07:19:54 EST Thu 27 Nov 2025
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Nine Mile Metals Ltd
Symbol NINE
Shares Issued 139,819,159
Close 2025-11-26 C$ 0.05
Market Cap C$ 6,990,958
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Nine Mile Metals confirms VMS zones at Wedge project

2025-11-26 18:59 ET - News Release

Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES COMPLETION OF DDH WD-25-01 AND CONFIRMS TWO ZONES OF VMS MINERALIZATION AT THE WEDGE PROJECT

The first drill hole in Nine Mile Metals Ltd.'s Wedge Western extension drill program (DDH-WD-25-01) has been completed to target depth and is in progress on its second hole (DDH-WD-25-02).

  • WD-25-01 was collared along the southern flank of the Wedge Mine and drilled at an azimuth of 335 degrees with a dip of negative 50 degrees to target the two modelled plates in the western extension.
  • DDH WD-25-01 was successful, intersecting approximately 22.40 metres (true width) of massive copper-bearing sulphides (VMS (volcanogenic massive sulphide) -- Cu-Pb-Zn-Ag-Au (copper-lead-zinc-silver-gold)), in the first target plate.
  • DDH WD-25-01 also intersected a second sulphide zone in target plate 2, which is currently being geologically logged, measured, photographed and cut for sampling.
  • A total of 65 sample sections have been identified for base and precious metals analysis (including antimony) by Actlabs, Fredericton, N.B. The VMS sulphides were visible so the company's time-consuming XRF analysis process was not performed on this large a section to expediate the samples to the labs for certified analysis, also keeping the crew from becoming backlogged in the drill program.
  • All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst, N.B.
  • WD-25-02 was collared on the same drill pad and drilled at an azimuth of 310 degrees and a dip of negative 50 degrees to intersect the first plate approximately 40 metres farther west to extend the mineralized zone along strike.
  • More details will follow when geological logging of the drill core has been completed.

Gary Lohman, vice-president of exploration, director, stated: "We are very pleased with the VMS sulphide mineralization intersects from our first drill hole, WD-25-01. The mineralization was intersected where projected and throughout its width, it is massive and looks non-descript as seen in the images above, however, upon close examination, chalcopyrite (Cu) is seen as very fine disseminations within a matrix of pyrite. With the success of the first hole, the technical team, with the assistance of Apex Geoscience, decided to turn the drill west (WD-25-02) to intersect the VMS sulphide zone along strike and extend the mineralized footprint west. We look forward to building on this success and reporting the ongoing progress of this important drill program at the Wedge project."

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: "The team is working diligently and efficiently to process the core as quickly as possible including carrying out core orientation and markup, geological logging, photography, cutting, and sampling, prior to submitting for assay. Our team is doing a stellar job. We are happy to deliver this update and will provide an update on hole WD-25-02 as soon as possible. Apex Geoscience has been instrumental in their advisory and drill program design along with our entire our technical team. We are well on our way with this exciting drill program at the Western extension of the Wedge. A more detailed update shortly once we interpret these two holes and make any adjustments or new targets to the program."

About Nine Mile Metals Ltd.

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

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