For thousands of other reports visit RSC's Mineral Intellingence Map
Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Craigmont | |
| Location: | Canada | |
| Commodities: | Copper-Iron | |
| Date: | 4/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-4-2019: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Craigmont deposit at the New Craigmont project. Drilling results incl. 152.3m @ 0.77% CuEq from 195.5m. Vancouver, British Columbia--(Newsfile Corp. - April 8, 2019) - Ni | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wells (Independent) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - April 8, 2019) - Nicola Mining Inc. (TSXV:NIM) (the "Company" or "Nicola") is pleased to announce additional drill results from its 2018 Exploration Program[1] at its wholly-owned New Craigmont Project (the "Project"), located 14 km from Merritt, British Columbia. Drill results are from the Craigmont Central ("CC") Zone (Table 1) and were designed to explore the boundaries of the historic open pit. The economic contribution from magnetite [2] is taken into consideration in this release and reported as a copper equivalent ("CuEq"). Historically, the average recovered grade of the ore was 1.28% copper [3] . The historic drilling primarily focused on specific lithological units, which have an East-West trend (Figure 1). This led to very little exploration drilling to the north and south of this corridor of high-grade mineralization. Through the review of the historic drill hole database and available historic drill core, it was identified that known copper mineralization was not sampled as it was possibly considered marginal to the high-grade bodies. These low to moderate-grade mineralized zones, peripheral to the mine workings, are key targets within the Craigmont Central area. A total of 8 diamond drill holes totaling 2755 meters were drilled to test low to moderate grades peripheral to the mine open pit in 2018 (Figure 1). The 2018 CC drilling focused primarily to the north of the open-pit and drilled across stratigraphy from north toward the open pit, testing a previously unexplored corridor between the mine and the contact with the Guichon batholith. Of the eight drill holes, three intersected significant mineralization | |
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