What's Happening?
Nine Mile Metals, an exploration company listed on the Canadian Securities Exchange (CSE:NINE), is making significant strides at the historic Wedge Mine in New Brunswick. The company, led by VP of Exploration
Gary Lohman, is utilizing a combination of historic data and modern exploration techniques to unlock a multi-metal system. The exploration efforts have revealed the presence of copper, lead, zinc, silver, and gold mineralization. The company is employing handheld XRF testing to predict results ahead of certified assays, which is proving to be a valuable tool in their exploration strategy. By integrating 1960s drill logs and assays with new drilling and geophysics, Nine Mile Metals is building 3D models to plan future drill programs, aiming to revitalize the Wedge Mine trend.
Why It's Important?
The advancements at the Wedge Mine are significant for the mining industry, particularly in the context of increasing demand for multi-metal resources. The discovery of multiple metals, including copper and gold, positions Nine Mile Metals to potentially contribute to the supply of these critical resources. This is particularly relevant as industries worldwide seek to secure stable sources of essential metals for technology and infrastructure development. The integration of historic data with modern technology exemplifies how legacy mining sites can be revitalized, potentially leading to economic benefits for the region and stakeholders involved. The success of this project could encourage similar approaches in other historic mining areas, promoting sustainable and efficient resource extraction.
What's Next?
Nine Mile Metals plans to continue its exploration efforts at the Wedge Mine, leveraging the insights gained from their current findings. The company is expected to further refine its 3D models and conduct additional drilling programs to better understand the extent of the mineralization. As the exploration progresses, stakeholders, including investors and local communities, will be closely monitoring the outcomes. The potential for increased resource extraction could lead to economic development opportunities in New Brunswick, while also contributing to the broader supply chain of critical metals.
