Nicola Mining is pleased to announce results of an Induced Polarization (IP) geophysical survey over Promontory Hill, an area of high interest on the Company’s wholly-owned New Craigmont Project and located southwest of the Craigmont pit. The New Craigmont Project that the Company had previously referred to as Thule Copper is the site of the historic Craigmont Copper Mine, located near Merritt, BC and near Teck Resources [...]
VANCOUVER, BROTISH COLUMBIA--(Marketwired - Apr 6, 2017) - Nicola Mining Inc. (the "Company" or "Nicola") (TSX VENTURE:NIM) is pleased to announce that it has entered into a long-term Mining and Milling Profit Share Agreement ("LT Agreement") with Gavin Mines Inc. ("Gavin Mines"). On May 31, 2016, the Company announced that it had entered into a Milling and Profit Share Agreement with Gavin Mines. The Company subsequently [...]
Nicola Mining is pleased to announce results of historic and resampled diamond drill core from hole S-100. Hole S-100 was originally drilled in January 1978 on the Embayment target located on the Thule property 10 km west of Merritt, B.C. Early in January 2017, Nicola Mining geologists re-sampled S-100, an historic surface drill hole from the Craigmont Mine. This hole was drilled into the Embayment target; a target that [...]
Nicola Mining is pleased to announce that it has shipped to MRI Trading Ag, 296.35 dry metric tonnes of gold and silver concentrate grading 97.116 grams Au and 535.491 grams Ag per tonne, for an aggregate total of approximately 28,780.49 grams Au and 158,694.1 grams Ag. The source of the mill feed that produced the concentrate is from Gavin Mines Inc. ("Gavin Mines"). Terms of the Milling and Profit Share Agreement (the [...]
Nicola Mining is pleased to announce that it has completed its non-brokered private placement as further described in its news release of December 2, 2016. In connection with the closing of the Financing, the Company sold an aggregate of 3,500,000 units at a price of $0.20 per Unit for gross proceeds of $700,000. Each Unit consists of one common share of the Company, issued on a "flow-through" basis pursuant to the Income [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 3, 2016) - Nicola Mining Inc. (TSX VENTURE:NIM) (the "Company") is pleased to announce that it has entered into an Exploration and Material Purchase Agreement (the "Agreement") with Teck Highland Valley Copper Partnership ("HVCP"), a wholly owned subsidiary of Teck Resources Ltd.. Nicola Mining Inc. owns 100% of the Thule Copper Property (the "Property") that covers 10,084 [...]
VANCOUVER, B.C. / TheNewswire / September 7, 2016 - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to report that significant copper mineralization has been intersected on the Thule Copper Property located 14 km northwest of Merritt, British Columbia. The Thule Copper Property covers 10,084 hectares along the southern end of the Guichon Batholith and is 100% owned by Nicola. The diamond drilling [...]
VANCOUVER, B.C. / TheNewswire / August 25, 2016 - Nicola Mining Inc. (the "Company") is pleased to announce that, on August 24, 2016, it completed a non-brokered private placement financing (the "Financing") as further described in its news release of August 23, 2016. In connection with the closing, the Company sold an aggregate of 18,337,665 units (each, a "Unit"), at a price of $0.12 per Unit, for gross proceeds of [...]
Nicola Mining announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of 18,337,665 units (each, a "Unit") at a price of $0.12 per Unit for gross proceeds of $2,200,519.80. Each Unit will consist of one Share and one share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional Share at a price of $0.18 per Share for a [...]
VANCOUVER, B.C. / TheNewswire / August 9, 2016 - Nicola Mining Inc. (the "Company") (TSX.V: NIM) is pleased to announce that it has commenced shipping of concentrate and entered into an offtake agreement (the "Agreement") with MRI Trading Ag. (the "Buyer"), a company headquartered in Switzerland and a subsidiary of CWT Group, a leading global logistics and commodity marketing company. CWT Group employs approximately 6,000 [...]
Nicola Mining is pleased to announce that it has commenced a drilling program on its 10,084 hectare Thule Copper Property located at the southern end of the Guichon Batholith approximately 14 km northwest of Merritt. The drill program will consist of approximately 1,500 metres of drilling and will focus on three key targets zones: the Eric, Embayment and Titan Queen Zones. The purpose is to expand copper mineralization [...]
Toronto, Ontario (FSCwire) - Ubika Research has initiated coverage of Nicola Mining Inc. (CVE:NIM), a junior mining company with a 100% owned state-of-the-art mill and tailings facility located in British Columbia. Nicola is expected to be cash-flow positive in the near term with further upside potential coming from its copper (Thule) and silver (Treasure Mountain) projects. Read the full report at [...]