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Nine Mile Metals Identifies New VMS High Priority Targets at Its Flagship Nine Mile Brook VMS Project
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the \"Company\" or \"Nine Mile\") is pleased to provide an exploration update on its flagship Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (\"BMC\") in New Brunswick. The Company received its geophysical re-processing 3D modeling from EarthEX Geophysical Solutions (\"EarthEX\"). The 3D model consolidates all existing geophysics, public and private data sets, government MegaTEM surveys, and assays. EarthEX has re-processed all the data sets with their proprietary algorithms and have provided the results and prioritized targets. Using late time conductive analysis, we now have eleven (11) high priority VMS targets at Nine Mile Brook, displayed on the image below. Of the eleven priority Targets, three (3) are immediately surrounding the recently drilled Nine Mile Brook lens. Figure 1: Newly Identified High Priority VMS Targets over Late Time Conductance Analysis. There are clearly three (3) independent VMS target systems present including: Boucher Brook Formation Sediment Contacts, Spruce Lake Formation Contacts and Vent-Lens Target Zone Area. In the above figure, eleven (11) target zones are presented overlying the late time conductance, a required characteristic of BMC VMS mineralization. The signature derived from the late time channels of the EM response which is highly indicative of stronger conductors such as VMS mineralization. Within each target zone, multiple geophysical anomalies have been delineated by EarthEX, the conductive responses shown in red (strong), yellow (moderate) and blue (weak). Adjacent to the lens, there are three (3) specific large target zones with well defined, strong conductors, most with a signature of approximately 500 meters or less in length, a characteristic of BMC deposits, and indicative of a discreet subsurface target not related to a formational response. These targets are a high priority due to recent drill results that suggest the lens was proximal to a vent complex. All these target zones are within the Boucher Brook Sediments with individual conductors coincident with or near parallel to the Willett Horizon, the 800-meter structural zone that broke off the lens and associated rhyolite. As shown in Figure 2, there are three (3) high priori...