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 site is owned free hold (approximately 900 acres) with a 200-300 tpd mill that is scalable to increase throughput. Nicola Mining Inc. has signed milling agreements with four high-grade mining properties. The mill is customized to produce free gold, gold concentrate, silver concentrate and copper concentrate. The company continues to look for mill feed sources.
The Thule Property will be the focus of exploration for the 2016 field season. The Company is currently in the planning stages for a geochemical sampling, mapping, and diamond drilling. Exploration will be focused on known historical mineralization around the Craigmont mineralized bodies and parallel to the Lornex fault near the MARB 72 and WP mineral occurrences.
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.