Nine Mile Metals Announces High-Grade XRF Lab Results at Historic Wedge Mine, Bathurst, New Brunswick
Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) has released the XRF results for VMS mineralization collected from the Wedge mine site in Bathurst, New Brunswick, Canada. The Wedge mine, discovered in 1956 and operated by Cominco from 1962 to 1968, produced predominantly copper ore. Despite limited historical technical data, Nine Mile Metals has acquired significant historical work and data.
The XRF lab results reveal high-grade mineralization, including copper grades up to 29.58%, combined lead-zinc grades up to 10.19% (silver and gold to be determined). The samples collected from the Wedge mine site and the ore pile consisted of fine-grained massive VMS mineralization, with varying copper and lead-zinc ratios. Most samples contained 90% sulphides with minor quartz and accessory minerals.
Nine Mile Metals plans to conduct a drill program at the Wedge Project, targeting the identified trends and previously untested areas. The company believes that the high-grade potential of the historic Wedge Mine, particularly in copper and zinc, presents significant opportunities for future exploration.
Please note that this article contains forward-looking statements and carries certain risks and uncertainties.
Implications of High-Grade XRF Lab Results on New Mining Businesses
The recent announcement by Nine Mile Metals Ltd. regarding the high-grade XRF lab results at the historic Wedge Mine in Bathurst, New Brunswick, Canada, sets an intriguing precedent for new businesses in the mining sector. The company's successful acquisition and utilization of significant historical work and data, despite the limited availability of historical technical data, demonstrate the potential for new businesses to leverage historical data for contemporary exploration and mining activities.
High-Grade Mineralization: A Game Changer
The discovery of high-grade mineralization, including copper grades up to 29.58% and combined lead-zinc grades up to 10.19%, underscores the immense potential of the mining site. This revelation could motivate new businesses to invest in advanced exploration technologies and methodologies, such as XRF, to uncover high-grade mineral deposits.
Future Exploration Opportunities
Nine Mile Metals' plan to conduct a drill program targeting the identified trends and previously untested areas at the Wedge Project is a strategic move that new businesses can emulate. By identifying and exploring untapped areas, businesses can unlock significant opportunities for future exploration and potentially discover new high-grade mineral deposits. However, it's crucial to note that these ventures come with certain risks and uncertainties, necessitating careful planning and risk management strategies.