Nicola Mining Announces Results Of Reverse Circulation Drilling On 3060-Craigmont Portal Wastepiles

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. September 26, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce the results of a Reverse Circulation drill program (“RC Program”). The program was designed to evaluate the copper grade and volume of historical material excavated from underground workings of the Craigmont Mine, located near Merritt, British Columbia. The material is located adjacent to the 3060-Portal (figure 1). Results of the RC Program confirm significant copper mineralization in the material sampled by drilling. A RC drill rig operated by Boart Longyear Ltd. was mobilized to site on July 24 and drilling continued until August 1, 2017. The program was temporarily suspended due to poor air quality resulting from forest fire smoke, which affected the BC Interior this year. The material tested accounted for approximately 65% of the area occupied by the excavated material. Assay results from the drill program are summarized in Table 1. Highlights of the results are: An average grade of 2391 ppm Cu (0.24% Cu) for the first 9 metres of the 29 drill holes. An average grade of 10,322 ppm Cu (1.03% Cu) in Hole P-34 and an average grade of 8632 ppm Cu (0.86% Cu) in Hole P-72. Table 1. Composite of RC Drill Hole Results Hole From To Length Cu_ppm Cu_%   Hole From To length Cu_ppm Cu_% P-22 3 8 5 2713.2 0.271 P-25 1 4 3 1830.0 0.183 P-17 4 8 4 2279.5 0.228 P-25 and 6 9 3 3306.7 0.331 P-24 6 9 3 2003.3 0.200 P-27 0 7 7 3625.7 0.363 P-26 0 7 7 2275.7 0.228 P-31 0 6 6...

Nicola Mining Inc. Enters Into Thirty-Year Ash Disposal Contract

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. September 18, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has entered into thirty-year ash management contract (the “Agreement”) with Merritt Operations Services Limited Partnership (“MOSLP”). MOSLP is a partnership backed by a global leader in optimized resource management, focused on supplying the Thompson Nicola Region clean electrical power by operating a sustainable 40-megawatt, biomass-fired power plant energy power plant, located in the city of Merritt, British Columbia.   Nicola Mining Inc. is a junior mining focused on exploration of its wholly-owned New Craigmont copper project and operating its Merritt Mill, which is capable of processing both gold and silver mill feed.   The Company also prides itself on being an environmental conscious miner that values shareholder value, as well as the environment. Under the 30 year Agreement the Company will accept up to 7500 dry tons of ash generated from burning renewable wood, which includes scrap wood from regional lumber mills, for a fee that includes price escalation clauses. The Company will also receive an additional fee for any additional tonnage. The Company plans to place the ash, which will be blended with sand and plant seeds, onto the sandy tailings area to allow growth of vegetation native to the region. The seeding and irrigation from onsite ground wells is expected to facilitate plant growth and mitigate dust. Peter Espig, Chief Executive Officer of the Company, commented, “We are very excited to enter into an agreement with MOSLP, a partnership involving a global leader in renewable energy solutions. We are also excited to enter into a long-term contract that...

Nicola Mining Announces Proposed Amendments To Secured Convertible Debentures

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. August 29, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) announces that it intends to amend (the “Amendment”) the secured convertible debentures (each, a “Debenture”) in the aggregate principal amount of $7,000,882 issued to certain subscribers as previously announced in its News Releases of November 24, 2014, August 25, 2014 and August 8, 2014. In connection with the issuance of the Debentures, the Company also issued 7,000,882 non-transferable common share purchase warrants (each, a “Warrant”), with each Warrant exercisable into one common share of the Company (each, a “Share”) at an exercise price of $0.275 until November 21, 2015 and at $0.50 per Share until November 21, 2018. The Debentures mature on November 21, 2017 (the “Maturity Date”) and bear interest (the “Interest”) at a rate of 10% per annum, which Interest is payable as to 50% in cash and 50% by the issuance of Shares at a price per Share equal to the market price of the at the time of issuance. The Debentures are also convertible into Shares a conversion price (the “Conversion Price”) of $0.275 per Share at any time, and from time to time, until the Maturity Date. The following amendments will be made to the Debentures: the Conversion Price will be reduced to $0.22 from $0.275; the Maturity Date will be extended from November 21, 2017 to November 21, 2019; and all of the 7,000,882 Warrants (representing 3.0% on a fully diluted basis) that were issued in connection with the Debentures will be cancelled. All other terms of the Debentures shall remain the same. The Amendment is subject...

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...

Nicola Mining Enters Into Long-Term Mining And Milling Profit Share Agreement And Receives Final Payment For 289.381 Dry Metric Tonnes Concentrate

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. April 6, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has entered into a long-term Mining and Milling Profit Share Agreement (“LT Agreement”) with Gavin Mines Inc. (“Gavin Mines”). On May 31, 2016, the Company announced that it had entered into a Milling and Profit Share Agreement with Gavin Mines. The Company subsequently announced that it had commenced milling operations on June 16, 2016. Under the original Milling and Profit Share Agreement Gavin Mines shipped approximately 5,700 tonnes of stockpile material that the Company processed and produced approximately 47,193 grams Au (1,517.3 troy ounces) and 249,628 grams Ag (8,025.7 troy ounces). Gross proceeds for the stockpile material was approximately USD $1,706,711. Whereas the original agreement focused on processing a stockpile, the four-year LT Agreement will focus on material mined from the Gavin Mine’s Dome Mountain (the “Mine Site”), which is located near Smithers, British Columbia. The LT Agreement replaces and supersedes the original 2016 agreement. Pursuant to the LT Agreement, Gavin Mines has agreed to ship up to 40,000 tonnes of mill feed per year to the Company’s 200 tonne per day mill facility (the “Mill”), located 14 kilometers from Merritt, British Columbia. On April 2016, the Company announced that it had received an amendment to its mine permit, M-68, allowing it to process third party material. Because the Mill is centrally located in British Columbia, maintains a fully-lined tailings facility and is constructed on a wholly-owned freehold mine site, it can serve as a project facilitator / consolidator for BC-based small-to-mid sized mine projects. In...