Nine Mile Metals hits two VMS zones in latest Wedge drill hole, adds second rig and new geologist

Nine Mile Metals reported a completed drill hole at its Wedge project in New Brunswick intersected two distinct copper-bearing VMS mineralized zones over 129.72 metres. The result reinforces the northeastern extension of the deposit and is supportive for the project's exploration thesis. The update is positive for company fundamentals, but the market impact should be limited unless follow-up drilling confirms scale and grade.

Analysis

Nine Mile Metals reported a completed drill hole at its Wedge project in New Brunswick intersected two distinct copper-bearing VMS mineralized zones over 129.72 metres. The result reinforces the northeastern extension of the deposit and is supportive for the project's exploration thesis. The update is positive for company fundamentals, but the market impact should be limited unless follow-up drilling confirms scale and grade.