NINE MILE METALS LTD. (
CSE: NINE, OTCQB:
VMSXF, FSE: KQ9) (the “
Company” or
“
Nine Mile”), is pleased to announce that it has
received the completed “Nine Mile Brook Lens Bulk Sample Water
Baseline Results and Final Report” from GEMTEC Consulting Engineers
and Scientists Limited (“
GEMTEC”) for the Nine
Mile Brook Lens Bulk Sample Project (the
“
Project”) and is completing the Engineering Site
plan this week.
-
GEMTEC has delivered Nine Mile Metals its Final Report complete
with the Baseline Water & Sediments Lab Certified Results to
act as the Project’s baseline levels for its upcoming Bulk Sample
Project.
-
Per the Province of New Brunswick Department of Natural Resource
and Energy Development Minerals and Petroleum Development Branch’s
“Guide to the Development of a Mining and Reclamation Plan”
document, the results will be forwarded to the NB DEM to provide
the baseline surface water chemistry data, and baseline metal
concentrations in sediment samples collected from watercourses that
may be impacted by the development or operation of the
Project.
-
Gemtec’s Engineering Team will be conducting its final site visit
today with its UAV drone to complete Lidar mapping and site design
analysis. The Final Engineering Site Plan is expected to be
received next week.
-
Nine Mile Metals will submit its Bulk Sample Permit filing next
week once the Engineering Site Plan is received.
-
Nine Mile Metals has selected and contacted the necessary Vendors
for the execution of the Bulk Sample Program. We are in the process
of receiving quotes for the program from highly experienced
Bathurst Mining Camp Bulk Sample Excavation partners.
-
Nine Mile expects to have cost analysis and vendor availability of
the Bulk Sample Project summarized within a week of distributing
the Final Engineering Site Plan and is optimistic of commencing the
excavation during the 1st quarter of 2024.
Recap of Water Sampling Project Analysis:
The surface water samples were sent to RPC
Science and Engineering (“RPC”) in Fredericton,
NB, for analysis of general chemistry, total suspended solids,
total metals, as well as dissolved manganese, zinc, organic carbon,
and petroleum hydrocarbons. The sediment samples were also sent for
analysis, specifically for available metals and petroleum
hydrocarbons (see Figures 2, 3, 4).
Field water quality parameters, including
conductivity, dissolved oxygen, pH, and temperature, were measured
using a multiparameter water quality meter. Proper QA/QC protocols
were followed, which included submitting two duplicate samples for
laboratory analyses—namely, one surface water sample and one
sediment sample.
In addition to surface water sampling, flow
measurements were recorded at each of the 6 sampling sites (3 – 5
points along a transect perpendicular to the flow at each sampling
site) using a Marsh M2000 Flo-Mate device. This allows for the
calculation of watercourse discharge rates, volume, and speed.
The locations were selected based on 1:50,000
topo map drainage, and cover Nine Mile Brook, Boucher Brook, and a
tributary to Nine Mile Brook located south of the Project. Sample
locations were chosen to represent both upgradient and downgradient
areas to provide reference data as the Project progresses.
Patrick J. Cruickshank, CEO and
Director, stated, “We are extremely pleased to announce the
continued evolution of our Nine Mile Brook Bulk Sample Project in
Bathurst. Now that we have received the Baseline Certified Lab
Results and Final Report, Gemtec’s expert design team can now
develop our site plan, the design to be environmentally friendly
with a minimal footprint that also delivers the optimal excavation
process with a restoration design model for the Nine Mile Brook
claim area. Nine Mile Metals has selected its vendors of choice for
the site plan excavation and processing stages. The Vendors are
experienced specialists from the Bathurst Mining Camp with decades
of experience in Bulk Sampling Projects and trenching. We look
forward to announcing the design plan and permit filing later this
month to the NB DEM. This is a major step for Nine Mile in its
exploration programs in their eastern Camp Portfolio.”
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 (“NI 43-101”) and
reviewed and approved by Gary Lohman, B.Sc., P. Geo., VP
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 Ltd. is a Canadian public
mineral exploration company focused on Critical Minerals
Exploration (CME) 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: Nine Mile Brook VMS; California Lake VMS; Canoe Landing
Lake (East–West) VMS and the new Wedge VMS
Projects. The Company is focused on Critical Minerals
Exploration (CME), positioning for the boom in EV and green
technologies 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:
+1.506-804-6117E: patrick@ninemilemetals.com
Forward-Looking
Information:This press release may include forward-looking
information within the meaning of Canadian securities legislation,
concerning the business of Nine Mile. Forward-looking information
is based on certain key expectations and assumptions made by the
management of Nine Mile. In some cases, you can identify
forward-looking statements by the use of words such as “will,”
“may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,”
“likely,” “could” and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include that (a)
Gemtec’s Engineering Team will be conducting its final site visit
today with its UAV drone to complete Lidar mapping and site design
analysis, (b) Nine Mile will submit its Bulk Sample Permit filing
next week once the Engineering Site Plan is received, (c) the Final
Engineering Site Plan is expected to be received next week, and (d)
Nine Mile expects to have cost analysis and vendor availability of
the Bulk Sample Project summarized within a week of distributing
the Final Engineering Site Plan, and (e) the Company is optimistic
of commencing the excavation during the 1st quarter of 2024.
Although Nine Mile believes that the expectations and assumptions
on which such forward-looking information is based are reasonable,
undue reliance should not be placed on the forward-looking
information because Nine Mile can give no assurance that they will
prove to be correct.
The Canadian Securities Exchange (CSE)
has not reviewed and does not accept responsibility for the
adequacy or the accuracy of the contents of this
release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed18270b-227c-45ea-94e5-34396c77c55f
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b7bdc82-8725-472a-87fb-0b29a3fd2adb
https://www.globenewswire.com/NewsRoom/AttachmentNg/3f04678a-76a8-4bd4-a480-16caf6e53c62
https://www.globenewswire.com/NewsRoom/AttachmentNg/05304c08-0d7b-4ade-ba56-05566a6b3426
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