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Nicola Mining announces 2019 Exploration Program

Mining News - Published on Wed, 29 May 2019

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Nicola Mining Inc announced 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.

The New Craigmont Project does not conform to a "typical'’ exploration pipeline. The Project is a permitted historic mine site with active permits under M-68. In addition, extensive work done on the mine (c.1958-c.1982) was focused primarily on ore definition, development and extraction of the mineral inventory, known at the time. This work resulted in a cumulative production of 36.75 million tons of ore grading 1.28% CuM. However, the project had limited exploration beyond its historic operations.

The primary objective is to prove the historic un-exploited mineral inventory through target definition drilling on in-situ ore bodies and underground surveying to delineate volume of material remaining in sub-level caves in Craigmont Central area. In tandem, a NI-43-101 Mineral Resource is in the process of being defined on the historic Mining Terraces.

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Posted By : Sanju Moirangthem on Wed, 29 May 2019
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