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Nine Mile Metals Intersects 44 Meters of Copper Mineralization and Provides Drill Program Update
TMX Newsfile· 2026-02-10 13:00
Core Insights - Nine Mile Metals Ltd. has successfully completed its 2025 drill program at the Wedge Project, with all five drill holes targeting copper mineralization intersecting significant VMS (Cu, Pb, Zn, Ag, Au) mineralization [1][9][10] Drill Hole Details - Drill hole WD-25-05 intersected massive VMS mineralization between 155.52 - 157.80 meters, followed by 40 meters of mineralized felsic volcanics from 157.80 to 197.80 meters [7][10] - The program included a total of 7 drill holes, totaling 1,654 meters, with five holes specifically targeting copper mineralization in the western extension of the Wedge Mine [8][9] Geological Observations - The mineralization consisted of abundant pyrite and lesser chalcopyrite, sphalerite, and galena, with local occurrences of covellite and bornite identified in some drill holes [11][12] - The western extension shows a different metal zonation compared to the eastern drill holes, with a higher concentration of chalcopyrite and pyrite [12][18] Future Plans - The company has identified new drill collar locations for further testing of the Copper Zone in the western extension and is preparing for a 2026 drilling campaign, including the West Wedge and Tribag Target Trend programs [5][12] - BHEM surveys are planned to assist in modeling the deposit and targeting additional drilling [5][9] 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 required for EV and green technologies [16]
Nine Mile Metals Announces Completion of DDH WD-25-04, Confirming 40m of Mineralization at Depth
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 Closing of LIFE Offering
TMX Newsfile· 2026-01-21 22:00
Core Viewpoint - Nine Mile Metals Ltd. has successfully closed a private placement, raising gross proceeds of $4,631,250 through the issuance of 24,374,997 units at a price of $0.19 per unit, indicating strong investor interest and an oversubscribed offering [1][3]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.30 for two years [2]. - The company has also received over $1 million from the exercise of warrants in recent weeks, positioning it strongly for growth over the next 24 months [3]. Use of Proceeds - The proceeds from the offering will be allocated towards exploration activities and related expenses on critical minerals projects in the Bathurst Mining Camp, as well as general and administrative obligations [6]. Finder's Fees - In connection with the offering, the company paid finder’s fees totaling $279,667.52 and issued 1,471,934 finders warrants, which are also exercisable for two years at a price of $0.19 [5]. Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, with a strategic emphasis on minerals essential for technology and green technologies [8].
Nine Mile Metals Announces Upsizing of LIFE Offering
TMX Newsfile· 2026-01-13 22:00
Core Viewpoint - Nine Mile Metals Ltd. has increased its financing offering from gross proceeds of up to $4 million to $6.2 million due to strong investor demand [1] Financing Details - Each Unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at a price of $0.30 for two years [1] - The offering will be available to purchasers in all Canadian provinces except Quebec, under the listed issuer financing exemption [2] - The expected closing date for the offering is around January 19, 2026, subject to regulatory approvals [3] Finder's Fees - The company may pay finder's fees of 8% of the gross proceeds in cash and issue finder warrants equal to 8% of the number of Units sold [4] - Each Finders Warrant will allow the purchase of one additional Unit at a price of $0.19 for two years, subject to a four-month hold period [4] Warrant Expiry Acceleration - If the daily volume-weighted average trading price of the common shares reaches or exceeds $0.50 for ten consecutive trading days, the company may accelerate the expiry date of the warrants with a 30-day notice [5] Use of Proceeds - Proceeds from the offering will be allocated for exploration activities and related expenses on critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [6] Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada, with a primary objective to explore four VMS projects [9]
Nine Mile Metals Announces Private Placement of up to $4 Million
TMX Newsfile· 2026-01-05 21:15
Core Viewpoint - Nine Mile Metals Ltd. is conducting a private placement to raise up to $4,000,000 through the issuance of up to 21,052,632 units at a price of $0.19 per unit [1][4]. Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable into one common share at a price of $0.30 for two years [2]. - The offering is expected to close around January 13, 2026, subject to regulatory approvals [4]. - The company may pay finder's fees of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [5]. Regulatory Compliance - The units will be offered to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [3]. - Units issued under this exemption will not be subject to a hold period under Canadian securities laws [3]. Use of Proceeds - Proceeds from the offering will be allocated to exploration activities and related expenses for critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [7]. Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada [10]. - The company aims to explore four VMS projects and is positioning itself for the demand in EV and green technologies that require copper, silver, lead, and zinc [10].
Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.00% Copper from the Wedge Project, Bathurst, New Brunswick
TMX Newsfile· 2025-12-29 13:00
Core Viewpoint - Nine Mile Metals Ltd. has announced positive Certified Assay results for volcanogenic massive sulphide (VMS) mineralization from the Wedge VMS Project in New Brunswick, Canada, indicating high-grade copper mineralization [1][3]. Assay Results - The assay results from various samples show significant copper (Cu) grades, with sample 280462 reporting 15.37% Cu Equivalent (Cu-Eq) and sample 280460 showing 16.64% Cu-Eq [2][15]. - Other notable samples include 280461 with 14.49% Cu-Eq and 280464 with 14.60% Cu-Eq, indicating a consistent presence of high-grade copper sulphide mineralization [3][5][11]. Mineralization Characteristics - The mineralization is characterized as massive and fine-grained, primarily consisting of chalcopyrite and covellite, which adds a high-grade component to the system [3][13]. - The samples were collected from a well-known area near historical mining landmarks, suggesting a promising exploration potential [3][13]. Company Overview - Nine Mile Metals Ltd. is focused on VMS exploration in the Bathurst Mining Camp, with a strategic emphasis on minerals essential for technology and green energy, including copper, silver, lead, and zinc [16]. - The company aims to leverage the growing demand for these metals, particularly in the context of electric vehicles and green technologies [16].
Nine Mile Metals Announces Certified High-Grade Assay Results up to 15.21% (CuEq) Copper from the Wedge Project, Bathurst, New Brunswick
TMX Newsfile· 2025-12-17 13:00
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].
Nine Mile Metals Announces Completion of DDH WD-25-01 and Confirms Two Zones of VMS Mineralization at the Wedge Project
Newsfile· 2025-11-26 15:04
Core Insights - Nine Mile Metals Ltd. has successfully completed its first drill hole (DDH-WD-25-01) in the Wedge Western Extension Drill Program, confirming two zones of VMS mineralization [1][4][9] - The first drill hole intersected approximately 22.40 meters of massive copper-bearing sulphides, indicating significant mineralization potential [4][9] - The second drill hole (DDH-WD-25-02) is currently in progress, aimed at extending the mineralized zone further west [1][4][9] Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [10] - The company is actively exploring four VMS projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and Canoe Landing Lake VMS Project [10] - The company is positioning itself for growth in critical minerals exploration, particularly in response to the increasing demand for copper, silver, lead, and zinc in EV and green technologies [10]
Nine Mile Metals Announces Phase 3 XRF High-Grade Results up to 26.14% Copper with 1.03% Antimony from the Upper Pre Drill Area at the Wedge Copper - Gold Project, BMC, NB
Newsfile· 2025-11-05 13:15
Core Insights - Nine Mile Metals Ltd. announced high-grade results from Phase 3 XRF sampling at the Wedge Copper-Gold Project, with copper grades reaching up to 26.14% and antimony at 1.03% [1][4][11] Summary by Category Project Overview - The Wedge Copper-Gold Project is located in the Bathurst Mining Camp, New Brunswick, Canada, focusing on Volcanogenic Massive Sulphide (VMS) mineralization [1][15] - The recent sampling involved 18 ore samples from the northwestern drill area, with 9 samples showing copper grades of 14.22% or higher [4][11] Sample Results - Sample 280461 recorded the highest copper grade at 26.14% and 1.03% antimony, with visible covellite present [4][7][11] - Other notable samples include 280463 with 18.09% copper and 280462 with 15.57% copper [6][9][11] - The results indicate a robust nature of copper mineralization, with additional samples demonstrating high grades [13] Technical Analysis - The XRF results were analyzed using a portable X-Ray Fluorescence instrument, with samples sent to Actlabs for certified assays [13] - The presence of covellite (CuS) in select samples contributed to the high copper grades observed [11][13] - The exploration strategy includes drilling to test identified copper-rich lenses and unexplored depths below 150 meters [13] Future Plans - The company plans to report on the first drill hole results following the completion of the current exploration program [11][13] - Continued exploration efforts are aimed at further defining the mineralization potential of the Wedge Project and its extensions [15]
Nine Mile Metals Announces Drill Rig Mobilization for the Wedge Copper - Gold Drill Program
Newsfile· 2025-11-03 13:15
Core Viewpoint - Nine Mile Metals Ltd. has announced the mobilization of a drill rig for the Wedge Copper-Gold drill program, aiming to expand the mineralized footprint of the deposit and test new geological models at depth [1][2]. Group 1: Drill Program Details - The upcoming drill program will focus on the western extension of the Wedge deposit, with plans to drill up to seven holes, including five in the Upper Zone and two in the Lower Zone [2]. - The objective is to determine the depth of mineralization in a higher-grade Copper Lens and to prove a larger western footprint, thereby adding new tonnage to the deposit model [2][7]. - The drill rig, a YS2000 Skid Mounted Drill Rig, is expected to arrive on-site in Bathurst on November 10, 2025, after servicing and winterization [1]. Group 2: Company Background - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [9]. - The company is concentrating on Critical Minerals Exploration (CME) to align with the growing demand for copper, silver, lead, and zinc in EV and green technologies, while also maintaining a hedge with gold [9]. Group 3: Drilling Partner Information - Orbit Garant Drilling, the company providing the drill rig, is one of Canada's largest drilling companies, offering both underground and surface drilling services [4][6]. - Orbit Garant is ECOLOGO accredited, recognized for its responsible environmental and social best practices in mineral exploration services [4].