Highlights:
- Drill hole WD-24-01 was initiated in the footwall sediments situated on the south flank of the historic mine site. It was drilled with an azimuth of 330 degrees and a dip of -45 degrees, reaching a depth of 164 meters to intersect an EarthEX late-time conductor, as illustrated in Figure 3.
- The drill hole was successful, intersecting three mineralized zones including 6.18 meters of pyritic VMS with chalcopyrite and lesser Pb and Zn mineralization between 33.47 meters and 39.65 meters.
- The VMS mineralization is very fine-grained consisting of 95% sulphides making Cu, Pb, Zn mineralogy difficult to identify. Mineralization continued to a depth of 53.16 meters.
- A third zone of mineralization was intersected between 139 and 142 meters.
- The hole terminated in hanging wall volcanics at 164.5m in total hole depth.
- 54 Samples from all three zones at hole WD-24-01, representing 56.29 meters of both VMS mineralization and adjacent rock, have been logged, measured, cut, and shipped for submission to the
ALS Global Labs (“ALS”) inMoncton, New Brunswick for certified analysis.
Figure 1: VMS Mineralization (Sample #252992) | Figure 2: Copper Mineralization ( |
The Company has completed its XRF analysis for the first upper VMS portion of the drill hole utilizing an Olympus Vanta 50 Portable XRF equipped with a 50Kv Workstation and Reflex XRF software. The XRF process included calibrating the machine and utilizing two standards in the sample stream (OREAS 502B and CDN-BL-10 Blank) at the beginning and end of the analytical sequence. Except for one sample, each sample consisted of a 1-meter section of cut drill core, and as such, the sample was not homogeneous. There were six Sample Batches over 6.18 meters of mineralization. Each sample batch had approximately 12 -21 data points analyzed per meter. The core sample is placed cut face down, and the XRF gun takes a random unknown sample of the core. The operator has no knowledge of the laser point. The sum of the averages was divided by the number of pieces, the results of which are presented in Table 1 below.
Table 1: Hole Wd-24-01 (1st Zone VMS) – XRF Results
Sample # | From (m) | To (m) | Width (m) | Cu % | Pb (%) | Zn (%) | (Pb + Zn) % | As (%) | Ag (g/t) | Au (g/t) |
252990 | 33.47 | 34.47 | 1.00 | 2.36 | 0.20 | 0.25 | 0.45 | 0.53 | TBD | TBD |
252991 | 34.47 | 35.47 | 1.00 | 1.79 | 1.13 | 1.62 | 2.75 | 0.50 | TBD | TBD |
252992 | 35.47 | 36.47 | 1.00 | 3.69 | 0.36 | 1.63 | 1.99 | 0.35 | TBD | TBD |
252993 | 36.47 | 37.47 | 1.00 | 4.41 | 0.66 | 0.59 | 1.25 | 0.43 | TBD | TBD |
252994 | 37.47 | 38.65 | 1.18 | 3.75 | 0.39 | 0.39 | 0.78 | 0.38 | TBD | TBD |
252995 | 38.65 | 39.65 | 1.00 | 0.88 | 0.05 | 0.35 | 0.40 | 0.06 | TBD | TBD |
Totals | Ave | 6.18m | 2.81 | 0.46 | 0.80 | 1.26 | 0,.37 | TBD | TBD |
“The success of this hole was a result of the valuable proprietary reprocessing and algorithms delivered by our partner at EarthEX Geophysical Solutions. It tested a new area along the high priority Late Time Conductive response access (Red Line identified on Figure 3), southeast of the historical deposit. We are looking forward to our next series of drill holes testing new areas over the strong conductive access trend, along with testing the depth of the original Lens, with the purpose of confirming a larger footprint of the original deposit. “ Stated
Figure 3: Wedge VMS Drill Program Identified Targets
Figure 4:
Figure 5: Banded VMS Core | Figure 6: Cut Samples (56.29m) prepared for shipping |
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
About
ON BEHALF OF NINE MILE METALS LTD.
“Patrick
CEO and Director
T: 506-804-6117
E: patrick@ninemilemetals.com
Forward-Looking Information:
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 (a) we can test our new targets and deeper targets, (b) we look forward to summarizing the Certified Assays once received, and (c) we are looking forward to our next series of drill holes testing new areas over the strong conductive access trend, along with testing the depth of the original Lens with the purpose of confirming a larger footprint of the original deposit. 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.
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Figure 1
VMS Mineralization (Sample #252992)
Figure 2
Copper Mineralization (Wedge Mine )
Figure 3
Wedge VMS Drill Program Identified Targets
Figure 4
Wedge VMS Project
Figure 5
Banded VMS Core
Figure 6
Cut Samples (56.29m) prepared for shipping
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