For thousands of other reports visit RSC's Mineral Intellingence Map
Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 9/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-9-2018: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the New Craigmont project. Drilling results incl. 150m @ 0.54% Cu. Vancouver, British Columbia--(Newsfile Corp. - September 25, 2018) - Nicola Minin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wells (Independent) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 25, 2018) - Nicola Mining Inc. (TSXV: NIM), (the "Company" or "Nicola") is pleased to announce and confirm the presence of a previously unexplored mineralized zone north of the historic Craigmont open pit. The near-surface zone is located within the boundaries of Nicola's active Mine Permit M-68. Nicola targeted the area after historic data and recent mapping from the Company's 2017 and 2018 Exploration Programs revealed the potential of mineralization north of the pit. The second exploratory diamond drill hole (CC-18-02) targeting the northern extension of the Craigmont Pit Halo (the "Mineralized Halo") (Figure 1) was located approximately 100 metres from the pit and intercepted 1.05% Copper over 73.6 meters. The results confirm the existence of an in-situ mineralized halo adjacent to the Craigmont pit that is within the Craigmont Central exploration area. The mineralization within the hole appeared unique because, in addition to chalcopyrite, the presence of bornite was seen for the first time. Bornite often occurs closer to the source of high-temperature source of copper mineralization. Frank Hogel, Chairman commented, "It is becoming increasingly clear that this is a very special project. The Company understands the importance of combining the zones to create one large consolidated deposit. We look forward to providing additional exploration and operational updates in subsequent news releases." Nicola continues to follow up by drilling additional holes to the east and west along the predicted strike orientation in a previously un-drilled area within Craigmont Central. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report