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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...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces 2018 Diamond Drilling Prgram at New Craigmont Central with Grades of up to 1.35% CuEq over 76.6 MetresVancouver, 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\") Zone (Table 1) and were designed to explore the boundaries of the historic open pit. The economic contribution from magnetite[2] is taken into consideration in this release and reported as a copper equivalent (\"CuEq\").Historically, the average recovered grade of the ore was 1.28% copper[3]. The historic drilling primarily focused on specific lithological units, which have an East-West trend (Figure 1). This led to very little exploration drilling to the north and south of this corridor of high-grade mineralization. Through the review of the historic drill hole database and available historic drill core, it was identified that known copper mineralization was not sampled as it was possibly considered marginal to the high-grade bodies. These low to moderate-grade mineralized zones, peripheral to the mine workings, are key targets within the Craigmont Central area. A total of 8 diamond drill holes totaling 2755 meters were drilled to test low to moderate grades peripheral to the mine open pit in 2018 (Figure 1).The 2018 CC drilling focused primarily to the north of the open-pit and drilled across stratigraphy from north toward the open pit, testing a previously unexplored corridor between the mine and the contact with the Guichon batholith. Of the eight drill holes, three intersected significant mineralization:Hole CC-18-02 intercepted 76.6m at 1.35% CuEq- Including 33.65m at 2.45% CuEq Hole CC-18-03 intercepted 89.0m at 0.38% CuEq Hole CC-18-04 intercepted 6.0m at 0.7% and 63.4m at 0.49% CuEqTable 1 displays the 8 holes along with their respective copper and copper equivalent grades. Mineralization was encountered as shallow as 50m depth, with higher-grade intercepts appearing to be extensions of the Craigmont Skarn. A significant observation is that mineralization was identified within the hornfelsed wacke units, formerly not considered to...