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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Nine Mile Metals Announces a Summary of the Fall 2025 Drill Program at the Wedge Mine and Announces a 10,000m Spring Drill Program

Wedge Project Drill Program Continues

By The Northwire Desk — AI Analysis May 05, 2026 · 08:01 NINE · 0.06 Nine Mile Metals Ltd.
Executive Summary
  • Nine Mile Metals released certified assay results from its Fall 2025 drill program at the Wedge Mine, completing five holes totaling 1,654 meters.
  • Discovery of a new high-grade copper-rich VMS lens identified in hole WD-25-2B, causing termination due to water loss.
  • Significant intercepts include 2.5m @ 61.57 g/t Ag, 3.09% Cu (WD-25-02) and 22.65m @ 39.52 g/t Ag (WD-25-01).
  • Company announced a new 10,000-meter Spring Drill Program targeting Wedge Mine, Tribag - West Wedge, and California Lake East Target #6.
  • Permits received for the spring program; drill rigs ordered and committed with launch expected end of May/first week of June.
  • Borehole Electromagnetic (BHEM) surveying scheduled to expand targeting at depth and to the west.
Material Impact
  • The news confirms continued high-grade mineralization but is largely incremental relative to previous announcements in Feb-March 2026 which showed similar grades.
  • Market reaction has been muted; stock price dropped from a peak of $0.25 in January 2026 to current levels around $0.06 despite consistent positive drill results over the last six months.
  • The announcement of the 10,000m program was anticipated following the April 2026 financing ($1M) which earmarked proceeds for exploration.
  • No NI 43-101 resource estimate or Preliminary Economic Assessment (PEA) has been released to date; current news remains in the exploration phase rather than development/valuation phase.
  • The divergence between positive technical results and negative price action suggests investor skepticism regarding economic viability without a defined resource, classifying this as Routine - Positive rather than Material.
NINE · Price
Company Overview
  • Company: Nine Mile Metals Ltd., listed on the Canadian Securities Exchange (CSE).
  • Flagship Project: Wedge VMS Project located in the Bathurst Mining Camp, New Brunswick.
  • Project Scope: 35.83 km² covering Wedge Mine, West Wedge, and Tribag targets along an 8 km exploration trend.
  • Mineralization Type: Volcanogenic Massive Sulphide (VMS) with Copper, Lead, Zinc, Silver, Gold, and Antimony.
  • Historical Context: Historic mine operated 1962-1968 producing ~1.5 Mt copper ore; company is re-evaluating residuals and extensions.
  • Current Status: Exploration phase; drilling ongoing to expand mineralized footprint and test depth extensions (>300m).
Read the original news release →

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Jun 24, 2026 · 08:42

Sequential high-grade VMS intercepts at Wedge sustain exploration momentum, but pre-revenue status and going-concern warning limit near-term catalysts.

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Drill Results Apr 22, 2026 · 17:01

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Financings Apr 02, 2026 · 08:02

Nine Mile Metals Announces Certified Assays from DDH-WD-25-2B of 3.17% CuEq Over 15.00 Meters (7.47 g/t Ag, 0.21 g/t Au, 2.36 % Cu, 0.35% Pb, 1.29% Zn) Including 5.99% CuEq Over 6.84 Meters (14.50 g/t Ag, 0.34 g/t Au, 4.47% Cu, 0.75% Pb 2.58% Zn)

Drill Results