Nicola Mining Inc. is pleased to provide an update on its Notice of Objection filed with the Canada Revenue Agency on July 19, 2018 concerning certain Canadian Exploration Expenses claimed by investors who purchased flow-through securities issued by the Company in 2012, for which tax deductions had previously been disallowed by the CRA. The Company has been advised by the CRA Appeals Officer assigned to the matter that [...]
Nicola Mining Inc. is pleased to announce a non-brokered private placement anchored by an international mining investment group that has set up a Canadian subsidiary for the investment. Insiders will also participate in the private placement, which will consist of the issuance of up to 7,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $700,000 . Insiders may also participate in the Offering. The [...]
Nicola Mining Inc. , is pleased to announce that it has received all required permits and has commenced its 2019 Exploration Program . The Company has contracted Western Exploration Diamond Drilling Ltd. to conduct the diamond drilling program , which started on May 23, 2019. Overview The New Craigmont Project does not conform to a "typical" exploration pipeline. The Project is a permitted historic mine site with active [...]
Nicola Mining Inc. is pleased to announce additional drill results from its 2018 Exploration Program[1] at its wholly-owned New Craigmont Project , located 14 km from Merritt, British Columbia. Drill results are from the Craigmont Central Zone and were designed to explore the boundaries of the historic open pit. The economic contribution from magnetite[2] is taken into consideration in this release and reported as a copper [...]
Nicola Mining Inc. is pleased to announce positive results from Outotec's Initial Inspection Study, in which select material from the terraces and highly mineralized zones at the wholly-owned New Craigmont Copper Project was evaluated. The test work was conducted at Tomra Sorting's Test Center in Hamburg, Germany. This study successfully demonstrated that the COM Tertiary XRT Sorter can clearly distinguish ore1 from waste [...]
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 of copper and magnetite, which are combined to create a copper equivalent [...]
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 floatation testing on samples collected from a number of selected diamond drill [...]
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 relationship with copper mineralization in both porphyry and skarn environments [...]
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 behalf of the Board of Directors "Peter Espig" Peter Espig CEO & Director [...]
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 proceeds of $1,255,000 . Each Unit consists of one common share of the [...]
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 release. The permitted mine project is located on the historic Craigmont [...]
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 Income Tax Act and one-half of one common share purchase warrant , with each [...]
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