Nicola Mining and High Range Exploration Receive Draft Permit for High Grade Dominion Creek Mineral Project
Nicola Mining (OTCQB: HUSIF) has received a draft bulk sample permit for the Dominion Creek Mineral Project, allowing extraction of 10,000 tonnes of gold and silver ore. The project, located 43km northeast of Wells and 110km east-southeast of Prince George, is 75% owned by Nicola.
Recent sampling results showed impressive grades from the Number 16 Vein, with a 9.7 kg sample yielding 62.1 g/t Au, 320 g/t Ag, 23.4% Pb, and 12.4% Zn. A separate 26.4 kg historical sample from 1989-1992 returned 58.7 g/t Au, 130 g/t Ag, 7.7% Pb, 4.2% Zn.
The company has already paid the required reclamation deposit and plans to begin ore extraction in July 2025. The extracted ore will be processed at Nicola's wholly owned mill facility.
Nicola Mining (OTCQB: HUSIF) ha ricevuto un permesso per un campione bulk in bozza per il Dominion Creek Mineral Project, che consente l'estrazione di 10.000 tonnellate di minerale d'oro e d'argento. Il progetto, situato a 43 km a nord-est di Wells e a 110 km a est-sud-est di Prince George, è posseduto al 75% da Nicola.
I recenti risultati di campionamento hanno mostrato gradi impressionanti dalla Vena Numero 16, con un campione di 9,7 kg che ha restituito 62,1 g/t Au, 320 g/t Ag, 23,4% Pb e 12,4% Zn. Un campione storico separato di 26,4 kg risalente al 1989-1992 ha restituito 58,7 g/t Au, 130 g/t Ag, 7,7% Pb, 4,2% Zn.
L'azienda ha già pagato il deposito di recupero richiesto e prevede di iniziare l'estrazione del minerale a luglio 2025. Il minerale estratto sarà lavorato presso l'impianto di lavorazione di proprietà esclusiva di Nicola.
Nicola Mining (OTCQB: HUSIF) ha recibido un permiso de muestra a granel en borrador para el Dominion Creek Mineral Project, que permite la extracción de 10,000 toneladas de mineral de oro y plata. El proyecto, ubicado a 43 km al noreste de Wells y a 110 km al este-sureste de Prince George, es propiedad en un 75% de Nicola.
Los resultados recientes de muestreo mostraron grados impresionantes de la Vena Número 16, con una muestra de 9.7 kg que arrojó 62.1 g/t Au, 320 g/t Ag, 23.4% Pb y 12.4% Zn. Una muestra histórica separada de 26.4 kg de 1989-1992 devolvió 58.7 g/t Au, 130 g/t Ag, 7.7% Pb, 4.2% Zn.
La empresa ya ha pagado el depósito de recuperación requerido y planea comenzar la extracción de mineral en julio de 2025. El mineral extraído será procesado en la planta de Nicola, que es de propiedad total.
니콜라 마이닝 (OTCQB: HUSIF)는 도미니언 크리크 광물 프로젝트를 위한 대량 샘플 초안 허가를 받았으며, 이는 10,000톤의 금과 은 광석을 추출할 수 있게 해줍니다. 이 프로젝트는 웰즈에서 북동쪽으로 43km, 프린스 조지에서 동남쪽으로 110km 떨어진 곳에 위치하며, 니콜라가 75% 소유하고 있습니다.
최근 샘플링 결과는 넘버 16 vein에서 인상적인 등급을 보여주었으며, 9.7kg 샘플에서 62.1 g/t Au, 320 g/t Ag, 23.4% Pb, 12.4% Zn이 나왔습니다. 1989-1992년의 별도 26.4kg 역사적 샘플은 58.7 g/t Au, 130 g/t Ag, 7.7% Pb, 4.2% Zn을 반환했습니다.
회사는 이미 필요한 복구 보증금을 지불했으며 2025년 7월에 광석 추출을 시작할 계획입니다. 추출된 광석은 니콜라의 전액 소유 공장에서 가공될 것입니다.
Nicola Mining (OTCQB: HUSIF) a reçu un projet de permis d'échantillonnage en vrac pour le Dominion Creek Mineral Project, permettant l'extraction de 10 000 tonnes de minerai d'or et d'argent. Le projet, situé à 43 km au nord-est de Wells et à 110 km à l'est-sud-est de Prince George, est détenu à 75 % par Nicola.
Les résultats d'échantillonnage récents ont montré des grades impressionnants de la veine numéro 16, avec un échantillon de 9,7 kg donnant 62,1 g/t Au, 320 g/t Ag, 23,4 % Pb et 12,4 % Zn. Un échantillon historique séparé de 26,4 kg provenant de 1989 à 1992 a donné 58,7 g/t Au, 130 g/t Ag, 7,7 % Pb, 4,2 % Zn.
L'entreprise a déjà payé le dépôt de réhabilitation requis et prévoit de commencer l'extraction du minerai en juillet 2025. Le minerai extrait sera traité dans l'usine entièrement détenue par Nicola.
Nicola Mining (OTCQB: HUSIF) hat einen Entwurf für eine Genehmigung zur Entnahme einer Großprobe für das Dominion Creek Mineralprojekt erhalten, die die Extraktion von 10.000 Tonnen Gold- und Silbererz erlaubt. Das Projekt, das 43 km nordöstlich von Wells und 110 km ost-südöstlich von Prince George liegt, ist zu 75 % im Besitz von Nicola.
Die aktuellen Probenahmergebnisse zeigten beeindruckende Gehalte aus dem Nummer 16-Vein, wobei eine 9,7 kg Probe 62,1 g/t Au, 320 g/t Ag, 23,4 % Pb und 12,4 % Zn ergab. Eine separate historische Probe von 26,4 kg aus den Jahren 1989-1992 ergab 58,7 g/t Au, 130 g/t Ag, 7,7 % Pb, 4,2 % Zn.
Das Unternehmen hat bereits die erforderliche Rekultivierungsgebühr bezahlt und plant, im Juli 2025 mit der Erzextraktion zu beginnen. Das gewonnene Erz wird in der vollständig im Besitz von Nicola befindlichen Mühle verarbeitet.
- High-grade mineral content: 62.1 g/t Au, 320 g/t Ag from recent sampling
- Secured permit for 10,000 tonnes bulk sample extraction
- 75% economic interest in the project
- Own processing mill facility for ore treatment
- Production not starting until July 2025
- Required to pay reclamation deposit upfront
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it has received the draft bulk sample permit1 ("Draft Permit") for its Dominion Creek Mineral Project ("Dominion"), a high grade gold and silver project, of which Nicola owns a
The draft permit, issued by the British Columbia Ministry of Mining and Critical Minerals, outlines the regulatory framework to extract 10,000 tonnes of gold and silver ore at Dominion, which is located 43 kilometers northeast of the Town of Wells and approximately 110 kilometers east-southeast of Prince George.
As announced in its August 3, 2023, news release, Nicola conducted due diligence, which included a site visit and sampling. Results from a 9.7 kg sample of outcropping sulfide mineralization taken from the Number 16 Vein returned 62.1 g/t Au, 320 g/t Ag,
Nicola has already paid the required reclamation deposit3 on behalf of itself and High Range Exploration Ltd. ("High Range") for a Notice of Work and Reclamation Program while the latter has been actively prepping towards ore extraction, which is targeted to commence in July of 2025. Ore from the bulk sample will be transported to Nicola's wholly owned mill for processing.
Receipt of the Draft Permit is the culmination Nicola and High Range working closely together to complete environmental requirements, mine plan and consultation. The milestone is attributable to behind-the-scenes hard work from the two teams, both of whom remain committed to meeting the highest environmental, safety, and community standards
"The two parties have worked closely together for three years to garner this milestone," said Peter Espig, President & CEO of Nicola. "High Range President, Alan Raven, has been associated with the project for over two decades and first submitted the application in 2018. To finally be able to move forward with a mine plan is another step forward for Nicola's goal of creating shareholder value and we are fortunate to have Alan's knowledge, experience, and passion solidify the partnership."
Alan Raven, President of High Range, commented, "Nicola and its team are not only professional, but also exemplify integrity and passion. High Range is fortunate to have found such a partner and we look forward to making the project a success for all."
Qualified Person
William Whitty, P. Geo., VP of Exploration for the Company, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects has reviewed and approved the technical disclosure contained in this news release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a
The Company owns
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Bulk Sample: An exploration and development activity conducted on a mineral claim to investigate the metallurgical properties of an ore body, to test extractive milling methods, mill equipment, and potential markets.
2 It should be noted that 80 tonnes of concentrate were shipped and processed at the Cominco smelter in Trail in 1992, which is a lower grade than samples taken. The mill head grade determined for the bulk sample was 14.1 g/t Au and the average gold recovery was
3 Nicola announced on December 4, 2024, that it had paid the
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243457
FAQ
What are the gold and silver grades from Nicola Mining's (HUSIF) Dominion Creek project's recent sampling?
When will HUSIF begin ore extraction at the Dominion Creek project?
How many tonnes of ore is HUSIF permitted to extract under the new bulk sample permit?
What is Nicola Mining's (HUSIF) ownership stake in the Dominion Creek project?
