- Nine Mile Metals (NINE) has purchased the Wedge Project from Slam Exploration
- The Wedge Property consists of 114 claim units covering 25 km2
- The Wedge deposit was discovered by Cominco in 1957-58 after drilling an EM Anomaly and it mined and produced 1.503MT grading 2.88 per cent Cu, 0.65 per cent Pb, 1.81 per cent Zn, 20.6 g/t Ag
- Nine Mile acquired the Wedge Project claim from Slam in exchange for the issuance of 1,200,000 shares and $150,000
- Nine Mile Metals (NINE) was up 3.45 per cent, trading at $0.30 per share at 11:50 am ET
Nine Mile Metals (NINE) has purchased the Wedge Project from Slam Exploration Ltd.
The Wedge Property consists of 114 claim units covering 25 km2.
New technology (UAV 3D and AI) will be utilized to explore the entire mineralized trend at depth and along the wedge horizon including the massive western property targets.
The Tribag and West Wedge occurrences have not been tested at depth and is open in all directions along the trend.
The Wedge Project borders the company’s California Lake and Canoe Landing Lake Projects and solidifies its regional land portfolio in the highly regarded BMC Saddle folds.
The Wedge deposit was discovered by Cominco in 1957-58 after drilling an EM Anomaly and that company mined and produced 1.503MT grading 2.88 per cent Cu, 0.65 per cent Pb, 1.81 per cent Zn, 20.6 g/t Ag.
Patrick J. Cruickshank, CEO and Director of the company explained that the team is developing its advanced exploration program for 2023 utilizing a proprietary UAV 3D and AI target extraction and machine learning analytics processes on the project’s new and existing targets, including the former producing Wedge Copper deposit.
“The Wedge deposit was considered a copper deposit; so where is the rest of the VMS occurrence? (Pb, Zn, Ag & Au) We look forward to taking an advanced new approach to the Wedge deposit at depth and along our identified mineralized Wedge Trend fold. We are particularly interested in the massive western magnetic anomaly.”
Nine Mile acquired the Wedge Project claim from Slam in exchange for the issuance of 1,200,000 shares and $150,000.
The company may purchase half of the 2 per cent net smelter royalty at any time for the price of $1,000,000.
Nine Mile Metals is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick.
Nine Mile Metals (NINE) was up 3.45 per cent, trading at $0.30 per share at 11:50 am ET.
