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Overview of Nine Mile Metals Ltd
Nine Mile Metals Ltd (symbol: VMSXF) is a Canadian public mineral exploration company dedicated to the exploration of volcanogenic massive sulfide (VMS) deposits in the renowned Bathurst Mining Camp (BMC) in New Brunswick. With a focus on critical minerals including copper, lead, zinc, silver, and gold, the company employs state-of-the-art geophysical and drilling techniques to unlock the potential of its portfolio.
Core Business and Project Portfolio
The Company has structured its operations around a diversified portfolio of exploration projects which includes:
- Nine Mile Brook VMS Project – A strategically positioned asset that contributes to the overall geological narrative in the region.
- California Lake VMS Project – Characterized by advanced geophysical surveys and drilling programs, it highlights the use of methods like TDEM and UAV magnetics.
- Canoe Landing Lake (East – West) VMS Project – A project designed to evaluate VMS prospects across multiple geologic terrains.
- The Wedge VMS Project – The flagship asset where multiple drilling initiatives and advanced geophysical modeling techniques such as BHEM surveys have been deployed to delineate extensive mineralized zones.
Technical Expertise and Exploration Strategies
Nine Mile Metals Ltd is known for its rigorous and methodological approach to mineral exploration. The Company has integrated multiple layers of advanced geophysical technologies, including bore hole electromagnetic (BHEM) surveys, Time Domain Electromagnetic (TDEM) studies, and UAV 3D drone magnetics to build a highly detailed subsurface model. These methods not only refine drill target identification but also ensure robust QAQC protocols through independent laboratory analyses, all of which reinforce the Company’s technical credibility and industry experience.
Operational Excellence and Industry Position
The Company maintains a disciplined approach in both its exploration programs and its operational process. By focusing on detailed geological assessments and continuous technical refinements, Nine Mile Metals Ltd positions itself as an informed explorer in the highly competitive realm of VMS mineral exploration. Its commitment to leveraging in-depth scientific analysis and innovative exploration techniques is a testament to its authoritativeness within the sector.
Exploration Methodology and QAQC Protocols
Every exploration initiative at Nine Mile Metals Ltd is underpinned by stringent quality assurance and independent verification measures. Samples undergo thorough analysis at accredited commercial laboratories using advanced procedures such as high-grade four acid analysis and fire assay techniques. This commitment to methodological rigor provides investors and stakeholders with transparency and solid confidence in the technical findings and delineation strategies employed by the Company.
Market Relevance and Critical Minerals Focus
In an era driven by the growing demands of green technology and electric vehicles, the exploration of critical minerals has become essential. Nine Mile Metals Ltd is strategically placed to contribute to this global trend by focusing on metals that are vital for modern energy solutions. Its research-driven approach ensures that the Company consistently identifies and delineates mineralized zones, thereby reinforcing its market significance in an industry where detailed geological modelling is paramount.
Summary
Overall, Nine Mile Metals Ltd stands out for its deep-rooted expertise in VMS exploration. The Company’s multi-project strategy, underscored by advanced geophysical and drilling methodologies, highlights its ability to methodically explore and interpret complex geological settings. By integrating industry best practices with innovative technologies, Nine Mile Metals Ltd provides a comprehensive and detailed outlook of its exploration initiatives, ensuring that prospective investors and industry observers have a clear, complete understanding of its operational model and technical strengths.
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.
Nine Mile Metals Ltd. has successfully drilled and confirmed a VMS system at its California Lake Project in New Brunswick. This inaugural drill program, utilizing leading-edge technology, intersected sulphides containing significant minerals such as Copper, Lead, Zinc, Silver, and Gold across an 89-meter hole. The company plans to conduct further analysis and expects to share additional results while emphasizing its innovative exploration process aimed at meeting demand for critical minerals in EV and green technologies.
VANCOUVER, British Columbia, Oct. 24, 2022 — Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) has announced the commencement of a drilling program at its California Lake VMS Project, utilizing Lantech Drilling's track-mounted rigs. This follows the initial announcement made on September 20, 2022. The company will provide further updates on drilling progress in the coming weeks.
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