This article has been disseminated on behalf of Nicola Mining Inc. and may include paid advertising.
Nicola Mining (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) announced initial assay results from two mill feed stockpiles comprising material from Red Eye Resources Ltd., with which Nicola entered into a profit-share agreement earlier in August. Samples totaling 47.82 kilograms from stockpiles estimated at approximately 1,200 tonnes and 300 tonnes returned an overall weighted average grade of 2.83 grams per tonne gold and 753.41 grams per tonne silver. Nicola plans to proceed with laboratory simulations aimed at maximizing recovery and evaluating potential processing at its Merritt Mill. The company cautioned that the results should not be considered representative of the entire stockpiles because buried material was inaccessible, additional material was subsequently added to the larger pile and assay results showed high variability.
To view the full press release, visit https://ibn.fm/JrBLd
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.
NOTE TO INVESTORS: The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Austin, Texas
www.MiningNewsWire.com
512.354.7000 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
