Annuncio • Jun 10
Nicola Mining Inc., Annual General Meeting, Aug 05, 2026 Nicola Mining Inc., Annual General Meeting, Aug 05, 2026. Location: british columbia, vancouver Canada Reported Earnings • Apr 28
Full year 2025 earnings released Full year 2025 results: Net income: (up CA$5.23m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. New Risk • Apr 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$3.8m). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Annuncio • Apr 14
Nicola Mining Inc. has completed a Follow-on Equity Offering in the amount of $6.000003 million. Nicola Mining Inc. has completed a Follow-on Equity Offering in the amount of $6.000003 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 930,233
Price\Range: $6.45
Discount Per Security: $0.516
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 930,233
Transaction Features: New Market Listing Annuncio • Apr 12
Nicola Mining Inc. has filed a Follow-on Equity Offering. Nicola Mining Inc. has filed a Follow-on Equity Offering.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Security Name: Warrants
Security Type: Equity Warrant
Transaction Features: New Market Listing Annuncio • Feb 27
Nicola Mining Inc. Ramps Up Production of High Grade Gold and Silver Concentrate Nicola Mining Inc. reported a material increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue Lagoon Resources at the Dome Mountain Gold Project. High-grade gold and silver material is being processed at Nicola's fully permitted Merritt Mill, where the Company has transitioned from gravity & flotation gold recovery to a flotation-only recovery circuit to suit the new mill feed and to streamline production. This optimization reflects the sulphide-hosted nature of the mineralization and is designed to enhance metallurgical recoveries, improve concentrate grades, and maximize payable metal content. The resulting high-grade gold-silver flotation concentrate is sold to Ocean Partners UK Limited, a globally recognized metals trading and finance group. The transition from gravity-centric recovery to a flotation-focused flowsheet has been executed without operational disruption. Incremental plant upgrades and circuit refinements are being implemented concurrently with production to further improve recoveries, throughput stability, and operating efficiencies. Underground development at Dome Mountain continues, with additional mining faces being prepared to sustainably increase mill feed tonnage. In parallel, Nicola has initiated procurement of key mobile equipment and personnel in preparation for planned extraction at its Dominion Gold Project. The Dominion project hosts structurally controlled, high-grade gold. which Nicola intends to commence extraction under a bulk sample permit in July 2026. Gold production will allow validation of grade continuity, metallurgical performance, and mining selectivity while further augment the Company's cash flow. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Brent Omland was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 31
Nicola Mining Inc. announced that it has received CAD 4.9 million in funding from Ocean Partners UK Limited On January 29, 2026, Nicola Mining Inc. closed the transaction. The transaction has been oversold by CAD 60,801.3 and consists of 5,512,001 units at a price of CAD 0.90 per unit for gross proceeds of CAD 4,960,800. Each unit will consist of one common share of the company and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one share at a price of CAD 1.10 per share for a period of three years following the closing of the offering, provided that the expiry of the warrants can be accelerated if the closing price of the company's common shares on the TSX Venture Exchange is CAD 1.70 or greater for a minimum of 10 consecutive trading days and a notice of acceleration is provided in accordance with the terms of the warrants. An insider of the company participated. William Cawker, the corporate secretary of the company, subscribed for a total of 50,000 units under the offering, which is a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Annuncio • Dec 30
Nicola Mining Inc. announced that it expects to receive CAD 1.000001 million in funding from Ocean Partners UK Limited Nicola Mining Inc. announced a non brokered private placement to issue 1,111,112 units at an issue price of CAD 0.90 for gross proceeds of CAD 1,000,000.8 on December 29, 2025. The transaction includes participation from new investor, Ocean Partners UK Limited. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 1.10 per share for a period of three years following the closing of the offering. All securities issued in connection with the offering will be subject to a statutory holding period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the exchange. Recent Insider Transactions Derivative • Oct 26
President exercised options to buy CA$379k worth of stock. On the 23rd of October, Peter Espig exercised options to buy 375k shares at a strike price of around CA$0.22, costing a total of CA$83k. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. Since December 2024, Peter's direct individual holding has increased from 5.69m shares to 6.05m. Company insiders have collectively bought CA$68k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Oct 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$7.2m). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (CA$823k revenue, or US$589k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Annuncio • Jul 18
Nicola Mining Inc. announced that it has received CAD 2.175 million in funding On July 17, 2025. Nicola Mining Inc. announced that it has closed the transaction. It has issued 4,350,000 units at a price of CAD 0.50 per Unit for gross proceeds of CAD 2,175,000. The Offering was oversubscribed by CAD 175,000. The Company paid an aggregate of CAD 147,000 to four eligible finders in connection with the Offering. Annuncio • Jul 10
Nicola Mining Inc. Commences Long-Term Production of Gold and Silver Nicola Mining Inc. announced that it has commenced production of gold and silver concentrate at its wholly owned Merritt Mill, located approximately 15 kilometers from Merritt, British Columbia. In a news release dated July 18, 2024, Nicola announced the processing of a bulk sample mill feed from Talisker Resources Ltd. The current announcement marks the transition to a long-term production plan. Following extensive upgrades--including automation, gravity separation, and water recirculation systems that underscore the Company's commitment to the environmental stewardship--Nicola is positioned to become a leading milling hub for high-grade gold and silver in British Columbia. In addition to Talisker, Nicola has entered into a partnership with Blue Lagoon Resources and is preparing to commence bulk sample production at Dominion Creek Gold Project, which Nicola holds a 75% economic interest. Price Target Changed • Jul 09
Price target increased by 23% to CA$0.80 Up from CA$0.65, the current price target is an average from 2 analysts. New target price is 31% above last closing price of CA$0.61. Stock is up 85% over the past year. The company posted a net loss per share of CA$0.032 last year. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$8.6m). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (CA$750k revenue, or US$549k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$88.5m market cap, or US$64.8m). Annuncio • Jun 20
Nicola Mining Inc. Commences Exploration Drilling At New Craigmont Copper Project Nicola Mining Inc. announced commencement of the 2025 Exploration Diamond Drilling Program (the " 2025 Program") at its New Craigmont Copper Project ("New Craigmont"), near Merritt, BC. Exploration Target Generation Activities. Five priority exploration targets, three of which are included in Nicola's 2025 program, have been identified through collaboration in 2025 with ALS Geoanalytics (GoldSpot Discoveries Ltd.; "GoldSpot") using AI-based methods to analyze and correlate geophysical and geochemical data from Nicola's large exploration database. Target A. correlates well with the West Craigmont/WP target area where several holes were drilled in 2024. Drilling in 2024 revealed favourable alteration with follow-up potential. Target B. is a new, undrilled target identified by the GoldSpot analysis. Target C. responds with the MARB/CAS target area where positive results from the 2024 Exploration Program made it a high priority target. Target D corresponds with the important Titan Queen MINFILE showing. Historic and subsequent drilling and mapping in 2016 support more drilling. Target E is another new target from the Goldspot analysis that is added to the 2025 Program. Nicola continues to work with GoldSpot to refine the 2025 Exploration Program that will include collection of X-ray fluorescence (pXRF) and short-wave infrared (SWIR) data under the guidance of GoldSpot to ensure consistent, high-quality data acquisition aligned with New Craigmont's exploration goals. This new data will contribute to the development of exploration targets and improve understanding of skarn and porphyry-style mineralization. Diamond Drilling Plans. Exploration plans for the 2025 Program include 4,000-5,000 metres of diamond drilling at the MARB/CAS, West Craigmont/WP, and two new target areas generated by ALS GoldSpot. The purpose of the 2025 Program is to collect geological data for target development for a potential porphyry copper system at New Craigmont. Drill core will provide valuable information on lithology, structure, alteration and mineralization, and multi-element analysis. Drilling at MARB will follow-up near-surface porphyry-style copper-mineralization with holes designed to test a vertical mineralization trend at depth. Near surface skarn at CAS discovered in 2024 is characteristic of mineralization observed in the Embayment Zone. Additional drilling in the 2025 Program will investigate potential continuity along trend between MARB, CAS and the Embayment Zone. Draken is a high-priority, undrilled target consisting of a cluster of copper showings discovered from Nicola's field program in 2023. Outcrops of Guichon Border Phase quartz diorite contain porphyry style quartz-feldspar veinlets with weak copper oxide minerals. Exposures at Draken exhibit some of the best-developed porphyry-style alteration documented on the New Craigmont property, and the target also coincides with high resistivity and high chargeability geophysical response. Summary. Nicola's objective for 2025 is to continue to target for porphyry systems by conducting the following: Acquire an enhanced suite of geochemical data for more targeting studies with GoldSpot. Expand the extent of mineralization observed at the MARB and CAS targets. Test two new targets at West Craigmont, including Draken. Test two new targets generated by GoldSpot in the centre of the property. The estimated budget for the 2025 Program is $1.5-2 M. Nicola anticipates drilling to conclude sometime in September. The Company will provide a separate news release on exploration at its high-grade silver Treasure Mountain Project. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Negative equity (-CA$8.6m). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (CA$750k revenue, or US$547k). Minor Risk Market cap is less than US$100m (CA$71.7m market cap, or US$52.3m). Annuncio • May 13
Nicola Mining Inc., Annual General Meeting, Jul 11, 2025 Nicola Mining Inc., Annual General Meeting, Jul 11, 2025. Location: british columbia, vancouver Canada New Risk • May 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$9.8m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$9.8m). Earnings have declined by 9.6% per year over the past 5 years. Revenue is less than US$1m (CA$818k revenue, or US$593k). Minor Risk Market cap is less than US$100m (CA$63.2m market cap, or US$45.8m). Annuncio • Mar 13
Nicola Mining Inc. announced that it has received CAD 1.130907 million in funding On March 12, 2025, Nicola Mining Inc closed the transaction. The company issued 4,038,955 units at a price of CAD 0.28 per unit for gross proceeds of CAD 1,130,907.4. The company paid CAD 63,827.36 in finder's fees for net proceeds of CAD 1,067,080. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering Annuncio • Feb 26
Nicola Mining Inc. announced that it expects to receive CAD 2 million in funding Nicola Mining Inc. announced a non-brokered private placement consisting of up to 7,142,857 units at a price of CAD 0.28 per unit for gross proceeds of CAD 1,999,999.96 on February 25, 2025. Each unit will consist of one common share and one-half of one transferable share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share of the company at a price of CAD 0.40 per warrant share for a period of three years from the closing of the offering. Finder's fees may be payable in connection with the offering in accordance with the rules of the exchange. Insiders may also participate in the offering. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the exchange. New Risk • Dec 01
New major risk - Revenue and earnings growth Earnings have declined by 6.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (CA$44.3m market cap, or US$31.6m). Annuncio • Nov 15
Nicola Mining Inc. announced that it expects to receive CAD 0.5 million in funding Nicola Mining Inc. announced a non-brokered private placement that it will issue up to 1,492,537 flow-through common shares at a price of CAD 0.335 per FT share for the gross proceeds of up to CAD 500,000 on November 14, 2024. Insiders may participate in the Offering. Finder’s fees may be payable in connection with the Offering in accordance with the policies of the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Annuncio • Jul 04
Nicola Mining Announces Completion of 3D IP Survey and Commencement of Exploration Drilling at the New Craigmont Copper Project Nicola Mining Inc. announced the completion of a 3D induced polarization survey. Based on 3D IP Survey results the Company is in the process of commencing of its 2024 diamond drilling program at the New Craigmont Copper Project, situated approximately 11 kilometres from Merritt, BC and adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest open-pit copper mine. A significant resistivity anomaly appears in the western section of New Craigmont, near the Lornex Fault, via the Company's 2022 ZTEM Survey. This anomaly was confirmed and refined by the 2024 3D IP Survey. Additionally, the Survey detected chargeability anomalies on the edges of the resistivity anomaly within the area, and a potential structure trending ENE, which coincides with the strongest and largest chargeability anomaly. This resistivity high could represent a felsic intrusion, as was observed in outcrop, and the chargeability high could indicate peripheral sulphidation, likely enhanced along the potential structure. The 3D IP Survey has generated multiple drilling targets focusing on the chargeability anomalies within the West Craigmont Zone. The 3D IP Survey at MARB-CAS provided valuable information regarding the lithologies and appears to clearly delineate the contact between Nicola Group rocks and the Guichon Creek Batholith. The major chargeability anomalies are primarily confined within the Nicola Group rocks in the southern portion of the survey area, with some chargeability anomalies detected between the MARB and CAS MINFILE showings. A total of 5,000 m of core drilling is planned for the 2024 exploration program. Drilling will primarily be focused on the West Craigmont Zone initially, with the possibility of also drilling at MARB/CAS later in the summer. Annuncio • May 31
Nicola Mining Inc., Annual General Meeting, Jul 11, 2024 Nicola Mining Inc., Annual General Meeting, Jul 11, 2024. Location: british columbia, vancouver Canada Annuncio • Apr 16
Nicola Mining Inc. announced that it has received CAD 1.264999 million in funding On April 15, 2024, Nicola Mining Inc. closed the transaction. The company issued 5,499,994 flow-through common shares at a price of CAD 0.23 per share for gross proceeds of CAD 1,264,998.62. The company paid an aggregate of CAD 88,549.90 to one finder in connection with the offering. All securities issued in connection with the offering are subject to a statutory hold period expiring August 13, 2024. Annuncio • Apr 03
Nicola Mining Inc. announced that it expects to receive CAD 1.265 million in funding Nicola Mining Inc. announced a non-brokered private placement of up to 5,500,000 flow-through common shares at a price of CAD 0.23 per share for gross proceeds of up to CAD 1,265,000 on April 2, 2024. Finder’s fees may be payable in connection with the Offering in accordance with the policies of the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction Annuncio • Dec 23
Nicola Mining Inc. Announces the Completion of Its 2023 Drilling Exploration Program At the New Craigmont Copper Project Nicola Mining Inc. announces the completion of its 2023 drilling exploration program at the New Craigmont Copper Project, a wholly owned venture located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's largest open pit copper mine. The Company initiated the 2023 Program on June 6, 2023, drilling six diamond holes totaling 2,684 metres on Mineral Lease 237643, adjacent to the historic Craigmont Copper Mine. The 2023 Program aimed to explore the potential of a southeastern extension of the historic Craigmont skarn ore body and to investigate the potential of a porphyry copper system. Drill holes NC23-001, NC23-002, NC23-003, NC23-004a were drilled southeast of the historic Craigmont Copper Mine to test the potential of continued skarn mineralization. NC23-001 intercepted two intervals of (weakly mineralized) exoskarn hosted in Nicola Group limey sedimentary rocks, namely from 67.25 m to 99.8 m and 172.43 m to 185.50 m. The skarn intervals are composed of banded actinolite, magnetite, epidote, brown garnet and veinlets of chalcopyrite. The holes NC23-002, NC23-003 and NC23-004a have discovered extensive alteration (epidote, chlorite and biotite) in Nicola Group sedimentary and volcaniclastic rocks, while no exact skarn interval was found in the drill core. This alteration is characteristic of porphyries and supports the possibility of a proximal porphyry system. Drill holes NC23-005 and NC23-006 were drilled northeast and north of the historic pit and targeted the Guichon Quartz Diorite. Extensive potassic alteration, propylitic alteration and veinlets of chalcopyrite +/- molybdenite were observed in the core, suggesting the presence of a porphyry copper system at New Craigmont. The presence of these features along with discreet zones of significant copper Grade, all in proximity to the historic high-grade skarn, support the hypothesis that there is a porphyry centre (or several) on the property and that a copper porphyry system is the mineralization source for the historic Craigmont skarn. The Company continues to work diligently to compile a database of all, both historic and current, core logs and lab results. Once complete, Nicola will begin building a 3D geological interpretation using core logs, mapping data and geophysics. This will greatly aid in target generation and allow the Company to refine working hypotheses, as well as integrate subsequent data. Induced polarization ("IP") surveys are being planned for spring of 2024 over two key areas of interest, which will help fill existing IP data gaps. Data will be utilized in conjunction with magnetic and resistivity data to augment interpretations of structure, lithology, alteration, and mineralization. Previous IP results correlate well with high-grade copper intercepts at Embayment (Figure 10). Nicola anticipates using the results of the IP surveys, along with existing data to plan drill holes over one or both areas to be drilled later in the summer of 2024. Nicola's exploration team continues to collaborate closely with the University of British Columbia's ("UBC") Mineral Deposit Research Unit ("MDRU") on the MDRU's ongoing study of porphyry-style alteration and mineralization at the New Craigmont property. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Market cap is less than US$100m (CA$36.9m market cap, or US$27.0m). Buying Opportunity • Jul 24
Now 21% undervalued Over the last 90 days, the stock is up 10.0%. The fair value is estimated to be CA$0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annuncio • Jul 06
Nicola Mining Inc. Ships Concentrate Produced Jointly with Osisko Development Corp Nicola Mining Inc. announced that it has commenced shipping of concentrate produced jointly with Osisko Development Corp. To date approximately 160 dry metric tonnes of gold concentrate grading an estimated 90 g/t Au have been shipped from site. The Company has secured an offtake agreement with Ocean Partners UK Limited to sell the concentrate on behalf of Nicola and Osisko. The Company has also completed the first four drill holes in its 2023 diamond drilling exploration program at its wholly owned New Craigmont Copper Project and is in the process of preparing to ship the core to the lab for analysis. Initial drilling has focused on skarn mineralization located approximately 500 metres east of the historic pit, but which was never drilled or explored. The Company announced in its May 2, 2023, news release that initial drilling was conducted to better understand the Nicola Group lithologies. Skarn mineralization is expected to follow a trend that is associated with limy sediments within the Nicola Group sequence and adjacent to the contact with the border phase of the Guichon Creek Batholith. In addition to Nicola's geological team, the University of British Columbia's ("UBC") Mineral Deposit Research Unit3 will be researching the potential and existence of copper porphyry systems on the Craigmont Property, commencing in August. Copper-bearing propylitic outcropping will be studied to vector towards any porphyry centres on the property. Annuncio • Jun 07
Nicola Mining Inc. Commences Diamond Drilling At Its Flagship New Craigmont Copper Project Nicola Mining Inc. announces that it has commenced a diamond drilling exploration program (the "2023 Program") at its wholly-owned New Craigmont Copper Project ("New Craigmont"), located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's copper mine. Mr. Whitty subsequently worked for Nevada Gold Mines, a Barrick-Newmont joint venture, Goldrush Mine Project, which is located within the Cortez district in northern Nevada. As Senior Geologist at a newly producing mine, he successfully built and developed a team of geologists and managed multi-million dollar drill programs. Responsibilities included leading all surface and underground drilling, which included both exploratory and underground grade-control responsibilities, as well as providing senior management key recommendations. Annuncio • May 06
Nicola Mining Inc. Prepares for 2023 Diamond Drilling Exploration Planning at New Craigmont Copper Project Nicola Mining Inc. announced that it has finalized its 2023 diamond drilling exploration planning (the 2023 Program) at its wholly-owned New Craigmont Copper Project (New Craigmont), located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper. Drilling is expected to commence mid-May and the Company has engaged Western Exploration Diamond Drilling (Western), for the 2023 program. Western, who is a local drilling company, has successfully completed all diamond drilling at New Craigmont since 2016. Nicola has hired William Whitty, P.Geo as VP of Exploration who has a strong background in production and exploration geology from Nevada Gold Mines and Freeport McMoran. Will holds over 15 years of international experience specializing in porphyry and skarn deposits and will be an asset for the company's growth strategy. Nicola is currently working with the University of British Columbia as part of a province wide porphyry vectoring study. Continuing sampling and analytical work are expected to provide additional exploration targets on the New Craigmont property. The 2023 Program is expected to be pivotal in the Company's copper exploration initiatives. Nicola received a MYAB Permit to conduct exploration activities through to 2027 including diamond drilling and Induce Polarity (IP) geophysical survey. Although New Craigmont is one of the highest grade copper mines in North American history, with an average grade of 1.3% Copper, it remains largely unexplored beyond the boundaries of the historic pit. The lack of exploration can be attributed to low copper prices in the 1980s and a previous ownership group, comprised of several holders, that focused on magnetite production. It was not until November 19, 2015, that Nicola was able to consolidate ownership of New Craigmont into one contiguous claim group. The 2023 Program will focus on never-before-drilled copper targets. Annuncio • Feb 11
Nicola Mining Inc. Announces Brent Omland to Its Board of Directors Nicola Mining Inc. announced that Brent Omland, co-CEO of Ocean Partners1, has joined the Company's Board of Directors. Ocean Partners delivers trading services to miners, smelters, and refiners by applying technical, commercial, financial, and political insight, bringing expertise in every aspect of the business. Brent Omland has served as the Chief Financial Officer and as a Director of Ocean Partners Holdings Limited since 2013. In 2023, Mr. Omland was appointed to the role of co-CEO of Ocean Partners. Before joining Ocean Partners, Mr. Omland was the Chief Financial Officer for Ivernia Inc. and Enirgi Metals Group, companies focused on lead mining and secondary lead smelting in Australia. Mr. Omland also worked in finance roles for Teck Cominco. Mr. Omland is a graduate of the University of British Columbia (Commerce) and a Canadian Chartered Accountant with 20 years of experience in the mining, metals, and trading business. He also serves on the boards of Galantas Gold Corporation and Dore Copper Mining Corporation. Annuncio • Jan 31
Nicola Mining Inc. Plans to Recommence Gold Production Nicola Mining Inc. announce completing final preparations to commence operations in First Quarter of 2023. Currently, the Company has received in excess of 15,000 tonnes of gold mill feed from Osisko Development Corp's. Cariboo Gold Project. The Company has hired employees to fill key positions required for gold production. Under the Agreement, Osisko may transport material to Nicola's mill site, located near Merritt, British Columbia. Nicola's Merritt Mill site is a unique milling and processing facility because the Company owns the industrial-zoned site free-hold. In addition, it is the only facility in the Province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province. In addition to gold production, the Company expects to receive final results from its 2022 soil sampling program at New Craigmont Property and is preparing for an extensive exploration program in 2023 (the ‘2023 Exploration Program’). Soil results will be published upon receipt and will be incorporated, along with results from its district-wide airborne geophysical Z-axis Tipper Electromagnetic (‘ZTEM’) survey to finalize drill hole locations. The ZTEM survey included inversion modeling carried out across its wholly owned New Craigmont Property has imaged the electrical conductivity signature of known mineral occurrences (‘MINFILEs1’). Annuncio • Jan 14
Nicola Mining Inc. announced that it has received CAD 2 million in funding from Ocean Partners Holdings Limited On January 13, 2023, Nicola Mining Inc. closed the transaction. The Company did not pay any finder’s fees in connection with the transaction. Annuncio • Jan 11
Nicola Mining Inc. announced that it expects to receive CAD 2 million in funding from Ocean Partners Holdings Limited Nicola Mining Inc. announced a non-brokered private placement of 16,000,000 common shares at an issue price of CAD 0.125 per share for gross proceeds of CAD 2,000,000 on January 10, 2023. The transaction will include participation from Ocean Partners Holdings Limited. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the TSX Venture Exchange. Annuncio • Nov 22
Nicola Mining Inc. Receives Multi-Year Area-Based Exploration Permit Nicola Mining Inc. received a multi-year area-based exploration permit, Permit Number MX-4-697. The MYAB Permit allows Nicola to conduct extensive copper exploration on its New Craigmont Property which is located adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's copper mine New Craigmont is the site of the historic Craigmont Copper Mine, which produced approximately 34 million tonnes of copper at 1.3%, one of the highest-grade major copper mines in the history of North America. Despite the significant historic production, the 10,913-hectare site remains highly unexplored due to the original mine's sole focus on magnetite-associated copper skarn and depressed copper prices ($0.60 in 1982) at the time of closing. Technological advances in mining, as well as Nicola's success in consolidating fragmentated shareholder ownership of the mineral claims and mining leases, have significantly augmented the Property's potential. The MYAB Permit extends to the majority of the Property and encompasses the area of the recently completed Z-axis Tipper Electromagnetic (ZTEM) survey, which Nicola announced completion. In addition, to the ZTEM survey, the Company recently completed an extensive soil sampling program to further clarifiscal year drilling target. Results from the soil program will be released upon receipt. The MYAB Permit allows the Company to complete the following key exploration activities: Geophysical Survey with exposed electrodes 190 diamond drill holes 12 km of trenching/bulk sampling of 12 km [6 ha disturbance] The 2023 Exploration Program will target a larger area and key targets previously unexplored by diamond drilling. Annuncio • Nov 18
Nicola Mining Inc. announced that it has received CAD 0.5747 million in funding On November 17, 2022, Nicola Mining Inc. closed the transaction. The company issued 6,049,470 flow-through shares at a price of CAD 0.095 per share for gross proceeds of CAD 574,699.65. The company paid cash finder's fees of CAD 24,499.98 to a certain finder in connection with certain subscriptions in the transaction. All securities issued in connection with the transaction are subject to a statutory hold period expiring March 17, 2024. Annuncio • Nov 08
Nicola Mining Inc. announced that it expects to receive CAD 0.575 million in funding Nicola Mining Inc. announced a non-brokered private placement of 6,052,632 flow-through shares at a price of CAD 0.095 per share for gross proceeds of CAD 575,000 on November 7, 2022. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the Exchange. Annuncio • Sep 14
Nicola Mining Inc. Announces Completion of District-Wide Airborne Geophysical Survey and Related Inversion Modeling Results Nicola Mining Inc. announced the completion of a district-wide airborne geophysical survey and related inversion modeling results carried out across its wholly owned New Craigmont Property which is located in Central British Columbia. The Z-axis Tipper Electromagnetic survey has imaged the electrical conductivity signature of known mineral occurrences the province of British Columbia. ZTEM has produced similar comparable signatures in other locations within the district of the Property. The Company is continuing data compilation and interpretation to better refine targets for a drilling exploration program upon receipt of the multi-year area-based exploration permit. The Company announced in its January 20, 2022, news release that it had applied for the MYAB, which covers subsections of the entire Property will allow the Company to conduct exploration for five years, upon approval. ZTEM is a modern geophysical technique that uses planar natural or passive fields of the Earth's thunderstorm activity as the source of transmitted energy. The vertical field response is caused by the lateral conductivity contrasts in the Earth, effectively mapping deep resistivity. Through geophysical inversions, ZTEM can image the subsurface three-dimensional distribution of apparent resistivity down to >2km depth. Products delivered include total magnetic intensity, total divergence 2D resistivity depth slices with vertical sections, and 3D resistivity inversions. The ZTEM system is proprietary to Geotech Ltd. A 1,029 line-kilometre ZTEM survey was completed across a 184 square kilometre block covering the New Craigmont Property. 2D and 3D inversion results have imaged the electrical conductivity of several MINFILEs in the district that include key Property exploration targets: Eric, Jua, Laron, Titan Queen, Marb 72, WP and Marb Two large and prominent NW-SE and WSW-ENE elongated, intrusion- like magnetic high bodies defined in the northwestern and east-central parts of the block. A large magnetic low in the SW corner of the claim block. A prominent north-south conductive contact on the western margin of the claim block corresponding with the Lornex Fault. A >6 x 3 km oval-shaped resistivity high feature that coincides with the western part of the >3 x 10 km magnetic high. A large WNW to EW to ENE trending 4 km conductive contact that corresponds with the eastern extension of the >3 x 10 km magnetic high. Similar magnetic and resistivity trends indicating NW-SE, NE-SE, and EW lineament trends shown by the West Embayment, East Embayment and Dry Lake faults. Craigmont shows up as a strong electromagnetic high and weak resistivity high. Historical drill data compilation from over 60 sub-levels, the 2,400, 3,060, and 3,500 levels >4,000 historical paper logs have been scanned >60% of assay data has been entered >40% of lithology data has been entered Confirmation of mineralized intercepts within modeled Body 1 and Body 3. Annuncio • Jun 18
Nicola Mining Inc. Announces the Resignation of Doug F. Robinson from the Board of Directors Nicola Mining Inc. announced that all resolutions at the Company's Annual General Meeting, held on June 14, 2022, were approved by the shareholders. The company also announced the resignation of Doug F. Robinson from the Board of Directors. Annuncio • Apr 16
Nicola Mining Inc., Annual General Meeting, Jun 14, 2022 Nicola Mining Inc., Annual General Meeting, Jun 14, 2022. Annuncio • Jan 22
Nicola Mining Inc. Provides Exploration Updates for New Craigmont and Treasure Mountain Projects and Operational Update for Merritt Mill Nicola Mining Inc. to provide a preliminary 2022 exploration plan on its New Craigmont Project, as well as provide a summary of 2021 exploration activities at both its New Craigmont Project and Treasure Mountain Project, both of which are wholly-owned. In addition to exploration summaries, the Company will also provide a brief operational update on its wholly-owned Merritt Mill. The Company has contracted Geotech Ltd. to perform a 998-line kilometer Z-Tipper Axis Electromagnetic survey ("ZTEM Survey") across the entire New Craigmont Project, which is scheduled to be completed in the late spring of 2022. Geotech Ltd.'s proprietary deep penetrating ZTEM survey will probe for new untested conductive and resistive targets. The historic Craigmont deposit is a high-grade Cu-Fe skarn deposit that previously produced approximately 34Mt grading 1.3% Cu. The ZTEM survey will probe for potential fluid sources that precipitated the copper that was previously extracted. As skarns are known to be genetically and temporally related to porphyry deposits, the Company will be examining for this potential. Results from the ZTEM Survey are expected to be received by early summer. After reviewing ZTEM Survey results, the Company will conduct surface mapping and sampling programs, as well as evaluating the potential for future induced polarization surveys ("IP Survey"), which may be used to follow up any geophysical anomalies identified from the ZTEM Survey. By paying close attention to the alteration mineralogy and alteration sequences and combining results from the ZTEM Survey, mapping, sampling and IP Surveys, Nicola hopes to identify several diamond drill exploration targets. Nicola has already submitted a multi-year area-based ("MYAB") application to the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI"). The MYAB, which covers subsections of the Property, will allow the Company to conduct exploration for five years, upon approval. Following the Phase l Exploration Program in 2021, Nicola conducted a small soil sampling campaign that was completed at the Titan Queen and the Promontory Hills zones. The campaign was designed to test the limits of anomalous copper found in soils from a soil survey completed at New Craigmont in 2019. A total of 110 original soil samples were taken; 18 of these samples were anomalous in copper (>100ppm Cu). One of these samples contained 1,010ppm Cu and two others contained values of 656ppm and 686ppm Cu and are considered highly anomalous. These anomalies found in the 2021 soil survey extends anomalous copper at the Titan Queen zone in an east-west trend and warrants additional follow up work. Relogging of diamond drill core, with an emphasis on alteration mineralogy and sequences, began in 2021 and will be ongoing throughout the winter. A LiDAR survey was completed by Eagle Mapping Ltd. during the summer of 2021 on the Treasure Mountain property over an approximate area of 22 km2. The data has since been processed and received by the Company. The Company is in the process of applying for a MYAB for the Treasure Mountain Project, which will includes IP Survey and diamond drilling targets. The higher priority target is the MB Zone, which is located approximately 1.5 km from the underground mine workings to the north and on backside of the mountain. This target has not yet been diamond drill tested. Nicola is pleased that the Dominion Gold Project, which the Company owns a 75% economic interest, has submitted its Cariboo Mitigation Plan to the EMLI. The Company's partner in the project, High Range Exploration, is currently working on an updated pit plan, which is the last required submission for its Bulk Sample Permit. As announced in its December 22, 2021, Operational Update news release, the Mill Site was not adversely affected by recent southern BC flooding. In fact, the Company is in the process of applying for EMLI approval to provide riprap from the New Craigmont Site to help facilitate infrastructure repairs, including highways, in the region. Nicola plans to work with a First Nations' affiliated company to provide gravel and riprap for the repair efforts. The Company is also planning to ship 103 dry metric tonnes of concentrate, that is stored inside the mill, as soon as possible. Annuncio • Aug 28
Nicola Mining Inc. Provides an Exploration Update for Its 2021 Exploration Phase I Drill Program on Its Wholly Owned New Craigmont Property Nicola Mining Inc. provided an exploration update for its 2021 Exploration Phase I Drill Program on its wholly owned New Craigmont property. The focus of Phase I was to test targets defined by magnetic anomalies located lateral and adjacent to the historic Craigmont Copper Mine. Results from Phase I drilling have recently been received from Actlabs and are reported herein. The focus of the Phase I Program was to drill test two magnetic anomalies. Magnetic vector inversion modelling suggested a magnetic anomaly adjacent to the western margin of the Craigmont pit ("Target 1"). A second target included a surface outcrop containing copper and iron mineralization with a coincident magnetic anomaly extending to depth on the northeast margin of the historic Craigmont pit ("Target 2"). The Phase 1 Program consisted of five diamond drill holes for a total of 1459.65 meters. The first three holes (CC-21-76, CC-21-77, and CC-21-78) were drilled at Target 1 and the final two holes (CC-21-79, and CC-21-80) were drilled at Target 2. Holes CC-21-76 and CC-21-77 were drilled into the large magnetic anomaly west of the pit, which intersected the Guichon Creek Border Phase diorite and contained abundant locally disseminated magnetite with disseminated pyrite and locally intense epidote and chlorite alteration. The third hole (CC-21-78) was drilled to the south, outside and along, the periphery of the magnetic anomaly where it intersected Nicola Group sediments that contained mineralized skarn intervals containing massive chalcopyrite, magnetite, and pyrite mineralization within strongly altered calcareous sediments. Holes CC-21-79, and CC-21-80 were drilled at Target 2 and intersected strongly chlorite altered diorite on the northeast pit margin that contained massive magnetite hosted in fractures and present with clots and disseminated chalcopyrite. The Company is currently awaiting approval from EMLI for its Multi-Year Area Based (MYAB) permit submitted earlier this year, which will allow the Company to explore several mineral showings and prospects to depth. In the meantime, a core relogging program is underway in conjunction with alteratio surface outcrop mapping and sampling. CC-21-78 intersected 11.5m grading 2.19% Cu within 71.5 m grading 0.38% Cu demonstrating the mineralized potential in a largely untested area between the Craigmont pit and previous intercepts (DDH-THU-002: 85.6m at 1.11% Cu and NC-2018-03: 100.6m grading 1.33% Cu) approximately 800 m to the west of historic mining operations. CC-21-79 intersected 71.35 m grading 0.29% Cu within 130.35m grading 0.21% Cu, whereby showing the mineralized potential not recovered during historic mining operations. Annuncio • May 13
Nicola Mining Commences Phase 1 Exploration at the New Craigmont Copper Project Nicola Mining Inc. announced that it has commenced Phase 1 exploration drilling at its 100% owned New Craigmont Copper Project, located near Merritt, BC, and 33 km south of the Highland Valley porphyry district. Phase 1 will be composed of approximately 2,000m of diamond drilling that primarily targets two magnetic anomalies: Target 1: A largely unexplored magnetic anomaly located west and adjacent to the historic pit. Previous drilling on the western margin of this anomaly intercepted 85.6m at 1.11% Cu (DDH-THU-002) and 100.6m grading 1.33% Cu (NC-2018-03). Target 2: Surface outcropping high-grade copper and iron mineralization with a corresponding magnetic anomaly extending to depth located immediately northeast of the historic Craigmont mine. Magnetic vector inversion modeling appears to indicate that the previous copper intercepts at Target 1 intercepted the western fringe of a mineralized anomaly, characterized by intervals of massive chalcopyrite and magnetite mineralization. Phase 1 drilling will step out eastwardly across the anomaly, which continues for approximately 650m from the previous intercepts. Target 2 is defined by massive magnetite and chalcopyrite skarn mineralization outcropping immediately adjacent to the open pit. This target is located at a depth of ~200m and is adjacent to historic underground mine workings. Annuncio • Apr 25
Nicola Mining Inc. announced that it expects to receive CAD 2 million in funding Nicola Mining Inc. (TSXV:NIM) announced a non-brokered private placement of up to 13,333,334 common shares at a price of CAD 0.15 per share for gross proceeds of up to CAD 2,000,000 on April 23, 2021. The company will pay no finder’s fees in connection with the transaction All securities to be issued in the transaction will be subject to a statutory hold period expiring four months and one day after closing date. The transaction is subject to the approval of the TSX Venture Exchange. Annuncio • Jan 20
Nicola Mining Inc. Announces 2021 Exploration Objectives at New Craigmont Copper Project Nicola Mining Inc. to provide a 2021 exploration outline at its wholly-owned New Craigmont Copper Project, located near Merritt, BC, and 33 km south of the Highland Valley Copper porphyry district. In 2020, the Company filed for a multi-year area-based ("MYAB") exploration permit that would allow it to move forward on a five-year exploration plan. Additional to the MYAB application, the Company continues to actively integrate historic data into its geological models. The ongoing desktop work is expected to improve the quality and accuracy of the "target development" and "target confirmation" stages of its exploration pipeline approach. The 2021 program ("2021 Program") includes up to 21 drill holes (8520 metres1), five new trenches and the reactivation of 6 historic trenches. Diamond drilling will focus on testing the contact aureole between the Guichon Creek Batholith and the Nicola Group along an extensive alteration corridor in areas displaying an anomalous magnetic response, interpreted to be semi-massive magnetite-chalcopyrite mineralization. The 2021 season will comprise of two phases of drilling, with the second phase contingent on the results of phase one. A trenching program is aimed at developing three target areas where copper occurrences have been observed but not drill tested. Favorable results these trenches may be followed up by a small drill program to test the depth extent of mineralization encountered at surface. The first phase of drilling is designed to test four target areas (Figure 1), with the best results being followed up in phase two. Target "A": A magnetic anomaly along strike to the east of the Craigmont Open Pit. Semi-massive magnetite-chalcopyrite skarn outcrops east of the Open Pit; The target is located at a depth of 200m, adjacent to historic underground mine workings; Two 200 m long diamond drill holes will test this magnetic bulb near a diorite plug. Target "B": Magnetic Vector Inversion modelling of airborne magnetic data suggests a magnetic body with approximate dimensions of 700 m west, 50 m north, and is located 300 m below surface; Holes THU-002 (85.92m @ 1.11% Cu) and NC-2018-03 (100.6m @ 1.33% Cu) drilled by Nicola intersected a magnetic anomaly that warrants additional testing; These show strong correlation with the magnetic vector inversions2, the magnetic susceptibility, and the occurrence of magnetite-chalcopyrite-actinolite-epidote skarn; This area is interpreted to be the right-lateral (i.e., northward) displacement of the Craigmont Skarn (toward the Embayment zone); Three 500m diamond drill holes aim to test this magnetic zone eastward, toward the Craigmont Open Pit. Target "C": A 700 m long diamond drill hole will test magnetic anomaly interpreted as a pipe-like body connected to a deeper magnetic body hosted in Nicola Group near the Guichon Lake Batholith contact. Target "D": A series of short 100m diamond drill holes are will test beneath the "CAS" showing, a magnetite-chalcopyrite breccia hosted by diorite identified during the 2017 geological mapping campaign; This target lies on the southeast trending corridor of high magnetic intensity with the "MARB" showing on the northwestern margin. Annuncio • Dec 23
Nicola Mining Inc. Announces Results of Phase Two Soil Samples At Treasure Mountain and Completion of the 2020 Exploration Program Nicola Mining Inc. announced that it has received assay results from 167 soil samples collected during Phase Two of the 2020 Program at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. The soil samples were consistently collected from the B-horizon. The Second Phase of the Program ("Phase Two") extended the 2019 and 2020 soil grid eastward along the northern slope of Treasure Mountain. These results conclude the 2020 Program, which was successful in identifying a semi-continuous ~2km long northeast trending silver soil anomaly. Highlights of the assay results include the following: From a total of 167 samples: Six were anomalous in silver ranging from 1000- 3670 ppb; Three samples were anomalous in zinc with a maximum value of 308 ppm; One sample was anomalous in lead with a maximum value of 216.5 ppm. The anomalous silver values in soils are co-incidental with outcrop of exposed sphalerite (ZnS)-galena (PbS) vein material that was tested with a portable drill during Phase One Program. The results of this portable drilling confirmed that silver mineralization is associated with these galena and sphalerite bearing veins exposed at surface. The silver, lead and zinc soil anomalies are spatially associated with one another, suggesting little dispersion. The source of this soil anomaly is interpreted to be at shallow depth along this trend. Further work is required to prove that the vein is continuous along this anomalous soil trend. The weakening of the soil anomaly toward the east of the soil grid suggests that these mineralized veins may not occur at surface to the east. The Company plans to include the area of anomalous silver, lead and zinc into a multi-year exploration permit and will work toward further testing of this soil anomaly. Annuncio • Dec 16
Nicola Mining Inc. announced that it expects to receive CAD 0.6 million in funding Nicola Mining Inc. (TSXV:NIM) announced a non-brokered private placement of up to 4,615,384 units at an issue price of CAD 0.13 per unit for gross proceeds of up to CAD 600,000 on December 14, 2020. Each unit consist of one common share issued on flow-through basis and one half of one common share purchase warrant. Each warrant will entitle the holder to purchase one share on non-flow-through basis at a price of CAD 0.17 per warrant share for a period of 2 years from closing. The transaction may include participation from insiders of the company. The company may pay finders’ fee in accordance with the policies of TSX Venture Exchange. All securities to be issued will be subject to a statutory hold period of four months and one day after closing of the transaction. The completion of transaction is subject to approval of Exchange. Annuncio • Nov 13
Nicola Mining Inc. Receives Assay Results from All 14 Portable Drill Holes Nicola Mining Inc. announced that it has received assay results from all 14 portable drill holes. These drill holes tested the recently identified 1.2 km mineralized trend during Phase One of the 2020 Program 1 at its wholly owned Treasure Mountain Property, a fully- permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. The drilling was done at five locations along the approximately 1.2 km mineralized trend. These results are the first known drill results along this structure. These demonstrate this vein system contains silver, trace gold and copper. Several historic mine adits were identified proximal to some of the outcrop vein exposures, but the extent and age of these workings is unknown. Despite the narrow vein widths intersected in this drilling, the apparent strike length is significant. The results from the drilling are interpreted to be the source of the soil anomaly defining a potential 1.2km mineralized trend, identified in the 2019 and 2020 Phase One Soil Programs. Additionally, the soil anomaly extends 700m along a more west-east trend within the Paysayten Group, where no mineralized outcrop has been identified. The Company is awaiting assay results from the Phase Two program which comprised of an additional 168 soil samples, extending the soil grid east. Annuncio • Nov 10
Nicola Mining Announces Results of Portable Drilling from Treasure Mountain Including an Intercept of 589 g/t Silver At Surface Nicola Mining Inc. announced that it has received assay results from all 14 portable drill holes. These drill holes tested the recently identified 1.2 km mineralized trend during Phase One of the 2020 Program1 at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. The drilling was done at five locations along the approximately 1.2 km mineralized trend. These results are the first known drill results along this structure. These demonstrate this vein system contains silver, trace gold and copper. Several historic mine adits were identified proximal to some of the outcrop vein exposures, but the extent and age of these workings is unknown. Despite the narrow vein widths intersected in this drilling, the apparent strike length is significant. The results from the drilling are interpreted to be the source of the soil anomaly defining a potential 1.2km mineralized trend, identified in the 2019 and 2020 Phase One Soil Programs. Additionally, the soil anomaly extends 700m along a more west-east trend within the Paysayten Group, where no mineralized outcrop has been identified. The Company is awaiting assay results from the Phase Two program which comprised of an additional 168 soil samples, extending the soil grid east. Nicola Mining applies a thorough quality assurance/quality control (QA/QC) program at the Project, which is compliant with industry best practices. Trained personnel collected and logged drill core according to lithology, alteration, and mineralization. The drill core was photographed prior to being sampled. Suitable certified reference material is inserted into sample batches, which are submitted to the Actlabs (ISO 17025 Certified) in Kamloops, British Columbia. All results included in this
release have passed the QA/QC procedures. There are no known factors that could materially affect the reliability of data collected and verified. Annuncio • Oct 27
Nicola Mining Inc. Outcrop Chip Sampling at the Dominion Property Returns Grades of 34.9 Grams Au and 176 Grams Ag per Tonne Nicola Mining Inc. announced results from chip samples taken during a due diligence site visit to the Dominion Property. Four chip samples across mineralization exposed in a historical trench comprising vein material and adjacent rock, and one grab sample representative of vein material from both exposed veins were taken. The samples were sent to ALS Metallurgy Laboratory ("ALS Labs") located in Kamloops, BC and returned the following grades: Samples A00204491 and A0024489 were taken directly from the footwall and hanging wall portion of the Number 16 Vein outcrop; Samples A00204490 and A00204488 were taken from material adjacent to the hanging wall vein. The sample marked Surface Chip (no tag) was a composite sample representative of the footwall and hanging wall vein material. In addition to mineralization grades, material is currently undergoing metallurgical test work at ALS Labs. Testing includes creating a sulfide-based gold /silver concentrate via flotation processes similar to the Company's fully permitted flotation mill located near Merritt, BC to calculate gold recovery. The Company will issue a separate news release on concentrate grades and characteristics when analysis is complete. Nicola Mining applies a thorough quality assurance/quality control program at the Project, which is compliant with industry best practices. Samples were collected and delivered to ALS Metallurgy in Kamloops by Nicola Mining, where they were crushed, sub-sampled and pulverized in preparation for analysis. ALS Metallurgy is an ISO 9001:2015 certified laboratory and ran certified reference materials during the analyses, as per industry accepted QA/QC practices. Four high grade gold samples were assayed in duplicate to confirm results. Annuncio • Oct 06
Nicola Mining Announces Results of Phase One Soil Samples from Treasure Mountain and Completion of Its Phase Two Program Nicola Mining Inc. announced that it has received assay results from 304 soil samples collected during Phase One of the 2020 Soil Sampling Program 1 at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Merritt Mill. In addition to receiving results of Phase One sampling, the Company has also completed Phase Two of 2020 Program, which is comprised of an additional 168 soil samples, extending the soil grid east. Phase One Soil Sample highlights include the following: Fifty soil samples were anomalous in silver ranging from 1,000-20 080 ppb, two of which had an excess of 10,000 ppb Ag (12 140 and 20 080 ppb). Eighty-three samples were anomalous in zinc with a maximum value of 1005 ppm. Thirty-two samples were anomalous in lead with a maximum value of 710 ppm. The results from the soils collected to date are encouraging as they show anomalous silver in the soils along the potential 1.2km Northeast-Southwest mineralized trend. These anomalous values are proximal to mineralized vein outcrop which were tested with a portable drill during Phase One (assay results pending). Additionally, silver, lead and zinc soil anomaly extends an additional 700m along a more west-east trend within the Paysayten Group, where no mineralized outcrop has been identified. Annuncio • Oct 05
Nicola Mining Inc. Receives Assay Results from Seven Grab Samples Collected During Phase One of the 2020 Program at its Wholly Owned Treasure Mountain Property Nicola Mining Inc. announced that it has received assay results from seven grab samples collected during phase one of the 2020 Program at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. Seven grab samples were collected from five locations: Treasure Mountain Open Pit: Historic pit area located on the crest of Treasure Mountain, near the JK Vein that was mined in 2011 (1 sample); JK Vein: Vein with previous high-grade results located approximately 1.0 km east of the current mine development that continues to remain a high-priority focus of the Company (1 sample); Scree2 Sample: In absence of a suitable soil sample, the Company gathered a representative rock sample for testing (1 sample); Historic Trench: A historic trench located near the Scree Sample was observed and tested (1 sample); Exposed Vein3: In its August 24, 2020 news release the Company described that it had identified a potential 1.2 km mineralized corridor that it had never previously explored (3 samples). Highlights include the following: Sample 2100207 taken from the Exposed Vein contained the following grades: 1300 g/t Ag (45.86 ounces per tonne Ag); 2.59 g /Au 1.16% Cu, 27.4% Pb and 27.2% Zn; Sample 2100205 taken from the JK Vein contained the following grades: 1040 g/t Ag (36.7 ounces per tonne Ag) 6.93% Pb and 1.37% Zn. All seven samples were sent to ActLab laboratory for assay located in Kamloops, BC. The grab sample from the recently identified exposed veins (Sample 2100207) is encouraging as it indicates that these veins have the potential to host significant silver, gold, copper, and zinc grades. The upcoming portable drill results, which tested this mineralized structure, aims to provide an estimate on the true width and grade to the veins within this potential 1.2km mineralized trend. Annuncio • Sep 24
Nicola Mining Inc. (TSXV:NIM) signed a a letter of intent to acquire 50% interest in Dominion Creek Gold Project in Canada from High Range Exploration Ltd. for CAD 0.15 million. Nicola Mining Inc. (TSXV:NIM) signed a letter of intent to acquire 50% interest in Dominion Creek Gold Project in Canada from High Range Exploration Ltd. for CAD 0.15 million on September 23, 2020. Nicola Mining agrees to finance estimated startup costs of CAD 0.525 million. This acquisition provides Nicola a 75% economic interest in the Gold Project. Nicola Mining will conduct further due diligence prior to committing to a definitive agreement. Annuncio • Sep 18
Nicola Mining Inc. Enters into Strategic Mining and Milling Profit Share Agreement Nicola Mining Inc. announced that it has entered into a Strategic Mining and Milling Profit Share Agreement (the "Strategic Agreement") with High Range Exploration Ltd. ("High Range" or the "Miner"). On February 25, 2015, the Company announced that it had entered into an original profit share agreement with High Range, the latter which subsequently underwent a corporate restructuring. The Strategic Agreement has terms identical to the original agreement signed between the two parties, which was the Company's first profit share agreement. Under the Agreement, High Range plans to extract mill feed from its wholly-owned Dominion Creek Property, which is located 43 kilometers northeast of the Town of Wells and about 110 kilometers east- southeast of Prince George, and then plans to ship this mill feed to Nicola for processing. During the past three months the Company and High Range have worked closely together with the intention of bringing the project towards a 10,000 tonne bulk sample permit, which the Miner plans to ship to the Company's mill for processing. Prior to shipping material from Dominion Creek Property to the mill, the groups will initially conduct a test analysis on the Miner's high-grade gold stockpile. According to the Agreement, mill feed will be stored and tested on site to confirm grades greater than 0.5 oz/tonne Au equivalent (15.552 grams/tonne Au equivalent). Once a sufficient stockpile has been achieved the material will be transported to the Company's mill. Nicola will be responsible for negotiating the sale of concentrate to a smelter or third-party purchaser. Under the Agreement, the Miner will be responsible for all costs associated with extraction and transportation to Nicola's processing facility, which is located near Merritt, B.C., while Nicola will be responsible for all costs associated with milling operations. Upon repayment of costs, according to terms of the Agreement, the parties will equally distribute the remaining proceeds from the sales of concentrates. Annuncio • Sep 05
Nicola Mining Inc. announced that it has received CAD 0.75 million in funding On September 2, 2020, Nicola Mining Inc. (TSXV:NIM) closed the transaction. The transaction included participation from 13 placees. No finders' fees were paid in connection with the transaction. All securities issued in connection with the transaction are subject to a statutory hold period expiring January 3, 2021. The TSX Venture Exchange has accepted for filing documentation of the transaction. Annuncio • Aug 25
Nicola Mining Inc. announced that it expects to receive CAD 0.65 million in funding Nicola Mining Inc. (TSXV:NIM) announced a non-brokered private placement of up to 5,000,000 at a price of CAD 0.13 per unit for the gross proceeds of CAD 650,000 on August 24, 2020. Each unit consists of one common share of the company and one-half of one share purchase warrant. One warrant entitles the holder to purchase one additional share of the company at a price of CAD 0.20 per share for a period of two years from closing of the transaction. The company will not pay finders' fees in the transaction. All securities issued in the transaction are subject to a statutory hold period expiring four months and one day after closing for the transaction. The closing of the transaction is subject to approval of TSX Venture Exchange.