Phase I Drilling Program ON The California Lake Project

VANCOUVER - Nine Mile Metals Ltc. reported on the VMS target Holes CL2206 and CL2207 at its initial Phase 1 drill program on the California Lake VMS Project, in the Bathurst Mining Camp, New Brunswick (BMC).

Patrick J Cruickshank, MBA, CEO & Director stated, “We are pleased to report the ALS Global Lab’s Certified Assay results for holes CL2206 and CL2207 at the California Lake VMS Drill Program #1. As expected, with high combined Lead (Pb) and Zinc (Zn) comes high Silver (Ag) results. We are surprised the Gold (Au) is so high without the Copper (Cu) values but being a 1.5km trend, the copper should increase as we get closer to the source deposit or vent feeder system for this target area. To drill multiple lens fingers is a strong indication of a deeper source close by and less about the widths of the fingers. When we receive all the assays for the sedimentary package between the VMS fingers, we will summarize the entire cross section widths with assays. Remember this is the visual VMS Core that was rushed to the ALS Global Labs for analysis. These drill results completely justify the resources and advanced geophysics to drill the source in 2023. With our recently closed $1,271,000 Super Flow Through funding we are very well positioned for an advanced exploration program on our entire (3) project portfolio and will be a very active and exciting 2023.”

Drill hole CL2206 was the discovery drill hole, intersecting multiple horizons of VMS mineralization. Mineralization was typical BMC style, consisting primarily of Zn, lesser Pb and Cu. The mineralization is structurally controlled, the VMS horizons occurring within a sheared sedimentary package as seen in drill hole CL2207 through CL2213. Drill Hole CL2207 was collared along the same azimuth, intersecting similar mineralized horizons within the same sheared sedimentary package.

“The initial drill program at California Lake was highly successful and relatively unheard of for a 1st introductory program based on re-processed geophysical data but is a terrific example of our proprietary disciplined technical exploration model, with 7 of 8 drill holes in this short program intersecting multiple VMS horizons within a sheared sedimentary package. The technical team has reviewed the drill core and a structurally hosted environment is confirmed, the character of which should provide a strong, positive response when followed up with close spaced, ground geophysics along strike. Drilling of priority targets along the entire identified 1.5km trend anomaly will follow in 2023,” stated Gary Lohman, B.Sc., P. Geo., Director and VP Exploration.