Nine Mile drills 0.20 m of 16.85% Pb+Zn at California

Dec 27, 2022

2022-12-22 10:04 ET – News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES CERTIFIED DRILL RESULTS UP TO 16.85% (LEAD-ZINC) COMBINED, 142 G/T SILVER (4.56 OZ), 3.69 G/T GOLD AT ITS INITIAL CALIFORNIA LAKE VMS DRILL PROGRAM

Nine Mile Metals Ltd. has released certified assay results for its VMS (volcanogenic massive sulphide) target holes CL2206 and CL2207 at its initial phase 1 drill program on the California Lake VMS project, in the world-famous Bathurst mining camp (BMC), New Brunswick.

Highlights:

In drill hole CL2206, four mineralized zones were intersected between 45.80 and 56.20 metres (10.40 m).
Drill hole CL2207 intersected six mineralized zones between 39.05 and 49.40 metres (10.35 m).
Strong silver (Ag) and gold (Au) are confirmed in the VMS finger system, the Au values determined by fire assay.
Once assays between the VMS zones are received, Nine Mile will summarize full drill width mineralization.

Drill hole CL2206 was the discovery drill hole, intersecting multiple horizons of VMS mineralization. Mineralization was typical BMC style, consisting primarily of zinc, lesser lead and copper. The mineralization is structurally controlled, the VMS horizons occurring within a sheared sedimentary package as seen in drill holes CL2207 through CL2213.

Drill hole CL2207 was collared along the same azimuth, intersecting similar mineralized horizons within the same sheared sedimentary package.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: “We are pleased to report the ALS Global Lab’s certified assay results for holes CL2206 and CL2207 at the California Lake VMS drill program No. 1. As expected, with high combined lead (Pb) and zinc (Zn) comes high silver (Ag) results. We are surprised the gold (Au) is so high without the copper (Cu) values but being a 1.5-kilometre trend, the copper should increase as we get closer to the source deposit or vent feeder system for this target area. To drill multiple lens fingers is a strong indication of a deeper source close by and less about the widths of the fingers. When we receive all the assays for the sedimentary package between the VMS fingers, we will summarize the entire cross-section widths with assays. Remember this is the visual VMS core that was rushed to the ALS Global Labs for analysis. These drill results completely justify the resources and advanced geophysics to drill the source in 2023. With our recently closed $1,271,000 superflow-through funding we are very well positioned for an advanced exploration program on our entire three-project portfolio and will be a very active and exciting 2023.”

“The initial drill program at California Lake was highly successful and relatively unheard of for a first introductory program based on reprocessed geophysical data but is a terrific example of our proprietary disciplined technical exploration model, with seven of eight drill holes in this short program intersecting multiple VMS horizons within a sheared sedimentary package. The technical team has reviewed the drill core and a structurally hosted environment is confirmed, the character of which should provide a strong, positive response when followed up with close-spaced, ground geophysics along strike. Drilling of priority targets along the entire identified 1.5 km trend anomaly will follow in 2023,” stated Gary Lohman, BSc, PGeo, director and vice-president, exploration.

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 and reviewed and approved by Mr. Lohman, BSc, PGeo, director and vice-president, exploration, who acts as the company’s qualified person, and is not independent of the company.

About Nine Mile Metals Ltd.

Nine Mile Metals 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 critical minerals exploration (CME), positioning for the boom in electric vehicles and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

We seek Safe Harbor.

https://ninemilemetals.com/