Nine Mile Metals Announces Drilling to Start on New Mineralized Target Zones at the Wedge Property
Rhea-AI Summary
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) has announced the initiation of its Phase 2 drill program on the Wedge VMS Project. The company has engaged Les Forages Chapais from Sussex, N.B. to drill up to 2,000 metres. Chapais is currently mobilizing the drill rig from California Lake to the Wedge Property, with drilling expected to commence by the weekend.
This development marks a significant step in Nine Mile Metals' exploration efforts, potentially impacting its mineral resource assessment and future prospects. The Phase 2 program follows previous exploration activities and may provide valuable insights into the property's mineralization potential.
Positive
- Initiation of Phase 2 drill program on the Wedge VMS Project
- Engagement of experienced drilling contractor Les Forages Chapais
- Planned drilling of up to 2,000 metres
Negative
- None.
News Market Reaction
On the day this news was published, VMSXF gained 15.38%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has initiated its Phase 2 drill program on the Wedge VMS Project. Les Forages Chapais from Sussex, N.B. ("Chapais") has been engaged to drill up to 2,000 metres.
Chapais is onsite in the BMC and mobilizing the drill rig from California Lake to the Wedge Property. Drilling should commence by the weekend.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold.
ON BEHALF OF NINE MILE METALS LTD.
"Patrick J. Cruickshank, MBA"
CEO and Director
T: 506-804-6117
E: patrick@ninemilemetals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the Company expects to start drilling should commence by the weekend. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223714
FAQ
When is Nine Mile Metals (VMSXF) starting its Phase 2 drill program on the Wedge VMS Project?
How many meters is Nine Mile Metals (VMSXF) planning to drill in its Phase 2 program at the Wedge Property?
Which drilling contractor has Nine Mile Metals (VMSXF) engaged for its Wedge VMS Project?
