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Nine Mile Metals Provides Brook Drill Program Update – Identifies VMS System at “Islands Target Area”
VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleas
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has completed the first half of the Nine Mile Brook Drill Program II completing 14 holes representing 3,059 meters (Figure 1, Table 1). The initial holes tested numerous geological and geophysical targets. Target areas included I.P. responses at Hinge A, magnetic nodes south of Hinge A, I.P. anomalies to north along the contact of the Boucher Brook sediments and felsic volcanic rocks of the Spruce Lake Formation (California Lake Group) and a previously untested gravity target to the southwest (NM23019). Drill Hole AI (Historical Artificial Intelligence Target) was setup on the same collar as NM23027. Drill holes NM23031, NM23032 and NM23033 were collared within the circle southwest of the VMS Lens (LENS). A planned pause in activity coincided with “Spring Break Up” this year where the annual snow melt causes flooding of access roads and drill sites. To limit damage during this period, a government mandated road closure was put in place along our main access route until drier conditions prevail. As soon as the roads and access routes open up, we look forward to the continuation of the drill program. As part of our regular exploration process, a pause in drilling is scheduled, allowing the team to complete the logging and formatting of data for migration into the living 3D model. The model has projections of the drill holes including the geology, structure, mineralization, and subsurface geophysical anomalies allowing for better interpretation and targeting going forward. Priority drill holes generated from the I.P. survey (MAG / IP / RES) included a series of 4 holes to the north along the sediment / felsic volcanic contact, California Lake Group and 3 drill holes on the south flank of Hinge A. The targets included well defined magnetic, chargeability and resistivity anomalies along the felsic / sediment contact. Elevated magnetics are characteristic of VMS deposits in the BMC, most deposits having associated iron formation proximal to the mineralization. Chargeability is indicative of sulphide mineralization while resistivity defines associated alteration such as silicification. Southwest of Hinge A, a new, mineralized system was identified associa...