NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) is pleased to announce the ALS Global Labs certified assay results for VMS target holes CL2208 and CL2211 at its initial Phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick.
|Section||From (m)||To (m)||Width (m)||Cu %||Pb (%)||Zn (%)||(Pb + Zn) %||Ag (g/t)||Au (g/t)|
|Section||From (m)||To (m)||Width (m)||Cu (%)||Pb (%)||Zn (%)||(Pb + Zn) %||Ag (g/t)||Au (g/t)|
Patrick J Cruickshank, MBA, CEO & Director stated, “As these assays display, we are pleased to announce that the widths on these holes clearly demonstrate a good system was identified here at eastern flank of our California Lake VMS Project. To have a 10.90m mineralized finger system with these results, only 50m below surface, is extraordinary. We are also highly encouraged by the Ag & Au results in this system and are highly motivated for the 2023 follow up program with our advanced proprietary technical systems. We are concentrating now on a designed program to explore the entire 1.5km long target feature to identify the source at depth.”
The Pb, Zn mineralization suggests that initial deposition occurred along the flanks of a VMS system where Pb / Zn is typically dominant. Subsequent shearing and structural activity have dislocated the mineralization however the dense sulphides remain intact having generally hard contacts with the surrounding sediments. Individual mineralized widths within the 10-meter section can be greater than 3 meters. Pyrite mineralization is also present within the sediments.
“Drill Holes CL2208 and CL2211 continue to demonstrate the potential along the 1.5-kilometer geophysical trend defined by EarthEx Geophysical Solutions Inc. from the reprocessed regional MegaTEM data. The intersections to date are robust and typical of the Bathurst Mining Camp. Local higher-grade Au and Ag intersections are encouraging in this portion of the BMC. The team is looking forward to advancing the program in 2023,” stated Gary Lohman, B.Sc., P. Geo., Director, VP Exploration.
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., P. Geo., Director, VP Exploration 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 world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Mineral Exploration (CME) positioning for the technology boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
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We acknowledge the [financial] support of the Government of Canada.