Nicola Mining to Commence Gold and Silver Production
Nicola Mining to Commence Gold and Silver
Production
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) -
Nicola Mining Inc.
(TSXV: NIM) (FSE:
HLIA) (OTCQB: HUSIF)
(
the "
Company
" or "
Nicola
") is pleased to announce that has started
receiving gold / silver ore from Talisker Resources Inc. and is currently undergoing pre-production
adjustment.
The modern $33.0 million plus milling and processing facility, which is located near Merritt,
British Columbia, has undergone numerous upgrades in 2H 2024
1
.
Production at the modern facility, which is constructed on free-hold industrial-zone land owned 100% by
the Company, is expected to ramp up and reach full capacity in Q3.
The Company has also commenced
the process of applying for an amendment to its permit, for the purpose of increasing mill throughput.
Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept
third party gold and silver mill feed from throughout the province.
Talisker Resources Ltd.
Nicola and Talisker have recently entered into a new Milling Agreement and the latter has commenced
transportation of high grade gold/silver ore to Nicola's mill site.
Nicola had previously announced that it
and Talisker had signed a Milling Agreement
2
on
July 18, 2024
.
Nicola and Talisker have commenced
working with Ocean Partners UK Limited
3
on the sale of gold and silver concentrate.
Ore from Talisker's Bralorne Mine
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Nicola Mining's Merritt Mill
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Blue Lagoon Resources
Nicola continues to work closely with Blue Lagoon Resources ("
Blue Lagoon
") and has participated in
all tranches of the latter's recent private placement.
In a previous capital round, Blue Lagoon announced
that Nicola had subscribed for
7,142,857 shares
.
The Company will participate in Blue Lagoon's official
opening of the latter's Dome Mountain Mine on July 9
th
, 2025, and is completing final preparations to
accept Dome's high-grade gold / silver ore, thereafter.
Dominion Gold / Silver Bulk Sample
Nicola announced on
March 12, 2025
that it has received the Final Permit ("Final Permit
[1]
") to complete
a bulk sample
[2]
at its Dominion Creek Mineral Project ("Dominion"), a high grade gold and silver
project, of which Nicola owns a 75% economic interest.
Preparation has been initiated to mobilize
equipment and begin mining activities in July of 2025.
The Company will provide separate news releases for each project soon.
In addition to commencing gold and silver production, Nicola is currently preparing to commence copper
exploration at its New Craigmont Copper Project.
To strengthen its geological team the Company has
hired Vicente García as a Senior Geologist.
Mr. García is an experienced exploration geologist with a
strong technical background from having worked on many deposit types in North and South America,
including porphyry copper.
The Company will issue a separate geological news release soon.
Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "Unlike previous milling campaigns we are
excited to realize that Nicola is morphing into a steady and long term producer.
It is rare for junior miners
to reach the production pinnacle and to monetize current precious metal prices with our partners.
We are
also witnessing firsthand augmented efficiencies in British Columbia's permitting of underground mining
operations, which characteristically minimize environmental impact, as well as the strategic significance
of our fully permitted mill.
In addition to production, we have boosted our geological team and are
ramping up activities for what we believe to be an exciting exploration campaign, not only at the New
Craigmont Project, but also our fully permitted silver mine, Treasure Mountain."
Qualified Person
William Whitty, P. Geo., the Company's VP Exploration, 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 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
News Release describing upgrades:
Link
2
News Release:
April 9, 2024
Link
3
Ocean Partners operates in several countries throughout the world and
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/252869