Nicola Mining Has Commenced Diamond Drilling at Its Flagship New Craigmont Copper Project
Nicola Mining Has Commenced Diamond
Drilling at Its Flagship New Craigmont Copper
Project
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2023) - Nicola Mining Inc. (
TSXV: NIM
) (
FSE:
HLI
) (
OTCQB: HUSIF
)
(the "
Company
" or "
Nicola
") announces that it has commenced a diamond
drilling exploration program (the "
2023 Program
") at its wholly-owned New Craigmont Copper Project
("
New Craigmont
"), located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland
Valley Copper, Canada's largest copper mine.
The Company announced in its
May 2, 2023
news release, that it had hired an Economic Geologist / VP
of Exploration to lead the 2023 Program and is pleased that Will Whitty, P.Geo has joined the team. Mr.
Whitty has over fifteen years of advanced-stage exploration experience working on a variety of porphyry
copper +/- molybdenum deposits and copper skarns as well as Carlin-style gold and orogenic gold
deposits.
Mr. Whitty completed his B.Sc. degree in geology at Carleton University in Ottawa and his
M.Sc. degree in geology with the Mineral Deposit Research Unit ("
MDRU
1
") at UBC in Vancouver. After
graduating, he worked as a consultant for TetraTech EBA, providing technical services to the mining
industry.
He subsequently, moved to Arizona where he worked for Freeport-McMoRan for nine years. As
part of Freeport's mine site exploration group, he had the opportunity to visit most of the company's
mines in the southwest US, run drill programs, and provide geological services.
Mr. Whitty subsequently worked for
Nevada Gold Mines
, a Barrick-Newmont joint venture, Goldrush Mine
Project
2
, which is located within the Cortez district in northern Nevada.
As Senior Geologist at a newly
producing mine, he successfully built and developed a team of geologists and managed multi-million
dollar drill programs. Responsibilities included leading all surface and underground drilling, which
included both exploratory and underground grade-control responsibilities, as well as providing senior
management key recommendations.
Serendipitously, Will's role as VP of Exploration at Nicola includes working closely with the MDRU and
Department of Earth, Ocean and Atmospheric Sciences
("
EOAS
2
") at the University of British Columbia.
The Company has commenced working with the MDRU, which has established a team to work on the
2023 Program.
Peter Espig, CEO of Nicola, commented, "Firstly, we are very excited to have a geologist with the
caliber of Will Whitty join our team.
His commitment to the Company and passion towards the geological
potential of New Craigmont have already become apparent.
Secondly, we are very encouraged to have
MDRU / EOAS' increasingly active participation at New Craigmont as we endeavor to unlock its
potential.
Finally, it's gratifying to witness years of foundational geological efforts that include combining
Z-Axis Tipper Electromagnetic, airborne electromagnetic and induced polarization surveys, as well as
mapping, logging of historic holes, reviewing historical drill logs and conducting various laboratory and
on-ground research culminated into drilling efforts.
The Company faced market pressure to put metres in
the ground; however, we have and remain committed to a long-term strategy and firmly believe that
superior understanding will potentially facilitate superior outcomes."
Qualified Person
Kevin Wells, P.Geo, a consulting geologist to the Company, is the independent 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 TSX Venture and Frankfurt Exchanges 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 Teck
Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The Company also owns
100% of the Treasure Mountain Property, which is comprised of 51 mineral tenures, 21 legacy claims:
100 cell units, and five crown grants for a total of approximately 2,850 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
MDRU-Mineral Deposit Research Unit is a collaborative research venture between the minerals industry and The University of British Columbia's
(UBC) Department of Earth, Ocean and Atmospheric Sciences.
2
Goldrush Mine Project:
https://www.barrick.com/English/operations/nevada-gold-mines/default.aspx
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/168806