Nicola Mining Inc. Ships Its Largest Shipment of Gold and Silver Concentrate to Port
Nicola Mining Inc. Ships Its Largest Shipment
of Gold and Silver Concentrate to Port
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Nicola Mining Inc. (
TSXV: NIM
)
(
FSE: HLI
), (the "
Company
" or "
Nicola
") is pleased to announce that it has completed a second
shipment of 196 tonnes (175 dry metric tonnes) of gold and silver concentrate to
Ocean Partners UK
Limited
1
("
Ocean Partners
").
The tonnage is the single largest shipment of concentrate shipped to port,
to date.
The material shipped contained an approximate 92 grams gold / tonne and 562 grams silver per
tonne.
As announced in the December 22, 2021, its Mill Site, which is located between Merritt and Spences
Bridge, was not adversely affected by recent southern BC flooding.
The highway that connects the
region, Highway 8, was, however, severely damaged and is currently undergoing extensive repairs.
As
part of its commitment to the environment and local communities, the Company submitted a Notice of
Departure ("
NoD
") for the extraction and processing of rock at the New Craigmont Project to the Ministry
of Energy, Mines, and Low Carbon Innovation ("
EMLI
").
Upon approval, the Company hopes to work with
First Nations and contractors by providing much needed riprap for infrastructure repairs.
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, consisting of 30 mineral tenures covering 513 hectares (ha)
and a mining lease covering 335 ha.
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.
This press release contains "forward-looking statements" within the meaning of applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements regarding
the impact of the ongoing drill program and results on the Company, the possible economics of the
project and the Company's understanding of the project; the development potential and timetable of the
project; the estimation of mineral resources; realization of mineral resource estimates. Generally,
forward-looking statements can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"continue", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would", "will", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are made based upon certain
assumptions and other important facts that, if untrue, could cause the actual results, performances, or
achievements of Nicola to be materially different from future results, performances or achievements
expressed or implied by such statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the environment in which Nicola will
operate in the future. Certain important factors that could cause actual results, performances, or
achievements to differ materially from those in the forward-looking statements include, amongst others,
currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity, performance or achievements of Nicola to be
materially different from those expressed or implied by such forward-looking statements, including but
not limited to: there being no assurance that the exploration program will result in expanded mineral
resources; risks and uncertainties inherent to mineral resource estimates.
1
Ocean Partners operates in a number of countries, including Canada, Chile, China, Cyprus, Mexico,
Mongolia, Netherlands, Peru, Taiwan, Turkey, United Kingdom, and the United States, and retains
agency representation in Argentina, Australia, Bolivia, Brazil, Chile, Ecuador, India, Japan, South Africa,
South Korea.
The Company maintains a strong global network of relationships and contacts in the base
metal mining and smelting sector.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/114675