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.
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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
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