Nicola Mining Announces Positive Induced Polarization Survey Results

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. July 24, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce results of an Induced Polarization (IP) geophysical survey over Promontory Hill, an area of high interest on the Company’s wholly-owned New Craigmont Project.  The New Craigmont Project, which the Company had previously referred to as Thule Copper is the site of the historic Craigmont Copper Mine, located near Merritt, BC and adjacent to Tech Resources Limited’s Highland Valley Copper. In November of 2016 a review of historical geophysics on the Promontory Hill, was initiated by Nicola Mining Inc. and conducted by Dr. Jules Lajoie. Ph.D. Geophysics. The review resulted in a request for digital data, which was subsequently provided by Frontier Geosciences Inc. (Frontier) on its 2005 3-Dimensional (3D) IP survey it had conducted over Promontory Hill in 2005 (Figure 1). Given Promontory Hill’s potential of mineralization and the significant variance in conductivity and chargeability between host and intrusive rocks the variance utilized in the original 2005 3D model was expanded (Figure 2). Figure 1: Original 2005 Figure 2: Expanded Variance The impact of Frontier expanding the variance on its original survey provided significant and exciting clarity on the section and prompted the Company to engage Scott Geophysics Ltd. to conduct a 2-Dimensional (2D) IP survey. The goal of the survey was to confirm results of the updated 3D model and to further expand the geophysical coverage over the Promontory Hill target. Three lines, for a total survey length of eleven kilometers were analyzed; two lines were East-West and one North-South (Figure 3). Figure 3: Location of 2005 Frontier Geosciences...