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Nicola Mining Inc.
Summary
| Project: | New Craigmont | |
|---|---|---|
| Deposit: | Embayment Zone | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Embayment Zone deposit at the New Craigmont project. Drilling results incl. 71.38m @ 0.58% Cu from 316.25m. VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not defined (n/a) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Nicola Mining Inc. (TSXV:NIM) is pleased to provide an update on its ongoing exploration program at the Company’s 100%-owned New Craigmont Project located in British Columbia’s Thompson-Nicola Region. The program is designed to expand the Embayment Zone along strike to the west and delimit its northern and southern boundaries. On January 12, 2018, the Company announced that it had successfully expanded the strike extent of the Embayment Skarn Zone to 400 metres and established the true width reaching 150 metres. The New Craigmont Property is host to the past-producing Craigmont Mine, a copper-iron skarn deposit located along the southern flank of the Guichon Creek Batholith, approximately 55 km south of the Highland Valley Copper Operation. The Embayment Zone is the western extension of the west-striking corridor of skarn-style alteration that hosts the Craigmont deposit. The Embayment fault offsets the continuous zone of skarn alteration and displaces the Embayment segment approximately 300 metres to the northwest of the Craigmont segment. Nicola’s Geology team has been able to trace mineralized skarn of the Embayment Zone for 400 metres laterally west from the Embayment Fault. The zone is still open at depth and to the west and additional drilling will be required to test the continuity and extent along strike and down dip. The Company will complete one additional hole designed to intersect central part of the currently delineated Embayment Zone before moving to drill-test waste piles and the mineralized halo around the Craigmont ore zone. | |
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