Welcome to our dedicated page for Nine Mile Metals news (Ticker: VMSXF), a resource for investors and traders seeking the latest updates and insights on Nine Mile Metals stock.
Nine Mile Metals Ltd (VMSXF) is a mineral exploration company focused on discovering volcanogenic massive sulfide (VMS) deposits in Canada's Bathurst Mining Camp. This page provides official news updates and press releases detailing the company's exploration programs, technical developments, and strategic initiatives.
Investors and industry observers will find comprehensive coverage of drilling results, geophysical survey findings, and project milestones across key assets including The Wedge VMS Project and California Lake properties. All content is sourced directly from company disclosures to ensure accuracy and compliance with financial reporting standards.
Our news collection focuses on critical operational updates including borehole electromagnetic (BHEM) survey outcomes, time-domain electromagnetic (TDEM) data interpretations, and resource delineation progress. The archive also features strategic developments in the company's pursuit of copper, zinc, and precious metals essential for green energy transition.
Bookmark this page for convenient access to Nine Mile Metals' latest exploration updates and technical reports. Regularly updated with verified information, this resource serves as your primary reference for tracking the company's activities in one of Canada's most prospective mining districts.
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) has completed a private placement, raising a total of $1,271,000. The final tranche involved the issuance of 1,562,500 flow-through units at $0.32 each, generating $500,000. Each unit comprises one common share and half a warrant, with the latter entitling purchase at $0.45 for two years. Proceeds will fund exploration on the company's mineral properties in New Brunswick, focusing on critical minerals like copper and zinc essential for green technologies.
On December 13, 2022, Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced the completion of a $1,200,000 private placement, raising $600,000 through the sale of 1,875,000 flow-through units priced at $0.32 each. The total proceeds from this offering now stand at $771,000. Each unit includes a common share and a half warrant, with warrants priced at $0.45, valid for 24 months. Funds will support exploration activities on its mineral properties.
Nine Mile Metals has announced positive XRF results from its recent drilling at the California Lake VMS Project in New Brunswick, indicating significant mineralization. Drill Hole CL22-12 intersected 7 zones of massive VMS mineralization with notable zinc percentages, including a high of 19.49% Zn. Drill Hole CL22-13 confirmed the mineralization's depth extension with 4 additional zones. Both holes suggest the mineralized area is open along strike and depth, showing promise for future exploration. The full assay results, particularly for silver and gold, are pending from ALS Global Labs.
On December 7, 2022, Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced the completion of a private placement, raising approximately $1,200,000. This first tranche involved the issuance of 534,375 flow-through units at $0.32 each, yielding total proceeds of $171,000. Notably, President Charles MaLette invested $96,000 in the offering. Each unit includes a common share and a warrant priced at $0.45, valid for 24 months. The funds will support exploration on its mineral properties, particularly in the Bathurst Mining Camp, focusing on VMS resources.
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) has reported promising XRF results from its Phase 1 drilling program at the California Lake VMS Project in New Brunswick. The results indicate significant zones of massive VMS mineralization, particularly in holes CL2211 and CL2208, with high combined lead-zinc levels. Notably, individual sections show zinc concentrations up to 15.12%. The company plans to analyze and report further assay results, including precious metals, after receiving data from ALS Global Labs. This suggests a strong foundation for future exploration plans in 2023.
Nine Mile Metals Ltd. has received a full grant for metallurgical analysis from the National Research Council of Canada Industrial Research Assistance Program. The analysis, conducted by RPC Science & Engineering, focuses on recovery possibilities for the upcoming 2000-3000 Tonne bulk sample at its Nine Mile Brook VMS Lens project. The study aims to define mineralogy and liberation size, utilizing advanced techniques like Scanning Electron Microscopy. The findings are expected to optimize recovery methods and enhance the project's commercial viability.
Nine Mile Metals Ltd. (OTCQB: VMSXF) announced drilling on its Nine Mile Brook VMS project will commence on December 4, 2022. The company has secured a deep drilling rig capable of reaching 1,000 meters and will operate with two 12-hour drill crews for a continuous 24-hour operation. This drilling collaboration follows a successful previous program that identified high-grade VMS mineralization. The company aims to expedite exploration goals and assay submissions using advanced downhole geophysical instruments.
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced promising initial results from its Phase 1 drill program at the California Lake VMS Project in New Brunswick. Drill holes CL2206 and CL2207 intersected significant zones of VMS mineralization, with Zn up to 40.97%. The results indicate the mineralized zones are open for expansion, with ongoing analyses at ALS Global Labs. CEO Patrick J. Cruickshank expressed optimism about the successful identification of VMS mineralization and planned further exploration to cover the extensive target structure.
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) has completed its initial stage 1 drill program at the California Lake VMS Project, totaling 1,226 meters across 13 holes. The program targeted VMS mineralization along a 1.5-kilometer electromagnetic anomaly, with 7 of 8 holes intersecting visual mineralization. CEO Patrick J. Cruickshank expressed excitement over the findings and plans for a UAV Drone & IP-EM surface grid exploration program in 2023. Samples from the drilling have been sent for assay analysis, with results anticipated.
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) has reported positive advancements from its California Lake VMS project drill program in New Brunswick. Recent drilling at Hole CL2207 confirmed VMS mineralization, intersecting six zones containing copper, lead, zinc, silver, and gold at depths between 39 to 50 meters. This follows a successful previous drill, expanding the mineralized area. The company aims to utilize advanced geophysical methods for future exploration, highlighting its commitment to economic exploration methods.
