Nine Mile Metals UAV Drone Survey Discovers (3) Massive VMS Source Targets and (2) New Spruce Lake Formation Target Systems

VANCOUVER, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces its 1,000-line Kms UAV Magnetics Drone Survey has discovered three (3) massive VMS source targets, two (2) additional new Spruce Lake formation VMS target systems and a host of additional high priority lens targets. Nine Mile Metals has already filed for the necessary drill permits to include in our Stage 2 drill program, which is to begin in the coming weeks. The 3 VMS source targets will allow Nine Mile to ensure the prudent allocation of funds and to further ensure drilling is conducted at the highest priority targets.

Figure 1: UAV Drone Survey Processed Results - Total Magnetic Intensity is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c463aa8-9a91-4132 ...

The results from the UAV drone magnetic survey identified three (3) massive VMS source systems, and all are a folded nose trend with a Hinge as identified in Figure 1 in white: as Hinges A, B and C. The folded nose trends are depicted in white in Figure 1 (above), while the Hinge targets are depicted in black polygons adjacent to the folded nose. In addition, the drone survey has uncovered and defined two (2) new Spruce Lake formation target systems identified as D and E (Figure 1). These five (5) targets are aligned with the northern and southern contacts in the geological mapping previously reported.

Patrick J Cruickshank, MBA – CEO & Director stated, “It is just incredible that this technology has filtered and removed a lot of the conductive noise in previous magnetic survey images. The similarities to the Brunswick #12 is spectacular; size, surface footprint, Hinge and plunging strong magnetic body extension, but to uncover (2) additional separate Spruce Lake Formation Contact Systems is outstanding. The definition of the images also shows potential footprints of additional Lenses in the magnetic low area of the Boucher Brook Sediments. This exploration model continues to evolve and develop into something quite exciting. We have confirmed none of these Hinge targets have been previously drilled and look forward to testing these exceptional targets in the upcoming drill program later this month. All Hinge targets in the BMC are High Priority Targets and possible sources for our Lens. We will be updating with UAV 3D subsurface modeling geophysics and drill program targeting.”