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Nine Mile Metals Ltd C.NINE

Alternate Symbol(s):  VMSXF

Nine Mile Metals Ltd. is a Canada-based mineral exploration company. It is focused on critical mineral exploration (CME) of volcanic massive sulfide (VMS) (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada. It is engaged in exploration of its four VMS projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East-West) VMS and the Wedge VMS Projects. The Nine Mile Brook property covers over 43.98 square kilometers (km2) and is located 10 kilometers southwest of the Brunswick 12 mine. The California Lake VMS Project covers 31.16 km2 and is located north of the Canoe Landing Lake Project and includes a section of the highly prospective Spruce Lake Formation. Its Canoe Landing Lake (East-West) VMS Project covers 10.82 km2 and has nine occurrences/deposits, which is located three km northwest of Canoe Landing Lake. It owns additional 5.06 square kms and 23 claim units adjacent to its California Lake VMS Project.


CSE:NINE - Post by User

Comment by syquanson Jun 11, 2022 11:11pm
167 Views
Post# 34749788

RE:Nine Mile drills 11 m of 9.84 % CU, 11.55 % ZN and 1.80 PB

RE:Nine Mile drills 11 m of 9.84 % CU, 11.55 % ZN and 1.80 PB
Peter Bell
Charles MaLette: Yes, and if you look at our project then imagine what we may see with a bulk sample. Peter Bell: Well, if you put your headline through the Kitco calculator then you get like $1,450 rock per tonne. That's significant. There are discount factors for this and lots of details about what is payable and the devil is in the details, but it's a great litmus test to mine a thousand tons. I don't know if you could find a thousand tonnes of that kind of grade? It can be Charles MaLette: Yes, I believe we can. I think that we could have that right now, almost certainly. Peter Bell: And that's from surface without significant stripping? How much waste from how big of a pit would you have to wrap around that lens to get that amount of high-grade material? Charles MaLette: It's too early to say at this point. That's something to talk about, but not something we're planning right now. Peter Bell: And the regulators start to get upset when you talk about dollar values and mine plans without having tight drilling and high confidence of the metal endowment. But, at the same time, we need to upgrade the rules to match the technology. The Canadian mining business seems to be suffering relative to the Aussies, I'd say. And there's a question of why? Those are big questions that I don't have the answers for, but there's a bunch of stuff with 43-101 that's not clear. I've heard countless times from people who say, "oh, you can't do that." And I say, okay are you sure? Well, it turns out you can but it's just that some geologists told them that they couldn't. Or when they went to school, they learned that they're not supposed to do this or that. It seems like a bunch of bad habits permeate the business. Charles MaLette: That's the thing with using XRF very carefully -- we want to be very careful when our assays come out. We'd like them to be right-on with the XRF. Peter Bell: And anyone who's looking at your news flow versus your stock chart might notice that there was a run in the price that started around the time when you first press released the pictures of the core! Anyone who's really upset about you posting an XRF headline should also go and look at that news release because that's another thing that gets some people bent out of shape is showing drill core. But as an investor, I want to see as much core as I can! I don't just want a few pics of nice stuff, but I want to see every box. And if we can get XRF of every box with high-res photographs and even alteration with hyperspectral scanning of the core then please give it me! That information is valuable and quick to collect and distribute. I don't want to wait till next year for assays. Charles MaLette: Yes, and you may have noticed that people commented how before we put that news out, the stock hadn't traded in a week! We were very quiet. Peter Bell: What a market for that surprise strategy. It is scary out there for some people. It's a ghost town in some ways. But then look what happens when you give good results and do it in a meaning and careful way? Bullish! Peter Bell: One other news release that I saw from you guys that I liked was your technical advisory committee. I think that that has some meaning as well. Charles MaLette: Yes, we do have some people with some relevant knowledge here. One of our new directors, Jean-Luc, spent two years in Bathhurst working a long time ago. He ran a mine in the Congo for seven years as the mine manager. Patrick has a lot of experience, Gary has a lot of experience, and EarthEX have a member there who can help us enormously. Peter Bell: I've heard weird things about New Brunswick, but then I'm seeing companies with success out there. I don't have a lot of experience there but it looks good. Charles MaLette: The people from the government could not be more helpful. It took us 30 days to get the permit. Now compare that to British Columbia. Peter Bell: For drilling?! Charles MaLette: Yes. New Brunswick wants business. They want mining. And they are more than helpful. They're going to come have a look at the core. We've applied for grants and we're pretty sure that we'll get them. They could not be more helpful. Charles MaLette: The permits for the downhole geophysics only took a week. Peter Bell: Oh my god. This is another one of those things that is refreshing to hear. It is bucking the trend for worse and worse permiting timelines and uncertainty around the world. I think most of us have decided that's the way it is -- permits take five years and it'll be out of date by the time you get it. Wake up call, guys -- capital is global. It is mobile and it goes where it's treated well. Whether or not it's being treated well in the exploration business at large is a big question, but I care about the specifics and that comes down to management teams and jurisdictions. If you have you know a jurisdiction that's making it easy to operate then that's going to attract investment. And then it's up to the management teams to make the best of what they have in the ground. Charles MaLette: I appreciate the call and I will happily have a call another time when we go down the road here. We will have a lot more information for the market. Peter Bell: Thanks, I'd be happy to dive into the technical side sometime with one of your team members or two. Charles MaLette: We're being a bit cautious now because we'd like to get a lot more news out to the market and then hold a call to cover any questions anybody has. Peter Bell: Great, thanks very much Bud! Learn more about Nine Mile Metals NINE on the CSE.

Peter Bell
Charles MaLette: Yes, and if you look at our project then imagine what we may see with a bulk sample. Peter Bell: Well, if you put your headline through the Kitco calculator then you get like $1,450 rock per tonne. That's significant. There are discount factors for this and lots of details about what is payable and the devil is in the details, but it's a great litmus test to mine a thousand tons. I don't know if you could find a thousand tonnes of that kind of grade? It can be Charles MaLette: Yes, I believe we can. I think that we could have that right now, almost certainly. Peter Bell: And that's from surface without significant stripping? How much waste from how big of a pit would you have to wrap around that lens to get that amount of high-grade material? Charles MaLette: It's too early to say at this point. That's something to talk about, but not something we're planning right now. Peter Bell: And the regulators start to get upset when you talk about dollar values and mine plans without having tight drilling and high confidence of the metal endowment. But, at the same time, we need to upgrade the rules to match the technology. The Canadian mining business seems to be suffering relative to the Aussies, I'd say. And there's a question of why? Those are big questions that I don't have the answers for, but there's a bunch of stuff with 43-101 that's not clear. I've heard countless times from people who say, "oh, you can't do that." And I say, okay are you sure? Well, it turns out you can but it's just that some geologists told them that they couldn't. Or when they went to school, they learned that they're not supposed to do this or that. It seems like a bunch of bad habits permeate the business. Charles MaLette: That's the thing with using XRF very carefully -- we want to be very careful when our assays come out. We'd like them to be right-on with the XRF. Peter Bell: And anyone who's looking at your news flow versus your stock chart might notice that there was a run in the price that started around the time when you first press released the pictures of the core! Anyone who's really upset about you posting an XRF headline should also go and look at that news release because that's another thing that gets some people bent out of shape is showing drill core. But as an investor, I want to see as much core as I can! I don't just want a few pics of nice stuff, but I want to see every box. And if we can get XRF of every box with high-res photographs and even alteration with hyperspectral scanning of the core then please give it me! That information is valuable and quick to collect and distribute. I don't want to wait till next year for assays. Charles MaLette: Yes, and you may have noticed that people commented how before we put that news out, the stock hadn't traded in a week! We were very quiet. Peter Bell: What a market for that surprise strategy. It is scary out there for some people. It's a ghost town in some ways. But then look what happens when you give good results and do it in a meaning and careful way? Bullish! Peter Bell: One other news release that I saw from you guys that I liked was your technical advisory committee. I think that that has some meaning as well. Charles MaLette: Yes, we do have some people with some relevant knowledge here. One of our new directors, Jean-Luc, spent two years in Bathhurst working a long time ago. He ran a mine in the Congo for seven years as the mine manager. Patrick has a lot of experience, Gary has a lot of experience, and EarthEX have a member there who can help us enormously. Peter Bell: I've heard weird things about New Brunswick, but then I'm seeing companies with success out there. I don't have a lot of experience there but it looks good. Charles MaLette: The people from the government could not be more helpful. It took us 30 days to get the permit. Now compare that to British Columbia. Peter Bell: For drilling?! Charles MaLette: Yes. New Brunswick wants business. They want mining. And they are more than helpful. They're going to come have a look at the core. We've applied for grants and we're pretty sure that we'll get them. They could not be more helpful. Charles MaLette: The permits for the downhole geophysics only took a week. Peter Bell: Oh my god. This is another one of those things that is refreshing to hear. It is bucking the trend for worse and worse permiting timelines and uncertainty around the world. I think most of us have decided that's the way it is -- permits take five years and it'll be out of date by the time you get it. Wake up call, guys -- capital is global. It is mobile and it goes where it's treated well. Whether or not it's being treated well in the exploration business at large is a big question, but I care about the specifics and that comes down to management teams and jurisdictions. If you have you know a jurisdiction that's making it easy to operate then that's going to attract investment. And then it's up to the management teams to make the best of what they have in the ground. Charles MaLette: I appreciate the call and I will happily have a call another time when we go down the road here. We will have a lot more information for the market. Peter Bell: Thanks, I'd be happy to dive into the technical side sometime with one of your team members or two. Charles MaLette: We're being a bit cautious now because we'd like to get a lot more news out to the market and then hold a call to cover any questions anybody has. Peter Bell: Great, thanks very much Bud! Learn more about Nine Mile Metals NINE on the CSE.

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