Nicola Mining Provides Corporate Upadate And Commences 2019 Exploration Program At New Craigmont Copper Project

TSX.V: NIM NEWS RELEASE May 27, 2019, Vancouver, BC – Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to announce that it has received all required permits and has commenced its 2019 Exploration Program (the “2019 Program”).  The Company has contracted Western Exploration Diamond Drilling Ltd. to conduct the diamond drilling program (“DD Program”), which started on May 23, 2019.   Overview The New Craigmont Project does not conform to a “typical” exploration pipeline.   The Project is a permitted historic mine site with active permits under M-68.  In addition, extensive work done on the mine (c.1958-c.1982) was focused primarily on ore definition, development and extraction of the mineral inventory, known at the time. This work resulted in a cumulative production of 36.75 million tons of ore grading 1.28% Cu[1].  However, the project had limited exploration beyond its historic operations. The exploration strategy at New Craigmont Project can be summarised in Figure 1. The primary objective is to prove the historic un-exploited mineral inventory through target definition drilling on in-situ ore bodies and underground surveying to delineate volume of material remaining in sub-level caves in Craigmont Central area.  In tandem, a NI-43-101 Mineral Resource is in the process of being defined on the historic Mining Terraces. Figure 1: Exploration Targets / Pipeline at New Craigmont Project Diamond Drilling Targets: The first holes (“Hole 1&2”) aim to intersect the unexploited, and incompletely delineated Number 3 ore body (Figure 2).  The Number 3 ore body is characterized by silicified sediments with fine-grained chalcopyrite and little to no associated iron (Fe), thus differentiating it from the extracted ore bodies number...