Welcome to our dedicated page for Nicola Mining news (Ticker: HUSIF), a resource for investors and traders seeking the latest updates and insights on Nicola Mining stock.
Nicolas Mining Inc. (OTCQB: HUSIF) generates frequent news as a junior mining company advancing multiple assets in British Columbia. Company releases highlight developments at its fully permitted Merritt mill and tailings facility, where Nicola processes gold and silver mill feed under Mining and Milling Profit Share Agreements with high-grade gold projects.
News coverage often focuses on precious metal production and partnerships, including shipments of high-grade gold and silver ore from partner mines such as Blue Lagoon Resources’ Dome Mountain Gold Mine and Talisker Resources’ Mustang Mine. Updates describe long-term milling partnerships, profit-sharing structures, and the ramp-up of multi-source mill feed that supports Nicola’s role as a regional processing hub.
Investors following HUSIF can also expect regular updates on project advancement across Nicola’s portfolio. The company reports exploration and permitting milestones at the New Craigmont copper project, the Treasure Mountain fully permitted silver mine, and the Dominion Creek high-grade gold and silver project, including bulk sample permits, mine development progress, new vein discoveries, and assay results from chip and panel sampling.
Nicola’s news flow additionally covers aggregate and quarry operations, such as expansion of its gravel pit, completion of a cement ready-mix plant with Lower Nicola Site Services, and permits related to rock quarrying and infrastructure work. Capital markets and corporate updates, including strategic investments, base shelf prospectus filings, analyst coverage, and plans for a potential Nasdaq uplisting, also appear in company announcements.
For readers tracking HUSIF, this news page centralizes these operational, exploration, partnership, and financing developments, offering a single stream of company-issued updates and related coverage.
Nicola Mining (TSXV: NIM) has completed its 2024 drilling exploration program at the New Craigmont Copper Project, totaling 4,872m across 14 holes. The program covered three phases: the West Craigmont-WP target (~1,829.70m), the unexplored MARB-CAS Zones, and a step-out towards the Embayment Zone.
The company has made a $137,700 deposit for a Notice of Work and Reclamation Program at the Dominion Creek Gold/Silver Project, where it owns a 75% economic interest and plans a bulk sample in 2025.
Additionally, Nicola has completed a flow-through private placement offering, selling 1,641,790 shares at $0.335 per share for gross proceeds of $550,000. The proceeds will be used to follow up on the 2024 Program.
Nicola Mining has shipped approximately 55 dry tonnes (64 wet tonnes) of concentrate produced jointly with Talisker Resources, containing an estimated grade of 97.75 grams gold per tonne. The concentrate grades have improved during the milling process due to enhanced gold capture through gravity and tabling processes. The processing occurs at Nicola's Merritt Mill, a $30.0 million facility that is uniquely positioned as the only facility in British Columbia permitted to accept third-party gold and silver mill feed province-wide. The Company has secured an offtake agreement with Ocean Partners UK for concentrate sales. Additionally, Nicola is currently conducting drilling operations at the Embayment Zone, following drilling at West Craigmont-WP and MARB-CAS targets.
Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) provides updates on its operations and exploration activities:
1. Merritt Mill: Producing gold concentrate from Talisker Resources' mill feed, with initial sale expected in September. It's the only facility in BC permitted to accept third-party gold and silver mill feed province-wide.
2. New Craigmont Copper Project: 2024 exploration program underway with 1,500m of 5,000m planned drilling completed. Initial results show encouraging alteration and mineralization, aligning with expectations for a porphyry system's periphery.
3. Treasure Mountain Mine: Received a important 10-year mining lease extension until April 26, 2032. The mine has a history of silver, lead, and zinc production, with potential for reopening.
CEO Peter Espig expressed excitement about current operations and ongoing exploration, highlighting the synergy between Merritt Mill and Treasure Mountain.
Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) has begun processing gold mill feed from Talisker Resources at its Merritt Mill, the only facility in British Columbia permitted to accept third-party gold and silver mill feed province-wide. The company has completed mill upgrades, including a water recirculation system and process automation, enhancing efficiency and safety.
Nicola has also started its 2024 diamond drilling program, targeting copper porphyry and skarn mineralization at the WP Zone. To boost investor awareness, the company has engaged Red Cloud Financial Services for media and marketing services. CEO Peter Espig noted a significant increase in operational activities and interest in milling agreements, indicating heightened mining activity in the province.
Nicola Mining has completed a 3D induced polarization (IP) survey at its New Craigmont Copper Project near Merritt, BC. The survey, conducted by Dias Geophysical, covered approximately 6.5 square kilometers and focused on the MARB-CAS and West Craigmont Zones. Key findings include significant resistivity and chargeability anomalies that indicate potential copper-rich areas. Based on these results, Nicola has commenced its 2024 diamond drilling program, targeting 5,000 meters of core drilling. Initial drilling will focus on the West Craigmont Zone, with possible expansion to the MARB/CAS areas later in the summer.
Nicola Mining and High Range Exploration have initiated work at the Dominion Creek Gold/Silver Project. Nicola Mining has provided $50,000 in funding to High Range Exploration for road construction, which will support bulk sample exploration after a permit is obtained. Nicola holds a 75% economic interest in Dominion. High Range received support from First Nations and submitted a revised 10,000-tonne bulk sample application to the Ministry of Energy, Mines and Low Carbon Innovation. Past sampling at Dominion revealed high-grade gold and silver results but progress was delayed due to COVID-19 and permit adjustments. Work began in early June 2024.
Nicola Mining has begun a 3D induced polarization (IP) survey at its New Craigmont Copper Project, located near Merritt, BC. Dias Geophysical is conducting this survey to refine two key exploration zones: MARB-CAS and WP-MARB 72. The survey spans approximately 6.5 square kilometers and aims to enhance the 2024 diamond drilling program. Historical IP surveys have shown strong correlations between chargeability anomalies and copper mineralization. This survey is expected to identify potential extensions and new drilling targets, particularly in areas with previously detected anomalies. Nicola Mining uses advanced 3D array technology to survey depths up to 700 meters, promising to improve the delineation of mineralized zones.
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