Junior Miner Surges to Multi-Year Highs on 15% Copper Assay Results

2025-12-29 12:03:00 ET

With copper prices hovering near all-time highs, it’s little surprise that a micro-cap miner’s announcement of strong copper assay results caught investors’ attention. Shareholders responded decisively, driving the stock to both 52-week highs and multi-year highs on the back of the news.

This morning, Nine Mile Metals (CSE: NINE) (OTCPK: VMSXF) reported certified assay results from surface samples collected at the pre-drill area of its Wedge VMS Project in the Bathurst Mining Camp of New Brunswick. The results confirmed the presence of exceptionally high-grade copper mineralization, with multiple samples returning copper values in excess of 10% and a peak assay of 15.00% copper. Copper-equivalent grades were similarly strong, reaching as high as 16.64%, supported by meaningful contributions from silver and gold. These results reinforce the potential for robust volcanogenic massive sulphide mineralization at Wedge, an area located within one of Canada’s most prolific base metal districts.

Laboratory analysis was completed by ActLabs using industry-standard multi-element fusion and fire assay methods, with rigorous QA/QC protocols in place. Several samples taken near historic mine infrastructure displayed classic massive sulphide textures dominated by chalcopyrite, with visible covellite noted in select specimens. The concentration of high-grade mineralization immediately west of the former hoist and shaft area highlights the continuity and strength of the copper system at surface, providing strong encouragement ahead of future drilling and exploration programs.

Patrick J. Cruickshank, MBA, CEO & Director, stated, "Our current Wedge Program continues to demonstrate the high-grade quality of the sampling of this deposit. These results are simply outstanding. Our current Drill Program was designed with this quality of mineralization below and I believe our 1st (3) announced drill holes clearly demonstrates this success. This is definitely a special copper rich deposit. We look forward to sharing our summary of our next drill hole in our program."

Shares of NINE are currently up 19.57% at $0.275, while U.S. listed shares (VMSXF) last traded up 3.39% at $0.1954 in early-afternoon trading.

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