Subscribe
Be the first with the news that moves the market- Nine Mile Metals (NINE) has purchased the West Nine Mile Brook Project from Windfall Geotek
- The company also engaged Windfall Geotek’s AI services to be applied to its entire project portfolio in the Bathurst Mining Camp (BMC), New Brunswick
- Nine Mile acquired the West Nine Mile Brook claim from Windfall in exchange for the issuance of 232,143 shares
- 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) last traded at $0.27 per share
Nine Mile Metals (NINE) has purchased the West Nine Mile Brook Project from Windfall Geotek.
The company also engaged Windfall Geotek’s AI services to be applied to its entire project portfolio in the Bathurst Mining Camp (BMC), New Brunswick.
The project is located along the southern boundary of the Nine Mile Synform, where three never-tested, high-priority targets have been identified along a well-defined geological contact.
“This acquisition of West Nine Mile Brook is a valuable addition to our Nine Mile Brook VMS Portfolio,” said Patrick J. Cruickshank, CEO & Director.
“The Nine Mile Mineralized Synform continues through our new property and has never been tested,” he added.
“Visionaries like Patrick are leading the expansion of AI adoption in the exploration sector, and this multi year program represents what is possible when AI-driven technology companies and exploration companies work together,” noted Dinesh Kandanchatta, Chairman of Windfall.
Nine Mile acquired the West Nine Mile Brook claim from Windfall in exchange for the issuance of 232,143 shares.
The claim is subject to a 2.00-per-cent net smelter return, with the right to purchase back 50 per cent of it for $500,000. Windfall is an arm’s length party to the company.
Windfall is an artificial intelligence company that has been in business for over 15 years developing its proprietary AI and data mining techniques.
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) last traded at $0.27 per share.
