Enter into Milling Agreement
Nicola Mining Inc. and Talisker Resources Ltd.
Enter into Milling Agreement
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Nicola Mining Inc.
(TSXV: NIM) (FSE:
HLIA)
, (
the "
Company
" or "
Nicola
") is pleased to announce that on April 1, 2024, it and Talisker
Resources Ltd. (
TSX: TSK
) (
OTCQX: TSKFF
) (“
Talisker
”) have signed a Milling Agreement (the
“Agreement”).
Under the Agreement, Talisker may transport material to Nicola's mill site, located near
Merritt, British Columbia.
Nicola's Merritt Mill is a unique $30.0 million plus milling and processing facility
constructed on free-hold industrial-zoned land owned 100% by the Company.
Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept
third party gold and silver mill feed from throughout the province.
Since 2016, Nicola has entered into several profit share agreements with mining companies, including
Osisko Development
.
The Company is in a strong position as it prepares to commence milling operations and is in the
process of finalizing its 2024 Exploration Program, at the historic Craigmont Copper Mine.
Details 2024
Exploration Program will be announced later.
Qualified Person
William Whitty, P. Geo, Nicola's VP of Exploration, is the Qualified Person as defined by National
Instrument 43-101 -
Standards of Disclosure for Mineral Projects
for the technical disclosure contained
in this news release.
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.
On behalf of the Board of Directors
"
Peter Espig
"
Peter Espig
CEO & Director
For additional information
Contact:
Peter Espig
Phone: (778) 385-1213
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/204628