Nine Mile Metals Announces Completion of DDH WD-25-04, Confirming 40m of Mineralization at Depth
NineNine(US:NINE) TMX Newsfile·2026-01-22 13:00

Core Viewpoint - Nine Mile Metals Ltd. has successfully completed its 4th drill hole (DDH-WD-25-04) in the Wedge Western Extension Drill Program, indicating significant copper-bearing mineralization [1][4][13]. Group 1: Drill Program Details - The drill hole was completed to a depth of 239 meters, intersecting 40 meters of mineralization starting at 158 meters [4]. - The mineralization includes secondary copper minerals such as Covellite and Bornite, confirming a significant copper-bearing system [4][9]. - The drill hole encountered a sequence of sheared silicified volcanics with varying amounts of copper-bearing sulphides, with sulphide volume increasing to 50-60% at 183 meters [4][9]. Group 2: Company Statements and Future Plans - Gary Lohman, VP Exploration, noted the ongoing success of the drilling program, with significant mineralization appearing in multiple holes [9]. - Patrick J Cruickshank, CEO, highlighted the successful intersection of mineralization in the 4th drill hole and the groundwork being laid for the second phase of the Wedge program [13][14]. - The company has secured financing for an extensive exploration program in 2026-2027 across all four projects, reducing dilution risk for shareholders [14]. Group 3: Technical and Regulatory Compliance - All drill core has been measured, logged, and sampled, with 57 samples sent for analysis to ALS Global [18]. - The technical information disclosed complies with Canadian regulatory requirements under National Instrument 43-101 [19]. Group 4: Company Overview - Nine Mile Metals Ltd. is focused on VMS exploration in the Bathurst Mining Camp, New Brunswick, with a strategic emphasis on critical minerals for EV and green technologies [20].

Nine Mile Metals Announces Completion of DDH WD-25-04, Confirming 40m of Mineralization at Depth - Reportify