9 Mile Metals Broadcasts Licensed Drill Outcomes on Holes CL22-12 & CL22-13 on the California Lake VMS Drill Program

Determine 1:

Determine 2:

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) — NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Firm” or “9 Mile”), is happy to supply the Licensed Assay outcomes from ALS International Labs for VMS goal holes CL22-12 and CL22-13, at its preliminary Part 1 drill program at its California Lake VMS Undertaking within the world-famous Bathurst Mining Camp, New Brunswick (“BMC”).

• CL22-12 (Higher Zone) 34.15m to 35.30m (1.15m width)
  Licensed Assays (0.20% Cu, 2.64% Pb, 8.07% Zn, 78 g/t Ag & 1.38 g/t Au)

• CL22-12 (Decrease Zone) 51.04m to 52.60m (1.56m width)
  Licensed Assays (0.09% Cu, 4.09% Pb, 12.59% Zn, 100. g/t Ag & 1.04 g/t Au)

• CL22-12 (Decrease Zone) 52.04m to 52.60m (0.56m width)
  Licensed Assays (0.11% Cu, 8.66% Pb, 22.3% Zn, 172 g/t Ag & 1.63 g/t Au)

• CL22-13 (Decrease Zone) 51.23m to 53.23m (2.0m width)
  Licensed Assays (0.17% Cu, 1.08% Pb, 5.64% Zn, 27.00 g/t Ag & 0.54 g/t Au)

Highlights:

• VMS Goal Gap CL22-12 was collared roughly 75 meters northwest of discovery gap CL22-06 and drilled in the direction of its collar, dipping – 45 levels to a depth of 62 meters intersecting (7) zones of huge VMS mineralization between 34.15 and 52.60 meters (18.45m.)

• VMS Goal Gap CL22-13 was drilled from the identical setup as CL22-12 alongside the identical azimuth dipping – 55 levels to a depth of 80 meters to check the depth extension of the mineralization in CL22-12. The opening intersected (3) zones of seen huge VMS mineralization between 49.23 and 59.00 meters (9.77m).

• VMS mineralization in each drill holes was once more dominated by Zn, mineralization, with particular person pattern sections as much as 22.30% Zn. (As much as 30.96% mixed Pb – Zn)

• Pb mineralization could be very advantageous grained and regionally tough to establish.

• The copper mineralization was seen, occurring as very small, 1 – 2mm. blebs of chalcopyrite finest seen on lower drill core.

• Ag mineralization is straight associated to the presence of lead (Pb), as demonstrated by sample226239 in gap CL22-12 which assayed 8.66% Pb and 172 g/t Ag.

• Au additionally accompanies the VMS mineralization, averaging 0.86 g/t Au within the VMS sections of the two drill holes, the best worth assaying 1.625 g/t Au from pattern 226239 (CL22-12).

• Each drill holes show that the mineralized zone is open in each instructions alongside strike and depth.

Patrick J Cruickshank, MBA, CEO & Director said, “We had been very impressed by the bigger intersects of Gap CL22-12 of 18.45m and Gap CL22-13 of 9.77m. Gap CL22-12 has an Higher & Decrease Zone with spectacular outcomes. Each holes have robust Zinc-Silver & Gold assay mineralization. Anytime you drill a gap and hit 18.45m of twenty-two.40 g/t Ag & 0.29 g/t Gold, you have to take discover and that signifies a robust VMS system under. Gap CL22-13 additionally hit 5.21m of 20.18 g/t Silver & 0.40 g/t Gold, respectively. We’re at the moment creating the superior exploration program for this 1.5kms lengthy goal with our Technical Staff together with EarthEX and our 3D Drone UAV programs with proprietary algorithms processing and AI evaluation.”

Drill Holes CL22-12 and CL22-13 approached the mineralized zone from the west, each intersecting quite a few zones of seen VMS mineralization, CL22-13 undercutting CL22-12 at depth. The host rocks are primarily sediments with native bands of volcanics. Mineralization is typical of the BMC with sections consisting of 95%+ sulphides together with pyrite, sphalerite (Zn) galena (Pb) and regionally disseminated (Cu) chalcopyrite.

Determine 1: Drill Core Gap CL22-12

“Drill Holes CL22-12 and CL22-13 proceed to show the potential alongside the 1.5-kilometer geophysical pattern outlined by EarthEx Geophysical Options Inc. from the reprocessed regional MegaTEM information. The presence of considerable Au and Ag is in step with occurrences on this portion of the California Lake space of New Brunswick. The staff is trying ahead to modeling the geology and assays previous to initiating the 2023 program,” said Gary Lohman, B.Sc., P. Geo., VP Exploration and Director.

The Pb, Zn mineralization means that preliminary deposition occurred alongside the flanks of a VMS mineralization nonetheless the dense sulphides stay intact having usually laborious contacts with the encompassing sediments. Particular person mineralized widths throughout the 10-meter part might be larger than 2.5 meters as seen in CL22-13. Pyrite mineralization can be current throughout the sediments.

Determine 2: VMS Mineralization in Drill Core (CL22-13)

The disclosure of technical info on this information launch has been ready in accordance with Canadian regulatory necessities as set out in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”) and reviewed and authorised by Gary Lohman, B.Sc., P. Geo., VP Exploration and Director who acts because the Firm’s Certified Individual and isn’t unbiased of the Firm.

About 9 Mile Metals Ltd.:

9 Mile Metals Ltd. is a Canadian public mineral exploration firm centered on VMS (Cu, Pb, Zn, Ag and Au) exploration within the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Firm’s major enterprise goal is to discover its three VMS Tasks: 9 Mile Brook VMS Undertaking; California Lake VMS Undertaking; and the Canoe Touchdown Lake (East – West) VMS Undertaking. The Firm is targeted on Important Minerals Exploration (CME), positioning for the increase in EV and inexperienced applied sciences requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

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ON BEHALF OF NINE MILE METALS LTD.

“Patrick J Cruickshank, MBA”
CEO and Director
T: +1.506-804-6117
E: [email protected]

Ahead-Wanting Data:

This press launch might embody forward-looking info throughout the that means of Canadian securities laws, in regards to the enterprise of 9 Mile. Ahead-looking info is predicated on sure key expectations and assumptions made by the administration of 9 Mile. In some circumstances, you’ll be able to establish forward-looking statements by means of phrases equivalent to “will,” “might,” “would,” “anticipate,” “intend,” “plan,” “search,” “anticipate,” “imagine,” “estimate,” “predict,” “potential,” “proceed,” “doubtless,” “may” and variations of those phrases and comparable expressions, or the detrimental of those phrases or comparable expressions. Ahead-looking statements on this press launch embody that (a) drill holes CL22-12 and CL22-13 proceed to show the potential alongside the 1.5-kilometer geophysical pattern, (b) anytime you drill a gap and hit 18.45m of twenty-two.40 g/t Ag & 0.29 g/t Gold, you have to take discover and that signifies a robust VMS system under, (c) we’re at the moment creating the superior exploration program for this 1.5kms lengthy goal with our Technical Staff, (d) the staff is trying ahead to modeling the geology and assays previous to initiating the 2023 program, and (e) the Pb, Zn mineralization means that preliminary deposition occurred alongside the flanks of a VMS mineralization. Though 9 Mile believes that the expectations and assumptions on which such forward-looking info is predicated are affordable, undue reliance shouldn’t be positioned on the forward-looking info as a result of 9 Mile can provide no assurance that they’ll show to be right.

The Canadian Securities Change (CSE) has not reviewed and doesn’t settle for duty for the adequacy or the accuracy of the contents of this launch.

Figures accompanying this announcement can be found at:
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