Nicola Mining Inc. is pleased to announce final results on its 39-hole Reverse Circulation drill program on the 3060-Portal . This program is designed to evaluate the copper equivalent grade and volume of historical material excavated from underground workings of the Craigmont Mine and piled at 3060-Portal . These results confirm significant grades [...]
Nicola Mining Inc. is pleased to announce the results of a preliminary metallurgical testing program and the significance of a copper-magnetite grade equivalent at its wholly-owned New Craigmont Project , located 14 km from the city of Merritt, BC. Nicola contracted ALS Metallurgy's Kamloops[1] laboratory to perform magnetic separation and froth [...]
Nicola Mining Inc. is pleased to announce that Dr. Jacob Longridge has joined the Company's geological team. Dr. Longridge obtained his PhD from Imperial College, in which he specialized in the field of hydrothermal alteration associated with economic porphyry deposits. His knowledge and expertise of hydrothermal alteration systems and the [...]
Nicola Mining Inc. is pleased to announce that it has granted an aggregate of 3,325,000 stock options to certain directors, officer, employees and consultants for the purchase of up to 3,325,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of 5 years at a price of $0.10 per common share. On [...]
Nicola Mining Inc. is pleased to announce that, further to its News Release of December 19, 2018, that it has closed its flow-through private placement financing. The Company announced that it had increased the number of units from 6,000,000 units of the Company at $0.125 per Unit for gross proceeds of up to $750,000 to 10,040,000 Units for gross [...]
Nicola Mining Inc. , is pleased to announce positive field reconnaissance and grab sampling results along with the completion and interpretation of an induced polarization survey . The IP Survey and Sampling Program are part of the Company's 2018 Exploration Program at its wholly-owned New Craigmont project, as explained in its May 1, 2018 news [...]
Nicola Mining Inc. is pleased to announce a non-brokered private placement consisting of the issuance of up to 6,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $750,000 . Insiders may participate in the Offering. Each Unit will consist of one common share of the Company issued on a "flow-through" basis pursuant to the [...]
Nicola Mining Inc. is pleased to announce that it has repaid its entire senior secured debt obligation and interest to Waterton Global Value, LP . The Company paid Waterton $663,062 in principal and interest on the senior secured debt obligation, which was the final payment obligation to Waterton. Waterton has also liquidated its equity position in [...]
Nicola Mining Inc. is pleased to announce a non-brokered private placement consisting of the issuance of up to 9,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $900,000 . Insiders are participating in the Offering. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant [...]
Nicola Mining Inc. today announces that it intends to pay all of the interest owing on the secured convertible debentures issued on November 21, 2014 by the issuance of common shares of the Company. The Debentures mature on November 21, 2019 and bear interest at a rate of 10% per annum, which Interest is payable under the terms of the Debentures [...]
Nicola Mining Inc. , is pleased to announce that it has commenced an extensive Reverse Circulation drilling program on the historic Craigmont Copper Mine waste piles and the 3060 Ore Portal. The approximate 80-90 million tonnes of Waste Piles and 3060 Portal surround the historic Craigmont pit, which is located 3km southeast of Merritt, BC. The [...]
Nicola Mining Inc. is pleased to announce that it is preparing to recommence milling operations under its long-term Mining and Milling Profit Share Agreement with Gavin Mines Inc. . The Company had hoped to recommence operations in August but there were delays with mine production. Pursuant to the LT Agreement Gavin Mines plans to ship up to 40,000 [...]
