Nine Mile Metals Ltd. Announces Assay Results from Nine Mile Brook VMS Project Including 38.8% Lead-Zinc, 2.694 g/t Gold and 14.50 oz/t Silver | 2022-02-07 | Press Releases

Vancouver, British Columbia–(Newsfile Corp. – February 7, 2022) – NINE MILE METALS LTD. (CSE: NINE) (the “Society” Where “Nine thousand“) is pleased to announce the results of a work program performed on the Nine Mile Brook VMS project (“Nine Mile Brook”) by Fiddlehead Mining Corp. (“FMC”) and before the company n acquires an interest in Nine Mile Brook (see press releases dated November 29, 2021 and January 25, 2022).

FMC completed a work program in September 2021 to sample sections of the VMS Lens Extension. Ten (10) samples were detached from the VMS lens extension for analysis and submitted for analysis to Bureau Veritas Laboratories located in Timmins, Ontario (“BV Labs”). Due to the high quality nature of the samples, the analytical package AR404 was requested, the method specifically designed for high precision and accuracy required to quantify the building blocks for resource assessment. This method had a maximum upper limit of 20% for copper, lead and zinc. As some values ​​were above the upper limit, analytical packages MA370 and GC817 were also used by BV Labs, the latter having an upper limit of 100% Pb for lead. The results are summarized below in Table 1.

Table 1: BV Labs test results

To taste # Cu bp Zn Pb-Zn At AG AG
% % % Combined

%
g/t g/t oz/t
219M01 7.394 16.63 9.92 26.55 1.195 450 2:47 p.m.
219M02 3.235 20.73 9.95 30.68 1.234 433 13.92
219M03 1.894 19.82 11.19 31.01 0.761 346 11.13
219M04 1.769 12.13 19.79 31.92 2.446 111 3.57
219M05 7.527 0.41 0.16 0.57 1.366 48 1.54
219M06 1.063 19.12 16.61 35.73 2.694 166 5.34
219M07 0.692 19.02 8.09 27.11 2.317 315 10.13
219M08 7.493 0.31 0.06 0.37 1.456 281 9.04
219M09 0.532 16.07 22.11 38.18 2,370 81 2.61
219M010 0.849 9.64 27.06 36.70 2.240 308 9.90

The base and precious metal values ​​encountered in this latest round of sampling are excellent in both quality and consistency. Assay results demonstrate variability within the VMS sequence at Nine Mile Brook, evidenced by discrete, high-grade sections of base and precious metals.

Patrick J Cruickshank, MBA, Company Director and President and CEO of FMC, said, “These are the highest values ​​reported to date on any Bathurst mining camp project and we couldn’t be more excited to explore further VMS lenses and the large source deposit economy from which they separated. Nine Mile is taking steps to secure the next phase of this exciting exploration program at Nine Mile Brook. We are pleased that the BV Labs Assay results confirm that the extension of the newly discovered VMS lens is much larger and continues with high grade VMS mineralization.

In 2022, the Company’s exploration will focus on defining potential targets within and near the California Lake Group volcanoes north of the VMS lens. To assist, high definition UAV magnetism will be used to define the extent of the mineralized lens and associated geological contacts.

Figure 1: California Lake Group Volcanoes Host Numerous VMS Deposits in BMC

To see an improved version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/7335/112955_285e093924e20bad_001full.jpg

Host to Trevali Mining Corp’s Caribou mine, the California Lake Group, shown in orange in Figure 1, is one of the 3 major units that host VMS deposits in the BMC. The Nine Mile Brook Lighthouse is home to a large geological section at the heart of its land ensemble. This high priority target area is up-ice and may have been the potential source of the exposed VMS mineralization.

The disclosure of technical information in this press release has been prepared in accordance with the Canadian regulatory requirements set forth in National Instrument 43-101 – Disclosure Standards for Mining Projects (“NI 43-101”) and reviewed and approved by Gary Lohman , B.Sc., P. Geo. who acts as a qualified person of the Company and as the Chief Operating Officer of FMC, and is not independent of the Company.

About Nine Mile Metals Ltd. :

Nine Mile Metals Ltd. is a mining exploration company. Its primary business objective is to explore its two properties located in New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned Nine Mile Brook.

ON BEHALF OF NINE MILE METALS LTD.

“Charles Mallet”

CEO, President, Director and Secretary

Phone. : 604-428-5171

E: [email protected]

Forward-looking information:

This press release may contain forward-looking information within the meaning of Canadian securities laws regarding 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 using words such as “will”, “may”, “could”, “expect”, “intend”, “plan”, “seek”. , “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, “probable”, “could” and variations of these similar terms and expressions, or the negative of these terms or expressions similar. Forward-looking statements in this press release include that assay results are highest at the Bathurst Mining Camp projects; the Company will explore the additional VMS lens and the significant economic source deposit; the Company is taking steps to secure the next phase of this exciting exploration; the company’s exploration will focus on defining potential targets within and near the California Lake Group volcanoes north of the VMS lens; that high definition UAV magnetism will be used to define the extent of the mineralized lens; that Nine Mile Brook hosts a large geological section at the heart of its land mass; and that this high priority target area is up-ice and may have been the potential source of the exposed VMS mineralization. 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 forward-looking information as Nine Mile cannot guarantee that it will prove to be accurate.

The Canadian Securities Exchange (CSE) has not reviewed and accepts no responsibility for the adequacy or accuracy of the content of this release.

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