NINE MILE METALS LTD - VMSXF STOCK NEWS

Nine Mile Metals Ltd. resumes its 5,000m drill program at the high-priority ‘Hinge A’ target in the Nine Mile Brook VMS Project. The drilling is conducted by Orbit-Garant Drilling and re-enters the partially drilled Hole T05-A. This initiative follows its original announcement on January 16, 2023. The company plans to update on drilling progress in the upcoming weeks. In addition, Nine Mile has engaged Global Media One Limited for social media management and press release distribution, aiming to enhance investor engagement.

On February 9, 2023, Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) announced a Mineral Property Option Agreement to acquire a 100% interest in the Wedge Project from Slam Exploration Ltd.. The Wedge Project covers 25 km² and historically produced 1.503MT of minerals, including copper, lead, and zinc. To secure the property, Nine Mile will pay an aggregate of 1,200,000 common shares and $150,000 over four years. The acquisition enhances Nine Mile's portfolio in the Bathurst Mining Camp and utilizes advanced UAV 3D and AI technology for exploration. This strategic move aims to increase shareholder value and bolster critical minerals production.

On February 8, 2023, Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced a consulting agreement with Oak Hill Financial Inc. for investor relations and capital market advisory services. The agreement includes a monthly fee of $10,000 plus applicable taxes. The partnership aims to enhance Nine Mile's corporate visibility in the investment community, particularly for its Critical Minerals projects in the Bathurst Mining Camp, New Brunswick. Oak Hill plans to leverage its extensive network to broaden Nine Mile’s shareholder base and attract institutional fund managers, positioning the company favorably within the growing battery metals sector.

Nine Mile Metals Ltd. announced the purchase of the West Nine Mile Brook Project from Windfall Geotek Inc. for 232,143 shares, now subject to a four-month hold period. This acquisition enhances their VMS Portfolio within the Bathurst Mining Camp, New Brunswick, covering 6.3 sq km and identified three high-priority target nodes. The project is strategically located along a mineralized trend, previously linked to the Wedge Deposit. CEO Patrick J. Cruickshank emphasized the role of AI from Windfall in boosting exploration capabilities. The property carries a 2% net smelter return, with a buyback option available for $500,000.

Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced the mobilization of its Winter Skid Mount Drill Rig to continue a 5000m Stage 2 drill program at its Nine Mile Brook VMS Project in the Bathurst Mining Camp, New Brunswick. The drill program resumes with new targets identified in the Hinge A target area, and necessary permits have been secured. Orbit-Garant Drilling Inc. is contracted for this winterized, enclosed drill rig, enhancing depths up to 3000m. Mobilization is set for February 4, 2023, facilitating further exploration of the region known for its mineral potential.

Nine Mile Metals Ltd. announced the Certified Assay results for its Phase 1 drill program at the California Lake VMS Project in New Brunswick. Key findings from drill holes CL22-12 and CL22-13 revealed significant VMS mineralization, with CL22-12 intersecting 18.45m of mineralization, showcasing high grades of Zn (up to 22.30%), Ag (up to 172 g/t), and Au (up to 1.63 g/t). CL22-13 recorded 9.77m of mineralization, including 5.21m of 20.18 g/t Ag and 0.40 g/t Au. Both holes indicate the mineralized zone is open in multiple directions. The company is focused on developing an advanced exploration program for the 1.5km target area, leveraging advanced technologies.

Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) provides a significant update on its drilling program at the Nine Mile Brook VMS Project in New Brunswick. Following a comprehensive 21-line kilometer Induced Polarization (I.P.) survey, the company has proposed 18 high-priority drill holes to target various conductive anomalies. Initial drill holes have shown promising signs of mineralization, including disseminated sulphides and a coherent conductive trend, indicating minimal transport from the local source. The project aims to explore critical minerals in a target-rich environment, with expectations for further analysis and updates on drill results.

Nine Mile Metals Ltd. has reported positive assay results from the California Lake VMS Project, with significant intersections of VMS mineralization found in drill holes CL2208 and CL2211. The notable findings include a 10.90m mineralized zone in CL2211 and 7.17m in CL2208, primarily containing Zn, Ag, and Au. The results indicate a robust mineralized system, open along strike and depth. CEO Patrick J Cruickshank expressed optimism for further exploration in 2023, targeting a 1.5 km trend. These results align with typical Bathurst Mining Camp characteristics, revealing strong mineralization potential.

Nine Mile Metals Ltd. has announced positive assay results from its Phase 1 drill program at the California Lake VMS Project. Drill hole CL2206 identified four mineralized zones, while CL2207 revealed six zones, both showing significant levels of Silver (Ag) and Gold (Au). CEO Patrick J. Cruickshank expressed optimism about the results and the potential for further exploration, fueled by a recent funding of $1,271,000. The company plans to drill priority targets along a 1.5 km trend in 2023, supported by advanced geophysics.