Nine Mile Metals Ltd. is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine and has mobilized the Drill Rig onsite for its High Priority Drill Program on Targets #1 & #2. Drilling at California Lake Target #10 stopped on December 17th, 2023, above target depth due to [...]
Nine Mile Metals Ltd. , is pleased to announce it has received Final Approval of its Nine Mile Brook Lens Bulk Sample Permit from the NB Department of Mines Resource Development Branch , for the Nine Mile Brook Lens Bulk Sample Project. Nine Mile Metals has received Final NB DEM Bulk Sample Permit Approval Nine Mile Metals has now initiated its [...]
Nine Mile Metals Ltd. announces completion of the first tranche of a private placement of up to $1,500,000 . The Company issued 5,625,000 flow-through units at a price of $0.20 per Unit, for proceeds of $1,125,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant , with each full [...]
Nine Mile Metals Ltd. , is pleased to provide an update on its current drillhole at its California Lake VMS Project. Drillhole is currently at a depth of 615 meters targeting Lens A at depth. The Azimuth and dip are monitored daily, the Azimuth presently at 209 degrees and the Dip flattened to 65 degrees. Our calculations show we are on target [...]
Nine Mile Metals Ltd. , discloses that it has closed its convertible loan financing for a total of $201,000 . The Convertible Loans have a term of 12 months from the closing and bear interest at 15 per cent per annum, calculated and payable on the Maturity Date. Convertible Loan proceeds will be used for advancing the bulk sample program on the [...]
Nine Mile Metals Ltd. , discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company's news release on November 21, 2023, to an unsecured convertible loan financing . The Convertible Loan financing will be for proceeds of up to $500,000. The Convertible Loans will have a term of [...]
Nine Mile Metals Ltd. , announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 for accredited investors. The Loan will have a term of 12 months from the closing , and bear interest at 12 per cent per annum, calculated and payable on the Maturity Date. In consideration for the Loan, the Company has agreed to [...]
Nine Mile Metals Ltd. , is pleased to announce that it has initiated its California Lake VMS Drill Program. Les Forages Chapais from Sussex, N.B. has been engaged to drill these high priority targets beginning with Target #10 Drillhole CL-23-10-01, as displayed in Figure 1 below. Over the past year, our geophysical technical advisors, EarthEx [...]
Nine Mile Metals Ltd. , is pleased to announce that it has received the completed "Nine Mile Brook Lens Bulk Sample Water Baseline Results and Final Report" from GEMTEC Consulting Engineers and Scientists Limited for the Nine Mile Brook Lens Bulk Sample Project and is completing the Engineering Site plan this week. GEMTEC has delivered Nine Mile [...]
Nine Mile Metals Ltd. , is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine. Lantech Drilling has been engaged to drill these high priority targets once it completes the current hole at Nine Mile Brook. The Lantech track mount rig mobilizes this upcoming Monday after a [...]
Nine Mile Metals Ltd. , is pleased to announce the engagement of GEMTEC Consulting Engineers and Scientists Limited and the completion of their site visit and baseline water, trace metals and flow sampling program for the Nine Mile Brook Lens Bulk Sample Project . GEMTEC completed the water, sediment, and flow sampling program on September 8, 2023 [...]
Nine Mile Metals Ltd. is pleased to announce the Company entered into an agreement dated September 14, 2023, with Lorena Hamilton, to acquire an additional 5.06 square kms, 23 claim units adjacent to its California Lake and Nine Mile Brook VMS Projects, in Bathurst Mining Camp, New Brunswick . This acquisition brings the total Land package in the [...]