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Nicola Mining Inc.
Summary
| Project: | Thule | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 9/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2017: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the Thule project. Drilling results incl. 9m @ 0.8632% Cu from 0m. VANCOUVER, B.C. September 26, 2017 – Nicola Mining Inc. (the “Company”) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wells, Chris LeClair (Independent;Internal) | |
| 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. On October 3, 2016, the Company announced that it had entered into an Exploration and Material Purchase Agreement with Teck Highland Valley Copper Partnership (“HVCP”), a wholly owned subsidiary of Teck Resources Limited involving approximately 80 – 90 million tonnes of mine strip material (refer to Oct. 3, 2016 news release) surrounding the historic Craigmont open pit. As described in the Oct. 3, 2016 news release, the historic cut off grade of the open pit was 0.7%. | |
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