05:04:12 EST Fri 23 Jan 2026
Enter Symbol
or Name
USA
CA



Nine Mile Metals Ltd
Symbol NINE
Shares Issued 149,082,682
Close 2026-01-22 C$ 0.20
Market Cap C$ 29,816,536
Recent Sedar+ Documents

Nine Mile completes fourth drill hole in Wedge program

2026-01-22 18:07 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES COMPLETION OF DDH WD-25-04, CONFIRMING 40M OF MINERALIZATION AT DEPTH

The fourth drill hole in Nine Mile Metals Ltd.'s Wedge western extension drill program (DDH-WD-25-04) has been completed:

  • DDH WD-25-04 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 335 degrees and a dip of minus 60 degrees to a final depth of 239 meters to expand the mineralization in WD-25-01 at depth.
  • DDH WD-25-04 was successful, with 40 metres (m) of mineralization, first intersected at 158 m and continuing to approximately 198 m. Once again, secondary copper, both covellite and bornite, was present in the hole.
  • At 158 m, copper-bearing sulphides (VMS (volcanogenic massive sulphide) -- Cu-Pb-Zn-Ag-Au (copper-lead-zinc-silver-gold)) was found in contact with sheared, graphitic sediments.
  • Between 162.0 and 183 m, the drill hole intersected a sequence of sheared silicified volcanics (rhyolite) with parallel bands of 5 to 8 per cent sulphides, including pyrite and chalcopyrite.
  • At 183 m, the volume of sulphides increases to 50 to 60 per cent with visible pyrite and chalcopyrite, the chalcopyrite occurring as both mineralized bands and as disseminations.
  • The sulphide mineralization in the drill hole occurs within silicified volcanics, the base of section brecciated before transitioning to sediments.

Gary Lohman, vice-president of exploration and director, stated: "Drilling continues to intersect massive to semi-massive copper-bearing mineralization in the western portion of the Wedge. The mineralized sheared rhyolite encountered in the drill hole is significant, now appearing in numerous holes with variable amounts of copper-bearing sulphides. Again, the presence of covellite plus or minus bornite confirms the presence of a significant copper-bearing system. When modelled, this unit will assist in targeting future drill holes since it is generally flanked by massive VMS."

Patrick J. Cruickshank, chief executive officer and director, stated: "Our drill program successes continue with this 40 m intersect of mineralization in this fourth drill hole WD-25-04. This is the fourth hole of a planned seven, designed by our technical team, headed by Mike Dufresne and Gary Lohman. The programs successes to date displays the hard work from all the 3=D modelling of historical data, new geophysical work by our team, and most important, our compilation, interpretation and hours of consultations with experts such as Jim Walker, PhD, from the ever-supportive NB DEM team in Bathurst. Our team is already laying the groundwork for the second phase of the Wedge program and the Tribag, west Wedge program for this spring, testing this string of anomalies stretching over six kilometres west of our Wedge deposit. The closing of our oversubscribed financing ensures an extensive 2026-2027 exploration program at all four projects in our portfolio, including our return to Nine Mile Brook. Our financial strength should allow us to have a lengthy program this year with the luxury of not having to raise for the foreseeable future reducing dilution risk for our shareholders. We look forward to continuing to update our shareholders with the completion of this program and the release of our certified assays."

All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst, N.B. A quick XRF analysis was also completed for sulphide confirmation -- filtering and width identification in definition for sampling core for ALS Global. A total of 57 samples have been identified for base and precious metals analysis, including antimony, and have been shipped to ALS Global, Moncton, N.B., for rush processing.

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and reviewed and approved by Gary Lohman, BSc, PGO, vice-president of exploration and director, who acts as the company's qualified person and is not independent of the company.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: the Wedge VMS project, the Nine Mile Brook VMS project, the California Lake VMS project and the Canoe Landing Lake (East-West) VMS project. The company is focused on critical minerals exploration (CME), positioning for the boom in EV (electric vehicle) and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.