Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.21% (CuEq) Copper from the Wedge Project, Bathurst, New Brunswick

Core Viewpoint - Nine Mile Metals Ltd. has announced positive Certified Assay results for volcanogenic massive sulphide (VMS) mineralization from the Wedge VMS Project, indicating significant potential for copper and other metals in the area [1][12]. Summary by Relevant Sections Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS exploration in the Bathurst Mining Camp, New Brunswick, with a primary objective to explore four VMS Projects [12]. Assay Results - The assay results from ALS Global show high-grade copper mineralization, with notable samples including: - Sample 280366: 15.21% CuEq - Sample 280370: 9.82% CuEq - Other samples also show varying grades of copper, zinc, gold, and silver [2][14][11]. Historical Context - The Wedge mine, operational from 1962 to 1968, produced 1.5 million tonnes of predominantly copper ore, with expectations that over 60% of the deposit remains unmined [1]. Exploration Insights - The surface samples collected reflect the copper-rich nature of the Wedge, with early drill core observations being encouraging [9][10]. - The company is actively engaged in drilling and sampling, with a focus on expediting assay results [9][10]. Technical Analysis - The primary analytical method for the samples involves multi-element ICP analysis, with additional ore grade analysis triggered for overlimit results [2]. - Copper Equivalent (Cu-Eq) calculations are based on current metal prices and assume an 80% recovery rate for all metals [11].