Nicola Mining and Blue Lagoon Receive First Payment for Gold and Silver Under Long Term Partnership
Nicola Mining and Blue Lagoon Receive First
Payment for Gold and Silver Under Long Term
Partnership
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2026) - Nicola Mining Inc. (TSXV: NIM) (the
"
Company
" or "
Nicola Mining
") is pleased to announce that it and Blue Lagoon Resources (CSE:
BLLG) ("
Blue Lagoon
") have sold US$1.0 million gold and silver to Ocean Partners UK Limited
1
("
Ocean Partners
").
The Company is also pleased to announce that Blue Lagoon continues to provide
steady shipments since the commencing of gold and silver mill feed hauling, as announced on
December 1, 2025
2
.
The two parties had previously announced
3
a commitment to a long term
partnership
4
.
Peter Espig, CEO of Nicola, commented, "Nicola is very excited to work closely with Blue Lagoon as the
two companies mutually ramp up production and revenues, amidst strong precious metal prices.
Blue
Lagoon's management has done an incredible job in spearheading the project through permitting and
mine development to becoming a producer."
Qualified Person
Cameron Lilly, P. Eng., the Company's Mill Manager, is the Qualified Person as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of, and
has reviewed and approved, the technical information in this 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 over 10,800 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 is a fully-permitted high grade silver mine and 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:
URL:
www.nicolamining.com
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.
1
Ocean Partners operates in several countries throughout the world.
Ocean Partners maintains a strong
global network of relationships and contacts in the base metal mining and smelting sector.
2
News Release:
December 1, 2025
Link
3
Nicola Mining News Release dated
June 23, 2025
4
Blue Lagoon's News Release dated September 29, 2025:
Link
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279429