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Nine Mile Metals activates drill program at Wedge Project

Jocelyn Aspa Jocelyn Aspa, The Market Online
0 Comments| January 26, 2024

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  • Nine Mile Metals has received the necessary permits for its Wedge Project in New Brunswick
  • Drill rigs have been mobilized onsite for the High Priority Drill program on targets 1 and 2
  • Drilling is expected to begin as soon as possible and will target the Wedge Mine at depth
  • Shares of Nine Mile Metals are unchanged at C$0.07

Nine Mile Metals (CSE:NINE) is gearing up to begin drilling at its Wedge Program in New Brunswick.

The company stated in a news release that a drill rig has been mobilized onsite for the High Priority Drill program on targets 1 and 2 that are roughly 4 kilometres west of Highway 430.

Drilling is expected to begin as soon as possible and will target the Wedge Mine at depth and define targets to the southeast and northwest.

“Drilling will target the historic Wedge Mine area including the mineralized horizon and geophysical trends along strike to the northwest that Cominco identifies but never drill tested. Additional drill holes are planned to the southeast of the mine in a new area identified by EarthEx and their Late Time conductive response analysis … where no drilling has been reported.” Gary Lohman, vice president of exploration at Nine Mile Metals, said in a statement.

Meanwhile drilling at California Lake Target 10 was halted in December 2023 because of inclement weather. It is expected drilling will resume when weather permits.

“Both the California Lake 10 target area and the Wege Projects are very high priority and important for Nine Mile Metals,” Patrick J. Cruickshank, CEO of Nine Mile Metals, said in a statement. “We are extremely optimistic for our Wedge targets and look forward to announcing positive results from this program until end of March.”

Nine Mile Metals is focused on critical minerals exploration exploration in New Brunswick’s Bathurst Mining Camp.

Shares of Nine Mile Metals are unchanged at C$0.07.

Join the discussion: Find out what everybody’s saying about this stock on the Nine Mile Metals Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.



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