Mike Fagan,
Editor
March 25, 2022
Green-energy minerals explorer Nine Mile Metals Ltd. (CSE: NINE)(OTC: STVGF) — currently trading around C$0.17 per share — has acquired 35 additional claims on the east flank of its 50%-owned, 25 sq km Nine Mile Brook VMS copper-dominant project in the world-class Bathurst Mining Camp of New Brunswick, Canada.
The Bathurst Mining Camp lays host to 95 volcanic massive sulfide (VMS) occurrences and 46 deposits, including the 335 million tonne (Mt) Brunswick No. 12 Mine, which operated for more than 5 decades, and Trevali Mining’s 71 Mt Caribou Mine, which hosts approximately 1.2 billion pounds of lead-zinc-copper-silver-gold in three stacked lenses.
The newly acquired claims cover the contact between the Canoe Landing Lake and Boucher Brook formations where several high-priority targets have been identified to the northeast of the Nine Mile Brook high-grade VMS copper-lead-zinc-silver-gold lens.
Highlights from a recently-completed surface sampling program at Nine Mile Brook include 38.8% lead-zinc, 2.69 grams per tonne gold, and 14.5 ounces per tonne silver.
Nine Mile Metals director, Patrick Cruickshank — whom you’re about to hear from directly in our exclusive interview — commenced on the results via press release:
“These are the highest reported values yet on all of Bathurst Mining Camp Projects and we couldn’t be more excited to explore for additional VMS Lens and the economic large source deposit they broke off from. Nine Mile is taking steps to secure the next phase of this exciting exploration program on Nine Mile Brook. We are pleased that the BV Labs Assay results confirm that the Newly Discovered VMS Lens extension, is much larger and continues with High-Grade VMS Mineralization.”
The company is currently integrating the new claims into an existing 3D geophysical model where advanced AI technology will be applied ahead of a planned 2022 spring exploration program with drill permitting underway.
Nine Mile Metals is also advancing the 100%-owned, 5.2 sq km Canoe Landing Lake West project, which is situated 10 km west of the Nine Mile Brook project and 3 km northwest of the 22.8 Mt Canoe Landing Lake Deposit.
Exploration at Canoe Landing Lake West will focus on locating targets along the north-trending sediments, volcanics, and their contacts.
With VMS deposits, you typically get “green-energy” minerals such as lead, zinc, copper, silver, and gold — all of which have important applications in the clean-energy revolution, including in the global EV megatrend.
Thus, it’s a great time to be exploring for that particular set of metals in a rising base and precious metals commodities market… and no better place to do that than in mining-friendly Canada, and more specifically, the world-class Bathurst Mining Camp of New Brunswick, Canada.
My colleague Gerardo Del Real of Junior Resource Monthly sat down with Nine Mile Metals director Patrick Cruickshank to go over the project, the team, the advanced exploration technology being deployed, and the early-stage opportunity at-hand. Enjoy!
Yours in profits,