Nine Mile Metals Announces Drill Hole WD-24-07 Certified Assay Results of 1.65% Copper Equivalent (Cu-Eq) over 40.32m Including 2.29% (Cu-Eq) over 13.12m and 3.25% (Cu-Eq) over 5.50m
Nine Mile Metals has released the certified assay results for drill hole WD-24-07 at the Wedge VMS Drill Target in the Bathurst Mining Camp, New Brunswick.
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Rhea-AI Summary
Nine Mile Metals has released the certified assay results for drill hole WD-24-07 at the Wedge VMS Drill Target in the Bathurst Mining Camp, New Brunswick. The drill hole intersected significant base metal mineralization over 40.32 meters, showing a Copper Equivalent (Cu-Eq) of 1.65%. Notably, two zones stood out: an upper zone (15.50m) with 1.98% Cu-Eq and a lower zone (13.12m) with 2.29% Cu-Eq. The lower zone includes a 5.50m section with a Cu-Eq of 3.25%. These results indicate continued high-grade copper mineralization. The company plans to proceed with 3D modeling to better define the structural and geological controls on the mineralization.
Positive
- Drill hole WD-24-07 intersected 40.32 meters of significant base metal mineralization with a Copper Equivalent (Cu-Eq) of 1.65%.
- Upper zone (15.50m) shows a Cu-Eq of 1.98%, while the lower zone (13.12m) shows a Cu-Eq of 2.29%.
- Lower zone includes a 5.50m section with a Cu-Eq of 3.25%.
- The results demonstrate continued high-grade copper mineralization east of the historic workings.
- 3D modeling to commence for better structural and geological control definition.
Negative
- The PR does not mention any new revenue generation or immediate economic benefits from these drill results.
- High metal recovery rates are assumed without clear evidence, posing a potential risk for actual yields.
- No timelines or detailed future exploration plans are provided, which could leave investors uncertain.
Details
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Vancouver, British Columbia--(Newsfile Corp. - May 16, 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-24-07 at the Wedge VMS Drill Target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC).
WD-24-07 HIGHLIGHTS:
- Drill hole WD-24-07 was collared on the northeastern flank of the Wedge deposit, 20.00m east of WD-24-02, and drilled at an azimuth of 160 degrees with a dip of -50 degrees to a total depth of 159.00m.
- The drill hole successfully intersected continual base metal mineralization between 116.00m and 156.32m (40.32m) assaying
1.20% Cu,0.18% Pb,0.88% Zn, 0.12 g/t Au, and 8.00 g/t Ag, with a Copper Equivalent (Cu-Eq) of1.65% . - Two distinct zones of visible sulphide mineralization were intersected:
- UPPER ZONE (123.00m - 138.50m): 15.50m assaying
1.64% Cu,0.08% Pb,0.82% Zn, 0.08 g/t Au, and 3.32 g/t Ag, with a Cu-Eq of1.98% . - LOWER ZONE (143.20m - 156.32m): 13.12m assaying
1.40% Cu,0.45% Pb,1.55% Zn, 0.25 g/t Au, and 19.8 g/t Ag, with a Cu-Eq of2.29% . The lower zone includes:- 10.30m of pyritic VMS (143.20m - 153.50m) assaying
1.70% Cu,0.42% Pb,1.59% Zn, 0.22 g/t Au, and 19.70 g/t Ag, with a Cu-Eq of2.58% . - 5.50m of pyritic VMS (149.00m - 154.50m) assaying
1.58% Cu,1.02% Pb, 3.39 % Zn, 0.46 g/t Au, and 39.60 g/t Ag, with a Cu-Eq of3.25% .
- 10.30m of pyritic VMS (143.20m - 153.50m) assaying
- UPPER ZONE (123.00m - 138.50m): 15.50m assaying
TABLE 1: Drill Hole WD-24-07 Assays Summary
| WD -24-07 | From (m) | To (m) | Width (m) | Cu (%) | Pb (%) | Zn (%) | Au (g/t) | Ag (g/t) | Cu-Eq (%) |
| | |||||||||
| OVERALL | 116.00 | 156.32 | 40.32 | 1.20 | 0.18 | 0.88 | 0.12 | 8.00 | 1.65 |
| | |||||||||
| UPPER ZONE | 123.00 | 138.50 | 15.50 | 1.64 | 0.08 | 0.82 | 0.08 | 3.32 | 1.98 |
| | |||||||||
| LOWER ZONE | 143.20 | 156.32 | 13.12 | 1.40 | 0.45 | 1.55 | 0.25 | 19.80 | 2.29 |
| Includes | 143.20 | 153.50 | 10.30 | 1.70 | 0.42 | 1.59 | 0.22 | 19.70 | 2.58 |
| Includes | 149.00 | 154.50 | 5.50 | 1.58 | 1.02 | 3.39 | 0.46 | 39.60 | 3.25 |
Copper Equivalent (Cu-Eq) for drill intersections is calculated based on May 13, 2024, pricing: US
In the northeastern portion of the Wedge, the geology is a mix of volcanics and sediments, with mineralization sitting at the felsic volcanic/graphitic argillite contact as seen in DDH-24-02 to the west. The best Pb/Zn/Ag mineralization is at the base of the section in contact with the graphitic sediments.
TABLE 2: UPPER ZONE - Certified Assays of 15.50m Intersect (123.00m - 138.50m)
| Sample # | From (m) | To (m) | Width (m) | Cu (%) | Pb (%) | Zn (%) | Pb + Zn (%) | Au (g/t) | Ag (g/t) |
| | |||||||||
| 280917 | 123.00 | 124.00 | 1.00 | 3.17 | 0.02 | 1.56 | 1.58 | 0.058 | 4.00 |
| 280918 | 124.00 | 125.00 | 1.00 | 1.14 | 0.14 | 1.35 | 1.41 | 0.055 | 3.00 |
| 280919 | 125.00 | 126.00 | 1.00 | 3.10 | 0.18 | 1.23 | 1.41 | 0.079 | 11.00 |
| 280920 | 126.00 | 127.00 | 1.00 | 1.48 | 0.31 | 0.43 | 0.74 | 0.033 | 3.00 |
| 280922 | 127.00 | 128.00 | 1.00 | 1.87 | 0.28 | 0.96 | 1.24 | 0.063 | 3.00 |
| 280923 | 128.00 | 129.00 | 1.00 | 1.31 | 0.47 | 0.65 | 1.12 | 0.059 | 3.00 |
| 280924 | 129.00 | 130.00 | 1.00 | 1.46 | 0.23 | 0.62 | 0.85 | 0.054 | 3.00 |
| 280925 | 130.00 | 131.00 | 1.00 | 1.19 | 0.20 | 0.91 | 1.11 | 0.095 | 3.00 |
| 280926 | 131.00 | 132.00 | 1.00 | 1.55 | 0.12 | 1.15 | 1.27 | 0.111 | 3.00 |
| 280927 | 132.00 | 133.00 | 1.00 | 1.39 | 0.15 | 0.47 | 0.62 | 0.092 | 2.00 |
| 280928 | 133.00 | 134.00 | 1.00 | 1.41 | 0.04 | 1.14 | 1.18 | 0.086 | 3.00 |
| 280929 | 134.00 | 135.00 | 1.00 | 0.96 | 0.02 | 0.51 | 0.53 | 0.074 | 1.00 |
| 280930 | 135.00 | 136.00 | 1.00 | 0.76 | 0.03 | 0.25 | 0.28 | 0.09 | 2.00 |
| 280931 | 136.00 | 137.00 | 1.00 | 2.09 | 0.13 | 1.00 | 1.13 | 0.142 | 3.00 |
| 280932 | 137.00 | 138.50 | 1.50 | 1.71 | 0.12 | 0.25 | 0.37 | 0.102 | 3.00 |
In the Upper Zone (Table 2), the copper mineralization is extensive, with concentrations exceeding
In the Lower Zone (Table 3), the copper mineralization is more variable, with the lead, zinc, and silver again highlighting the contact with the sediments.
"Drill Hole WD-24-07 was exceptional, intersecting widespread, consistent copper mineralization over a substantial width. The mineralization is primarily fine-grained pyritic VMS, typical of the Bathurst Mining Camp, which makes visual estimates of copper challenging (Figure 1). This drill hole demonstrates the continued unmined expansion of high-grade copper east of the historic workings. With coding of the Cominco surface holes complete, 3D modeling can now commence to assist in defining the structural and geological controls on the mineralization," commented Gary Lohman, P.Geo., VP Exploration & Director.
TABLE 3: LOWER ZONE - Certified Assays of 13.12m Intersect (143.20m - 156.32m)
| Sample # | From (m) | To (m) | Width (m) | Cu (%) | Pb (%) | Zn (%) | Pb + Zn (%) | Au (g/t) | Ag (g/t) |
| | |||||||||
| 280938 | 143.20 | 144.00 | 0.80 | 2.6 | 0.04 | 0.37 | 0.41 | 0.27 | 12.00 |
| 280939 | 144.00 | 144.60 | 0.60 | 4.92 | 0.10 | 0.68 | 0.78 | 0.402 | 26.00 |
| 280940 | 144.60 | 145.50 | 0.90 | 0.89 | 0.03 | 0.38 | 0.41 | 0.09 | 6.00 |
| 280942 | 145.50 | 146.00 | 0.50 | 0.26 | 0.01 | 0.08 | 0.09 | 0.022 | 2.00 |
| 280943 | 146.00 | 147.00 | 1.00 | nil | nil | 0.02 | nil | 0.006 | <1.00 |
| 280944 | 147.00 | 148.00 | 1.00 | 1.76 | 0.02 | 0.13 | 0.15 | 0.055 | 4.00 |
| 280945 | 148.00 | 149.00 | 1.00 | 1.71 | 0.06 | 0.28 | 0.34 | 0.125 | 5.00 |
| 280946 | 149.00 | 150.00 | 1.00 | 2.6 | 0.04 | 0.16 | 0.20 | 0.142 | 11.00 |
| 280947 | 150.00 | 151.00 | 1.00 | 1.86 | 0.07 | 1.36 | 1.43 | 0.217 | 11.00 |
| 280948 | 151.00 | 151.77 | 0.77 | 0.79 | 0.09 | 0.51 | 0.60 | 0.112 | 17.00 |
| 280949 | 151.77 | 152.50 | 0.73 | 0.99 | 0.88 | 2.28 | 3.16 | 0.389 | 42.00 |
| 280950 | 152.50 | 153.50 | 1.00 | 2.18 | 3.28 | 11.25 | 14.53 | 0.825 | 96.00 |
| 280055 | 153.50 | 154.50 | 1.00 | 0.73 | 1.50 | 3.78 | 5.28 | 0.991 | 56.00 |
| 280056 | 154.50 | 155.32 | 0.82 | nil | 0.01 | 0.48 | 0.49 | 0.009 | <1.00 |
| 280057 | 155.32 | 156.32 | 1.00 | 0.12 | 0.04 | 0.14 | 0.18 | 0.017 | 1.00 |
Patrick J. Cruickshank, MBA, CEO & Director, stated, "We were incredibly pleased with this set of assays, which feature two distinct thick proportionate zones of high-grade mineralization. Visual inspection while logging core was not so optimistic about high-grade copper over long widths since the core displayed predominantly dark pyritic mineralization. However, this further demonstrates the hidden upside of the unmined extensions of the Wedge Mine Area. The BHEM survey, along with the 3D analysis of the Cominco surface drill holes (including our 2024 drill holes in new areas) will give us a very detailed picture of the subsurface areas of conductivity and mineralization. We are determined to assess the depth of the known lens and look forward to testing the eastern extension and the unmined depth of the historic mine area. The digitization of the Cominco surface drill holes (73 DDHs) has been completed (assays and lithology) and is being verified, including the survey data. An additional 110 underground drill holes (assays and lithology) have also been coded for inclusion in the model. We should receive the completed package this week and will then forward it to EarthEx for processing. This drill program continues to solidify the eastern flank extension of the historic mine as a viable source of unmined new ore. We look forward to our next set of results and further exploration plans for our entire Western portfolio."
FIGURE 1: Pyritic VMS Core Sample
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7335/209377_09ba5e09e49d0a50_002full.jpg 
FIGURE 2: Copper Bloom Core Sample
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7335/209377_09ba5e09e49d0a50_003full.jpg
Figure 3: Plan View, Drill
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