Nicola Mining Announces the Completion of the UBC Master's Thesis Concluding That Craigmont Is Part of a Porphyry-Linked Skarn System
Nicola Mining Announces the Completion of
the UBC Master's Thesis Concluding That
Craigmont Is Part of a Porphyry-Linked Skarn
System
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2026) -
Nicola Mining Inc.
(TSXV: NIM)
(OTCQB: HUSIF) (FSE: HLIA)
(the "
Company
" or "
Nicola
") is pleased to announce that Warren
Wagner has completed his Master of Science (
M.Sc.
) thesis, at the University of British Columbia's
(
UBC
) Mineral Deposit Research Unit (
MRDU
), on the New Craigmont copper project
1
. His thesis is
titled
The Skarn to Porphyry Transition: Establishing Links Between Skarn and Porphyry-Type
Mineralization at New Craigmont British Columbia.
The full publication and supplementary data tables
are available for download on the UBC website:
https://open.library.ubc.ca/soa/cIRcle/collections/ubctheses/24/items/1.0451531
The purpose of the thesis was to examine the potential connection between the historically mined
Craigmont skarn and undiscovered porphyry systems in the surrounding area. Using field observations,
petrography, whole-rock and mineral chemistry, and integrated geochronology, Warren's thesis has
redefined Craigmont as a porphyry-linked skarn system genetically tied to multi-pulsed Late Triassic
magmatism within the Guichon Creek batholith's Border Phase.
Mineral ages determined through geochronology lab work defined two discrete hydrothermal stages:
massive calcsilicate skarn alteration at ~215 Ma related to the earliest Border Phase intrusions and
overprinting, vein-hosted porphyry-type mineralization at ~209 Ma associated with later, oxidized
intrusions.
Potassic, phyllic, calc-potassic, and propylitic alteration styles indicate the presence of a larger porphyry
system proximal to the skarn deposit. Epidote mineral chemistry from propylitic assemblages further
supports this. New Craigmont epidote contains elevated porphyry indicator trace elements consistent
with other porphyry deposits in British Columbia and worldwide. Finally, epidote mineral chemistry
systematics within the Guichon Creek batholith reveal that New Craigmont contains a separate, porphyry
centre, unrelated to those of the Highland Valley district. The study also highlights the importance of
structural permeability and reactive Nicola Group host rocks in focusing hydrothermal fluids and
controlling the distribution of skarn and porphyry-style mineralization.
Conclusions of the study have positive implications for ongoing exploration at New Craigmont. The study
confirms Nicola's ongoing hypothesis that the historical skarn is driven by a nearby porphyry system.
Detailed geochemistry work has helped narrow exploration to broadly two regions within the property:
West Craigmont (where the Draken target is located), and east of the historical mine (where the Jotun
target is located). Nicola is integrating MRDU data into ongoing vectoring work and target generation.
Peter Espig, CEO of Nicola, stated, "We applaud Warren and MRDU on two years of fruitful work at our
New Craigmont Copper Project. The thesis' conclusion aligns with our growing confidence in our three
years of geological work, mapping and 2025 porphyry vectoring. Given the size of our land package and
location, which includes sharing Guichon Batholith with Highland Valley Copper, the prospect of having
one or more porphyries at New Craigmont is increasingly compelling, as highlighted in the thesis. We
are very encouraged to commence our 2026 Exploration Program."
Qualified Person
The scientific and technical disclosures included in this news release have been reviewed and approved
by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President,
Exploration for the Company.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX-V 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 BC-based 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 property that hosts historical high-grade
copper mineralization and 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 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
Initially disclosed
June 29, 2022
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https://www.newsfilecorp.com/release/289165