Nine Mile Metals Activates the Wedge Project Drill Program, and Provides California Lake Drill Target #10 Update, Bathurst Mining Camp, New Brunswick

VANCOUVER, British Columbia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine and has mobilized the Drill Rig onsite for its High Priority Drill Program on Targets #1 & #2.

Drilling at California Lake Target #10 stopped on December 17^th, 2023, above target depth due to inclement weather. The drill target is located in rolling hills west of Bathurst and the roads (20 km+) are not maintained by the NB Department of Highways making access for both crew and fuel trucks extremely hazardous.

The drill hole has been capped and will be re-entered when weather permits. Once shut down, the drill was relocated to the Wedge to avoid having equipment stuck deep in the bush over the winter months. Meanwhile, drill core is being cut and submitted to ALS Certified Labs in Vancouver for assay. Downhole geophysics (BHEM) is also being evaluated since this can be done in the winter months prior to resuming the drill program, through snowmobile access. We are obtaining quotes and recommendations for implementation.

Figure 1: WEDGE Drill Program High Priority Targets #1 & #2, Bathurst Mining Camp

Drill targeting will focus on target areas #1 and #2 as shown on the above figure. Located approximately 4 kilometers west of Hwy 430, the Wedge target areas #1 & #2 are the only accessible targets in the western portfolio due to heavy snowstorms and the New Brunswick Snowmobile Federation (NBSF), who take over road responsibilities for grooming until April. Arrangements have been made with the NBSF allowing us to clear a portion of the road to facilitate access to the Wedge for fuel deliveries. Drilling is expected to commence immediately targeting the Wedge Mine (Target #1) at depth and defined targets to both the southeast and to the northwest.

“Drilling will target the historic Wedge Mine area (Target #1) including the mineralized horizon and geophysical trends along strike to the northwest (Target #2) that Cominco identifies but never drill tested. Additional drill holes are planned to the southeast of the mine in a new area identified by EarthEx and their Late Time conductive response analysis, portrayed by the red axis line on Figure 1, where no drilling has been reported. “ stated Gary Lohman, B.Sc., PGO., Nine Mile Metals VP Exploration and Director.