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Nicola Mining Inc.
Summary
| Project: | Thule | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 11/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2017: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the Thule project. Drilling results incl. 5m @ 1.032% Cu from 0m. VANCOUVER, B.C. September 26, 2017 – Nicola Mining Inc. (the “Company”) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wells (Independent) | |
| ABSTRACT: | VANCOUVER, B.C. September 26, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce the results of a Reverse Circulation drill program (“RC Program”). The program was designed to evaluate the copper grade and volume of historical material excavated from underground workings of the Craigmont Mine, located near Merritt, British Columbia. The material is located adjacent to the 3060-Portal (figure 1). Results of the RC Program confirm significant copper mineralization in the material sampled by drilling. A RC drill rig operated by Boart Longyear Ltd. was mobilized to site on July 24 and drilling continued until August 1, 2017. The program was temporarily suspended due to poor air quality resulting from forest fire smoke, which affected the BC Interior this year. The material tested accounted for approximately 65% of the area occupied by the excavated material. In addition to 3060 Portal, the Company had planned to conduct RC drilling at Portal 3500, prior to postponing the RC Program due to air quality issues caused by forest fires. Future RC drilling is expected to focus on the approximate 80 - 90 million tonnes of stockpiles surrounding the pit area. The Company recognizes that the quantity and grade is conceptual as there is insufficient data to conclude a NI 43-101 resource; however, the RC Program has provided significant insight into the potential of the 80 - 90 million tonnes of mine strip material surrounding the open pit. The program demonstrated the viability of using RC drilling to obtain reliable samples of unconsolidated dump material for tonnage and grade estimation. | |
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