NINE MILE METALS ACQUIRES THE WEDGE COPPER DEPOSIT PROJECT The transaction does not represent a change of business. There will be no change of directors or officers of the company required by the transaction. The transaction is at arm’s length. No finder’s fees, broker’s fees or other commissions are payable in connection with this transaction. A copy of the Agreement is filed along with the Company’s public disclosure on SEDAR.
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., 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.
ON BEHALF OF NINE MILE METALS LTD.
“Charles MaLette”
President and Director
T: (604) 428-5171
E: info@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) proprietary New technology (UAV 3D and AI) will be utilized to explore the entire mineralized trend at depth and along the wedge horizon including the massive western property targets, (b) the (2) properties will be grouped together and be managed as “The Wedge VMS Project”, (c) with mineralization open at depth and along strike, the deposits and the complete land package, will greatly benefit from advanced data acquisition and analysis, (d) all Company shares issued to SLAM will be subject to four-month resale restrictions, (e) the Company may purchase half of the 2% Net Smelter Royalty at any time for the price of $1,000,000, (f) this acquisition by Nine Mile is in the center of the Bathurst Mining Camp with great potential for zinc, lead, silver and copper discoveries, and (g) we aim to continue to develop and offer the highest quality project portfolio to increase shareholder value. 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.
https://ninemilemetals.com/nine-mile-metals-acquires-the-wedge-project-including-the-wedge-copper-deposit-project/