Nine Mile Metals DDH WD-26-10: 31.95m of 2.52% Cu-Eq at Wedge Mine Extends Five-Metal VMS Lens in Bathurst Camp

Nine Mile Metals Ltd. (CSE: NINE | OTCID: VMSXF | FSE: KQ9) reported certified assay results from drill hole DDH WD-26-10 at the Wedge Mine in the Bathurst Mining Camp, New Brunswick, in a Newsfile Corp. release dated August 27, 2026. The hole returned 31.95 metres of 2.52% copper-equivalent (Cu-Eq) mineralization, from 109 to 140.95 metres depth, per that release.

Underlying the Cu-Eq figure are 0.93% copper, 0.57% lead, 2.23% zinc, 24.89 grams per tonne silver, and 0.49 g/t gold across the full 31.95m zone. The Cu-Eq calculation uses metal prices as of August 26, 2026, and assumes a uniform 95% metallurgical recovery across all five metals, per the August 27 release.

Within that 31.95m interval, 27.25m averaged 2.87% Cu-Eq. A 14.15m sub-interval returned 3.73% Cu-Eq. The highest-grade slice — 4.15m — came in at 5.16% Cu-Eq, per the same release.

The hole was collared in the southwest, at the edge of the company's drill pattern, oriented at 340° and angled -65° below horizontal, to a total depth of 224 metres.

Gary Lohman, P.Geo., VP Exploration and Director, stated in the August 27 release: "Drilling continues to expand the mineralized footprint in the southwest. As with DDH WD-26-07, we see a variation in the distribution of the mineralization, with this hole highlighting increased assay values for Ag, Au, Pb and Zn at depth, further demonstrating the multi-element value of the Wedge."

The prior hole, DDH WD-26-09 — results released August 12, 2026 — returned a 16.50m section averaging 4.03% Cu-Eq and a 6.50m zone at 5.22% Cu-Eq at the same Wedge Mine target, per the company's August 12 release. WD-26-10 was collared at the southwest edge of the drill pattern. Lohman's August 27 statement noted that both holes show variation in mineralization distribution, with WD-26-10 specifically highlighting increased silver, gold, lead, and zinc values at depth.

The Bathurst Mining Camp hosts 45 known VMS deposits, 25 of which exceed one million tonnes, per the company's August 27 release. Nine Mile's stated exploration target is defining up to a 10 million tonne deposit across its four VMS projects: Nine Mile Brook, California Lake, Canoe Landing Lake (East–West), and Wedge.

On the capital side, the company recently closed a $5.5 million raise, per the same release. Specific offering terms and warrant details were not disclosed in the located source material.

The August 27 release states shares of Nine Mile gained over 10% on Thursday; the specific trading date and independent verification of that figure were not available in the located source material, and no independently verified price or volume data for that session has been confirmed. As of Friday, September 4, 2026, copper was trading at $6.61 USD/lb (+0.03%) and silver at $65.59 USD/oz (+1.26%), per verified commodity data for the session.

What's next, per the August 27 release: drilling continues at the Wedge Mine, with the company using drone geophysics and AI-assisted targeting to identify new discovery areas while expanding known zones. No specific upcoming hole count or timeline was stated in the source.