Our Latest News Releases

Stay up to date with our latest projects and announcements.

Nicola Mining Announces Closing Of The Second Tranche Of Unit Financing

TSX.V: NIMNEWS RELEASE VANCOUVER, BC, September 4, 2019 – Nicola Mining Inc. (the “Company”) announces that, further to its News Release of June 28, 2019 and August 19, 2019, it has completed a second tranche of its private placement financing (the “Financing”) pursuant to which it sold an aggregate of 750,000 units (each, a “Unit”),…

Nicola Mining Announces Closing Of The First Tranche Of Unit Financing

TSX.V: NIMNEWS RELEASE VANCOUVER, BC, August 19, 2019 – Nicola Mining Inc. (the “Company”) announces that, further to its News Release of June 28, 2019, it has completed the first tranche of its private placement financing (the “Financing”) pursuant to which it sold an aggregate of 4,500,000 units (each, a “Unit”), at a price of…

Nicola Mining Inc. Intersects Upper Zone Copper Mineralization

­TSX.V: NIM NEWS RELEASE VANCOUVER, BC, August 19, 2019 – Nicola Mining Inc. (TSXV: NIM) is pleased to provide assay results from its third drill hole, CC-19-73, (Figure 1) from its ongoing 2019 Exploration Program (“2019 Program”) at the Company’s wholly-owned New Craigmont Project, located in British Columbia’s Thompson-Nicola Region. The purpose of the first…

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

Senior Exploration 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