.4017.708.56188.006.052.0619.886835311.502.501.00 m12.801.193.60177.005.690.89618.766835322.503.501.00 m18.550.260.3664.002.060.55220.816835333.504.501.00 m11.800.300.5978.002.511.6415.816835344.505.501.00 m16.850.570.98125.004.021.1321.46835355.506.501.00 m12.651.197.89212.006.820.84219.946835366.507.561.06 m16.100.700.60153.004.921.76522.066835377.568.561.00 m4.330.160.0710.000.320.1524.86835388.569.561.00 m3.680.080.066.000.190.1584.056835399.5610.000.44 m0.470.130.022.000.060.3761.0368354010.0010.680.68 m3.930.070.0719.000.610.5235.1683541
Standard
68354210.6811.681.00 m15.452.032.45173.005.561.05521.5568354311.6812.681.00 m12.400.260.3791.002.930.90215.7268354412.6813.681.00 m11.900.070.48126.004.051.3916.6168354513.6814.100.42 m14.800.090.42139.004.471.46519.9068354614.1015.101.00 m2.830.080.0614.000.450.1183.33
TOTAL0.0015.1015.10 m10.121.001.4191.472.940.8413.71Including
Zone 1 VMS1.207.56 m6.36 m14.461.502.61137.514.421.1919.83Zone 2 Seds7.56 m10.68 m3.12 m3.490.110.069.550.300.274.09Zone 3 VMS 10.68 m 4.10 m3.42 m13.440.701.02131.114.221.1613.44 Gary Lohman, P.Geo., VP Exploration & Director stated "This is a critical phase for our Bulk Sample Program at Nine Mile Brook. This is an extremely High-Grade Lens (13.71% CuEq over 15.10m) and we will test the direct to Smelter Option through Glencore's Analysis & Metallurgical testing. This is a key milestone for us and look forward to announcing the results and our path forward to completion." FIGURE 1: Geology and Certified Assays, Cross-Section Drill Holes NM220003 and NM0004, Nine MileTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/285887_270acadc649dd80b_002full.jpgPatrick J. Cruickshank, MBA, CEO & Director, stated " We are extremely excited to enter Phase #1 of our Nine Mile Brook High Grade VMS Lens up to 22.06% CuEq intersections. This is the culmination of over 1 year of discussion, analysis, and design creating a path forward for our High-Grade Lens Bulk Sample Project. We would like to thank our Technical Team, SGS Canada, in Lakefield Ontario, and the Glencore Technology Group in Australia & New York. Endless months of defining this stage and now we are moving forward to execute on it. We look forward to reporting on Phase #1 results and initiating Phase #2."Figure 2: DDH - NM2200004 Core Samples #683531 (18.76% CuEq) and #683532 (20.81% CuEq)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/285887_nmmfig203022026.jpgAnalysis and QAQCAll samples were submitted to and analyzed at ALS Global, an independent commercial laboratory for both the sample preparation and assaying. ALS is a commercial laboratory independent of Nine Mile Metals Ltd. Samples submitted through ALS are run through standard preparation methods and analysed using MEICP61a which is a high-grade four acid digestion and ICP - AES analysis. Gold analysis is done by standard fire assay (Au-AA23) using a 30-gram sample. Overlimit assays are done by gravimetric analysis. As required, overlimit analysis for base metals and silver utilizes ALS method ME-OG62, a four-acid digestion. ALS undertakes their own QA/AC protocols including coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Nine Miles QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.Copper Equivalent (Cu-Eq) for the drill hole samples is calculated based on February 27, 2026, pricing: US$ 6.04/lb Cu, US$ 0.87/lb Pb, US$ 1.49/lb Zn, US$ 93.66/oz Ag, and US$ 5278.20/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., P.Geo., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.About Nine Mile Metals Ltd.:Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in 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, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on 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) we will announce complete Certified assay results once received from ALS and Glencore. 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. The Canadian Venture Building, 82 Richmond St E., Toronto, Ontario Canada M5C 1P1To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285887
Original: Nine Mile Metals Announces Phase 1 Bulk Sample Update at Nine Mile Brook High Grade Lens of 13.71% CuEq over 15.10m
delerious1
4月前
Nine Mile Metals Announces Certified Assays from DDH-WD-25-02 of 2.78% CUEQ over 32.10 METERS, Including 4.78% CUEQ over 11.52 Meters and 5.64% CUEQ over 6.02 Meters
February 17 2026 - 8:15AM
Toronto, Ontario--(Newsfile Corp. - February 17, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-25-02 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).
WD-25-02 HIGHLIGHTS:
DDH WD-25-02 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -50 degrees to a depth of 203 meters to expand on the mineralization intersected in drill hole WD-25-01.
Collared in the hanging wall sediments, the drill hole intersected 32.10 meters of Cu bearing mineralization within a sediment / volcanic package that includes 3 distinct VMS (Cu, Pb, Zn, Ag, Au) horizons between 138.72 and 170.82 m., (Table 1).
In addition to copper bearing sulphides, the 3 Horizons are further characterized by elevated Ag and Au, with assays up to 70 g/t Ag and 1.19 g/t Au respectively.
Horizon 1 mineralization consists of Cu bearing pyritic VMS and has a true width of 2.5 meters (138.72 - 141.22 m.) occurring at a brecciated contact between sheared graphitic argillite and massive VMS, assaying 3.09% Cu, 1.02% Pb, 4.88% Zn, 61.57 g/t Ag, and 1.01 g/t Au.
Horizon 2 is defined by a sequence of weakly mineralized (Py, Cpy) and massive copper bearing sulphides (VMS- Cu, Pb, Zn, Ag, Au) between 150.30 and 165.32 m., a true width of 15.02 meters, assaying 2.14% Cu, 0.52% Pb, 1.00 % Zn, 11 g/t Ag, and 0.40 g/t Au.
Included in Horizon 2 is 6.02 meter (true width) of massive VMS mineralization between 159.30 - 165.32 m. assaying 4.63% Cu, 0.27% Pb, 0.79% Zn, 12.50 g/t Ag, and 0.42 g/t Au. Within this interval, sample 338291 was the highest Cu assay in the drill hole, returning 6.52% over 1 meter between 161.30 - 162.30 meters (Figure 5), further confirming the presence of exceptional grade potential at the Wedge.
Horizon 3 is a 2.82-meter intercept (true width) of massive VMS (Cu, Pb, Zn, Ag, Au) assaying 2.91% Cu, 0.96% Pb, 7.13% Zn, 36.65 g/t Ag, and 0.72 g/t Au.
TABLE 1: Assay Summary (Weighted Averages)
From (m) To (m) Width (m) Cu % Pb (%) Zn (%) Ag (g/t) Au (g/t) Cu Eq
Overall Mineralization 138.72 170.82 32.10 1.53 0.47 1.81 14.09 0.35 2.78
Horizon 1 138.72 141.22 2.50 3.09 1.02 4.88 61.57 1.01 6.95
Horizon 2 150.30 165.32 15.02 2.14 0.52 1.00 11.00 0.40 3.19
Includes
159.30 170.82 11.52 3.20 0.48 2.48 17.00 0.43 4.78
159.30 165.32 6.02 4.63 0.27 0.79 12.50 0.42 5.64
Horizon 3 168.00 170.82 2.82 2.91 0.96 7.13 36.65 0.72 6.49
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FIGURE 1: Cross Section, Drill Hole WD-25-02. Geology and Mineralization
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FIGURE 2: Cross Section, Drill Hole WD-25-02 Highlighting Cu, Zn Assay Results and Geology. (Zoomed)
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Mike Dufresne, Technical Team & President of Apex Geoscience, stated, "Well it is quite thrilling to see the increase in Cu grades to the West in the VMS and mostly coincident with increase gold and roughly approximating the Conductive Plate Modelling. The Copper and Gold is well associated."
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FIGURE 3: DDH-WD-25-02 VMS Mineralization (153.80 - 172.45 m.)
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Horizon 1:
Horizon 1 mineralization occurs at a graphitic argillite, massive pyritic VMS contact. The mineralization is fine grained with some visible chalcopyrite and minor galena (Pb) and sphalerite (Zn). The sheared graphitic contact is a marker horizon with the same style of VMS mineralization also occurring in drill holes WD-25-01, WD-25-2B, WD-W5-04 and WD-25-05.
TABLE 2: Horizon 1 Certified Assays, (138.72 - 141.22 meters)
Sample From To Width Ag Au Cu Pb Zn Cu Eq
# (m.) (m.) (m.) g/t g/t % % % %
338267 138.72 139.18 0.46 22 0.52 0.769 0.414 2.10 2.45
338268 139.18 140.18 1.00 71 1.06 4.22 1.150 3.58 8.01
338269 140.18 141.22 1.04 70 1.19 3.02 1.175 7.36 7.94
"We are quite pleased by the results from WD-25-02. Not only do the assays confirm the presence of copper at depth, but the multi-element nature of the VMS mineralization is best reflected in the copper equivalent calculations where the presence of Ag, Au and Zn significantly changes the rock value. We will report on the assays from drill hole WD-25-01 as soon as the lab completes analysis of elements that were over limit. With the assays arriving and compilation - modeling underway, permitting of additional drill holes in the west will allow us to expand on the success of this program. Down hole geophysics (BHEM) is planned for the 2 holes collared in the northwest and select drill holes in the south to target additional mineralization along strike and at depth as these deposits typically have multiple, mineralized lenses that can pinch and swell," commented Gary Lohman, P.Geo., VP Exploration & Director.
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FIGURE 4: Chalcopyrite and Covellite, (140.45m.) - Horizon 1
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Horizon 2:
The first appearance of copper mineralization in Zone 2 occurs at 150.30 - 154.40 meters with local chalcopyrite noted within a sedimentary sequence. A contact zone followed by a small void between 155.00 - 158.00 meters where VMS mineralization is present on both the upper and lower sides, the latter consisting of 95% sulphides. Visible semi massive to massive chalcopyrite is seen throughout the sequence (Figure 5 below).
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FIGURE 5: Semi Massive Chalcopyrite, Sample 338291 (6.52% Cu) - Horizon 2
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TABLE 3: Horizon 2 Certified Assays, (150.30 - 165.32 meters)
Sample From To Width Ag Au Cu Pb Zn Cu Eq
# (m.) (m.) (m.) g/t g/t % % % %
338280 150.30 150.90 0.60 7 0.227 0.250 0.318 0.607 0.88
338281 150.90 151.90 1.00 11 0.423 0.292 0.776 1.22 1.46
338282 151.90 152.90 1.00 16 0.532 0.440 0.633 1.15 1.80
338283 152.90 153.90 1.00 3 0.058 0.047 0.175 0.504 0.05
338284 153.90 154.40 0.50 4 0.064 0.020 0.538 0.436 0.37
338285 154.40 155.00 0.60 27 0.600 0.523 2.730 3.83 3.18
338286 155.00 158.00 3.00 10 0.558 0.823 0.674 0.98 2.11
338287 158.00 158.30 0.30 7 0.416 0.911 0.152 0.343 1.68
338288 158.30 159.30 1.00 5 0.107 0.200 0.366 1.37 0.84
338289 159.30 160.30 1.00 16 0.340 4.50 0.642 0.50 5.46
338290 160.30 161.30 1.00 9 0.363 5.92 0.074 0.294 6.63
338291 161.30 162.30 1.00 16 0.453 6.52 0.254 1.025 7.69
338292 162.30 163.30 1.00 16 0.394 4.42 0.456 0.579 5.44
338293 163.30 164.30 1.00 8 0.446 3.22 0.085 0.242 4.01
338294 164.30 165.32 1.02 10 0.523 3.25 0.135 2.10 4.65
Horizon 3:
Immediately below Zone 2, a third, massive pyritic VMS lens was intersected consisting of 95% sulphides including visible pyrite, chalcopyrite, sphalerite and galena. The multi-element nature of the mineralization is reflected in the assays in Table 4.
TABLE 4: Horizon 3 Certified Assays, (168.00 - 170.82 meters)
Sample From To Width Ag Au Cu Pb Zn Cu Eq
# (m.) (m.) (m.) g/t g/t % % % %
338299 168.00 169.00 1.00 25 0.694 2.64 0.446 9.10 6.39
338300 169.00 170.00 1.00 39 0.763 3.07 0.664 6.15 6.45
338301 170.00 170.82 0.82 48 0.704 3.03 1.945 5.92 6.64
Patrick J. Cruickshank, MBA, CEO & Director, stated, "DDH WD-25-02 certified assays are just outstanding. The multi element nature is terrific. High Copper, Silver, Gold & Zinc results add to the success of this hole. The confirmation of 3 distinct geological zones is proven across many of the Drillholes in this campaign, as our summaries have stated. Now fully funded and with strong capitalization, we are already confirming the next stage of drilling with the objective to test this high-grade Copper Multi Element series of horizons at depth and from the other side of the shear zone. As each VMS deposit in the BMC camp has multiple mineralized lenses constituting the deposit, planned BHEM surveying will assist in targeting these and what lies below and to the West. All 7 holes were capped so we have the flexibility to re-enter and conduct our BHEM Surveys in the best possible locations, including the lower southwest area. Upon receiving the BHEM results, our next phase of drilling will not have permit restrictions or winter challenges with access roads to exactly where we want to setup our drill pads. Our technical Team lead by Mike Dufresne & Gary Lohman have secured our BHEM Survey Vendor and will decide which Hole in the Southwest to choose as a BHEM Survey hole, along with the 2 Holes in the upper Northwest area. The CuEq over this width is very strong and supports the next stage for this exploration model."
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., PGEO., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.
Copper Equivalent (Cu-Eq) for the drill hole samples is calculated based on February 13, 2026, pricing: US$ 5.85/lb Cu, US$ 0.87/lb Pb, US$ 1.50/lb Zn, US$ 77.32/oz Ag, and US$ 5041.00/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.
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 renowned Bathurst Mining Camp (BMC), located in 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, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold.
ON BEHALF OF NINE MILE METALS LTD.
"Patrick J. Cruickshank, MBA"
CEO and Director
T: 506-804-6117
E: patrick@ninemilemetals.com
delerious1
4月前
Nine Mile Metals Intersects 44 Meters of Copper Mineralization and Provides Drill Program Update
February 10 2026 - 8:00AM
Newsfile
Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to provide the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge Project.
Drillhole WD-25-05:
DDH WD-25-05 collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -60 to a final depth of 275 meters.
DDH-WD-25-05 was successful, intersecting massive VMS (Cu, Pb, Zn, Ag, Au) mineralization between 155.52 - 157.80 meters (Figure 1) followed by 40 meters of mineralized felsic volcanics (rhyolite) as seen in Figure 2 between 157.80 and 197.80 meters before terminating in sediments.
Mineralization consisted of both pyrite and chalcopyrite as disseminations, masses, and associated with quartz bands parallel to bedding.
All drill core has been measured, logged, photographed, marked, and cut for sampling at the company's warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation - filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections were delivered to ALS Global in Moncton, New Brunswick for Base and Precious Metals analysis, including Antimony.
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FIGURE 1: Brecciated contact between Graphitic Shear and VMS Mineralization.
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FIGURE 2: Banded pyrite and chalcopyrite within siliciifed felsic volcanics
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Drill Holes BHEM -01 and BHEM-02:
Both drill holes were collared on permitted drill pads in the northwest along the western extension (Figure 4). The drill core for both BHEM-01 and BHEM-02 were solid with minimal faulting / fracturing in the host sediments providing ideal drill holes for surveying and subsequent follow up. Collared outside of known mineralization, the holes are well positioned to locate and model adjacent mineralization with no interference from a conductive source within the drill hole. Both holes are capped and easily accessible, the drill pads available for extending drilling further west and if required, additional depth.
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FIGURE 3: Drilling BHEM - 01 in Northwest Area
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Gary Lohman, VP Exploration, Director stated, "Our Wedge Drill Program has been very successful, intersecting Massive Cu bearing VMS where targeted in the western extension of the Wedge Deposit, as designed. Two holes were also drilled in the Northwest area to facilitate an upcoming BHEM survey, their locations in solid rock on the flanks of previous underground workings. In addition to identifying additional mineralization, the size and scale of the individual geological units and results from the upcoming BHEM program will assist in modeling the deposit and targeting additional drilling along the western extension. After our successful drilling in the southern lower extension of the deposit, our knowledge of the deposit and mineralization has increased and identified new areas of priority that were not permitted for this past drill program. We have identified new drill collar locations to continue to test the Copper Zone on the western extension in addition to potential locations that avoid the shear zone in the south. New permitting is underway in preparation of an exciting 2026 campaign at the Wedge, including our West Wedge and Tribag Target Trend drill programs."
2025 Drill Program Overview:
The program consisted of 7 drill holes totaling 1,654 meters with 5 holes targeting copper mineralization in the western extension of the Wedge Mine with two additional holes collared in the northwest to facilitate BHEM (Bore Hole Electromagnetic) surveying this spring. The goal is to map the depth of the deposit and define the new copper zone. We should also be able to map the western parameters of the deposit, heading west towards the Tribag and West Wedge along trend.
The 2025 drill program was highly successful, with all five drill holes targeting copper mineralization intersecting both massive VMS (Cu, Pb, Zn, Ag, Au) and banded copper sulphide mineralization. The two holes collared to facilitate BHEM geophysical surveying were also successful, collared in the northwest portion of the western extension, away from the large, graphitic shear zone that bounds the deposit in the south and west of the interpreted extent of previous, underground workings. BHEM surveying has its best results when drilled away from the mineralization and the magnetic interference.
The five drill holes targeting mineralization were all collared in the southwest, crossing through a brecciated, graphitic shear zone (tectonic melange) before intersecting a well-defined massive VMS (Cu, Pb, Zn, Ag, Au) horizon. This is characteristic of the mineralized contact after which a sequence of intercalated sediments and volcanics are cut prior to the holes intersecting the main zone of VMS mineralization with mineralized widths between 13 and 48 meters.
The VMS mineralization consisted of abundant pyrite and lesser chalcopyrite, sphalerite, and galena. Local, secondary copper, covellite (CuS) and bornite (Cu5FeS4), was also identified in drill holes WD-25-02 and WD-25-04.
In the west, the metal zonation appears different than the drill holes completed in the east with the prevalence of a greater concentration of chalcopyrite and pyrite with lesser galena (Pb) and sphalerite (Zn). Although it is early in the process, we have confirmed the presence abundant chalcopyrite and coarser grained pyrite in the western extension.
The key observations in this program include:
Graphitic Shear Zone in contact with VMS confirmed as a diagnostic marker horizon in the southwest.
Mineralized siliceous volcanics were intersected in numerous drill holes, defining an additional, mineralized sequence.
VMS mineralization occurs in multiple horizons as seen in holes WD-25-01 and WD-25-02.
The intersected units (Argillite, VMS and Felsic Volcanics) are of substantial width and extent which will assist in the 3D modeling of the deposit and subsequent drill hole targeting.
Patrick J Cruickshank, MBA, CEO & Director, stated, "We are thrilled with the success of our Wedge Phase 2 Drill Program. To have all 5 holes strike mineralization was more than we expected. It is a testament to our Technical Team and specifically, Mike Dufresne and Gary Lohman. We already have identified Phase 3 Drill holes and are determined more than ever to expand this deposit's footprint and expose this entire new 3rd High Grade Copper Lens. In addition, the BHEM surveys, the Phase 3 Wedge Drilling, the TriBag & West Wedge drilling to test this VMS Cluster Trend, 2026 will be filled with Wedge Project activity. We expect our first Assays to arrive this week from ALS Global and look forward to sharing the results."
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FIGURE 4: Drill Hole Locations, WD-25-05, BHEM-01, BHEM-02
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All drill core has been measured, logged, photographed, marked, and cut for sampling at the company's warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation - filtering and width identification in definition for sampling core for ALS Global. A total of (57) samples in Hole WD-25-05 have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for Rush processing.
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., PGO., VP Exploration and Director who acts as the Company's Qualified Person, and is not independent of the Company.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Wedge VMS Project, 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.
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ON BEHALF OF NINE MILE METALS LTD.
"Patrick J Cruickshank, MBA"
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com
delerious1
4月前
Copied from another site:
"I've compiled each press release for holes 1 through 4, including photos or plans and Gary's comments. It goes without saying that when you look at this sequence, each drilling operation is strategic and we're heading towards guaranteed success.
November 26, 2025
WD-25-01 was collared along the southern flank of the Wedge Mine and drilled at an azimuth of 335 degrees with a dip of -50 degrees to target the 2 modeled plates in the western extension (Figure 2). DDH WD-25-01 was successful, intersecting approximately 22.40 meters (true width) of massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au), in the 1st Target Plate. DDH WD-25-01 also intersected a 2nd sulphide zone in Target Plate 2, which is currently being geologically logged, measured, photographed and cut for sampling. A total of 65 sample sections have been identified for base and precious metals analysis (including Antimony) by Actlabs, Fredericton, New Brunswick. The VMS sulphides were visible so our time consuming XRF analysis process was not performed on this large a section to expediate the samples to the labs for certified analysis, also keeping the crew from becoming backlogged in the drill program. All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst New Brunswick. WD-25-02 was collared on the same drill pad and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 40 meters further west to extend the mineralized zone along strike. More details will follow when geological logging of the drill core has been completed.
FIGURE 1: (Target Plate 1) – Massive Copper Bearing VMS Mineralization, WD-25-01
FIGURE 2: Modeled Plates and Drill Holes WD-25-01 and WD-25-02
FIGURE 3: Plan view of Target Plates and traces of Drill Holes WD-25-01 and WD-25-02.
FIGURE 4: Massive Copper Bearing VMS Mineralization
Comment from Gary Lohman after press release from hole #1
Gary Lohman, VP Exploration, Director stated, ”We are very pleased with the VMS sulphide mineralization intersects from our first drill hole, WD-25-01. The mineralization was intersected where projected and throughout its width, it is massive and looks nondescript as seen in the images above, however, upon close examination, chalcopyrite (Cu) is seen as very fine disseminations within a matrix of pyrite. With the success of the first hole, the technical team, with the assistance of Apex Geoscience, decided to turn the drill west (WD-25-02) to intersect the VMS sulphide zone along strike and extend the mineralized footprint west. We look forward to building on this success and reporting the ongoing progress of this important Drill program at The Wedge Project”
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December 03, 2025
DDH WD-25-02 was successful, intersecting massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au). Massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) were found associated with the contact breccia at 139m depth with a second zone of massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) intersected at 155 meters, having an approximate true width of 20 meters. The sulphide mineralogy in WD-25-02 is readily visible, especially the massive copper mineralization, as shown in Figures 1 & 2. Chalcopyrite (CuFeS2) occurs as masses, streaks and blebs while more local Pb-Zn mineralization is well banded with sphalerite (Zn) the dominant sulphide. Local bornite (Cu5FeS4) and Covellite (CuS) is visibly present, the bornite displays its characteristic “Purple Peacock Copper Bloom” and Covellite its “Blue Copper”, as seen in Figure 1. All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections have been identified for Base and Precious Metals analysis, including Antimony, for Actlabs, Fredericton, New Brunswick.
FIGURE 1: Visible Massive Copper Mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu5FeS4 ).
FIGURE 2: Visible Massive Copper Mineralization
FIGURE 3: Modeled Plates and Drill Holes WD-25-01 and WD-25-02
Comment from Gary Lohman after press release from hole #2
Gary Lohman, VP Exploration, Director stated, “We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich. Very positive to confirm the thickness of this plate intersection as we stepped approximately 50m west of DDH-WD-25-01. Our data modelling suggests a 3rd potential Zone of mineralization which Mike Dufresne of Apex Geoscience is modeling and designing (2) potential Drill holes to test that prospective Zone from the western flank area, thus avoiding a sheer zone from the south. We look forward to moving to the Northwest area of this extension program”.
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December 22, 2025
DDH WD-25-02B was successful, with massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) found associated with the contact breccia at 56.4m depth with mineralization continuing to 122 meters. The sulphide mineralization in the drill hole occurred in both sediments and volcanics, terminating in massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) with visible Chalcopyrite (CuFeS2) as seen in Figure 1. Downhole ground conditions in the fault zone (sand seams, gouge) led to the termination of the drill hole at 122 meters, as we were drilling through a massive copper zone (Figure 1). Most Sample sections between 53.0 and 122.0 meters were 3 meters in length, to provide the best overall data for the drill hole. Smaller sample widths were identified and cut where appropriate. With massive mineralization present at the base of the drill hole, a new drill hole is being designed by the Technical Team, to be initiated from the other side of the fault zone, (New – to be permitted) in Phase 2 – 2026.
FIGURE 1: Visible VMS Quality Mineralization, Massive Chalcopyrite (CuFeS2 ) – Samples cut for Lab Processing
FIGURE 2: Massive Copper Mineralization Throughout Cut Drill Core in DDH WD-25-02B Sample Section
FIGURE 3: Drill Hole Locations, WD-25-01, WD-25-02B
Comment from Gary Lohman after press release from hole #3
Gary Lohman, VP Exploration, Director stated, “Drilling continues to intersect massive copper bearing mineralization in the western portion of the Wedge. The style of the mineralization varies from massive VMS (Cu-Pb-Zn-Ag-Au) to sequences of intercalated volcanics and VMS bands. XRF analysis has confirmed the high presence of copper, and we look forward to obtaining the permits required to drill this high-grade zone from the other side of the fault zone in the spring drill phase. The mineralization just continues to impress. We look forward to testing the thickness of this area of the target zone.”
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January 22, 2026
DDH WD-25-04 was successful, with 40m of mineralization, first intersected at 158 meters and continuing to approximately 198 meters. Once again, secondary Copper, both Covellite and Bornite was present in the hole. At 158 meters, copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) was found in contact with sheared, graphitic sediments. Between 162.0 and 183 meters, the drill hole intersected a sequence of sheared silicified volcanics (rhyolite) with parallel bands of 5 – 8% sulphides including pyrite and chalcopyrite. At 183 meters, the volume of sulphides increases to 50- 60% with visible pyrite and chalcopyrite, the contrast in mineralization styles shown in Figure 1, the chalcopyrite occurring as both mineralized bands and as disseminations Figure 3. The sulphide mineralization in the drill hole occurs within silicified volcanics, the base of section brecciated before transitioning to sediments.
FIGURE 1: Cu bearing VMS mineralization
FIGURE 2: Chalcopyrite (CuFeS2) and Covellite (CuS) mineralization.
FIGURE 3: Chalcopyrite occuring both mineralized bands and dissminations (left), VMS mineralization (right).
Comment from Gary Lohman after press release from hole #4
Gary Lohman, Director, P.Geo., VP Exploration, stated ”The mineralization is massive in character, fine grained, with basic Fe (Pyrite) and Cu sulphides (Chalcopyrite – Covellite), mineralogy as we have seen in recent drilling. Visible covellite (CuS) was locally present, adding a high grade component to the system. Again, these values explain what we are seeing in our drill core from our first 3 holes. (WD-25-01 & WD-25-02 & WD-25-02B). We are extremely encouraged and look forward to the WD-25-01 Certified Drill Core Assay Results.”
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