What's Happening?
Nine Mile Metals is preparing to deploy a skid-mounted drill rig for a new drilling campaign at the Wedge Project in New Brunswick, Canada. The initiative aims to explore the western extension of the deposit,
focusing on the depth of mineralization of a high-grade copper lens. The campaign will consist of seven drill holes, with the goal of expanding the mineralized footprint and adding new tonnage to the deposit model. The drill rig is currently en route from Sudbury, Ontario, and is expected to arrive at the Wedge site by November 10, following servicing and winterization at a facility in Dieppe, New Brunswick. The new drill data will be integrated into the company's 3D live modeling, which includes geological, geophysical, and drillhole cross-section results.
Why It's Important?
This drilling campaign is significant for Nine Mile Metals as it seeks to expand its resource base and enhance its exploration capabilities in the Bathurst Mining Camp. By targeting the western extension of the deposit, the company aims to uncover additional mineral resources, which could potentially increase the economic viability of the project. The integration of new data into 3D modeling will aid in more accurate resource estimation and exploration planning. This development could attract further investment and interest in the company's exploration activities, potentially boosting its market position and shareholder value.
What's Next?
Following the completion of the drilling campaign, Nine Mile Metals plans to cap all drill holes to facilitate downhole geophysics. This will assist in refining the resource model and planning future exploration activities. The results of this campaign could lead to further drilling initiatives or development plans, depending on the findings. Stakeholders, including investors and local communities, will be keenly observing the outcomes, as they could influence future project developments and economic opportunities in the region.
