Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: STVGF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce the certified ALS Global lab assay results for Hole NM220003, at the Company's initial Stage 1 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, New Brunswick, Canada ("BMC").
| DDH HOLE - NM220003 (CERTIFIED LAB ASSAY RESULTS) | |||||||||
| (10.45 Continuous Meters - Sampled) | |||||||||
| | | ||||||||
| Sample # | From (m) | To (m) | Width | Cu % | Zn % | Pb % | Ag (g/t) | Ag (oz) | Au g/t |
| | |||||||||
| 683604 | 0.00 | 1.50 | 1.50 m | 7.00 | 0.39 | 0.77 | 191 | 6.14 | 1.935 |
| 683605 | 1.50 | 2.75 | 1.25 m | 4.83 | 0.26 | 0.30 | 36 | 1.16 | 0.822 |
| 683606 | 2.75 | 3.75 | 1.00 m | 8.8 | 0.25 | 0.44 | 92 | 2.96 | 1.275 |
| 683607 | 3.75 | 4.75 | 1.00 m | 6.46 | 8.98 | 5.96 | 322 | 10.35 | 0.913 |
| 683608 | 4.75 | 5.75 | 1.00 m | 5.17 | 12.30 | 4.96 | 443 | 14.24 | 1.335 |
| 683609 | 5.75 | 6.75 | 1.00 m | 3.81 | 24.40 | 5.46 | 270 | 8.68 | 2.28 |
| 683610 | 6.75 | 7.75 | 1.00 m | 4.61 | 7.56 | 3.38 | 166 | 5.34 | 1.97 |
| 683611 | 7.75 | 8.25 | 0.50 m | 7.99 | 2.74 | 2.23 | 204 | 6.56 | 1.035 |
| 683612 | 8.25 | 9.45 | 1.20 m | 12.5 | 0.47 | 0.32 | 60 | 1.93 | 0.808 |
| 683613 | 9.45 | 10.45 | 1.00 m | 7.95 | 2.21 | 3.07 | 75 | 2.41 | 0.663 |
| | | ||||||||
| TOTAL | 0.00 m | 10.45 m | 10.45 m | 6.92 | 5.60 | 2.52 | 179.28 | 5.76 | 1.33 |
| | | ||||||||
| Including | 0.00 m | 8.25 m | 8.25 m | 5.99 | 6.76 | 2.77 | 209.27 | 6.73 | 1.48 |
| 3.75 m | 8.25 m | 4.50 m | 5.34 | 12.40 | 4.64 | 289.56 | 9.31 | 1.56 | |
"The certified assays received from ALS Global, North Vancouver, were not unexpected after logging the drill core and seeing extensive visible copper mineralization. As previously demonstrated, the higher silver assays are coincident with the elevated lead and zinc, a correlation we have seen in both drill holes core and surface sampling. We look forward to reporting the remaining assays as soon as received. The team is also excited to commence the Bore Hole Electro-Magnetic (BHEM) survey which should identify additional subsurface mineralized bodies along the prospective horizon," stated Gary Lohman, P.Geo., Technical Advisory Committee.
Photos of Actual Core Samples Submitted to ALS Global Labs Represented in the Chart Displayed
Figure 1
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Figure 2
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Figure 3
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Figure 4
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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 ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the Company's Qualified Person, a member of Nine Mile's Technical Advisory Committee, and is not independent of the Company.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. 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 three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East - West) VMS Project. The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
ON BEHALF OF NINE MILE METALS LTD.
"Charles MaLette"
CEO, President, Director & Secretary
T: 604-428-5171
E: info@ninemilemetals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) We look forward to reporting the remaining assays as soon as received , and (b) The team is also excited to commence the Bore Hole Electro-Magnetic (BHEM) survey which should identify additional subsurface mineralized bodies along the prospective horizon. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
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