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ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2%
Drill Results

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

By The Northwire Desk — AI Analysis Dec 17, 2025 · 08:02 NINE · 0.225 Nine Mile Metals Ltd.
NINE · Price

Executive Summary

  • Nine Mile Metals released certified assay results from surface grab samples at the Wedge VMS Project, showing high‑grade copper‑equivalent values up to 15.21% CuEq.
  • Multiple samples exhibit strong multi‑metal grades (Cu, Pb, Zn, Au, Ag), confirming the copper‑rich nature of the deposit and supporting the potential for a sizable economic resource.
  • The company plans to continue drilling and expects forthcoming drill results to further define the mineralization’s extent and economics.

Key Details

  • Assay Highlights – Representative samples:
  • Sample 280366: 13.65% Cu, 0.088% Pb, 0.082% Zn, 0.826 g/t Au, 32 g/t Ag → 15.21% CuEq.
  • Sample 280370: 9.25% Cu, 0.067% Pb, 1.04% Zn, 0.126 g/t Au, 8 g/t Ag → 9.82% CuEq.

  • Additional samples show CuEq ranging from 1.04% to 11.28%.

  • Analytical Methodology – Multi‑element ICP (ME‑ICP61a) with over‑limit triggers for ore‑grade analysis (ME‑OG62, Cu‑OG62); gold analyzed by 30 g fire assay with AA finish; QA/QC via inserted standards.

  • Location & Context – Samples collected west of the historic hoist footings and shaft remains in the pre‑drill area of the Wedge mine (operated 1962‑68, produced ~1.5 Mt copper ore).

  • Qualified Person – Gary Lohman, P.Geo., VP Exploration, reviewed and approved technical content per NI 43‑101.

  • Pricing Assumptions for CuEq Calculation (as of 16 Dec 2025):

  • Cu $5.35/lb, Pb $0.88/lb, Zn $1.38/lb, Ag $63.97/oz, Au $4,333.15/oz; 80% metallurgical recoveries assumed for all metals.

  • Management Commentary –

  • Gary Lohman: “The surface samples reflect the copper‑rich nature of Wedge… early drill observations are encouraging.”

  • Patrick J. Cruickshank (CEO): “These grades indicate high asset quality and strong economic potential; we are accelerating drilling to feed results into the pipeline.”

  • Future Plans – Completion of DDH #3 summary pending; additional drilling scheduled for the season, with results to be announced promptly.

Notable Quotes

“The grade of these samples in our drill area is highly indicative of the quality of the asset and the potential of the economics of this mine.” – Patrick J. Cruickshank, CEO & Director

Materiality Assessment: Material – Positive (the high‑grade assay results materially enhance the company's exploration outlook and could impact valuation).

Read the original news release →

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