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Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Embayment Zone | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 4/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-4-2018: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Embayment Zone deposit at the New Craigmont project. Drilling results incl. 100.6m @ 1.33% Cu from 292.7. April 2, 2018, Vancouver, BC.: Nicola Mining Inc. (TSX.V: NIM), | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wells (Independent) | |
| ABSTRACT: | April 2, 2018, Vancouver, BC.: Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to provide the results of their latest drill hole, as well as a summary of results on its 2017-2018 Winter Drilling Program (the “Program”). The Program focused on extending and defining boundaries on the Craigmont West Zone, previously referred to as the Embayment Zone at the Company’s 100%-owned New Craigmont Project, British Columbia. The name was changed from “Embayment” to “Craigmont West” to denote the westward extension of the mineralized skarn zone mined in the historic Craigmont open pit and underground mine. The program was designed to target the full width and western extent of a segment of copperiron-skarn mineralization believed to be the continuation of the mineralized zone extending west from the historic Craigmont Mine. The initial drilling results at Embayment were reported in news releases dated February 28, 2018, January 12, 2018 and December 21, 2017. Nicola has since received all results from the remaining drilling to date. Peter Espig, CEO commented, “Results from the initial stages of drilling at Craigmont West have been very encouraging and more drilling is clearly necessary for advancing the project toward establishing a resource and exploring west along strike and at depth. This drilling has intersected grades and widths comparable to mineralized zones mined at the historical Craigmont Mine.” Frank Hogel, Chairman commented, “It is becoming increasingly clear that this is a very special project and we look forward to providing an explanation on the ongoing exploration program in a subsequent news release.” | |
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