Nicola Mining Inc. Resumes Operations at New Craigmont Project
Nicola Mining Inc. Resumes Operations at New
Craigmont Project
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - Nicola Mining Inc. (
TSXV: NIM
)
(
FSE: HLI
) (the "
Company
" or "
Nicola
") announces that the
Evacuation Order
(the "
Order
"), which was
issued on August 15, 2021, for the Lower Nicola and Area - EA MN (Beautiful Nicola Valley - North) has
been downgraded to evacuation alert
The Order temporarily affected gold and silver milling operations
at the Company's New Craigmont Project.
Nicola is committed to protecting the health and safety of employees and contractors and continues to
closely to monitor wildfire and regional air quality conditions.
It has also been in close communication
with Aspen Planers and the Lower Nicola Fire Department to offer water and services for the firefighting
process.
The Company is now preparing to bring back its crews to recommence milling operations.
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 is comprised
of four key assets:
1
.
A $30.0 million plus modern mill facility that is held freehold and is the only site permitted to
process material province wide.
2
.
100% ownership of the historic Craigmont Copper Mine located in southern British Columbia.
3
.
100% ownership of Treasure Mountain, a high-grade silver mine located in southern British
Columbia.
4
.
75% economic interest in the high-grade Dominion Creek Project gold project.
In depth explanations can be seen on the Company's Corporate Presentation.
https://nicolamining.com/investors/corporate-presentation/
About the New Craigmont Property
In November of 2015, Nicola became the first group in decades to consolidate ownership of the New
Craigmont Project (the "Property") and has been actively conducting mineral exploration since. The
Property is a wholly owned copper property with an active mine permit (M-68), located 33 km south of
the world-class Highland Valley porphyry district. The property is located adjacent to the southern end of
the Guichon Creek Batholith, which hosts the Highland Valley copper deposits.
There are currently no mineral resource estimates on the Property. Historical "non-NI 43-101" resource
calculations are recorded in internal memos and geological reports for Placer Development Ltd.
For further details on the Property, see the technical report entitled "Technical Report on the Thule
Copper- Iron Property, Southern British Columbia, Canada", filed on May 8, 2013, on Sedar at
www.sedar.com
.
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/94040