Nine Mile Metals Provides Exploration Program Update
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) has provided an update on its Western Portfolio Advanced Geophysical Summer 2024 Exploration Program in the Bathurst Mining Camp, New Brunswick. Key highlights include:
1. Completion of three Bore Hole Electromagnetic (BHEM) surveys at the Wedge Project and one at California Lake.
2. Initiation of ground-based Time Domain Electromagnetic (TDEM) surveys at Wedge and California Lake.
3. Progress on a 1,400-line kilometer UAV drone magnetic survey, with 72% completion.
4. Preliminary results indicating moderate to strong conductors in several drill holes.
5. Les Forages Chapais drill rig on-site, awaiting final drill target processing.
The company is now awaiting final results, interpretation, and 3D modeling to identify and prioritize drill targets for the upcoming Phase 2 Drill Program.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) ha fornito un aggiornamento sul suo Programma di Esplorazione Geofisica Avanzata per l'Estate 2024 del Portfolio Western nel Mining Camp di Bathurst, New Brunswick. I punti salienti includono:
1. Completamento di tre sondaggi di Elettromagnetismo da Buco di Pozzo (BHEM) presso il Progetto Wedge e uno presso California Lake.
2. Inizio dei sondaggi geofisici a Terra mediante Elettromagnetismo in Dominio di Tempo (TDEM) a Wedge e California Lake.
3. Progresso di un'indagine magnetica con drone UAV di 1.400 chilometri di linea, con il 72% di completamento.
4. Risultati preliminari che indicano conduttori da moderati a forti in diversi fori di perforazione.
5. La trivella Les Forages Chapais è in loco, in attesa del trattamento finale dei target di perforazione.
L'azienda ora attende i risultati finali, l'interpretazione e la modellazione 3D per identificare e dare priorità ai target di perforazione per il prossimo Programma di Trivellazione Fase 2.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) ha proporcionado una actualización sobre su Programa de Exploración Geofísica Avanzada de Verano 2024 de la Cartera Occidental en el Campamento Minero de Bathurst, New Brunswick. Los aspectos más destacados incluyen:
1. Finalización de tres encuestas de Electromagnetismo por Agujeros de Perforación (BHEM) en el Proyecto Wedge y una en California Lake.
2. Inicio de las encuestas de Electromagnetismo en Dominio de Tiempo (TDEM) basadas en tierra en Wedge y California Lake.
3. Progreso en una encuesta magnética con dron UAV de 1,400 kilómetros de línea, con un 72% de finalización.
4. Resultados preliminares que indican conductores moderados a fuertes en varios agujeros de perforación.
5. La perforadora Les Forages Chapais está en el sitio, esperando el procesamiento final de los objetivos de perforación.
La empresa ahora espera los resultados finales, la interpretación y la modelación 3D para identificar y priorizar los objetivos de perforación para el próximo Programa de Perforación Fase 2.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF)는 뉴브런즈윅의 바서스 광산 캠프에서 2024 여름 서부 포트폴리오 고급 지구물리학 탐사 프로그램에 대한 업데이트를 제공했습니다. 주요 내용은 다음과 같습니다:
1. Wedge 프로젝트에서 3개의 보어홀 전자기(BHEM) 조사가 완료되었고, California Lake에서 1개가 완료되었습니다.
2. Wedge와 California Lake에서 지반 기반 시간 영역 전자기(TDEM) 조사 시작.
3. UAV 드론 자력 조사 1,400라인킬로미터에서 72% 완료.
4. 여러 시추홀에서 중간 정도에서 강력한 전도체를 나타내는 초기 결과.
5. Les Forages Chapais 시추 장비가 현장에 있으며, 최종 시추 타겟 처리를 기다리고 있습니다.
회사는 이제 최종 결과, 해석 및 3D 모델링을 기다리고 있으며, 다가오는 2단계 시추 프로그램을 위한 시추 타겟을 식별하고 우선순위를 매길 계획입니다.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) a fourni une mise à jour sur son Programme d'Exploration Géophysique Avancée d'Été 2024 pour le Portefeuille Western dans le Camp Minier de Bathurst, Nouveau-Brunswick. Les points clés incluent :
1. Achèvement de trois enquêtes électromagnétiques par trou de forage (BHEM) au projet Wedge et une au California Lake.
2. Début des enquêtes électromagnétiques en domaine temporel (TDEM) basées au sol à Wedge et California Lake.
3. Progrès d'une enquête magnétique par drone UAV de 1 400 kilomètres de ligne, avec un achèvement de 72 %.
4. Résultats préliminaires indiquant des conducteurs de modérés à forts dans plusieurs trous de forage.
5. Le matériel de forage de Les Forages Chapais est sur site, en attente du traitement final des cibles de forage.
L'entreprise attend maintenant les résultats finaux, l'interprétation et la modélisation 3D pour identifier et prioriser les cibles de forage pour le prochain Programme de Forage Phase 2.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) hat ein Update zu seinem Western Portfolio Advanced Geophysical Summer 2024 Explorationsprogramm im Bathurst Mining Camp, New Brunswick, bereitgestellt. Die wichtigsten Highlights sind:
1. Abschluss von drei Bohrloch-Elektromagnetik (BHEM)-Umfragen im Projekt Wedge sowie einer im California Lake.
2. Beginn der bodengestützten Zeitbereichselektromagnetik (TDEM)-Umfragen in Wedge und California Lake.
3. Fortschritt bei einer 1.400 Kilometer langen UAV-Drohnen-Magnetumfrage mit 72% Abschluss.
4. Vorläufige Ergebnisse, die moderate bis starke Leiter in mehreren Bohrlöchern anzeigen.
5. Der Bohrturm von Les Forages Chapais ist vor Ort und wartet auf die endgültige Bearbeitung der Bohrziele.
Das Unternehmen wartet nun auf die endgültigen Ergebnisse, die Interpretation und die 3D-Modellierung, um die Bohrziele für das bevorstehende Phase-2-Bohrprogramm zu identifizieren und zu priorisieren.
- Completion of multiple geophysical surveys (BHEM, TDEM, UAV magnetic) to refine exploration targets
- Preliminary results show moderate to strong conductors in several drill holes, indicating potential mineralization
- 72% completion of a large-scale UAV drone magnetic survey covering 1,400 line kilometers
- Drill rig on-site, ready for immediate deployment once targets are finalized
- Final results, interpretation, and 3D modeling still pending, potentially delaying the start of drilling
- No concrete assay results or resource estimates provided in this update
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to provide an update and report on the Nine Mile's Western Portfolio Advanced Geophysical Summer 2024 Exploration Program situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).
EXPLORATION HIGHLIGHTS:
- (3) Wedge BHEM Surveys Completed (Holes WD-24-01, WD-24-05, and WD-24-06)
Awaiting Final Results processing, Interpretation and 3D Modeling - (1) California Lake BHEM Surveys Completed (Hole CL-23-10-01)
Awaiting Final Results processing, Interpretation and 3D Modeling - EEX - UAV Drone 3D Survey 1400 Line Kms -
72% Completed - EEX - Ground Based TDEM Survey at California Lake Trend 10 (South) - initiated
- EEX - Ground Based TDEM Survey at Wedge Targets 3-4-6-7 - after California Lake #10
- Les Forages Chapais Drill Rig Onsite and awaiting Final Drill Target Processing from EEX
Figure 1: Nine Mile Metals Western Portfolio High Priority Target Trends Exploration Roadmap
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/220033_7f6c5b8d74e0fbe8_002full.jpg
At the Wedge Project, (3) Bore Hole Electromagnetic (BHEM) surveys were completed by EarthEx Geophysical Solutions Inc. ("EarthEx" or "EEX"), one to the south (WD-24-01) collared in the footwall sediments targeting the deposit at depth and (2) holes drilled from the north (WD-24-05, WD-24-06) into the "New" unmined, eastern extension area.
Preliminary results from WD-24-01 BHEM survey indicate a moderate to strong anomaly with initial modeling reflecting the mineralized intersections that included 11.10 meters assaying
Drill holes WD-24-05 and WD-24-06 were collared in the north and drilled to the southeast targeting the unmined eastern portion of the deposit. Results from WD-24-05 have near hole responses in areas of elevated assay values as expected in addition to a larger size, moderate to strong conductor. WD-24-05 uncovered VMS Mineralization in (4) Zones between 18.00 and 119.00 meters. Assay values from WD-24-05 included an 18-meter intersection assaying
The preliminary results from the California Lake CL-23-10-01 BHEM survey, indicated a weak to moderate conductor at depth.
While we await the final results of the BHEM surveys, interpretation and 3D modeling, EarthEx has initiated high priority ground-based Time Domain Electromagnetic (TDEM) surveying over previously identified priority conductors at the Wedge including targets 3, 4, 6 and 7, to further define the respective anomalies (Figure 2). Located in the western Wedge trend, the TDEM survey over the clustered anomalies provides the opportunity to validate the trend with high priority drill targets. Several lines are also planned over Target 6 which is along the southern extension of the California Lake East VMS trend that was successfully drilled in 2022.
Figure 2: EEX TDEM Ground Based Grids & Loop covering Wedge Targets 3-4-6-7
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/220033_7f6c5b8d74e0fbe8_003full.jpg
At California Lake, Target Areas 10 and 11 were previously defined by EarthEX, the reprocessed MegaTEM data identifying numerous strong, late time conductive trends crudely forming a fold nose as seen in red in Figure 1 and highlighted by the red polylines that define the conductive axis. With a moderate conductor identified in CL-23-10-01 at a depth of 230.00 meters and adjacent, unresolved conductors, a ground-based Time Domain Electromagnetic (TDEM) survey will be undertaken, the grid location shown in Figure 3, the southern corner of the grid proximal to the South Branch Forty Mile Brook Cu, Zn mineral occurrence identified by the yellow circle.
Figure 3: California Lake Trend 10 South TDEM Grid Location (White) covering EEX Priority Strong Red Conductor
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/220033_7f6c5b8d74e0fbe8_004full.jpg
In conjunction with the TDEM program, EarthEx is also conducting a large, 1,400-line kilometer, close spaced UAV (Drone) magnetic survey over the California Lake project areas including target areas 1 through 10. The drone survey is underway in addition to linecutting to facilitate the ground based TDEM surveys (Figure 4).
Figure 4: EEX - UAV Advanced Drone Survey Completion Update (Green - 943.5 Line Kms
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/220033_7f6c5b8d74e0fbe8_005full.jpg
Gary Lohman, P.Geo., VP Exploration, stated, "The entire Team at Nine Mile Metals, EarthEX, Line Cutters and Drillers, have been working for the past 2 months at the Wedge and California Lake Projects, propelling this important Exploration Program forward at an expedited rate. With all 3 surveys complete, the team will have a complete picture of the geophysical characteristics of the targets allowing us to move swiftly into our Phase 2 Drill Program. We look forward to our next update with all our results, findings, interpretation and 3D Modeling with distinct High Priority Drill targets."
NEXT STEPS:
- Maxwell plate modeling of the TDEM survey data.
- 3 D modeling of the magnetics to refine lithological boundaries and identify controlling structures.
- Data integration of all 3 geophysical surveys with the historic and 2024 drill data.
- Identification and Prioritization of drill targets.
- Diamond drilling.
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) with all 3 surveys complete, the team will have a complete picture of the geophysical characteristics of the targets allowing us to move swiftly into our Phase 2 Drill Program, (b) several lines are also planned over Target 6 which is along the southern extension of the California Lake East VMS trend that was successfully drilled in 2022, (c) a moderate to strong conductor is also seen in WD-24-06 and due to the proximity to WD-24-05, the response likely reflects the same source, and (d) we look forward to our next update with all our results, findings, interpretation and 3D Modeling with distinct High Priority Drill targets. 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/220033
FAQ
What geophysical surveys has Nine Mile Metals (VMSXF) completed in its 2024 exploration program?
What are the preliminary results from Nine Mile Metals' (VMSXF) BHEM surveys at the Wedge Project?
When will Nine Mile Metals (VMSXF) begin its Phase 2 Drill Program in the Bathurst Mining Camp?
What are the next steps in Nine Mile Metals' (VMSXF) exploration program for 2024?
