Nine Mile Metals Announces Drill Hole WD-24-04 Certified Assay Results of 1.33% Copper Equivalent (Cu-Eq) over 37.10m Including 3.08% Cu-Eq over 10.24m

Vancouver, British Columbia--(Newsfile Corp. - April 24, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-24-04 at the Wedge VMS Drill Target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).

WD-24-01 HIGHLIGHTS:

• Drill hole WD-24-04 Location: Collared on the northeastern flank of the Wedge deposit, positioned approximately 40 meters east of drill hole WD-24-02.
• Orientation and Depth: Drilled at a 160-degree azimuth and a dip of -50 degrees, reaching a total depth of 167m
• The drill hole successfully intersected three (3) Zones of visual sulphide mineralization at depths of:
  • Zone 1: (55.00 - 78.00m) Zone 2: (110.00 - 132.20m) Zone 3: (136.00 - 147.10m).
  • Note: the lower two zones define the main copper mineralization.
• The main copper zone intersected a 37.10m section (110.00 - 147.10 m), assaying 0.81% Cu, 0.25% Pb, 1.00% Zn, 8.5 g/t Ag and 0.13 g/t Au (Copper Equivalent: 1.33% Cu).
• Sub-zones within this section demonstrated higher yields, including:
  • 10.24 meters of pyritic VMS (Volcanogenic Massive Sulfide) assaying 1.57% Cu, 0.74% Pb, 2.99% Zn, 26.61 g/t Ag, and 0.31 g/t Au (Cu Equivalent: 3.08%).
  • 7.52 meters of pyritic VMS assaying 1.86% Cu, 1.00% Pb, 1.17% Zn, 35.50 g/t Ag, and 0.42 g/t Au (Copper Equivalent: 3.07%).
• Notable gold and silver mineralization are present alongside the lead and zinc within the VMS deposits.

Table 1: Drill Hole Summary, WD-24-04

WD -24-04	From	To	Width (m)	Cu %	Pb %	Zn %	Au g/t	Ag g/t	Cu Eq %
Zone 1	55.00	78.00	23.00	0.17	0.00	0.05	0.02	0.05	0.20
Zone 2	110.00	130.20	20.20	0.69	1.91	0.32	0.08	1.91	1.29
Includes	115.00	127.26	12.26	0.83	0.10	0.37	0.09	2.16	1.05
Zone 3	136.86	147.10	10.24	1.57	0.74	2.99	0.31	26.61	3.08
Includes	139.58	147.10	7.52	1.86	1.00	1.17	0.42	35.50	3.07
Summary
Main Zone (2 & 3)	110.00	147.10	37.10	0.81	0.25	1.00	0.13	8.5	1.33

 

Copper Equivalent (Cu Eq) for drill intersections is calculated based on April 23, 2024, pricing. US$ 4.42/ lb. Cu, US$ 0.99 / lb. Pb., S$ 1.27 lb. Zn, $ 27.98 /oz Ag and US$ 2,334/oz Au with 80% metallurgical recoveries assumed for all metals (Since it's unclear what metals will be the principal products, assuming different recoveries is premature at this stage. As such, an 80% recovery rate is justified at this point in time).

In the northeastern section of the Wedge, the geology comprises a blend of volcanic materials and sedimentary deposits. The mineralization is primarily located at the contact point between the felsic volcanic rocks and the underlying graphitic argillite, similar to what was observed in DDH-24-02 to the west. The most significant lead and zinc mineralization has been consistently found at the base of the geological section, adjacent to the graphitic sediment layer.

Table 2: Zone 2 - Certified Assays (110.00 - 130.20 m) - 20.20m Intersection

Sample #	From (m)	To (686m)	Width (m)	Cu (%)	Pb (%)	Zn (%)	(Pb + Zn) (%)	Ag (g/t)	Au (g/t)
686009	110.00	111.00	1.00	0.34	0.09	0.18	0.27	2	0.049
686011	112.00	112.00	1.00	0.73	0.04	0.54	0.58	1	0.036
686012	112.00	113.00	1.00	0.55	0.02	0.30	0.32	1	0.036
686013	113.00	114.00	1.00	0.55	0.05	0.24	0.29	1	0.022
686014	114.00	115.00	1.00	0.62	0.01	0.38	0.39	1	0.045
686015	115.00	116.00	1.00	1.29	0.03	1.36	1.39	1	0.084
686016	116.00	116.60	0.60	0.15	0.00	0.30	0.30	<1	0.018
686017	116.60	117.45	0.85	0.90	0.02	0.84	0.86	1	0.05
686018	117.45	118.45	1.00	0.96	0.01	0.57	0.58	1	0.042
686019	118.45	119.45	1.00	1.98	0.03	0.85	0.88	3	0.107
686020	119.45	120.45	1.00	0.27	0.02	0.05	0.07	1	0.034
686021	120.45	121.45	1.00	0.48	0.02	0.13	0.15	2	0.063
686022	121.45	122.45	1.00	0.40	0.18	0.13	0.31	3	0.061
686023	122.45	123.45	1.00	0.43	0.36	0.10	0.46	4	0.279
686024	123.45	124.46	1.01	0.49	0.13	0.09	0.22	3	0.084
686025	124.46	125.33	0.87	1.33	0.11	0.09	0.20	3	0.119
686026	125.33	126.33	1.00	0.44	0.09	0.15	0.24	1	0.1
686027	126.33	127.26	0.93	1.57	0.10	0.13	0.23	4	0.144
686028	127.26	128.26	1.00	0.62	0.05	0.03	0.08	3	0.224
686029	128.26	129.00	0.74	0.09	0.01	0.07	0.08	3	0.046
686031	129.00	130.20	1.20	0.17	0.06	0.19	0.25	2	0.143
Total	Ave.		20.2	0.69	0.07	0.32	0.39	1.91	0.08

 

"Drill Hole WD-24-04 was collared in the northeastern portion of the Wedge 40 meters east of drill hole WD-24-02. Drilled parallel to WD-24-02, the results show the continuity of the mineralization with three (3) Zones of high copper mineralization intersected, the base of the main zone again highlighted by lead, zinc, and silver mineralization. The mineralization consists of fine-grained massive copper bearing pyritic VMS (95% + sulphides) with visible bands of sphalerite and galena as seen in drill hole WD-24-02. The continuity is encouraging, and we look forward to compiling all of the assays and incorporating them into our upcoming 3D model," commented Gary Lohman, P.Geo., VP Exploration & Director.

Patrick J. Cruickshank, MBA, CEO & Director, stated, "The results from our Wedge extension program in Target Area 1, located on the east side of the deposit, have been very encouraging. We are successfully expanding the footprint of the unmined deposit area at the Wedge. The copper assays have been consistently impressive, and the significant widths observed in the drill holes thus far are outstanding. We are determined to fulfill our objectives by increasing the tonnage at the Wedge."

Table 3: Zone 3 - Certified Assays (136.86 - 147.10 m) - 10.24m Intersection

Sample #	From (m)	To (m)	Width (m)	Cu %	Pb (%)	Zn (%)	(Pb + Zn) %	Ag (g/t)	Au (g/t)
686039	136.86	137.86	1.00	1.86	0.03	0.19	0.22	4	0.029
686040	137.86	138.75	0.89	0.12	0.01	0.11	0.12	1	0.016
686041	138.75	139.58	0.83	0.13	0.03	0.13	0.16	1	0.034
686042	139.58	140.58	1.00	1.60	0.33	0.79	1.12	10	0.146
686043	140.58	141.58	1.00	4.23	0.11	Nine Mile Metals Ltd OTC:VMSXF VMSXF Rankings #11966 Ranked by Market Cap N/A Ranked by Dividends VMSXF Latest News Jul 2, 2025 Nine Mile Metals Announces Private Placement Financing Jun 18, 2025 Nine Mile Metals Maintains Nine Mile Brook Project Option with Third Anniversary Payment Jun 12, 2025 Nine Mile Metals Receives NBJMAP Exploration Grant for California Lake East VMS Project Jun 10, 2025 Nine Mile Metals Ltd Confirms the Addition of Mike Dufresne, MS, P.GEO to the Technical Advisory Committee Apr 17, 2025 Nine Mile Metals Appoints Jonathan Holmes to the Board of Directors VMSXF Stock Data Market Cap 754.63k Float 86.97M Insiders Ownership 10.19% Industry Other Industrial Metals & Mining Sector Basic Materials Website Link Country Canada City Vancouver Related Articles Continue reading with these related stories $RUBI Trending Rubico Announces Commencement of Trading on the Nasdaq Capital Market Aug 4, 2025 $RAIL Trending FreightCar America, Inc. Reports Second Quarter 2025 Results Aug 4, 2025 earnings $CHT Related Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Second Quarter of 2025 Aug 5, 2025 earnings $SAND Related Sandstorm Gold Royalties Supports Royal Gold's Acquisition of Kansanshi Gold Stream Aug 5, 2025 acquisition $BNXTF Related BioNxt Solutions Reports Pending Patent Grants in Europe and Eurasia, Strengthening IP Protection for Proprietary Sublingual Cladribine-Based MS Treatment Aug 5, 2025 $STCUF Related Star Copper Announces Plans for Fully Funded Fall 2025 Phase 2 Drill Campaign in Golden Triangle of BC Aug 5, 2025 clinical trial $ZS Related Red Canary Research Reveals Sharp Rise in Cloud and Identity Threats, Exposing Critical Cybersecurity Risks Aug 5, 2025 $RKLB Related Mission Success for Rocket Lab’s Latest Constellation Deployment Launch for iQPS Aug 5, 2025 $OROXF Related Orosur Mining Inc Announces Infill Drilling Hits 104m @ 6.61g/t Au at Pepas Aug 5, 2025 View All Latest News Explore About FAQ Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Discord Server Facebook Reddit © 2020-2025 StockTitan.net - Your Edge is Information | Information Only - Not Investment Advice Login Please enter your login and password Email address Password Forgot password? LOGIN Close Don't have an account? Sign Up! Forgot Password Please enter your email address Email address RECOVER Close Sign Up To create a free account, please fill out the form below. Username Email address Password I accept the user agreement Sign me up for the newsletter CREATE ACCOUNT Close Already have an account? Login