Welcome to our dedicated page for Nine Mile Metals news (Ticker: VMSXF), a resource for investors and traders seeking the latest updates and insights on Nine Mile Metals stock.
Nine Mile Metals Ltd (VMSXF) is a mineral exploration company focused on discovering volcanogenic massive sulfide (VMS) deposits in Canada's Bathurst Mining Camp. This page provides official news updates and press releases detailing the company's exploration programs, technical developments, and strategic initiatives.
Investors and industry observers will find comprehensive coverage of drilling results, geophysical survey findings, and project milestones across key assets including The Wedge VMS Project and California Lake properties. All content is sourced directly from company disclosures to ensure accuracy and compliance with financial reporting standards.
Our news collection focuses on critical operational updates including borehole electromagnetic (BHEM) survey outcomes, time-domain electromagnetic (TDEM) data interpretations, and resource delineation progress. The archive also features strategic developments in the company's pursuit of copper, zinc, and precious metals essential for green energy transition.
Bookmark this page for convenient access to Nine Mile Metals' latest exploration updates and technical reports. Regularly updated with verified information, this resource serves as your primary reference for tracking the company's activities in one of Canada's most prospective mining districts.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) has provided an update on its Western Portfolio Advanced Geophysical Summer 2024 Exploration Program in the Bathurst Mining Camp, New Brunswick. Key highlights include:
1. Completion of three Bore Hole Electromagnetic (BHEM) surveys at the Wedge Project and one at California Lake.
2. Initiation of ground-based Time Domain Electromagnetic (TDEM) surveys at Wedge and California Lake.
3. Progress on a 1,400-line kilometer UAV drone magnetic survey, with 72% completion.
4. Preliminary results indicating moderate to strong conductors in several drill holes.
5. Les Forages Chapais drill rig on-site, awaiting final drill target processing.
The company is now awaiting final results, interpretation, and 3D modeling to identify and prioritize drill targets for the upcoming Phase 2 Drill Program.
Nine Mile Metals announced the results of drill holes WD-24-05 and WD-24-06 at the Wedge VMS target in Bathurst Mining Camp, New Brunswick. Highlights include intersections of copper, zinc, gold, and silver. WD-24-05 revealed four distinct zones of mineralization, with the highest copper equivalent (Cu-Eq) value at 1.40%. Drill hole WD-24-06 intersected copper-dominant mineralization with a maximum Cu-Eq value of 1.96%. The results indicate strong continuity of copper mineralization, with potential for sizable deposit expansion. Future surveys and drilling are planned to further explore the deposit's extent.
Nine Mile Metals has initiated an advanced geophysics program at its California Lake and Wedge VMS projects. Partnering with EarthEx Geophysical Solutions, the venture includes a 1400-line-kilometer UAV drone survey covering high-priority targets, coupled with advanced borehole and ground-based electromagnetic surveys.
The UAV survey will utilize cutting-edge technology for 3D subsurface modeling. EarthEx's proprietary systems aim to provide precise data to enhance drill target identification. This initiative is poised to improve structural definitions critical for mining operations.
The program is supported by the New Brunswick Junior Mining Assistance Grant, aiding Nine Mile Metals in refining its exploration strategies. The initiative marks a significant step in advancing the projects and prioritizing drill targets to optimize future drilling efforts.
Nine Mile Metals has announced certified assay results for drill hole WD-24-03 at The Wedge VMS Drill Target in Bathurst Mining Camp, New Brunswick. The drill hole intersected mineralization over 32.10m with a copper equivalent (Cu-Eq) of 1.58%. Notable sections include 16.15m at 2.60% Cu-Eq and 8.15m at 3.61% Cu-Eq. The assays revealed 0.60% Cu, 0.70% Pb, 1.98% Zn, 0.21 g/t Au, and 17.03 g/t Ag. Distinct zones included a Cu zone with 1.06% Cu, 1.17% Pb, and 2.97% Zn over 16.15m, and a Pb/Zn zone with 0.95% Cu, 2.29% Pb, and 5.80% Zn over 8.15m. Assays were processed by ALS Laboratories with stringent QAQC protocols.
Nine Mile Metals has announced the certified assay results for drill hole WD-24-08 at the Wedge VMS target in Bathurst Mining Camp, New Brunswick.
The drill hole intersected 1.34% Copper Equivalent (Cu-Eq) over 44 meters, including 3.73% Cu-Eq over 12 meters and 4.57% Cu-Eq over 9 meters.
The Upper Zone (37.00m - 49.00m) showcased significant mineralization with 0.95% Cu, 3.06% Pb, 4.95% Zn, 0.55 g/t Au, and 48.00 g/t Ag (3.73% Cu-Eq), highlighting 9 meters at 4.57% Cu-Eq.
The Lower Zone (75.00m - 81.00m) intersected 1.18% Cu, 0.05% Pb, 0.36% Zn, 0.09 g/t Au, and 8.00 g/t Ag (1.42% Cu-Eq).
The results support the extension of unmined ore in the eastern Wedge Deposit.
Nine Mile Metals announced the certified assay results for drill hole WD-24-08 at The Wedge VMS drill target in Bathurst Mining Camp, New Brunswick.
The highlights include a copper equivalent (Cu-Eq) of 1.34% over 44.00m, with notable sections like 3.73% Cu-Eq over 12.00m and 4.57% Cu-Eq over 9.00m.
The drill hole intersected significant mineralization, including copper, lead, zinc, gold, and silver.
The drill hole results are expected to support the expansion of The Wedge Deposit's footprint and its re-evaluation.
CEO Patrick J Cruickshank stated that the results will help plan phase 2 of the high-priority project in 2024.
Upcoming targets include California Lake Hole #10 and the Tri Bag trend.
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.
Nine Mile Metals has engaged EarthEx Geophysical Solutions Inc. to conduct BHEM surveys at California Lake and the Wedge drill holes. The surveys aim to detect the electrical conductivity of rocks, providing valuable data for future drilling. The Company is utilizing cutting-edge technology to explore potential VMS targets and mineralization. The positive outcomes of the surveys will guide additional drilling and further exploration efforts, enhancing the Company's understanding of the geological landscape and potential resource deposits.
Nine Mile Metals has completed the exercise and acquisition of 100% of California Lake, Canoe Landing Lake East, and Nine Mile Brook East mineral projects, owning 12 mineral claims totaling 38.94 km2. The Company issued common shares and converted cash payment into shares, subject to a hold period.
FAQ
What is the current stock price of Nine Mile Metals (VMSXF)?
What is the market cap of Nine Mile Metals (VMSXF)?
