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Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 6/1/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-6-2020: Nicola Mining Inc. announces a Resource Estimation report for its Craigmont deposit at the New Craigmont project. Preliminary Mineral Resource Estimate for Project. This Technical Report provides a preliminary copper mineral resource estimate fo | |
| Resources: | (Resources, Inf): 18.7Mt @ 0.13% Cu Surface Material | |
| CP/QP: | [Resource]: Kevin Wells, James Gray (Advantage Geoservices Ltd.,KWW Geoscience & Exploration Corporation) | |
| ABSTRACT: | This Technical Report provides a preliminary copper mineral resource estimate for the New Craigmont Mine Project (Craigmont Project) of Nicola Mining Inc. (Nicola) in British Columbia, Canada. The report was prepared by Kevin Wells, P.Geo., and James N. Gray, P.Geo. Both are independent “qualified persons” (QPs) as defined by Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and as described in Section 28 (Date and Signature Pages) of this report. This initial Mineral Resource represents the first stage in the on-going exploration and potential development of the New Craigmont Project. Property Description and Location The Craigmont Project is in southern British Columbia (Figure 4.1), 18 km northwest of the city of Merritt. The UTM coordinates for the Craigmont Project are 5563500 North and 648500 East (geographic projection: NAD 83, Zone 10N). Access to the property is provided by paved and gravel roads. Additional mineral claims totaling 828 hectares were staked in December 2019, as a result the Craigmont Project now consists of 22 mineral tenures and 10 mineral leases with a total area of 10,913 hectares. | |
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