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Nicola Mining Inc.
Summary
| Project: | Thule | |
|---|---|---|
| Deposit: | Eric, Embayment, Titan Queen Zones | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 9/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-9-2016: Nicola Mining Inc. announces an Exploration/Drilling Update report for its Eric, Embayment, Titan Queen Zones deposit at the Thule project. Drilling results incl. 85.92m @ 1.11% Cu from 331.08m. VANCOUVER, B.C., September 7, 2016 – Nicola Mining | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian May (Internal) | |
| ABSTRACT: | VANCOUVER, B.C., September 7, 2016 – Nicola Mining Inc. (TSXV: NIM) (the “Company” or “Nicola”) is pleased to report that significant copper mineralization has been intersected on the Thule Copper Property located 14 km northwest of Merritt, British Columbia. The Thule Copper Property covers 10,084 hectares along the southern end of the Guichon Batholith and is 100% owned by Nicola. The diamond drilling program was designed to test 3 distinct zones on the Thule Copper Property, referred to as Embayment, Titan Queen, and Eric. Total diamond drilling meterage for the 2016 program at the property was 1,084 metres in 5 holes. Copper mineralization was intersected in all 5 holes, highlighted by an intersection of 1.11% copper over 85.92 metres in THU-002, through the Embayment Zone, located approximately 1 km northwest of the past-producing Craigmont Mine. Results from the drilling program support the Embayment Zone as a fault-offset, westward continuation of the skarn zone that hosts the Craigmont deposit. A follow-up drill program will be designed to determine continuity of mineralization further west along strike and at depth from THU-002. In addition, drilling at Titan Queen Zone encountered alteration and mineralization features commonly observed in association with porphyry-style copper deposits, including the Highland Valley porphyry complex located 50 km north of Thule Property. Follow-up work will be planned to outline drill targets over a broader area and further test porphyry-style mineralization potential. | |
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