Nine Mile hits 44 m of copper at Wedge project

Executive Summary

• Nine Mile Metals Ltd. reported successful results from its 2025 drill program at the Wedge project, with all five holes targeting copper mineralization intersecting massive VMS (Cu, Pb, Zn, Ag, Au) and banded copper sulphide mineralization.
• Drill hole WD-25-05 specifically intersected 44 meters of copper mineralization, including 40 meters of mineralized felsic volcanics, confirming the presence of massive VMS mineralization in the western extension of the Wedge deposit.
• The company outlined plans for an exciting 2026 campaign, including Phase 3 drilling at Wedge, and new programs targeting the West Wedge and Tribag trends, with first assays expected immediately.

Key Details

• Drill Hole WD-25-05 Details:
  • Collared on the same pad as WD-25-01; drilled to a final depth of 275 meters.
  • Intersected massive VMS mineralization between 155.52m and 157.80m.
  • Followed by 40 meters of mineralized felsic volcanics (rhyolite) between 157.80m and 197.80m.
  • Mineralization consists of pyrite and chalcopyrite disseminations, masses, and quartz bands parallel to bedding.
  • 55 sections delivered to ALS Global for base and precious metals analysis, including antimony.
• 2025 Program Overview:
  • Total of seven drill holes completed, totaling 1,654 meters.
  • Five holes targeted copper mineralization in the western extension of the Wedge mine.
  • Two holes (BHEM-01 and BHEM-02) collared in the northwest to facilitate BHEM (borehole electromagnetic) surveying.
  • All five mineralization-targeting holes intersected massive VMS and banded copper sulphide mineralization.
  • Mineralized widths ranged between 13 and 48 meters.
• Geological Observations:
  • Graphitic shear zone in contact with VMS confirmed as a diagnostic marker horizon in the southwest.
  • Mineralized siliceous volcanics intersected in numerous holes, defining an additional mineralized sequence.
  • VMS mineralization occurs in multiple horizons (seen in WD-25-01 and WD-25-02).
  • West metal zonation shows greater concentration of chalcopyrite and pyrite with lesser galena (Pb) and sphalerite (Zn) compared to the east.
  • Local secondary copper, covellite (CuS), and bornite (Cu5FeS4) identified in holes WD-25-02 and WD-25-04.
• Future Plans:
  • New permitting underway for 2026 campaign.
  • Planned activities include Phase 3 Wedge drilling, TriBag drilling, and West Wedge drilling to test the VMS cluster trend.
  • First assays from ALS Global expected to arrive in the week of the release.

Notable Quotes

• Gary Lohman, Vice-President of Exploration: "Our Wedge drill program has been very successful, intersecting massive Cu bearing VMS where targeted in the western extension of the Wedge deposit, as designed... We have identified new drill collar locations to continue to test the Copper zone on the western extension in addition to potential locations that avoid the shear zone in the south."
• Patrick J. Cruickshank, CEO: "We are thrilled with the success of our Wedge phase 2 drill program. To have all five holes strike mineralization was more than we expected... We already have identified phase 3 drill holes and are determined more than ever to expand this deposit's footprint and expose this entire new third high-grade copper lens."