00:20:53 EDT Thu 02 May 2024
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Nine Mile Metals Ltd
Symbol NINE
Shares Issued 69,468,387
Close 2024-01-11 C$ 0.105
Market Cap C$ 7,294,181
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Nine Mile receives permit OK for lens bulk sample

2024-01-12 10:16 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS RECEIVES BULK SAMPLE PROJECT PERMIT APPROVAL FOR ITS HIGH-GRADE LENS BULK SAMPLE PROJECT AT NINE MILE BROOK

Nine Mile Metals Ltd. has received final approval of its Nine Mile Brook lens bulk sample permit from the New Brunswick Department of Mines Resource Development Branch (NB DEM), for the Nine Mile Brook lens bulk sample project.

  • Nine Mile Metals has received final NB DEM bulk sample permit approval.
  • Nine Mile Metals has now initiated its vendors award and confirmation process.
  • Nine Mile Metals can now implement its program cost-budget analysis.
  • Nine Mile Metals can now begin scheduling the bulk sample excavation project timelines.
  • Nine Mile Metals must adhere to a $30,000 reclamation security deposit.

In the last month, the permit process included an extensive review by numerous branches of the provincial government, including Geological Services, Mining Recorder, Forestry, Worksafe NB, Aboriginal Affairs, Archaeological Services, and numerous sections of the Department of the Environment and representatives of the local government. The regional director of the Department of the Environment also reviewed the request. Since the program involves the extraction of volcanogenic massive sulphide mineralization, review by the Department of Environment was key due to the presence of conservation forest, wetlands, rivers and streams in the project area. In addition to providing engineering plans for the proposed work, a reclamation plan was also submitted, and all have been approved.

Nine Mile Metals vice-president, exploration and director, Gary Lohman, BSc, Geo, stated: "The team is pleased to receive the final approval for the bulk sample program at our high-grade Nine Mile Brook lens. Nine Mile can now implement its cost-budget analysis for the program, award the contracts and crew hirings for the work required, including upgrading the access road, site preparation, any required drilling/blasting, on-site crushing, transport of material for processing, and set timelines for execution. We look forward to our next announcement for this important project for our company."

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 and reviewed and approved by Mr. Lohman, BSc, PGeo, vice-president, exploration and director, who acts as the company's qualified person, and is not independent of the company.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical minerals exploration VMS (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: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (east-west) VMS; and the Wedge VMS projects. The company is focused on critical minerals exploration, positioning for the boom in electric vehicles and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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