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Nine Mile Metals Announces Drill Program at Its California Lake VMS Project
VANCOUVER, British Columbia, Sept. 20, 2022 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announc
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 20, 2022 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces it has filed for drill permits with the NB Department of Energy and Mines (“NB DEM”) for its initial phase 1 drill program at its California Lake VMS Project in the world-famous Bathurst Mining Camp, New Brunswick, Canada (“BMC”). Nine Mile has received its re-processing analysis and identified the high priority targets at California Lake. The initial drill program is slated for up to 2,000 meters, utilizing the Lantech Drilling Company track-mount drill rigs due on site in October. The Stage 1 drill program will focus on the Project’s eastern section, the California Lake VMS Trend, where EarthEX Geophysical Solution’s (“EarthEX”) industry leading data re-processing analysis has identified high-priority conductors. Numerous drill holes are planned to test the volcanic sediment contact where both favorable VMS mineralization and alteration, including chlorite and sericite, were identified in outcrop. The proprietary analysis has identified the subtle targets that have traditionally been successfully drilled and become economic deposits. Preliminary processing of legacy data by EarthEX has already identified high-priority conductors at California Lake coincident with favorable geologic markers. The California Lake VMS Project covers a large stratigraphic section of the highly prospective Spruce Lake Formation which hosts numerous VMS deposits in the Bathurst Mining Camp, including the Caribou Mine to the north. Along the California Lake VMS Trend, there are 3 VMS occurrences including California Lake 32 South, California Lake 68 South and California Lake – Murray Brook respectively. Mineralization consists of both disseminated and stringer sulphides, in addition to tabular massive sulphides previously identified. At California Lake 32 South, fine grained sulphides occur along the contact of the felsic volcanics (hangingwall ) and metasediments. Mineralization consists of a Cu rich base grading upwards to a Pb / Zn rich zone. Iron formation, a key component in many of the BMC VMS deposits, was also identified in the zone. The VMS potential of the California Lake Formation Group is well known; however, this portion of the BMC has been poorly explored in comparison to the ...