Nine Mile Metals Announces Certified Assays of 3.49% Cu-Eq over 24.55 meters (True Width) in DDH WD-26-09
Nine Mile Metals Announces Certified Assays
of 3.49% Cu-Eq over 24.55 meters (True Width)
in DDH WD-26-09
Including 4.03% Cu-Eq over 16.50m and 5.22% Cu-Eq over
6.50m
Toronto, Ontario--(Newsfile Corp. - August 12, 2026) -
Nine Mile Metals Ltd.
(CSE: NINE) (OTCID:
VMSXF) (FSE: KQ9)
(the "Company" or "Nine Mile") is pleased to announce certified assay results for
DDH WD-26-09, at the Wedge Mine in the Bathurst Mining Camp, New Brunswick.
3.49% Cu-Eq.
over 24.55m
Including 4.03% Cu-Eq
over 16.50m
5.22% Cu-Eq.
over 6.50m
Best high-grade intercept
114.00 - 120.50m
31.72 g/t Silver
over 21.75m
1.02 oz Silver zone
incl. 41.00 g/t over 13.00m
0.67 g/t Gold
over 20.20m
Gold zone including
0.87 g/t over 11.00m
2.02% Zinc
over 22.50m
incl. 4.82% over 5.75m
8.09% over 3.00m · peak
11.40%
WD-26-09 was collared in the southwest at the edge of our drill pattern (oriented at 340°, angled 50°
below horizontal, to a depth of 200 meters) and successfully intersected a high-grade VMS Lens. We
intersected a thick massive sulphide lens carrying copper, lead, zinc, silver and gold, with visible
chalcopyrite and bornite in the core. Within the broader zone, a 16.50m section averaged 4.03% Cu-Eq,
and a 6.50m zone returned 5.22% Cu-Eq. A Silver Zone of 21.75m returned 31.72 g/t Ag (1.02 oz/t Ag),
with the peak sample reaching 58 g/t Silver. A Gold Zone of 20.20m returned 0.67 g/t Au including 11.00
m of 0.87 g/t Au. Zinc averaged 2.02% over 22.50m, including 4.82% over 5.75m and 8.09% over
3.00m, with a peak sample of 11.40% Zinc. All intersections are a true width.
Figure 1
· Bornite copper samples #396431 (left) and #396432 (right)
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Gary Lohman, P.Geo., VP Exploration, Director stated,
"Definitely nice to return to the VMS section previously identified in the southwest. Drilled at a
steeper angle than previous holes in the vicinity, this assists in expanding the deposit footprint. In
addition to Cu, the assays also indicate substantial Au and Ag present in this portion of the system.
Intersecting five payable metals over this width and seeing copper strengthen toward the base of
the zone is exactly what we want to see at this stage. Additional drill holes are planned for this
western portion of the Wedge, where we believe there is meaningful room to expand the deposit."
TABLE 1
DDH WD-26-09 CERTIFIED ASSAYS
(SAMPLE BY SAMPLE)
FROM
(M)
TO
(M)
WIDTH
(M)
SAMPLE #
SILVER
(G/T)
GOLD
(G/T)
COPPER
(%)
LEAD
(%)
ZINC
(%)
CU-EQ
(%)
93.30
94.80
1.50
396421
1
0.02
0.01
0.00
0.02
0.05
94.80
95.80
1.00
396422
1
0.03
0.02
0.01
0.12
0.10
95.80
96.80
1.00
396423
2
0.04
0.05
0.01
0.07
0.14
96.80
98.00
1.20
396424
8
0.35
1.75
0.09
0.09
2.24
98.00
99.00
1.00
396425
12
0.33
1.38
0.26
0.66
2.08
99.00
100.00
1.00
396426
15
0.39
2.64
0.28
1.01
3.53
100.00
101.00
1.00
396427
19
0.35
2.29
0.12
0.22
2.98
101.00
102.00
1.00
396428
18
0.44
1.81
0.52
1.09
2.84
102.00
103.00
1.00
396429
14
0.50
1.31
0.21
0.30
2.10
103.00
104.00
1.00
396430
16
0.50
1.03
0.22
0.54
1.92
104.00
105.00
1.00
396431
33
0.53
1.98
0.56
0.33
3.13
105.00
106.00
1.00
396432
41
0.70
1.76
1.32
1.69
3.64
106.00
107.00
1.00
396433
43
0.79
1.17
1.47
0.66
2.91
107.00
108.00
1.00
396434
39
0.77
1.02
1.52
2.64
3.21
108.00
109.00
1.00
396435
49
0.79
1.35
2.83
3.21
4.02
109.00
110.00
1.00
396436
42
0.91
1.53
1.17
2.57
3.84
110.00
111.00
1.00
396437
34
0.78
1.48
1.20
0.21
2.93
111.00
112.00
1.00
396438
22
0.78
1.01
0.47
0.19
2.20
112.00
113.00
1.00
396439
32
0.87
1.09
1.23
0.56
2.70
113.00
114.00
1.00
396441
58
0.97
1.58
3.07
1.12
4.04
114.00
115.00
1.00
396442
52
1.09
0.95
4.99
6.39
5.05
115.00
116.00
1.00
396443
47
1.08
1.10
2.68
11.40
6.14
116.00
117.00
1.00
396444
41
0.61
1.69
2.60
6.47
4.88
117.00
118.00
1.00
396445
14
0.17
3.09
0.15
0.90
3.71
118.00
119.00
1.00
396446
28
0.15
4.20
0.45
1.57
5.21
119.00
119.75
0.75
396447
28
0.13
5.09
0.98
1.34
6.09
119.75
120.50
0.75
396448
6
0.13
5.39
0.10
0.84
5.83
120.50
121.35
0.85
396449
5
0.07
1.06
0.20
0.22
1.29
121.35
122.20
0.85
396450
<1
0.01
0.06
0.00
0.06
0.09
122.20
123.20
1.00
396451
<1
<0.005
0.11
0.00
0.15
0.15
123.20
124.70
1.50
396452
1
0.01
0.08
0.00
0.05
0.12
Shaded rows are the peak sample for each metal. Copper Equivalent (CuEq) combines all five metals
into one comparable grade, calculated using August 11, 2026, Bloomberg pricing: US$6.63/lb Cu,
US$0.84/lb Pb, US$1.72/lb Zn, US$65.10/oz Ag, US$4,443.90/oz Au, with a uniform 95% metallurgical
recovery assumed for all metals; since it is unclear which metals will be the principal products, assuming
differing recoveries by metal is premature at this stage.
Patrick J Cruickshank, MBA, CEO & Director stated,
"This was a very strong polymetallic VMS Hole, with a large Lens Zone. As you can see in the
itemized Sample Results Table, there is multiple high grade Copper, Silver and Gold zones,
confirming a multi-dimensional deposit at the Wedge. Each one of these mineral intercepts would
be a success on their own accord, but to combine them all in one hole shows the strength of this
Lens and is spectacular start to our results season. These results will be included in our Live 3D
Modelling headed by Mike Dufresne, President of Apex Geoscience & our Technical Team to
move towards an updated 43-101 and an MRE objective. We are extremely pleased by these
results and look forward to releasing our next set of results from ALS Global in Moncton.
Unfortunately, we have no control over the order of our results coming back from the Labs."
Figure 2
· Apex Geoscience Cross Section - DDH WD-26-09
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/309300_80f0898a14ba08fd_003full.jpg
TABLE 2:
KEY INTERSECTIONS
(WEIGHTED AVERAGE GRADE OVER EACH
INTERVAL)
FROM
(M)
TO
(M)
WIDTH
(M)
SILVER
(G/T)
GOLD
(G/T)
COPPER
(%)
LEAD
(%)
ZINC
(%)
COPPER-
EQ. (%)
Massive Sulphide Zone
96.80
121.35
24.55
28.85
0.58
1.89
1.16
1.86
3.49
Including
104.00
120.50
16.50
36.39
0.68
1.99
1.61
2.52
4.03
And including
114.00
120.50
6.50
31.92
0.51
2.91
1.80
4.36
5.22
Figure 3
· Apex Geoscience Cross Section - DDH WD-26-09 (incl. WD-25-02, WD-25-05)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/309300_80f0898a14ba08fd_004full.jpg
Figure 4
· Sample #396447 - (5.09% Cu, 0.98% Pb, 1.34% Zn, 28 g/t Ag, 0.13 g/t Au)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/309300_80f0898a14ba08fd_005full.jpg
Figure 5
· Sample #396448 - (5.39% Cu, 0.10% Pb, 0.84% Zn, 6.0 g/t Ag, 0.13 g/t Au)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/309300_80f0898a14ba08fd_006full.jpg
Stock Options Award
The Company has also granted an aggregate of 250,000 incentive stock options to a consultant,
pursuant to the Company's stock option plan. The options are exercisable at a price of $0.08 per share
for a period of 5 years from the date of grant and vest immediately.
Analysis, QAQC and Qualified Person
All samples were submitted to ALS Global in Moncton, an independent commercial laboratory, for
preparation and assaying (ME-ICP61a four-acid digestion with ICP-AES; Au by fire assay Au-AA23 with
AA finish; overlimit Au by gravimetric analysis and overlimit base metals by OG62). ALS runs its own
QA/QC protocols including coarse and pulp duplicates. Nine Mile's QAQC program includes regular
insertion of CRM standards, duplicates and blanks with a stringent review of all results; QAQC and data
validation were performed and no material errors were observed. Technical information in this news
release has been prepared in accordance with NI 43-101 and reviewed and approved by Gary Lohman,
B.Sc., P.Geo., VP Exploration and Director, the Company's Qualified Person, who is not independent of
the Company.
Copper Equivalent (Cu-Eq) for the drill hole samples is calculated based on August 11, 2026 Bloomberg
Pricing, pricing: US$ 6.63/lb Cu, US$ 0.84/lb Pb, US$ 1.72/lb Zn, US$ 65.10/oz Ag, and US$
4,443.90/oz Au, with 95% metallurgical recoveries assumed for all metals. Since it is unclear which
metals will be the principal products, assuming different recoveries is premature at this stage. Therefore,
a 95% recovery rate is justified.
About Nine Mile Metals Ltd.
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Mineral
VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick.
The Company is exploring four VMS projects: Wedge, Nine Mile Brook, California Lake, and Canoe
Landing Lake (East - West), positioning for the boom in AI data centers, EV and green technologies
requiring copper, silver, lead and zinc, with a hedge with gold.
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This press release may include forward-looking information within the meaning of Canadian securities
legislation concerning the business of Nine Mile, based on certain key expectations and assumptions
made by management, identifiable by words such as "will," "may," "would," "expect," "intend," "plan,"
"seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and similar
expressions. Forward-looking statements in this press release include that (a) additional drill holes are
planned for the western portion of the Wedge VMS Project as part of the 2026 drill program, (b) further
certified assay results will be reported upon receipt from ALS Global, (c) the Company will advance
follow-up exploration across its BMC project portfolio, and (d) results will be incorporated into 3D
modelling work directed toward an updated NI 43-101 technical report and a future mineral resource
estimate. Although Nine Mile believes the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be placed on it, as Nine Mile can give no
assurance they will prove 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/309300