Nine Mile completes second drill hole in Wedge program

Executive Summary

• Nine Mile Metals completed the second drill hole (DDH-WD-25-02) of its Wedge western extension program, confirming two distinct zones of copper-rich volcanogenic massive sulphide (VMS) mineralization.
• The hole intersected massive copper-bearing sulphides at 139 meters and a second zone at 155 meters, with an approximate true width of 20 meters, extending the mineralized zone approximately 50 meters west of the previous hole (WD-25-01).
• The company is proceeding with the third hole (DDH-WD-25-02B) and plans to model a third potential zone of mineralization on the western flank while avoiding a sheer zone from the south.

Key Details

• Drill Hole ID: DDH-WD-25-02
• Collar Location: Same drill pad as DDH-WD-25-01.
• Drill Parameters: Azimuth of 310 degrees; dip of minus 50 degrees.
• Total Depth: 203 meters.
• Mineralization Zone 1: Intersected at 139 meters depth; associated with contact breccia; massive copper-bearing sulphides (VMS: Cu-Pb-Zn-Ag-Au).
• Mineralization Zone 2: Intersected at 155 meters depth; massive copper-bearing sulphides (VMS: Cu-Pb-Zn-Ag-Au); approximate true width of 20 meters.
• Mineralogy:
  • Chalcopyrite (CuFeS2) observed as masses, streaks, and blebs.
  • Local Pb-Zn mineralization well-banded with sphalerite (Zn) as the dominant sulphide.
  • Bornite (Cu5FeS4) present, displaying characteristic "purple peacock copper bloom."
  • Covellite (CuS) present, displaying "blue copper."
• Sampling and Analysis:
  • All core measured, logged, photographed, marked, and cut at the Bathurst, N.B. warehouse.
  • Quick XRF analysis completed for sulphide confirmation and width identification.
  • 55 sections identified for base and precious metals analysis (including antimony) to be sent to Actlabs in Fredericton, B.C.
• Future Plans:
  • Current hole DDH-WD-25-02B is in progress.
  • Mike Dufresne of Apex Geoscience is modeling a third potential zone of mineralization.
  • Future drilling will target the western flank area to avoid a sheer zone from the south.
  • Next update expected shortly.

Notable Quotes

• Gary Lohman, Vice-President of Exploration: "We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich -- very positive to confirm the thickness of this plate intersection as we stepped approximately 50 m west of DDH-WD-25-01."
• Patrick J. Cruickshank, CEO: "Once again, we have intersected quality mineralization at the desired target plates at DDH-25-02, as designed and set out by our technical team. The visible mineralization and copper-rich sulphides is just spectacular... We are on track to increase the Wedge mine's mineralized footprint to the west and at depth."