21:40:46 EDT Wed 17 Jun 2026
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Nine Mile Metals Ltd
Symbol NINE
Shares Issued 193,956,267
Close 2026-06-17 C$ 0.10
Market Cap C$ 19,395,627
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Nine Mile completes drill hole at Wedge mine

2026-06-17 18:22 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES COMPLETION OF DDH WD-26-02,INTERSECTING 234.15 METERS OF VISUAL MINERALIZATION AND DISCOVERS A NEW COPPER RICH VMS HORIZON AT THE WEDGE MINE

Nine Mile Metals Ltd.'s DDH WD-26-02 has been completed, logged, measured and zones of mineralization have been identified.

  • DDH WD-26-02 was successful, intersecting base metal sulphides, pyrite and chalcopyrite mineralization between 39.20 and 273.35 metres (234.15 m.) with two distinct horizons of visible copper-bearing VMS (volcanogenic massive sulphide) mineralization, the lower, a new copper-rich VMS horizon at depth.
  • DDH WD-26-02 was collared in the north and drilled at an azimuth of 175 degrees and a dip of negative 60 degrees to a final depth of 290.50 metres to expand mineralization intersected in 2024 and 3-D modelling by Apex Geoscience.
  • The drill hole was collared in siliceous volcanics followed by sequence of banded sediments, the presence of local pyrite plus/minus chalcopyrite commencing at 39.20 metres then increasing at approximately 97.00 metres.
  • At 102.50 metres, pyrite and chalcopyrite are within black sediments followed by the upper mineralized zone between 105.80 and 114.30 metres (8.50 m) consisting of abundant pyrite and visible chalcopyrite.
  • Pyrite plus/minus chalcopyrite mineralization continues to 204.60 metres, the lower contact comprising sheared volcanics. Between 204.60 and 222.30 metres, (17.70 m) a new copper-bearing VMS horizon was intersected having a true width of 17.70 metres, comprising 70 per cent sulphides including massive, visible chalcopyrite, pyrite, galena and sphalerite.
  • The sulphide mineralization over the 234.15 metres occurs within both sediments and silicified volcanics as bands, stringers and fine-grained masses adjacent to the VMS horizons.

Gary Lohman, vice-president, exploration, director, stated: "Drilling continues to intersect massive to semi-massive copper-bearing mineralization, the new horizon at depth a welcome surprise confirming the robust nature of the Wedge. Due to the massive nature of the mineralization and presence of galena and sphalerite, we also look forward to the lead and zinc assays in addition to gold and silver."

Apex Geoscience was present at site, confirming all Nine Mile drill holes, inspecting core, reviewing current drill program progress and providing insight in preparation for a National Instrument 43-101 report. Apex Geoscience recommended additional holes on the North flank of the deposit, to aid with their 3-D modelling and the National Instrument 43-101 assessment report in progress.

Patrick J. Cruickshank, chief executive officer and director, stated: "We continue to demonstrate a very large copper dominant system exists at the Wedge mine. We were pleased to have both Apex Geoscience & Jim Walker to share technical expertise and advise on the current drill program, both on site and in the core shack. We look forward to sharing our certified results and our next hole summary. This drill season will be a defining one for our company, and it has started off very successfully on the heels of last fall's program."

All drill core has been measured, logged, photographed, marked for sampling at the company's warehouse in Bathurst, N.B. A quick XRF analysis was also completed for base metal confirmation -- filtering and width identification in definition for sampling core for ALS Global. When sampling is complete, the samples will be shipped to ALS Global in Moncton, N.B., for base, precious metal and antimony analysis.

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, 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 critical minerals VMS (Cu (copper), Pb (lead), Zn (zinc), Ag (silver) and Au (gold)) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: Wedge VMS project, Nine Mile Brook VMS project, 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 AI (artificial intelligence) data centres and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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