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Nicola Mining Announces Results of Phase One Soil Samples from Treasure Mountain and Completion of Its Phase Two Program
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Nicola Mining Inc. ( TSXV...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces Results of Phase One Soil Samples from Treasure Mountain and Completion of Its Phase Two Program Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the \"Company\" or \"Nicola\") is pleased to announce that it has received assay results from 304 soil samples collected during Phase One of the 2020 Soil Sampling Program1 (the \"2020 Program\") at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Merritt Mill. In addition to receiving results of Phase One sampling, the Company has also completed Phase Two of 2020 Program, which is comprised of an additional 168 soil samples, extending the soil grid east (Map 1).Phase One Soil Sample highlights include the following:Fifty soil samples were anomalous in silver ranging from 1000-20 080 ppb, two of which had an excess of 10,000 ppb Ag (12 140 and 20 080 ppb). Eighty-three samples were anomalous in zinc with a maximum value of 1005 ppm.Thirty-two samples were anomalous in lead with a maximum value of 710 ppm. (Note: Anomalous levels are defined as soil sample assays with greater than, or equal to, 1000 ppb Ag, 150 ppm Zn and 100 ppm Pb).Map 1: Results from 2019 and Phase One 2020 soil sample silver assay. To view an enhanced version of Map 1, please visit:https://orders.newsfilecorp.com/files/4873/65172_d7eaf994440c1965_001full.jpgThe results from the soils collected to date are encouraging as they show anomalous silver in the soils along the potential 1.2km Northeast-Southwest mineralized trend. These anomalous values are proximal to mineralized vein outcrop which were tested with a portable drill during Phase One (assay results pending) (Map 2). Additionally, silver, lead and zinc soil anomaly extends an additional 700m along a more west-east trend within the Paysayten Group, where no mineralized outcrop has been identified (Map 2). Map 2: Interpreted 2019 and 2020 Phase One soils with anomalous silver (red), lead (blue) and zinc (green).To view an enhanced version of Map 2, please visit:https://orders.newsfilecorp.com/files/4873/65172_d7eaf994440c1965_002full.jpgTechnical information Nicola Mining applies a thorough quality assurance/quality control (QA/QC) program at the Project, which is compliant with industry best practices...