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Nicola Mining Inc.

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Summary

Project:

New Craigmont

Deposit:Craigmont
Location:Canada
Commodities:Copper-Iron
Date:3/1/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:1-3-2019: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the New Craigmont project. Drilling results incl. 9.0m @ 0.86% Cu, 9.54% Fe. Vancouver, British Columbia--(Newsfile Corp. - March 1, 2019) - Nicola M
Resources:x
CP/QP:[Overall Report]: Kevin Wells (Independent)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - March 1, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce final results on its 39-hole Reverse Circulation drill program on the 3060-Portal ("3060 RC Program" (Table 1). This program is designed to evaluate the copper equivalent grade and volume of historical material excavated from underground workings of the Craigmont Mine and piled at 3060-Portal (Figure 1). These results confirm significant grades of copper and magnetite, which are combined to create a copper equivalent ("CuEq")1 . The historical mine terraces, which equate to approximately 80-90 million-tonnes, surrounding the Craigmont Mine Open pit (Figure 2) and 3060-Portal benefit from having previously incurred all costs associated with mining, which is greater than 50% of the cost of production 2 . The Company previously announced positive 3060-Portal RC drill results, however these results did not incorporate the CuEq contribution from magnetite 3 .

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