Nicola Mining Inc. is pleased to announce soil geochemistry results collected from the WP area at the New Craigmont Property. The WP Zone consists of sheared, brecciated, and mineralized Nicola Group volcanic rocks with associated chalcopyrite, pyrite, and specularite. Previous chip channel sampling by Nicola Mining returned values of 0.37% Cu over [...]
Nicola Mining Inc. , is pleased to announce 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 [...]
Nicola Mining Inc. , is pleased to announce completing final preparations to commence operations in Q1 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. See photos of [...]
Nicola Mining Inc. , is pleased to announce that it and Osisko Development Corp. have signed a Mining and Milling Profit Share Agreement . 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 [...]
Nicola Mining Inc. , announces that it has repaid in full the US$750,000 Prepayment Facility to Ocean Partners UK Limited1 . Repayment funds were derived from operating cash flow at the Company's Craigmont Mill site, located near Merritt, British Columbia. Peter Espig, CEO of Nicola, commented, "We continue to make headways on our corporate goals [...]
Nicola Mining Inc. is providing "Year in Review: 2022", with the hope that it provides additional clarity on several key milestones that were achieved in 2022. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter provides insight into our plans for 2023. The year began with the Company announcing that [...]
Nicola Mining Inc. is pleased to announce that it and Osisko Development Corp. have signed a Memorandum of Understanding for the processing of gold mill feed currently stock piled at Osisko's site, located in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel. The gold mill feed originates from Osisko's wholly [...]
Nicola Mining Inc. is pleased to announce that it has received a multi-year area-based exploration permit, Permit Number MX-4-697 , on November 3, 2022. The MYAB Permit allows Nicola to conduct extensive copper exploration on its wholly-owned New Craigmont Property , which is located adjacent to Teck Resources Ltd.'s Highland Valley Copper [...]
Nicola Mining Inc. is pleased to announce 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 [...]
Nicola Mining Inc. , announces that it has completed a prepayment of 20% of the outstanding principal, as well as interest, of the debenture due November 21, 2022. The Company prepaid $1,329,176 of the principal and $81,936 in accrued interest of the $6,942,882 outstanding principal. The remaining principal of the debenture is now $5,613,706 [...]
Nicola Mining Inc. , is pleased to announce that it has entered into a funding agreement with the University of British Columbia's and UBC Mineral Deposit Research Unit to research the potential and existence of copper porphyry systems. MDRU is a partnership between UBC Mineral Deposit Research Unit, Lakehead University and Universities of Alberta [...]
Nicola Mining Inc. , is pleased to announce that it has recommenced operations at its gravel pit with its partner Lower Nicola Site Services Ltd. an indirectly majority-owned company which is a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc. The gravel pit is located at the Company's Craigmont [...]
