Nine Mile Metals completes hole WD-25-02B at Wedge

Executive Summary

• Nine Mile Metals completed the third drill hole (DDH-WD-25-02B) of its Wedge Western extension program, confirming a significant zone of massive copper-rich volcanogenic massive sulphide (VMS) mineralization.
• The drill hole intersected 66 meters of mineralization, terminating in massive copper-bearing sulphides at a depth of 122 meters, effectively expanding the known mineralized footprint to the west.
• The company plans to initiate a new drill hole in Phase 2 of 2026 from the opposite side of the fault zone to test the thickness and extent of the high-grade copper zone.

Key Details

• Drill Hole ID: DDH-WD-25-02B
• Location: Approximately 60 metres northwest of DDH-WD-25-01 at the Wedge Project.
• Drill Parameters: Collared at an azimuth of 325 degrees and a dip of minus 50 degrees; final depth of 122 metres.
• Mineralization Intercept:
  • Massive copper-bearing sulphides (VMS: Cu/Pb/Zn/Ag/Au) identified at 56.4 metres depth.
  • Mineralization continued to the total depth of 122 metres.
  • Total interval of mineralization: 66 metres (from 56.4m to 122m).
  • Mineralization occurred in both sediments and volcanics, terminating in massive copper-bearing sulphides with visible chalcopyrite (CuFeS2).
• Drilling Termination: Hole terminated at 122 metres due to downhole ground conditions (sand seams and gouge) in a fault zone while drilling through the massive copper zone.
• Sampling Strategy:
  • Sample sections between 53.0 and 122.0 metres were primarily three metres in length.
  • Smaller sample widths were cut where appropriate.
  • Quick XRF analysis confirmed high copper presence.
  • 27 three-metre sections identified for base and precious metals analysis (including antimony).
  • Samples shipped to ALS Global in Moncton, N.B., for processing.
• Future Plans: A new drill hole is being designed to be initiated from the other side of the fault zone in Phase 2 in 2026, pending permits.

Notable Quotes

• Gary Lohman, Vice-President, Exploration: "Drilling continues to intersect massive copper-bearing mineralization in the western portion of the Wedge. The style of the mineralization varies from massive VMS (Cu/Pb/Zn/Ag/Au) to sequences of intercalated volcanics and VMS bands. XRF analysis has confirmed the high presence of copper, and we look forward to obtaining the permits required to drill this high-grade zone from the other side of the fault zone in the spring drill phase. The mineralization just continues to impress."
• Patrick J. Cruickshank, CEO: "Our third drill hole, WD-25-02B, continues to demonstrate the high-quality mineralization at this deposit and now we are testing the depth on the western flank of the targets. The samples clearly confirm multiple copper-rich zones, and we are systematically drilling the area to help identify the size and scale of this body. We look forward to revisiting this area of the target plate in our next phase of drilling as we were just entering a very impressive high-grade copper zone."