Business
Nine Mile Metals Plans Phase 2 Drill Program of up to 5,000 Metres on Its Nine Mile Brook VMS Project
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2022) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is p
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 4, 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 Nine Mile Brook VMS Project in the world famous, Bathurst Mining Camp (\"BMC\") in New Brunswick. Nine Mile has completed its initial Drill Program at its flagship Nine Mile Brook VMS Project. EarthEX Geophysical Solutions (\"EarthEX\") in Selkirk, MB is in the process of analyzing the Borehole survey data, drill hole logs, drill core assays, and structural data with their proprietary algorithms and will be integrated into our 3D exploration model. EarthEX is also engaged with conducting petrophysics analysis on our drill core samples (including host sediments) of drill holes (#3-7) in their rock physical properties lab. The goal is to get a digital signature corresponding to the conductivity of this specific core in its host sedimentary rock package. Every deposit in the BMC California Lake Group is above the sediments package. EarthEX will analyze our Nine Mile Brook VMS Project data for matches in that signature for a match. Patrick Cruickshank, MBA, director of Nine Mile and member of the Technical Committee, commented, \"We had had a technical meeting with the New Brunswick Department of Energy and Mines, who have a number of staff who are very experienced in the BMC formation and all deposits in the BMC. We shared our high-grade core and came to several conclusions: we have clearly defined a Lens, and we will be able to define its current mineralized dimensions; this is among the highest-grade core seen in the BMC. The resulting conclusion is that Nine Mile is so close to the original vent that created this large area of mineralization; we have a rhyolite cap with massive sulphides covering approximately 50m located within 10m from the Lens. Each deposit in the California Lake Group had a massive sulphide rhyolite cap, an important component in the VMS system; and the Company has defined the structural system that caused the break of the original body and broke off the Lens. We now have the footprint of the location to explore for the remaining Lens bodies.\" We are currently applying for new drill permits for the Phase 2 drill program following up with our Lens discovery which we expect to start drilling by Octobe...