Nicola Mining Inc. is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of high-potential assets.
The Merritt Mill is owned free hold (approximately 900 acres) with a 200 tonne per day mill fully-permitted for custom milling ore. Its 100% owned state-of-the-art mill and fully lined tailings facility, located near Merritt, British Columbia, is capable of processing both gold and silver mill feed via gravity and floatation processes.
The 100% owned Thule Copper Property is located 14km northwest of Merritt, British Columbia and covers 10,084 hectares along the southern end of the Guichon Batholith. The Company recently completed a diamond drilling program designed to test 3 distinct zones on the Thule Copper Property, referred to as the Embayment, Titan Queen, and Eric. Total diamond drilling meterage for the 2016 program at the property was 1,084 meters in 5 holes. Copper mineralization was intersected in all 5 holes, highlighted by an intersection of 1.11% copper over 85.92 meters in THU-002, through the Embayment Zone located approximately 1 km northwest of the past-producing Craigmont Mine. A follow-up drill program will be designed to determine continuity of mineralization further west along strike and at depth from THU-002.
Embayment Zone & Craigmont Mine
2012 first vertical derivative airborne magnetics draped over the 2016 orthophoto collected during the LIDAR survey.
Historic & 2016 drill collars and traces shown with mineralized skarn bodies outlined.
Titan Queen Zone
2012 first vertical derivative airborne magnetics draped over the 2016 orthophoto collected during the LIDAR survey.
Historic & 2016 drill collars and traces shown with outline of magnetic high defining Titan Queen Zone.
Eric Zone
2012 first vertical derivative airborne magnetics draped over the 2016 orthophoto collected during the LIDAR survey.
Historic & 2016 drill collars and traces shown with mineralized skarn bodies outlined.
Treasure Mountain is currently under Care & Maintenance. While no future work is planned for 2016, the Company is ambitious to test additional exploration targets outside of the mine area in 2017, with the MB zone being a top priority.