Nicola Mining Ramps Up Production of High Grade Gold and Silver Concentrate
Nicola Mining Ramps Up Production of High
Grade Gold and Silver Concentrate
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Nicola Mining Inc.
(TSXV:
NIM)
(OTCQB:
HUSIF)
(FSE:
HLIA)
(the "
Company
" or "
Nicola Mining
") is pleased to report a material
increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue
Lagoon Resources
(CSE: BLLG)
at the Dome Mountain Gold Project.
High-grade gold and silver material is being processed at Nicola's fully permitted Merritt Mill, where the
Company has transitioned from gravity & flotation gold recovery to a flotation-only recovery circuit to suit
the new mill feed and to streamline production. This optimization reflects the sulphide-hosted nature of
the mineralization and is designed to enhance metallurgical recoveries, improve concentrate grades,
and maximize payable metal content. The resulting high-grade gold-silver flotation concentrate is sold to
Ocean Partners UK Limited
1
("
Ocean Partners
")., a globally recognized metals trading and finance
group.
The transition from gravity-centric recovery to a flotation-focused flowsheet has been executed without
operational disruption. Incremental plant upgrades and circuit refinements are being implemented
concurrently with production to further improve recoveries, throughput stability, and operating
efficiencies. Underground development at Dome Mountain continues, with additional mining faces being
prepared to sustainably increase mill feed tonnage.
In parallel, Nicola has initiated procurement of key mobile equipment and personnel in preparation for
planned extraction at its Dominion Gold Project. The Dominion project hosts structurally controlled, high-
grade gold. which Nicola intends to commence extraction under a bulk sample permit in July 2026.
Gold
production will allow validation of grade continuity, metallurgical performance, and mining selectivity
while further augment the Company's cash flow.
Peter Espig, CEO of Nicola, stated, "Nicola continues to systematically advance its near-, mid-, and
long-term development strategy. Our integrated milling infrastructure, coupled with high-grade feed
sources in a premier mining jurisdiction, provides operating leverage to strengthening precious and
base metal markets. Concurrently, we remain focused on achieving our planned Q1 2026 NASDAQ
uplisting."
Qualified Person
Cameron Lilly, P. Eng., the Company's Mill Manager, is the Qualified Person as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of, and
has reviewed and approved, the technical information in this release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the 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 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 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 is a fully-permitted high grade silver mine and 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
Ocean Partners operates in several countries throughout the world.
Ocean Partners 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/285364