- DDHWD-25-04 was secured to the same drilling rig as WD-25-01 and drilled at an azimuth of 335 degrees and an inclination of -60 degrees to a final depth of 239 meters to extend mineralization in WD-25-01 at depth.
- DDHWD-25-04 was successful, with 40 meters of mineralization, first intersected at 158 meters and continuing to approximately 198 metres. Once again, secondary copper, both Covellite and Bornite, was present in the hole.
- At 158 meters altitude, copper-bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) were found in contact with sheared, graphitic sediments.
- Between 162.0 and 183 meters the borehole intersected a series of sheared silicified volcanics (rhyolite) with parallel bands of 5 – 8% sulphides, including pyrite and chalcopyrite.
- At 183 meters the volume of sulphides increases to 50-60% with visible pyrite and chalcopyrite, the contrast in mineralization styles shown in Figure 1, with the chalcopyrite occurring as both mineralized bands and as distributions Figure 3.
- Borehole sulphide mineralization occurs in silicified volcanoes, degrading the base of the section before transitioning to sediments.
FIGURE 1: Cu-bearing VMS mineralization.
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FIGURE 2: Chalcopyrite (CuFeS2) and Covellite (CuS) mineralization.
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Gary Lohman, VP Exploration, Director, stated: “Drilling continues to intersect massive to semi-massive copper-bearing mineralization in the western part of the Wedge. The mineralized fractured rhyolite encountered in the drill hole is significant and now appears in numerous holes with variable amounts of Cu-bearing sulphides. Again, the presence of Covellite +/- Bornite confirms the presence of a significant Cu bearing system. When modeled, this device will assist in targeting future drill holes as it generally is flanked by massive VMS.”
FIGURE 3: Chalcopyrite occurs in both mineralized bands and distributions (top), VMS mineralization (bottom).
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Patrick J Cruickshank, CEO and Director, said: “The successes of our drill program continue with this 40 meter intersection of mineralization in this 4th drill hole WD-25-04. This is the 4th hole of a planned 7 designed by our engineering team led by Mike Dufresne and Gary Lohman. The program successes to date demonstrate the hard work of all the 3D modeling of historical data, new geophysical work by our team and most importantly, our compilation, interpretation and hours of consultations with experts such as Jim Walker, PhD, from the ever-supportive NB DEM team in Bathurst. Our team is already laying the groundwork for the second phase of the Wedge Program and the Tribag, West Wedge Program for this spring, testing this series of anomalies stretching over 6km west of our Wedge Deposit. dilution risk to our shareholders is reduced. We look forward to continuing to update our shareholders on the completion of this program and the release of our certified tests.
FIGURE 4: Gray silicified rhyolite, a major mineralization source in the VMS system in the BMC.
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FIGURE 5: Borehole location, WD-25-04
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All drill cores were measured, recorded, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A rapid XRF analysis was also completed for sulfide confirmation – filtering and width identification in sampling core definition for ALS Global. A total of (57) samples have been identified for analysis of base and precious metals, including antimony, and have been sent to ALSGlobal, Moncton, New Brunswick for expedited processing.
The disclosure of technical information in this press release has been prepared in accordance with Canadian regulatory requirements 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., PGO., VP Exploration and Director, who is acting 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 the exploration of VMS (Cu, Pb, Zn, Ag and Au) at the world-famous Bathurst Mining Camp, New Brunswick, Canada. The company’s primary business objective is to explore the four VMS projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project and the Canoe Landing Lake (East – West) VMS Project. The company focuses on Critical Minerals Exploration (CME), positioning itself for the boom in EV and green technologies requiring copper, silver, lead and zinc, with a hedge with gold.
ON BEHALF OF NINE MILE METALS LTD.,
“Patrick J Cruickshank, MBA”
CEO and director
T: +1.506-800-0581
E: info@ninemilemetals.com
This press release may contain forward-looking information within the meaning of Canadian securities laws, relating to Nine Mile’s business. Forward-looking information is based on certain material expectations and assumptions of Nine Mile’s management. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to the commencement of the 2023 exploration drill program, surface soils will be mapped and representative samples will be analyzed to determine base and precious metal test values, (b) Ag and Au values will be reported upon receipt of certified test results from ALS Global, and (c) our current financial returns will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as Nine Mile can give no assurance that they will prove to be correct.
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