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Nicola Mining Inc.

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Summary

Project:

New Craigmont

Deposit:Craigmont
Location:Canada
Commodities:Copper
Date:3/23/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:23-3-2020: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the New Craigmont project. Drilling results incl. 7.37m @ 1.39% Cu from 552.78m. Vancouver, British Columbia--(Newsfile Corp. - March 23, 2020) - Ni
Resources:x
CP/QP:[Overall Report]: Kevin Wells (Not stated)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - March 23, 2020) - Nicola Mining Inc. (the "Company") is pleased to report the results of the final two drill holes of the 2019 diamond drill hole program ("2019 Drill Program"). The 2019 Drill Program consisted of five holes at the Company's wholly-owned New Craigmont Copper Project ("Craigmont Project"), located 14km from the City of Merritt, BC. The 2019 Drill Program targeted potential mineralization in the southwest margins of the historic Craigmont open pit and historic underground workings. All holes intersected copper mineralization (Figure 1). Additional to mineralized intercepts, the 2019 Drill Program provided insight into a potentially larger mineralized system, as highlighted below: 1) Two Styles of Mineralization: Drill holes intersected skarn-type mineralization typical of the historical mine and for the first time, mineralization with porphyry-style characteristics. 2) Extension of Mineralization and Alteration: The 2019 Program expanded drill-tested length of the west-trending corridor of copper mineralization to 900 metres.

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