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Nine Mile Metals Initiates Drilling on California Lake South High Priority Target Plate A with 850 Meter Diamond Drill Hole EEX-P01

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Nine Mile Metals has initiated a diamond drill program at California Lake South to test Priority Plate Target A. The program includes three important drill holes (A-B-C), with Plate A being a deep, large conductor spanning 600 meters in length. The first drill hole will reach a maximum depth of 850 meters at an azimuth of 110 degrees and -60 degrees dip. Plates B and C are also high-priority targets, with Plate B being shallow and Plate C extending 700 meters in length with a 500-meter depth. The drilling parameters for all plates have been designed by EarthEx Geophysical Solutions.

Nine Mile Metals ha avviato un programma di perforazione a carotaggio con diamante presso California Lake South per testare l’Obiettivo Placca Prioritaria A. Il programma include tre importanti perforazioni (A-B-C), con la Placca A che è un conduttore profondo e ampio che si estende per 600 metri in lunghezza. La prima perforazione raggiungerà una profondità massima di 850 metri con un azimut di 110 gradi e un'inclinazione di -60 gradi. Le placche B e C sono anche obiettivi di alta priorità, con la Placca B che è poco profonda e la Placca C che si estende per 700 metri in lunghezza con una profondità di 500 metri. I parametri di perforazione per tutte le placche sono stati progettati da EarthEx Geophysical Solutions.

Nine Mile Metals ha iniciado un programa de perforación con diamante en California Lake South para probar el Objetivo Placa Prioritaria A. El programa incluye tres perforaciones importantes (A-B-C), siendo la Placa A un conductor profundo y grande que se extiende 600 metros de largo. La primera perforación alcanzará una profundidad máxima de 850 metros con un acimut de 110 grados y una inclinación de -60 grados. Las placas B y C también son objetivos de alta prioridad, siendo la Placa B poco profunda y la Placa C con una extensión de 700 metros de largo y 500 metros de profundidad. Los parámetros de perforación para todas las placas han sido diseñados por EarthEx Geophysical Solutions.

Nine Mile MetalsCalifornia Lake South에서 우선 순위 판 타겟 A를 시험하기 위해 다이아몬드 드릴 프로그램을 시작했습니다. 이 프로그램은 세 개의 중요한 드릴 홀(A-B-C)을 포함하며, 판 A는 길이가 600미터에 달하는 깊고 큰 도체입니다. 첫 번째 드릴 홀은 최대 850미터 깊이까지 도달하며, 방위각 110도와 -60도 기울기를 가집니다. 판 B와 C도 고우선 순위 목표이며, 판 B는 얕고, 판 C는 길이가 700미터, 깊이는 500미터에 이릅니다. 모든 판의 드릴링 매개변수는 EarthEx Geophysical Solutions에 의해 설계되었습니다.

Nine Mile Metals a lancé un programme de forage diamanté à California Lake South pour tester la Plaque Prioritaire A. Le programme comprend trois forages importants (A-B-C), la Plaque A étant un grand conducteur profond s'étendant sur 600 mètres de long. Le premier forage atteindra une profondeur maximale de 850 mètres avec un azimut de 110 degrés et un angle d'inclinaison de -60 degrés. Les plaques B et C sont également des cibles de haute priorité, la Plaque B étant peu profonde et la Plaque C s'étendant sur 700 mètres de long avec une profondeur de 500 mètres. Les paramètres de forage pour toutes les plaques ont été conçus par EarthEx Geophysical Solutions.

Nine Mile Metals hat ein Diamantbohrprogramm am California Lake South gestartet, um das Prioritätsplattentarget A zu testen. Das Programm umfasst drei wichtige Bohrlöcher (A-B-C), wobei Platte A ein tiefer, großer Leiter ist, der sich über 600 Meter erstreckt. Das erste Bohrloch wird eine maximale Tiefe von 850 Metern mit einem Azimut von 110 Grad und einer Neigung von -60 Grad erreichen. Die Platten B und C sind ebenfalls hochpriorisierte Ziele, wobei Platte B flach und Platte C 700 Meter lang und 500 Meter tief ist. Die Bohrparameter für alle Platten wurden von EarthEx Geophysical Solutions entworfen.

Positive
  • Large-scale drilling program targeting three well-defined conductors
  • Potentially large mineralized body consistent with BMC deposits
  • Strategic location in underexplored area with minimal previous drilling
Negative
  • Deep drilling required (850m) which increases operational costs
  • Results from previous drilling in the area were

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to provide an update on its California Lake Phase 2 Drill Program. Nine Mile Metals has initiated its diamond drill program at California Lake to test Priority Plate Target A, defined by EarthEx Geophysical Solutions Inc. (EEX). Les Forages Chapais is onsite, initiating the first of three important drill holes (A-B-C) at California Lake South.

Plate A is a deep, large, strong conductor located near the fold nose, defined within a geological package that includes Flat Landing Brook felsic and mafic volcanics-related sediments. The plate, with a length of 600 meters and open at depth, is a high priority target. Previous drilling in the immediate area is minimal and limited to a few shallow drill holes. EarthEx has recommended drilling the target at an azimuth of 110 degrees and a dip of -60 degrees to intersect the most conductive portion of the target plate. The drill hole depth will be a maximum of 850 meters (see Figures 1 and 2).

Plates B and C are also high priority targets, both well-defined with strong conductors related to the overall MegaTEM trend. Plate B is a discreet and shallow target dipping steeply east. The azimuth of the planned drill hole is 275 degrees with a dip of -60 degrees and a maximum depth of 300 meters. Plate C is large, dipping to the west, with a length of 700 meters and a projected depth extent of 500 meters. The azimuth of the planned drill hole is 275 degrees with a dip of -60 degrees. EarthEx has designed the drilling parameters for Plates B and C, as shown in Figure 2.

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Figure 1: Plan View, TDEM Grid, Regional Magnetic trend and Priority Plates A, B, C and D.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/228318_6a3137af54f65a89_002full.jpg

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Figure 2: TDEM Grid, Priority Plates A, B, C, and proposed drill holes.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/228318_6a3137af54f65a89_003full.jpg

Gary Lohman, Director, P.Geo., VP Exploration stated, "The team is pleased to be at the drill stage at California Lake South with well-defined and modeled targets. Both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC. We are very much looking forward to getting the program underway and testing this underexplored, highly prospective area at the folded nose of California Lake South in the BMC."

Patrick J. Cruickshank, MBA, CEO and Director added, "We are finally receiving all of our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. We look forward to announcing these results shortly. Our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio."

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 Critical Minerals 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) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. 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/228318

FAQ

What is the maximum depth of Nine Mile Metals' first drill hole at California Lake South (VMSXF)?

The first drill hole at California Lake South will reach a maximum depth of 850 meters, targeting Plate A.

How long is the conductor plate A in Nine Mile Metals' California Lake project (VMSXF)?

Plate A is a large conductor with a length of 600 meters and remains open at depth.

What are the drilling parameters for Plate A at Nine Mile Metals' California Lake project (VMSXF)?

The drilling parameters for Plate A are an azimuth of 110 degrees and a dip of -60 degrees.

NINE MILE METALS LTD

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