Northwire Canada EditionWednesday, August 5, 2026
Northwire
SGZ 0.040 +0.0% SGML 14.89 −3.9% DEF 0.180 +9.1% UCU 3.41 −1.2% BBB 0.660 −2.9% PML 1.67 +0.6% GR 0.070 +7.7% GSKR 3.46 +5.2% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SGZ 0.040 +0.0% SGML 14.89 −3.9% DEF 0.180 +9.1% UCU 3.41 −1.2% BBB 0.660 −2.9% PML 1.67 +0.6% GR 0.070 +7.7% GSKR 3.46 +5.2% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0%
Drill Results

Nine Mile Metals samples up to 15% Cu at Wedge

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Executive Summary

  • Nine Mile Metals released certified grab‑sample assay results from the Wedge VMS project showing copper grades up to 15.00 % Cu.
  • The high‑grade copper mineralization (chalcopyrite and covellite) is confirmed by multiple surface samples collected near historic mine infrastructure.
  • Management highlighted that these results corroborate early drill core assays from the first three holes (WD‑25‑01, WD‑25‑02, WD‑25‑02B) and anticipate further positive drill outcomes.

Key Details

  • Certified assay program performed by ActLabs (Fredericton, NB) with final pulps analysis at Ancaster, ON using UT‑7 multielement peroxide total fusion (ICP‑OES+MS).
  • Over‑limit results triggered ore‑grade analysis via Code 8‑AR‑ICP‑OES; gold assayed by 30‑g fire assay + AA finish (method 1A2); silver by method 1E Ag.
  • Samples 280461–280464 returned copper grades up to 15.00 % Cu; visible covellite observed in samples 280461 and 280463.
  • Sampling locations: west of the footings for the old hoist and shaft remnants – known historic landmarks on the Wedge property.
  • QA/QC controls included insertion of standards at set intervals throughout the sample stream.
  • Gary Lohman (Director, PGeo; VP Exploration) noted mineralization is massive, fine‑grained, with pyrite and copper sulfides, matching recent drill core observations.
  • CEO Patrick J. Cruickshank emphasized that the surface grab results “simply outstanding” and reinforce the design assumptions of the current drilling program.
  • Qualified Person: Gary Lohman, PGeo (non‑independent) reviewed and approved technical content per NI 43‑101.
  • Copper equivalent calculations based on Dec 16 2025 metal prices (Cu $5.35/lb, Pb $0.88/lb, Zn $1.37/lb, Ag $67.10/oz, Au $4,337.70/oz) and an assumed 80 % metallurgical recovery for all metals.

Notable Quotes

  • Gary Lohman: “The mineralization is massive in character… Visible covellite (CuS) was locally present, adding a high‑grade component to the system.”
  • Patrick J. Cruickshank: “These results are simply outstanding… This is definitely a special copper‑rich deposit.”
Read the original news release →

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