Vancouver, British Columbia–(Newsfile Corp. – July 15, 2022) – NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the certified ALS Global lab assay results for Hole NM220006, at the Company’s initial Stage 1 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”).
“The certified assays received from ALS Global on Hole #NM220006, continue to reflect the spectacular mineralogy observed in the drill target. I am very pleased to see numerous assay intervals greater than 20% combined Pb/Zn in addition to exceptional Ag and Au values. The geophysical team has arrived on site and will commence the Borehole Electro-Magnetic (BHEM) survey today.”G. Lohman, B.Sc., P.Geo., Nine Mile Technical Committee
The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the Company’s Qualified Person, a member of Nine Mile’s Technical Advisory Committee, and is not independent of the Company.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
About The Nine Mile Brook Project
The Nine Mile Brook property is 25.13 km2 in size and located 10 kilometers southwest of the historic Brunswick 12 mine, one of the largest underground zinc mines in the world. Operating for 49 years, the Brunswick 12 is classified as a Supergiant, the geological reserves estimated at 335 Mt with production totaling 137 million tons grading 8.74% Zn, 3.44% Pb, 0.37% Cu, and 102 g/t Ag from 1964-2013.
At Nine Mile Brook, (3) VMS High-Grade mineral occurrences are present:
- Willett Horizon VMS occurrence North of the Lens
- High-Grade Nine Mile Brook VMS Lens
- Assays Certified to (38.18% (Pb-Zn) 7.527% (Cu) 14.5 oz (Ag) & 2.894 g/t (Au).
Hosting the Nine Mile Brook mineralization is the California Lake Group of rocks, one of the key units known to host VMS deposits in the BMC including Trevali Mining Corporations producing Caribou mine.
Typically, a VMS deposit consists of a series of mineralized lenses of varying sizes and orientation. At the Caribou Mine, the mineralization is composed of 7 en-echelon lenses zoned mineralogically from a copper rich (vent complex) near the bottom and western part of each lens to lead-zinc rich vent distal bedded sulphides near the top and eastern part of each lens.
ON BEHALF OF NINE MILE METALS LTD.
CEO, President, Director & Secretary
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile.
In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the geophysical team has arrived on site and will commence the Borehole Electro-Magnetic (BHEM) survey today.
Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Original Link: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2834-cse/nine/124881-nine-mile-metals-announces-certified-drill-results-of-175-28-g-t-ag-7-35-zn-4-78-pb-3-07-cu-and-1-69-g-t-au-over-10-40m-and-commences-the-bhem-survey-on-their-high-grade-nine-mile-brook-vms-project.html