Nine Mile Metals Announces Drill Hole WD-24-08 Certified Assay Results of 1.34% Copper Equivalent (Cu-Eq) over 44.00m Including 3.73% (Cu-Eq) over 12.00m and 4.57% (Cu-Eq) over 9.00m
Nine Mile Metals announced the certified assay results for drill hole WD-24-08 at The Wedge VMS drill target in Bathurst Mining Camp, New Brunswick.
The highlights include a copper equivalent (Cu-Eq) of 1.34% over 44.00m, with notable sections like 3.73% Cu-Eq over 12.00m and 4.57% Cu-Eq over 9.00m.
The drill hole intersected significant mineralization, including copper, lead, zinc, gold, and silver.
The drill hole results are expected to support the expansion of The Wedge Deposit's footprint and its re-evaluation.
CEO Patrick J Cruickshank stated that the results will help plan phase 2 of the high-priority project in 2024.
Upcoming targets include California Lake Hole #10 and the Tri Bag trend.
- Certified assays confirm 1.34% Cu-Eq over 44.00m.
- Notable sections include 3.73% Cu-Eq over 12.00m and 4.57% Cu-Eq over 9.00m.
- Successful intersection of Cu, Pb, Zn, Au, and Ag mineralization.
- Support for expanding The Wedge Deposit's footprint.
- Phase 2 planning supported by five announced drill holes and historic data.
- Strong copper and silver mineralization reported.
- Details on phase 2 planning and execution are undefined.
- Future results and economic viability of the project still need confirmation.
- No clear timeline provided for upcoming exploration targets.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-24-08 at The Wedge VMS drill target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).
WD-24-08 HIGHLIGHTS:
- Drill hole WD-24-08 was collared along the southern flank of The Wedge deposit within the footwall sediments, utilizing the same drill pad as drill hole WD-24-01, and drilled at an azimuth of 10 degrees and a dip of -45 degrees to a total depth of 175.5m.
- The drill hole successfully intersected Cu, Pb, Zn, Au, and Ag mineralization between 37.00m and 81.00m (44.00m) assaying
0.47% Cu,0.89% Pb,1.54% Zn, 0.18 g/t Au and 15.35 g/t Ag with a Cu-Eq of1.34% . - Two distinct zones of visible sulphide mineralization were intersected, including the:
- UPPER ZONE (37.00m - 49.00m): 12.00m assaying
0.95% Cu,3.06% Pb,4.95% Zn, 0.55g/t Au, and 48.00 g/t Ag with a Cu-Eq of3.73% . The Upper Zone includes:- 9.00m of pyritic VMS (37.00m - 46.00m) assaying
0.93% Cu,4.08% Pb,6.45% Zn, 0.71 g/t Au, and 63.35 g/t Ag, with a Cu-Eq of4.57% . - 10.50m of pyritic VMS (38.50m - 49.00m) assaying
1.00% Cu,3.30% Pb, 5.40 % Zn, 0.52 g/t Au, and 49.00 g/t Ag, with a Cu-Eq of3.94% .
- 9.00m of pyritic VMS (37.00m - 46.00m) assaying
- LOWER ZONE (75.00m - 81.00m): 6.00m assaying
1.18% Cu,0.05% Pb,0.36% Zn, 0.09 g/t Au, and 8.00 g/t Ag with a Cu-Eq of1.42% .
- UPPER ZONE (37.00m - 49.00m): 12.00m assaying
TABLE 1: Drill Hole WD-24-08 Assays Summary
| WD-24-08 | From (m) | To (m) | Width (m) | Cu (%) | Pb (%) | Zn (%) | Pb + Zn (%) | Au g/t | Ag g/t | Cu-Eq (%) |
| OVERALL | 37.00 | 81.00 | 44.00 | 0.47 | 0.89 | 1.54 | 2.43 | 0.18 | 15.35 | 1.34 |
| UPPER ZONE | 37.00 | 49.00 | 12.00 | 0.95 | 3.06 | 4.95 | 8.01 | 0.55 | 48.00 | 3.73 |
| includes | 37.00 | 46.00 | 9.00 | 0.93 | 4.08 | 6.45 | 10.53 | 0.71 | 63.35 | 4.57 |
| includes | 38.50 | 49.00 | 10.50 | 1.00 | 3.30 | 5.40 | 8.70 | 0.52 | 49.00 | 3.94 |
| LOWER ZONE | 75.00 | 81.00 | 6.00 | 1.18 | 0.05 | 0.36 | 0.41 | 0.09 | 8.00 | 1.42 |
Copper Equivalent (Cu-Eq) for drill intersections is calculated based on May 13, 2024, pricing. US
In the southern portion of the Wedge Deposit, the drill hole cut the footwall argillite, followed by brecciated felsic volcanics with pyrite, chalcopyrite, galena, and sphalerite mineralization. The style of mineralization is quite different in the south, locally highlighted by the presence of banded to massive, blebby chalcopyrite and sphalerite.
TABLE 2: UPPER ZONE - Certified Assays of 15.50m Intersection (123.00m - 138.50m)
| Sample # | From (m) | To (m) | Width (m) | Cu (%) | Pb (%) | Zn (%) | (Pb + Zn) (%) | Au (g/t) | Ag (g/t) |
| 280067 | 37.00 | 37.54 | 0.54 | 0.34 | 0.63 | 1.49 | 2.12 | 0.332 | 18.00 |
| 280068 | 37.54 | 38.50 | 0.96 | 0.65 | 1.81 | 1.82 | 3.63 | 1.100 | 55.00 |
| 280069 | 38.50 | 39.50 | 1.00 | 1.12 | 3.28 | 4.09 | 7.37 | 1.045 | 70.00 |
| 280070 | 39.50 | 40.50 | 1.00 | 1.09 | 5.77 | 10.55 | 16.32 | 0.741 | 70.00 |
| 280071 | 40.50 | 41.50 | 1.00 | 1.15 | 3.14 | 7.98 | 11.12 | 0.650 | 59.00 |
| 280072 | 41.50 | 42.50 | 1.00 | 0.81 | 0.79 | 1.91 | 2.70 | 0.578 | 31.00 |
| 280073 | 42.50 | 43.50 | 1.00 | 1.66 | 3.00 | 4.20 | 7.20 | 0.698 | 52.00 |
| 280074 | 43.50 | 44.50 | 1.00 | 0.82 | 11.80 | 19.30 | 31.10 | 0.994 | 142.00 |
| 280075 | 44.50 | 45.30 | 0.80 | 0.74 | 7.88 | 7.96 | 15.84 | 0.554 | 95.00 |
| 280077 | 45.30 | 46.00 | 0.70 | 0.45 | 0.81 | 1.58 | 2.39 | 0.085 | 11.00 |
| 280078 | 46.00 | 47.00 | 1.00 | 1.76 | 0.02 | 0.55 | 0.57 | 0.094 | 3.00 |
| 280079 | 47.00 | 48.00 | 1.00 | 0.13 | nil | 0.24 | 0.24 | 0.038 | 1.00 |
| 280080 | 48.00 | 49.00 | 1.00 | 1.14 | nil | 0.55 | 0.55 | 0.087 | 3.00 |
"Drill hole WD-24-08 included visibly abundant lead and zinc mineralization with the increased presence of galena (Pb sulphide) reflected in the higher silver assays as seen in the samples in Table 2, with assays up to 142.00 g/t Ag. Fire assay gold was elevated, reaching up to 1.1g/t Au. Intersections seen in drill hole WD-24-08 demonstrate the multi-element potential of the system," commented Gary Lohman, P.Geo., VP Exploration & Director.
Patrick J Cruickshank, MBA, CEO & Director stated, "We are pleased to continue releasing drill results that support our objective of proving the eastern proposed extension of unmined ore and expanding The Wedge Deposit's footprint to re-evaluate its economics. Hole WD-24-08 was a solid VMS hole, displaying very strong copper and silver with good lead-zinc mineralization. Through reviewing the five announced drill holes to date on The Wedge program and the upcoming 73 newly received digitized Cominco historic surface hole data (assays and lithology), along with 110 underground holes, combined with our announced BHEM at the Wedge, we are going to be able to evaluate and execute phase 2 on this high-priority project in our western portfolio of targets. We look forward to our next release in our 2024 exploration program. We are finalizing our summer program at other high priority targets, including California Lake Hole #10, Wedge North Target #6, and The West Wedge and Tri Bag trend targets."
FIGURE 1: Chalcopyrite, Lower Zone (
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FIGURE 2: Chalcopyrite Lower Zone (
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Figure 3: Plan View, Drill Hole Collars, and Surface Projection (Drill Holes Reported to Date)
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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 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) intersections seen in drill hole WD-24-08 demonstrate the multi-element potential of the system, (b) we are pleased to continue releasing drill results that support our objective of proving the eastern proposed extension of unmined ore and expanding The Wedge Deposit's footprint to re-evaluate its economics, and (c) we look forward to our next release in our 2024 exploration 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209929
FAQ
What are the assay results for VMSXF drill hole WD-24-08?
What minerals were intersected in VMSXF's drill hole WD-24-08?
How will VMSXF's drill hole WD-24-08 results impact The Wedge Deposit?
What are the next steps for VMSXF's exploration program in 2024?
