Nine Mile Metals Continues to Drill on Its Nine Mile Brook VMS Project

The Company has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program.

VANCOUVER, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce an update on its Nine Mile Brook VMS Project winter drill program. Winter drilling commenced on February 17, 2023 (see prior news release) on the Company’s Nine Mile Brook VMS Project utilizing a skid-mounted drilling rig operated by Orbit Garant Drilling Inc. based in Moncton, NB.

Figure 1 - Orbit Drilling Operations on Nine Mile Brook VMS Project

Orbit Garant Drilling has completed 8 holes totalling 1,329 metres of a planned 5,000 metre fully funded drill program. More than 730 metres of drill core are being logged, photographed, cut and prepared for rush assays, which is expected to take 2-3 weeks for each submission. All assays are being shipped directly to ALS Global in Moncton, NB. Due to the hardness and amount of core identified for assay, the Company is adding additional equipment and crew to assist in expediting this process. The certified Lab Assay results will be released as they are completed, reviewed, and analyzed.

Nine Mile raised gross proceeds of $1,271,000 in December 2022. The current 5,000 metre drill program is estimated to cost $750,000. The Company is not raising additional funds at this time.

The Company has also secured the return of Lantech Drilling’s track-mounted mobile rig to our Nine Mile Brook program. This second drill rig is expected to be mobilized before the end of April subject to weather conditions. We are also preparing permits for the new Wedge Project targets previously identified by EarthEX Geophysical Solutions and our Technical Team. EarthEX is also assisting Nine Mile in the design of additional advanced exploration programs on California Lake and the Canoe Landing Lake VMS Projects.

Patrick J. Cruickshank, MBA, CEO & Director stated, “We are quite pleased with the execution of our drill program to date, and the amount of mineralized core identified for certified assays by ALS Global in Moncton. We look forward to adding the 2^nd rig at Nine Mile Brook and continuing with our Flagship exploration program. This will allow us to focus on certain areas and continue the bigger program at the same time. I continue to be impressed with our technology driven exploration program design and execution.”