Nicola Mining Conducts Soil Sampling at Treasure Mountain Silver Mine
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce that it has conducted a soil sampling program (the "2019 Program") at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. The 2019 Program focused on the MB Zone, an area north-west of Treasure Mountain Mine (figure 1) that is the Company's highest priority...
2019-10-29 9:00 AM EDT
Nicola Mining - Tax Refund Received from CRA
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") announced that it has received a tax refund of previously paid Part X11.6 taxes in the amount of $328,730 from the Canada Revenue Agency ("CRA"). This payment is associated with the successful appeal of certain tax deductions which had been disallowed by CRA, which was disclosed in a news release dated July 11, 2019. On August 27, 2019 the Company filed its Condensed...
2019-09-24 9:45 AM EDT
Nicola Mining Inc. Intersects Upper Zone Copper Mineralization
Vancouver, British Columbia--(Newsfile Corp. - 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 three drill holes was to confirm and intersect the unexploited, and incompletely delineated No. 3 Ore Body hole1 (Figure 1),...
2019-08-19 9:00 AM EDT
Nicola Mining Inc. Confirms Ore Body 3 Directly Adjacent to Portal 2400
Vancouver, British Columbia--(Newsfile Corp. - 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 holes were successful in intersecting the unexploited, and incompletely delineated No. 3 ore body[1]. The No. 3 ore zone is comprised of...
2019-07-24 3:04 PM EDT
Nicola Mining Announces Successful Appeal to CRA
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2019) - Nicola Mining Inc. (TSXV: 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 by the Company in 2012, for which tax deductions had previously been disallowed by the CRA. The Company has been advised by the...
2019-07-11 3:01 PM EDT
Nicola Mining Provides Corporate Update and Commences 2019 Exploration Program at New Craigmont Copper Project
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2019) - Nicola Mining Inc. (TSXV: NIM), (the "Company" or "Nicola") is pleased to announce that it has received all required permits and has commenced its 2019 Exploration Program (the "2019 Program"). The Company has contracted Western Exploration Diamond Drilling Ltd. to conduct the diamond drilling program ("DD Program"), which started on May 23, 2019. Overview The New Craigmont Project does not conform to a "typical" exploration...
2019-05-27 11:09 AM EDT
Nicola Mining Announces 2018 Diamond Drilling Prgram at New Craigmont Central with Grades of up to 1.35% CuEq over 76.6 Metres
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce additional drill results from its 2018 Exploration Program[1] at its wholly-owned New Craigmont Project (the "Project"), located 14 km from Merritt, British Columbia. Drill results are from the Craigmont Central ("CC")
2019-04-08 11:00 AM EDT
Nicola Mining Announces Positive Results on Copper X-Ray Sorting as a First Step to Copper Ore Upgrading
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce positive results from Outotec's Initial Inspection Study, in which select material from the terraces and highly mineralized zones at the wholly-owned New Craigmont Copper Project ("Craigmont Project") was evaluated. The test work was conducted at Tomra Sorting's Test Center in Hamburg, Germany. This study successfully demonstrated that the COM Tertiary XRT...
2019-03-29 8:30 AM EDT
Nicola Mining Announces Completion and Positive Results from Reverse Circulation Drilling on Portal-3060
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce final results on its 39-hole Reverse Circulation drill program on the 3060-Portal ("3060 RC Program" (Table 1). This program is designed to evaluate the copper equivalent grade and volume of historical material excavated from underground workings of the Craigmont Mine and piled at 3060-Portal (Figure 1). These results confirm significant grades of copper and...
2019-03-01 8:30 AM EST
Nicola Mining Announces Test Results from Magnetite Recovery Which Results in an Increase in Copper Equivalent Grades of up to 34%
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce the results of a preliminary metallurgical testing program and the significance of a copper-magnetite grade equivalent ("CuEq") at its wholly-owned New Craigmont Project (the "Project"), located 14 km from the city of Merritt, BC. Nicola contracted ALS Metallurgy's Kamloops[1] laboratory to perform magnetic separation and froth floatation...
2019-02-19 9:00 AM EST
Nicola Mining Inc. Welcomes Dr. Jacob Longridge To Its Geological Team
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2019) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce that Dr. Jacob Longridge (Ph.D. Economic Geology) has joined the Company's geological team. Dr. Longridge obtained his PhD from Imperial College, in which he specialized in the field of hydrothermal alteration associated with economic porphyry deposits. His knowledge and expertise of hydrothermal alteration systems and the relationship with...
2019-01-30 8:30 AM EST
Nicola Mining Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - December 28, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce that it has granted an aggregate of 3,325,000 stock options to certain directors, officer, employees and consultants for the purchase of up to 3,325,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of 5 years at a price of $0.10 per common share. On behalf of the Board of Directors "Peter Espig"...
2018-12-28 1:00 PM EST
Nicola Mining Closes Flow-through Financing
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce that, further to its News Release of December 19, 2018, that it has closed its flow-through private placement financing. The Company announced that it had increased the number of units from 6,000,000 units (each, a "Unit") of the Company at $0.125 per Unit for gross proceeds of up to $750,000 to 10,040,000 Units for gross proceeds of $1,255,000 (the...
2018-12-24 10:00 AM EST
Nicola Mining Announces Positive Field Sampling and IP Survey Results
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2018) - Nicola Mining Inc. (TSXV: NIM), (the "Company" or "Nicola") is pleased to announce positive field reconnaissance and grab sampling results ("Sampling Program") along with the completion and interpretation of an induced polarization survey ("IP survey"). The IP Survey and Sampling Program are part of the Company's 2018 Exploration Program at its wholly-owned New Craigmont project, as explained in its May 1, 2018 news release....
2018-12-13 8:30 AM EST
Nicola Mining Announces Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce a non-brokered private placement consisting of the issuance of up to 6,000,000 units (each, a "Unit") at a price of $0.125 per Unit for gross proceeds of up to $750,000 (the "Offering"). Insiders may participate in the Offering. Each Unit will consist of one common share of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada)...
2018-12-05 4:30 PM EST
Nicola Mining Repays Senior Secured Debt to Waterton and Closes Tranche One of Financing
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce that it has repaid its entire senior secured debt obligation and interest to Waterton Global Value, LP ("Waterton"). The Company paid Waterton $663,062 in principal and interest on the senior secured debt obligation, which was the final payment obligation to Waterton. Waterton has also liquidated its equity position in Nicola. On November 24,...
2018-11-27 8:45 AM EST
Nicola Mining Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company") is pleased to announce a non-brokered private placement consisting of the issuance of up to 9,000,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $900,000 (the "Offering"). Insiders are participating in the Offering. Each Unit will consist of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant...
2018-11-21 6:53 PM EST
Nicola Mining Announces Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company") today announces that it intends to pay all of the interest owing on the secured convertible debentures (the "Debentures") issued on November 21, 2014 by the issuance of common shares (each, a "Share") of the Company. The Debentures mature on November 21, 2019 and bear interest ("Interest") at a rate of 10% per annum, which Interest is payable under the terms of the Debentures...
2018-11-14 7:44 PM EST
Nicola Mining Commences Phase 2 RC Drill Program to Review Copper and Magnetite Grades in Historic Waste Piles
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2018) - Nicola Mining Inc. (TSXV: NIM), (the “Company” or “Nicola”) is pleased to announce that it has commenced an extensive Reverse Circulation (“RC”) drilling program on the historic Craigmont Copper Mine waste piles (“Waste Piles”) and the 3060 Ore Portal. The approximate 80-90 million tonnes of Waste Piles and 3060 Portal surround the historic Craigmont pit, which is located 3km southeast of Merritt, BC. The Waste Piles are part...
2018-10-30 8:30 AM EDT
Nicola Mining Prepares to Recommence Milling Operations
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2018) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola") is pleased to announce that it is preparing to recommence milling operations under its long-term Mining and Milling Profit Share Agreement ("LT Agreement") with Gavin Mines Inc. ("Gavin Mines"). The Company had hoped to recommence operations in August but there were delays with mine production. Pursuant to the LT Agreement Gavin Mines plans to ship up to 40,000 tonnes...
2018-10-19 8:30 AM EDT