Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Nine Mile Metals Announces Completion of DDH WD-26-02,Intersecting 234.15 Meters of Visual Mineralization and Discovers a New Copper Rich VMS Horizon at the Wedge Mine

Nine Mile Metals extends Wedge VMS footprint with 234m intercept, but cash burn and going-concern warning temper near-term upside.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 08:03 NINE · 0.075 Nine Mile Metals Ltd.
Executive Summary
  • Nine Mile Metals completed drill hole DDH WD-26-02 at its Wedge VMS Project, intersecting 234.15 meters of base metal sulphide mineralization between 39.20 m and 273.35 m.
  • The hole identified two distinct horizons, including a new copper-rich lower zone at depth (204.60–222.30 m) with a true width of 17.70 m containing 70% sulphides and visible chalcopyrite, pyrite, galena, and sphalerite.
  • Independent geologists from Apex Geoscience reviewed the core and recommended additional drilling on the North flank to refine 3D modeling ahead of an upcoming NI 43-101 technical report.
  • Core has been logged, photographed, and marked for sampling, with quick XRF confirming base metal presence. Samples are being shipped to ALS Global for certified base, precious metal, and antimony assays.
Material Impact
  • The 234.15-meter intercept significantly extends the known strike and depth of the Wedge VMS system, confirming a robust, continuous mineralized envelope.
  • The discovery of a new lower copper-rich horizon adds vertical dimension to the deposit, which is critical for expanding the resource model and supporting the upcoming NI 43-101 report.
  • The results align with the company's stated Phase 3/4 drilling objectives to test western extensions and depth targets.
  • While geologically significant, this is a standard exploration update within a pre-planned 10,000-meter program. It does not constitute a new discovery, a resource estimate, or a financing event.
NINE · Price
Company Overview
  • Nine Mile Metals is a pre-revenue junior exploration company focused on critical minerals in New Brunswick’s Bathurst Mining Camp.
  • Flagship asset: Wedge VMS Project, a historic copper mine (1962–1968) with a 35.83 km² land package covering the Wedge Mine, West Wedge, and TriBag targets.
  • The company is advancing a multi-phase drilling program to expand the mineralized footprint, test depth extensions, and prepare for a NI 43-101 technical report.
  • Additional projects include Nine Mile Brook (high-grade Cu lens undergoing bulk sample metallurgical testing with SGS and Glencore) and California Lake.
Read the original news release →

More from Nine Mile Metals Ltd.

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

Nine Mile Metals Raises Capital at Premium to Market Amidst 70% Correction, Signaling Liquidity Stress

Financings Apr 15, 2026 · 17:01

Nine Mile Metals Raises Cash Amidst Valuation Disconnect and Accelerated Burn Rate

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