02:43:48 EDT Wed 20 May 2026
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Nine Mile Metals Ltd
Symbol NINE
Shares Issued 193,956,267
Close 2026-05-19 C$ 0.075
Market Cap C$ 14,546,720
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Nine Mile to begin drilling at Wedge

2026-05-19 19:48 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES DRILL RIG MOBILIZATION FOR THE WEDGE 10,000M DRILL PROGRAM AND TARGETS NEW HIGH GRADE COPPER ZONE

Orbit Garant will mobilize a YS2000 skid-mounted drill rig for Nine Mile Metals Ltd.'s coming Wedge 10,000-metre drill program next week. The drill rig is being prepped in Moncton, N.B., and is anticipated to arrive on site May 28. The drill program will commence at the Wedge mine for phase 3 drilling, and then continue to the TriBag and West Wedge targets. The company has the drill rig committed for the entire season through December.

Last fall's highly successful drill program concentrated on the southwestern extension of the Wedge mine, uncovering new high-grade copper-gold-silver lenses of the deposit. On the heels of the successful eastern expansion of the deposit, phase 2 expanded the footprint of the deposit, supporting its geophysical technology, new interpretation and modelling. This phase 3 drill program focuses specifically on these newly discovered high-grade zones and will target the western flank of the deposit from the other side of the fault zone, where the company lost water last year as it entered a high-grade copper zone on drill hole WD-25-2B within target No. 2, with the results being summarized in the table below. The company will also target the mine at depth. Apex Geoscience, Mike Dufresne, PGeo, technical adviser, and the team will be on site June 1 for a complete site visit on all four projects, including Nine Mile Brook, a priority for the fall of 2026.

Gary Lohman, vice-president, exploration, and director, stated: "We are looking forward to testing both the western extension and the depth of the deposit with drill holes designed by Mike Dufresne and the geophysical team at Apex Geoscience. With previous mining and exploration limited to the upper portions of the deposit, this series of drill holes will expand the mineralized footprint as we accomplished in the east, adding to the resource. All drill holes will be capped on completion to facilitate downhole geophysics (BHEM) or revisit to extend the holes, which, along with the cross-section drill results, assists in resource 3-D modelling and future exploration planning. We look forward to sharing our first results."

Headquartered in Val d'Or, Que., Orbit Garant Drilling is one of Canada's largest drilling companies, providing both underground and surface drilling services in Canada and internationally. With more than 200-plus drill rigs and over 1,000 specialized employees, Orbit Garant offers drilling services to major, intermediate and junior mining companies at every stage of mine exploration, development and production.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: "We are thrilled to receive clearance from the N.B. government to get heavy equipment on the BMC roads and mobilize the drill rigs to the Wedge. Our priority will be to test the deposit from the western side targeting the new high-grade Cu-Ag-Au lens identified in last fall's drill program. As previously stated, we will be able to drill the new lens from the other side of the fault that caused us to lose the water in the drill hole, just as we entered the high-grade copper lens in hole WD-25-2b. We will also test the depth of the deposit. We are pleased to have Mike Dufresne and the entire technical team all on site for a complete portfolio site visit and analysis for the basis for an updated 43-101 on the Wedge project and review of the Nine Mile Brook project to determine new drill targets at the lens. We look forward to updates from the drill site."

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public critical mineral exploration company focused on volcanogenic massive sulphide (copper, lead, zinc, silver and 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 Canoe Landing Lake (East-West) VMS project. The company is focused on critical mineral exploration, positioning for the boom in electric vehicle and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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