Nine Mile samples up to 18.27% Cu at Wedge

Executive Summary

• Nine Mile Metals released high-grade XRF grab sample results from the upcoming drill area at the Wedge VMS project in the Bathurst mining camp, New Brunswick, with copper grades reaching up to 18.27%.
• The company has completed 3-D modelling and drill hole targeting in collaboration with Apex Geoscience, utilizing historic Cominco data, recent drilling, and geophysical data (UAV magnetics and BHEM) to identify high-priority targets.
• Two main zones of mineralization have been identified at the Wedge mine's western extension: a copper-rich lens and a lead/zinc-rich zone, with plans to test the unmined portions and depth extensions below 150 meters.

Key Details

• XRF Sample Results: Grab samples collected from the coming drill area showed massive VMS (copper-lead-zinc) mineralization. Samples were predominantly copper-rich with minor lead/zinc, consisting of over 90% sulphides.
• High-Grade Intercepts: Specific samples (280370 and 280375) collected near proposed drill holes 25WG-01 and 25WD-02 demonstrated massive high-grade copper sulphide mineralization, with grades up to 18.27% Copper.
• Historical Context: The Wedge mine was operated by Cominco from 1962 to 1968, producing 1.5 million tonnes of predominantly copper ore. Only the upper portion was mined before closure; the lower 60%+ is believed to remain untouched.
• Modelling and Targeting:
  • Mike Dufresne (Apex Geoscience) joined the technical advisory committee to facilitate 3-D modelling.
  • Data integrated included all historic drill holes/assays, recent Nine Mile drilling, UAV magnetics, BHEM data from EarthEx Geophysical Solutions, and reprocessed MegaTEM conductivity interpretations.
  • Target 2 focuses on the unmined western extension, targeting a copper-rich lens and depth extensions below 150 meters (mineralization extends to at least 300 meters).
  • Target 3 involves designing drill holes to test seven modelled TDEM conductivity plates adjacent to the Tribag VMS occurrence.
• Previous Drilling Success: The current program builds on last year's eastern extension successes, which included eight VMS drill holes yielding 136.31 meters of 0.68% copper equivalent, including 40 meters of 2.03% copper equivalent (from March 26, 2024 release).
• Next Steps: Final geochemical analysis of samples is being conducted by ALS Global in Vancouver, B.C. The team is preparing to drill the western extension now that provincial fire bans have been lifted.

Notable Quotes

• Gary Lohman, Vice-President, Exploration: "With the assistance of Apex, two main zones of mineralization have been identified, one copper rich and another primarily lead/zinc. Targeting has been refined by leveraging the extensive geological and geophysical data... allowing us to prioritize copper mineralization in the upcoming program. This western extension area is the high-grade section of the deposit focused on the copper-rich lens. These massive sulphide samples clearly demonstrate the potential of this untapped area at depth."