Nicola Mining Inc. Ships Second Shipment of Gold and Silver Concentrate
Nicola Mining Inc. Ships Second Shipment of
Gold and Silver Concentrate
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2021) - Nicola Mining Inc. (
TSXV: NIM
)
(
FSE: HLI
) (the "
Company
" or "
Nicola
") is pleased to announce that it has completed a second
shipment of 105.8 tonnes of gold and silver concentrate to
Ocean Partners UK Limited
1
("
Ocean
Partners
").
On August 31, 2021, the Company announced its first shipment, which produced via a
partnership with Blue Lagoon Resources Inc. (
CNSX: BLLG).
Combined with the initial concentrate
shipment, the Company has now sent a total of 140.9 tonnes of concentrate to Ocean Partners for an
aggregate total value of USD 664,081.36.
Ocean Partners received independent assays from Wheal Jane Laboratory, an ISO 9001, and ISO
14001 certified laboratory based in the United Kingdom, with grades of 101.9 grams / tonne Au and
363.2 grams / tonne Ag, respectively.
This exceeds the invoicing grades used of 85 grams / tonne Au
and 430 grams / tonne Ag for the first 40 tonnes and 93 grams / tonne Au and 468 grams / tonne Ag for
the current 105.8 tonnes.
Webinar
Nicola Mining will host a webinar to discuss the Company's recent updates. The webinar will take place
on
Friday, September 17th at 9am PST / 12pm EST
. Management will be available to answer
questions following the presentation.
To join the webinar, register from this link (also includes dial-in instructions):
https://my.6ix.com/n-WeS_YV
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 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/
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/96723