Dominion Creek Project (Au-Ag)
(TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF)
Information
Nicola Mining Inc. maintains a 75% economic interest in the Dominion Creek Property via 50% land interest and 50% Mining and Milling Profit Share Agreement. Ore from the Dominion Creek Property will be extracted and processed at the Merritt Mill Site.
The Dominion Creek Property which is approximately 43 kilometers northeast of the Town of Wells and is strategically located in highly prospective ground with excellent potential for the discovery of major gold and associated base metal deposits.
The claims cover approximately 7.5 kilometers of the highly anomalous Isaac Lake Fault system. A British Columbia regional stream geochemical survey (RGS) originally identified the mineral potential of this area. The Company and its partner have received a bulk sample permit to extract up to 10,000 tonnes or ore, which it expects to commence in 2025.
- 75% economic interest via 50% land interest and a 50% Mining and Milling Profit Share Agreement
- Joint venture partner is High Range Exploration Ltd.
- Ore from the Dominion Creek Property will be extracted and processed at the Merritt Mill Site
- 8 contiguous mineral claims totaling ~1,040 ha in central B.C.
- ~43 km NE of the Town of Wells and ~110 km ESE of Prince George
- Covers ~7.5 km of the highly anomalous Isaac Lake Fault system
- High-grade Au-Ag system in which veins outcrop at surface
- Two mineralized areas (North & South zones) that include a small bulk sample pit and a mineralized outcrop containing multiple distinctive veins
- Noranda completed 53 holes totaling 3,484 m over a 300 m by 200 m area of the South Zone. Highlights include 6.55 m of 24.74 g/t Au and 4.70 m of 19.98 g/t Au1
- Average grade from 23 samples completed by Nicola in 2020 from the #16 Vein and Pit Vein zones was 61.3 g/t Au and 173.7 g/t Ag (up to 149.0 g/t Au and 270.0 g/t Ag)2
- 10,000-tonne bulk sample program to commenced in July 2025
- In March 2025, received a Final Permit from the B.C. Ministry of Mining and Critical Minerals to extract 10,000 tonnes of Au-Ag ore
- Full disclosure was made in the “Dominion Creek Project Technical Report” prepared for XMP Mining Ltd. by David K. Makepeace, P. Eng. of Geospectrum Engineering, dated August 22, 2003.
- Full disclosure was made in the Company’s June 15, 2021 News Release
A Technical Report[1] on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.
Qualified Person
The scientific and technical disclosures included on this page have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.