Nine Mile Metals Reports High-Grade Copper Hits at Wedge Mine
Nine Mile Metals Ltd. (CSE:NINE) reported drilling results from its Wedge Mine project, featuring drill hole DDH WD-26-15 which intersected 4.88% copper equivalent over 7.6 meters, as well as a second interval of 2.89% copper equivalent over 1.2 meters. In addition, the exploration company expanded its mineral footprint, acquiring two claim blocks covering 14.42 square kilometers at Nine Mile Brook.
All six drill holes completed in the current program have encountered volcanic-hosted massive sulfide mineralization. Finding multiple mineralized zones helps establish geological continuity across the site, though the project remains early-stage with no official mineral resource estimate established yet. Shares of the company moved down 7.69% to 0.12 CAD during today's trading session.
Looking ahead, the company plans to perform borehole electromagnetic surveys across eight perimeter drill holes to evaluate potential mineralized extensions. These geophysics results are intended to guide priorities for Phase 2 drilling as part of a planned 10,000-meter program encompassing roughly 35 total holes.
Key points
- Drill hole DDH WD-26-15 intersected 4.88% copper equivalent over 7.6 meters and 2.89% copper equivalent over 1.2 meters at Wedge Mine.
- Nine Mile Metals acquired two new claim blocks totaling 14.42 square kilometers at Nine Mile Brook.
- All six drill holes in the current program have encountered volcanic-hosted massive sulfide mineralization.
- Borehole electromagnetic surveys are planned for eight perimeter holes to guide Phase 2 drilling targets.
- The company plans a 10,000-meter exploration program consisting of approximately 35 drill holes.
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What were the latest drill results from Nine Mile Metals?
Drill hole DDH WD-26-15 intersected 4.88% copper equivalent over 7.6 meters and 2.89% copper equivalent over 1.2 meters at the Wedge Mine project.
How much new exploration land did Nine Mile Metals acquire?
The company acquired two new claim blocks totaling 14.42 square kilometers at Nine Mile Brook.
What are Nine Mile Metals' upcoming exploration plans?
The company plans to conduct borehole electromagnetic surveys on eight perimeter holes to guide Phase 2 target selection within a planned 10,000-meter, 35-hole program.