Nine Mile Metals Reports Completion of Drill Hole WD-26-03 at Wedge Deposit with 125.25 Metres of Sulphide Mineralization Including Deep Massive Sulphides

Drill Hole WD-26-03 Design and Location at Wedge Deposit

DDH WD-26-03 was drilled from the same pad as the preceding hole, WD-26-02, located on the north flank of the Wedge Deposit. The hole was drilled at an azimuth of 190 degrees and a dip of -60 degrees, reaching 395.00 metres in depth. The objective was to expand on mineralization intersected in WD-26-02, continuing a systematic fan of drill holes guided by geological consultants Apex Geoscience.

All three holes completed so far in 2026 have been drilled from the deposit’s north flank under Apex Geoscience’s targeting strategy. Each metre of drill core is integrated into Nine Mile’s 3D geological model and ongoing NI 43-101 resource estimation. Specific collar coordinates and elevation were not disclosed in this release.

Lithology and Alteration Zones in WD-26-03

The hole began in felsic volcanics, transitioning to banded sediments to 108.10 metres, with localized pyrite and chalcopyrite below 62 metres. Between 108.10 and 118.30 metres, a distinct chloritic zone of black, argillaceous sediment carrying 2% to locally 10% pyrite was encountered. Such chloritic sediments with sulphide mineralization are typical footwall alteration in volcanogenic massive sulphide (VMS) systems, consistent with the Bathurst Mining Camp geology.

Sediments extended to 198.75 metres, followed by mixed chloritic sediment and volcanics to 214.25 metres, where chloritic zones contained 20–30% pyrite. From 214.25 to 309.60 metres, a large felsic volcanic unit was intersected containing pyrite, minor chalcopyrite, and trace arsenopyrite—a known gold pathfinder mineral, adding an exploration dimension of interest pending assay confirmation.

Massive Sulphide Interval at 309.60–312.00 Metres

The highlight of WD-26-03 is the 2.40-metre true-width massive sulphide zone between 309.60 and 312.00 metres, characterized by coarse, visible chalcopyrite. Visual estimates indicate 40–50% pyrite and 4–7% chalcopyrite. The company emphasizes these visual estimates are preliminary and await confirmation by pending laboratory assays.

From 312.00 to 338.20 metres, pyrite and chalcopyrite mineralization continued as disseminated sulphides within felsic volcanics. A large sediment package with minor pyrite and traces of chalcopyrite extended to the hole’s final depth of 395.00 metres. This massive sulphide intersection represents the deepest recorded at the Wedge, providing direct geological evidence that the deposit remains open at depth.

Core Processing, XRF Screening, and Sample Shipment

After drilling, all core was measured, logged, photographed, and marked for sampling at the company’s Bathurst warehouse. Quick X-ray fluorescence (XRF) screening was performed for base metal confirmation, serving as a filter and width identification tool rather than definitive analysis.

Samples will be sent to ALS Global in Moncton, New Brunswick, for comprehensive base metals, precious metals, and antimony assays. No timeline for assay results was provided; laboratory turnaround will dictate when formal data becomes available.

Summary of 2026 Drill Program Results to Date

VP Exploration and Director Gary Lohman, P.Geo., stated that over two drilling seasons at the Wedge, every hole has intersected sulphide mineralization. The first three holes of 2026 have yielded nearly 490 metres of mineralized core. Lohman noted a meaningful progression: two massive sulphide zones in the first hole, a new copper-rich horizon in the second, and now deeper massive sulphides in the third.

Individual hole lengths and intervals for WD-26-01 and WD-26-02 were not disclosed here. The cumulative 490 metres of mineralized core highlights the scale of sulphide intersections, with most of the planned 10,000-metre program still to be completed.

Management Insights on Wedge Deposit History and Geology

President and Director Jonathan Holmes reaffirmed the company’s thesis that the former Cominco copper mine, which operated from 1962 to 1968 producing 1.5 million tonnes of mainly copper ore, was closed for operational—not resource—reasons. Holmes believes most of the deposit remains in situ and open at depth, evidenced by the deepest massive sulphide intersection below earlier holes.

Holmes also highlighted the addition of Art Hamilton, P.Geo., bringing four decades of Bathurst Camp expertise in mineral exploration, mine geology, and VMS deposits. Hamilton’s involvement strengthens targeting, geological interpretation, and on-site core logging and sampling. Financial terms and start date were not disclosed.

NI 43-101 Compliance and Qualified Person Review

Technical information was reviewed and approved by Gary Lohman, B.Sc., P.Geo., the company’s Qualified Person under NI 43-101 standards. Lohman is not independent, consistent with disclosure requirements. All drill results feed directly into the company’s 3D geological model and ongoing NI 43-101 resource estimation.

The drill program’s fan-hole design and data integration are credited to Apex Geoscience. No formal mineral resource estimate has been released; current results remain exploration-stage pending formal classification.

Bathurst Mining Camp Context and Nine Mile’s Project Portfolio

The Wedge Deposit is located in New Brunswick’s Bathurst Mining Camp, one of the world’s most prolific VMS districts with over 45 known deposits. Nine Mile notes less than 1% of the Camp outcrops at surface. Its exploration employs UAV drone geophysics, AI-assisted data reprocessing, and 3D deposit modeling to identify mineralized systems undetected by earlier methods.

Beyond Wedge, Nine Mile’s portfolio includes the Nine Mile Brook VMS Project, California Lake, and Canoe Landing Lake (East-West). The company targets copper, silver, lead, zinc, and gold—metals essential for AI data centers, electrification, and clean energy transition. No production guidance, resource estimates, or economic projections were provided; all projects remain in exploration.

Market Reaction and Share Price Outlook

The immediate share price impact was unclear at publication. Nine Mile Metals trades on the Canadian Securities Exchange under ticker NINE, OTCID as VMSXF, and Frankfurt Stock Exchange as KQ9. Market response will likely hinge on interpretation of visual estimates, timing of ALS Global assay results, and overall sentiment toward junior mining and critical minerals exploration.

Investors await formal assay results from ALS Global as the next significant update for the Wedge Deposit. No timeline was given, and pending lab analyses mean current geological observations carry uncertainty until verified grades are released.