Nine Mile Metals Provides Drilling Update VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on its current drill hole (CL23-10-01) at its California Lake VMS Project.
- Drill hole is currently at a depth of 433.3 meters, now targeting Lens A at a measured depth of 720m.
- The Azimuth and Dip are monitored daily, the Azimuth presently at 207 degrees and the Dip flattened to 67 degrees. Our calculations show we are still on target. (Figure 2)
- Rocks intersected to date include felsic volcanics of the Flat Landing Brook Formation which hosts numerous VMS mines and occurrences in the southern portion of the Bathurst Ming Camp (“BMC”) including the Stratmat and Headway VMS Deposits.
- At depth, the felsic volcanics are well altered, the original host rock character locally obliterated by intense phengite alteration, a key alteration halo associated with VMS deposits (Figure 3).
- Rock alteration and mineralogy, indicative of high temperature, further confirm an active hydrothermal system was present during deposition.