Northwire Canada EditionSaturday, October 31, 2026
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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 Completion of DDH WD-26-01, Intersecting 129.72 Meters of Visual Mineralization and Identifies Two Massive Sulphide Zones

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

By The Northwire Desk — AI Analysis Jun 24, 2026 · 08:42 NINE · 0.08 Nine Mile Metals Ltd.
Executive Summary
  • Nine Mile Metals completed drill hole DDH WD-26-01 at the Wedge VMS Project, intersecting 129.72 meters of visual mineralization.
  • The hole identified two distinct horizons of visible copper-bearing VMS mineralization, highlighted by coarse-grained chalcopyrite throughout the interval.
  • Quick XRF analysis confirmed copper, zinc, and lead presence. Core samples are being shipped to ALS Global for certified base, precious metal, and antimony assays.
  • The company added experienced local geologist Art Hamilton to the exploration team.
  • Operational updates confirm a second drill rig arriving in early July 2026 and a track mount rig secured for September, accelerating the 2026 exploration program.
Material Impact
  • The release is a standard exploration update confirming the continuation of high-grade, multi-metal VMS mineralization at the Wedge project.
  • Results are based on visual logging and quick XRF; certified assay grades are pending.
  • The company has been systematically releasing drill results since late 2025, establishing a clear pattern of high-grade intercepts. This update is a logical continuation of that sequence.
  • No new financing, resource estimate, or strategic partnership is announced. The market has already priced in the ongoing drilling campaign and the near-term rig schedule.
  • Given the pre-revenue status and the incremental nature of the update, the immediate price impact is expected to be muted.
NINE · Price
Company Overview
  • Nine Mile Metals Ltd. is a pre-revenue junior exploration company focused on critical minerals and base metals in New Brunswick's Bathurst Mining Camp.
  • Flagship asset: Wedge VMS Project, targeting high-grade copper, gold, silver, lead, and zinc volcanogenic massive sulphide deposits.
  • Additional projects include Nine Mile Brook, California Lake, and Canoe Landing Lake.
  • The company is in the advanced exploration phase, conducting systematic drilling, geophysical surveys (BHEM), and metallurgical testing to build a resource model and advance toward a feasibility study.
Read the original news release →

More from Nine Mile Metals Ltd.

Jun 17, 2026 · 08:03

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

Drill Results May 19, 2026 · 08:01

Nine Mile Metals Mobilizes Rig for Wedge Program Amidst Dilution Concerns and Data Discrepancies

Drill Results May 05, 2026 · 08:01

Wedge Project Drill Program Continues

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