Nine Mile assays up to 15.21% CuEq from Wedge

Executive Summary

• Nine Mile Metals Ltd. announced certified high-grade assay results from surface samples collected in the Predrill area of its Wedge VMS project in the Bathurst mining camp, New Brunswick.
• Assays returned copper grades up to 15.21% (CUEQ), confirming the copper-rich nature of the mineralization and supporting the potential for significant economic value.
• The company highlighted that only the upper portion of the historical Wedge mine was mined, with expectations that the lower 60% remains untouched and extends at depth.

Key Details

• Assay Results: Certified surface samples from the Predrill area returned copper grades up to 15.21% (CUEQ).
• Sample Characteristics: Samples were described as massive in character, fine-grained, with basic Fe and Cu sulphide mineralogy, similar to sections seen in recent drilling (specifically drill hole WD-25-02).
• Historical Context: The Wedge mine was operated by Cominco between 1962 and 1968, producing 1.5 million tonnes of predominantly copper ore. Closure occurred due to a crown pillar collapse, leaving the lower 60% of the deposit potentially untouched.
• 3D Modelling: Recent drill testing and 3D modelling suggest the deposit extends at depth.
• Laboratory Analysis: Samples were prepared by ALS Global in Moncton, N.B., with final analysis of pulps conducted in Vancouver, B.C.
• Analytical Methods:
  • Primary method: Multielement ICP analysis (ME-ICP61a).
  • Overlimit ore grade analysis: ME-OG62 and Cu-OG62.
  • Gold analysis: 30-gram fire assay and AA finish.
• Upcoming Updates: The company is currently completing the summary of DDH No. 3 and plans to announce findings expeditiously.

Notable Quotes

• Gary Lohman, Director, PGeo, Vice-President, Exploration: "The surface samples collected along the western portion of Wedge reflects the copper-rich nature of the Wedge. These samples were massive in character, fine grained, with basic Fe and Cu sulphide mineralogy like sections seen in recent drilling... Early observations of drill core are encouraging, and we look forward to the reporting the drill results as soon as available from ALS Global."
• Patrick J. Cruickshank, CEO and Director: "The grade of these samples in our drill area is highly indicative of the quality of the asset and the potential of the economics of this mine. Our technology indicates that this asset is much bigger and potentially part of a regional clustering of the massive sulphides targets."