Our Latest News Releases

Stay up to date with our latest projects and announcements.

Nicola Mining Inc. Confirms Ore Body 3 Directly Adjacent To Portal 2400

TSX.V: NIM NEWS RELEASE VANCOUVER, BC, July 24, 2019 – Nicola Mining Inc. (TSXV: NIM) is pleased to provide an update on its ongoing 2019 Exploration Program (“2019 Program”) at the Company’s 100%-owned New Craigmont Project, located in British Columbia’s Thompson-Nicola Region. The Company has received assays on the first of two drill holes. These…

Nicola Mining Announces Successful Appeal To CRA

TSX.V: NIM NEWS RELEASE VANCOUVER, BC, July 11, 2019 — Nicola Mining Inc. (TSX-V: NIM) (the “Company” or “Nicola”) is pleased to provide an update on its Notice of Objection filed with the Canada Revenue Agency (“CRA”) on July 19, 2018 concerning certain Canadian Exploration Expenses (“CEE”) claimed by investors who purchased flow-through securities issued…

Nicola Mining Announces Non-Brokered Private Placement With Strategic Mining Investment Group

TSX.V: NIM NEWS RELEASE June 28, 2019, Vancouver, BC – Nicola Mining Inc. (the “Company”) is pleased to announce a non-brokered private placement anchored by an international mining investment group (the “Investors”) that has set up a Canadian subsidiary for the investment. Insiders will also participate in the private placement, which will consist of the…

Projects

New Craigmont Property

Nicola’s New Craigmont project is based on solid historical realities and exceptional exploration upside.

Nicola Mining New Craigmont Samples

Merrit Mill & Tailings Facility

The mill processed 5,700 tonnes of stock pile material received from Gavin Mines Inc. per a Milling and Profit Share Agreement during 2016.

Nicola Mining Merrit Tailings

Treasure Mountain Property

A 7,000 acre silver deposit consisting of 51 mineral tenures, comprising 21 legacy claims: 100 cell units, and five crown grants for a total of approximately 2,850 hectares.

Treasure Mountain

Sand and Gravel Property

The Merritt Mill Property is host to an active run gravel pit that has a tolling agreement in place for up to 60,000 tonnes per year with a local cement company.

Sand and Gravel aggregate operations

About our company

Nicola Mining Inc. (TSX-V.NIM) is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of its high-potential assets. The Company’s portfolio consists of high-potential assets.

New Craigmont Exploration Property – comprised of 20 contiguous mineral claims covering approximately 8,456.95 ha, and 10 contiguous mining leases covering approximately 347.35 ha in the prolific Guichon Batholith region. The claims are currently owned 100% by a wholly owned subsidiary of the Company.

Merritt Mill and Tailings Facility – approximate $23,400,000 mineral processing facility located on an $8,000,000 property, and a $1,800,000 fully lined tailings facility property located near Merritt BC.

Treasure Mountain Exploration Property – 100% owned high-grade silver/lead/zinc vein deposit, and the claim holdings consist of 51 mineral tenures comprising 21 legacy claims, 100 cell units and one Crown Grant for a total of approximately 2,850 hectares (7,000 acres).

Sand and Gravel Property – The Merritt Mill Property is host to an active run gravel pit that has a tolling agreement in place for up to 60,000 tonnes per year with a local cement company.

Nicola Mining is committed to responsible development

Responsible development means meeting the needs of the present without compromising the future. During 2018, the Company continued to expand its focus on minimizing dust from historic tailings that are located on site.

Our team

Peter Espig

President, CEO and Director

Mr. Espig was appointed interim CEO on July 7, 2013 and full time President and CEO on November 7, 2013 during CCAA proceedings culminating in the restructuring of the Company on November 21, 2014.
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Warwick Bay

CFO & Corporate Secretary

Mr. Bay has been a member of the Institute of Chartered Accountants of B.C. since 1979. Mr. Bay practiced for over 10 years with one of the big five public accounting firms and is specialized in the audit of mining companies.
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Daana Pascoe

Project Geologist

Dr. Jacob Longridge

Geologist

Dr. Jacob Longridge joined the Nicola Mining team in 1 February 2019. He has been actively engaged in mineral exploration from boots-on-the ground field work to high level district-scale target generation in Canada and South America for multiple commodities including Silver, Lead, Copper, Gold and Uranium.
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Interview with Peter Espig,
CEO of Nicola Mining

“We are the only mill permitted in British Columbia to accept gold and silver mill feed from anywhere in the province.”

Published Apr 23, 2018