Nine Mile Metals to Drill the Wedge Project, Bathurst Mining Camp, New Brunswick

VANCOUVER, British Columbia, Oct. 26, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine. Lantech Drilling has been engaged to drill these high priority targets once it completes the current hole at Nine Mile Brook. The Lantech track mount rig mobilizes this upcoming Monday after a required break during the NB Hunting season for the past 3 weeks.

The Company has identified nine (9) high priority target areas in our western camp portfolio, the recently acquired Wedge Project, which is located 20 kilometers southwest of the Brunswick #12 mine. In addition to the historic Wedge Mine, the Cominco Wedge Mine Extension (never drill tested), the newly acquired Wedge North Target, which completes the California Lake East Trend, West Wedge and Tribag (representing a 4.5kms VMS Trend) and Lower 44 Mile Brook targets.

Figure 1: “New” Drill Program High Priority Targets, Wedge Project Area, New Brunswick

Discovered in 1956, the Wedge Mine is located at the northern terminus of a strong magnetic linear (Figure 1). Between 1962 and 1968, the mine produced 1.503MT grading (2.88% Cu, 0.65% Pb, 1.81% Zn, 20.6 g/t Ag). McCutcheon et al (2005) stated a historical measured resource of 545,200T* (1.75% Cu, 1.71% Pb & 5.21% Zn) to a depth of 274 meters.

To the northwest, both the West Wedge and Tribag lie along the west flank of a similar magnetic anomaly near parallel to the one at the Wedge. At Tribag, trenching by Slam Exploration Ltd. in 2017 identified massive to strongly disseminated Pb / Zn mineralization. At the West Wedge, previous drilling intersected 12.8% zinc, 5.35% lead, 0.78% copper, 70.6 g/tonne silver and 1.30 g/t gold over 3.8m. The mineralization at both the West Wedge and Tribag occur within the sediments and volcanics of the Spruce Lake Formation of the California Lake Group.

“With previous drilling focused on known occurrences, the VMS mineralization at the Wedge Project has considerable room for expansion. The favourable horizon is over 5 kilometers in length defined by anomalous base metal soil geochemistry and coincident zones of conductivity. We look forward to testing these high priority targets,” stated Gary Lohman, B.Sc., PGO, VP Exploration and Director.