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Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 8/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-8-2019: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the New Craigmont project. Drilling results incl. 84.00m @ 0.34% Cu from 387.00m. Vancouver, British Columbia--(Newsfile Corp. - August 19, 2019) - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 19, 2019) - Nicola Mining Inc. (TSXV: NIM) is pleased to provide assay results from its third drill hole, CC-19-73, (Figure 1) from its ongoing 2019 Exploration Program ("2019 Program") at the Company's wholly-owned New Craigmont Project, located in British Columbia's Thompson-Nicola Region. The purpose of the first three drill holes was to confirm and intersect the unexploited, and incompletely delineated No. 3 Ore Body hole 1 (Figure 1), which the Company will refer to as No. 3 Mineralized Body from hereon. The No. 3 Mineralized Body is located adjacent to the 2400 level of the historic Craigmont Mine. Although CC-19-73's intercept of No. 3 Mineralized Body appears shorter and less mineralized than the previous two holes of the 2019 Program, it appears to be of the greatest significance. The hole intercepted 84 meters grading Cu 0.34% (CuEq 0.46%) of the recently discovered and previously unknown "Upper Zone" mineralization encountered in the preceding two drill holes 2 . This is a 50-meter westward step-out which demonstrates the lateral continuity of the Upper Zone encountered in the first two holes. | |
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