KQ9

Nine Mile Metals Drills Three Mineralized Zones, With XRF Results Up to 4.41% Copper in Zone 1; Submits 56 Meters of Samples for Certified Lab Assays in Debut Wedge VMS Drill Program

Retrieved on: 
Wednesday, February 21, 2024

Drill hole WD-24-01 was initiated in the footwall sediments situated on the south flank of the historic mine site.

Key Points: 
  • Drill hole WD-24-01 was initiated in the footwall sediments situated on the south flank of the historic mine site.
  • The drill hole was successful, intersecting three mineralized zones including 6.18 meters of pyritic VMS with chalcopyrite and lesser Pb and Zn mineralization between 33.47 meters and 39.65 meters.
  • The VMS mineralization is very fine-grained consisting of 95% sulphides making Cu, Pb, Zn mineralogy difficult to identify.
  • The sum of the averages was divided by the number of pieces, the results of which are presented in Table 1 below.

Nine Mile Metals Amends Private Placement Financing

Retrieved on: 
Wednesday, February 14, 2024

VANCOUVER, British Columbia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) discloses that it will amend the proposed private placement that it announced in the Company’s news release on February 8, 2024 ( view here ), (the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) discloses that it will amend the proposed private placement that it announced in the Company’s news release on February 8, 2024 ( view here ), (the “Private Placement”).
  • The Private Placement will now consist of the sale of up to 4,166,666 units (each a “Unit”) at a price of $0.06 per Unit.
  • As previously announced, in consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of $0.10 for a period of 24 months.
  • All securities issued in the private placement will be subject to a four month and a day hold period.

Nine Mile Continues Wedge Project Option with First Anniversary Payments

Retrieved on: 
Friday, February 9, 2024

VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, (the “Option”) with Slam Exploration Ltd. (“Slam”).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, (the “Option”) with Slam Exploration Ltd. (“Slam”).
  • The Option and payments were previously announced on February 16, 2023.
  • The Company has issued 200,000 common shares at a deemed price of $0.08 per share, in accordance with the Option.
  • Slam and the Company have agreed to convert the $20,000 cash payment owing under the Option to units as part of the Company’s recently announced private placement.

Nine Mile Metals Private Placement Financing

Retrieved on: 
Thursday, February 8, 2024

VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces its intention to complete a private placement for proceeds of up to $500,000 (the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces its intention to complete a private placement for proceeds of up to $500,000 (the “Private Placement”).
  • The Private Placement will consist of the sale of up to 8,333,333 units (each a “Unit”) at a price of $0.06 per Unit.
  • In consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of $0.10 for a period of 24 months.
  • All securities issued in the private placement will be subject to a four month and a day hold period.

NINE MILE METALS – Correction Notice

Retrieved on: 
Monday, January 29, 2024

VANCOUVER, British Columbia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) issues a correction to its press release originally issued on Friday, January 26, 2024, ( click here to view) announcing the activation of the Wedge Project drill program and providing an update on the California Lake Drill Target #10.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) issues a correction to its press release originally issued on Friday, January 26, 2024, ( click here to view) announcing the activation of the Wedge Project drill program and providing an update on the California Lake Drill Target #10.
  • The drill target is located in rolling hills west of Bathurst, N.B.
  • Department of Transportation and Infrastructure, making access for both crew and fuel trucks extremely hazardous in bad winter weather.
  • Geo., Director who acts as the Company’s Qualified Person, and is not independent of the Company.

Nine Mile Metals Activates the Wedge Project Drill Program, and Provides California Lake Drill Target #10 Update, Bathurst Mining Camp, New Brunswick

Retrieved on: 
Friday, January 26, 2024

Drilling at California Lake Target #10 stopped on December 17th, 2023, above target depth due to inclement weather.

Key Points: 
  • Drilling at California Lake Target #10 stopped on December 17th, 2023, above target depth due to inclement weather.
  • Once shut down, the drill was relocated to the Wedge to avoid having equipment stuck deep in the bush over the winter months.
  • Figure 1: WEDGE Drill Program High Priority Targets #1 & #2, Bathurst Mining Camp
    Drill targeting will focus on target areas #1 and #2 as shown on the above figure.
  • Patrick J Cruickshank, MBA , CEO & Director stated “both the California Lake Target 10 area and the Wedge projects are very high priority and important for Nine Mile Metals.

Nine Mile Metals Receives Bulk Sample Project Permit Approval for Its High-Grade Lens Bulk Sample Project at Nine Mile Brook

Retrieved on: 
Friday, January 12, 2024

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has received Final Approval of its Nine Mile Brook Lens Bulk Sample Permit from the NB Department of Mines Resource Development Branch (NB DEM), for the Nine Mile Brook Lens Bulk Sample Project.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce it has received Final Approval of its Nine Mile Brook Lens Bulk Sample Permit from the NB Department of Mines Resource Development Branch (NB DEM), for the Nine Mile Brook Lens Bulk Sample Project.
  • In addition to providing engineering plans for the proposed work, a reclamation plan was also submitted, and all have been approved.
  • Nine Mile Metals VP Exploration and Director, Gary Lohman, B.Sc., Geo., stated that, “The team is pleased to receive the final approval for the bulk sample program at our high – grade Nine Mile Brook Lens.
  • Geo., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

Nine Mile Metals Closes 1st Tranche of $1,500,000 Private Placement

Retrieved on: 
Tuesday, December 19, 2023

VANCOUVER, British Columbia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of the first tranche of a private placement of up to $1,500,000 (the “Offering”).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of the first tranche of a private placement of up to $1,500,000 (the “Offering”).
  • The Company issued 5,625,000 flow-through units (each, a “Unit”) at a price of $0.20 per Unit, for proceeds of $1,125,000.
  • The proceeds raised through the offering will be used to carry out drilling and exploration work programs on its four VMS properties in New Brunswick, Canada.
  • All securities issued in the Offering are subject to a four-month hold period.

Nine Mile Metals Provides Drilling Update at California Lake Drill Hole (CL23-10-01)

Retrieved on: 
Monday, December 18, 2023

VANCOUVER, British Columbia, Dec. 18, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on its current drillhole (CL23-10-01) at its California Lake VMS Project.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 18, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on its current drillhole (CL23-10-01) at its California Lake VMS Project.
  • The Azimuth and dip are monitored daily, the Azimuth presently at 209 degrees and the Dip flattened to 65 degrees.
  • Figure 3 : (CL23-10-01) Tectonic Zone with White Quartz, Orange K-Spar
    Nine Mile Metals VP Exploration and Director, Gary Lohman, B.Sc., P.Geo., stated that, “The drill hole is on target as we continue to drill through the Flat Landing Brook felsic volcanics / Tectonic Zone.
  • Local intense hydrothermal alteration, high temperature mineralogy and sulphide banding confirm the potential of the California Lake VMS West trend.

Nine Mile Metals Completes Convertible Loan Financing

Retrieved on: 
Friday, December 15, 2023

VANCOUVER, British Columbia, Dec. 15, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it has closed its convertible loan financing for a total of $201,000 (the “Loans”).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 15, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it has closed its convertible loan financing for a total of $201,000 (the “Loans”).
  • The Convertible Loans have a term of 12 months from the closing (the “Maturity Date”) and bear interest at 15 per cent per annum, calculated and payable on the Maturity Date.
  • Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital.
  • $10,400 in cash and 104,000 Warrants were received by Research Capital Corporation as a Finder’s Fee for the Convertible Loan.