Source: Nine Mile Metals Ltd.
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  • Nine Mile Metals (NINE) announced that its 1,000-line Kms UAV magnetics drone survey has discovered three massive VMS source targets, two additional new Spruce Lake formation volcanogenic massive sulphide (VMS) target systems and a host of additional high-priority lens targets
  • The necessary drill permits have been filed to include in the Stage 2 drill program, to begin in the coming weeks
  • Nine Mile Metals is a Canadian mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick
  • Nine Mile Metals (NINE) is up 3.39 per cent, trading at C$0.30 per share at 10:50 am ET

Nine Mile Metals (NINE) has made a host of discoveries and identified targets in New Brunswick.

The company announced that its 1,000-line Kms UAV magnetics drone survey has discovered three massive VMS source targets, two additional new Spruce Lake formation volcanogenic massive sulphide (VMS) target systems and a host of additional high-priority lens targets.

The necessary drill permits have been filed to include in the Stage 2 drill program, to begin in the coming weeks.

Source: Nine Mile Metals.

The image above shows Hinges A, B and C, where the folded nose trends are white. The Hinge targets are depicted in black polygons adjacent to the folded nose. The drone survey also uncovered and defined two new Spruce Lake formation target systems, D and E.

Nine Mile’s VP Exploration, Gary Lohman, P.Geo., stated that the work by EarthEx Geophysical Solutions has revealed many high-priority “untested” targets in multiple systems, the Boucher Brook and the Spruce Lake Formation, respectively.

“With three Hinges now identified, numerous subtle, magnetic highs defined (possible additional Lens’), we expect to discover additional mineralization within the Boucher Brook system and the California Lake Formation, the most prolific host formation to the VMS event in the BMC.”

The company’s CEO Patrick J. Cruickshank added that this technology has filtered and removed a lot of the conductive noise in previous magnetic survey images.

“The similarities to the Brunswick #12 are spectacular; size, surface footprint, Hinge and plunging strong magnetic body extension, but to uncover two additional separate Spruce Lake Formation Contact Systems is outstanding. The definition of the images also shows potential footprints of additional Lenses in the magnetic low area of the Boucher Brook Sediments. This exploration model continues to evolve and develop into something quite exciting. We have confirmed none of these Hinge targets have been previously drilled and look forward to testing these exceptional targets in the upcoming drill program later this month. All Hinge targets in the BMC are High Priority Targets and possible sources for our Lens. We will be updating with UAV 3D subsurface modelling geophysics and drill program targeting.”

Nine Mile Metals is a Canadian mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick.

Nine Mile Metals (NINE) is up 3.39 per cent, trading at C$0.30 per share at 10:50 am ET.


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