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Nicola Mining Announces Results of Portable Drilling from Treasure Mountain Including an Intercept of 589 g/t Silver at Surface
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - Nicola Mining Inc. ( TSXV...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces Results of Portable Drilling from Treasure Mountain Including an Intercept of 589 g/t Silver at SurfaceVancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (the \"Company\" or \"Nicola\"), is pleased to announce that it has received assay results from all 14 portable drill holes. These drill holes tested the recently identified 1.2 km mineralized trend during Phase One of the 2020 Program1 at its wholly owned Treasure Mountain Property, a fully-permitted high grade silver mine located approximately 90 minutes to its Craigmont Mill. The drilling was done at five locations (Map 1) along the approximately 1.2 km mineralized trend. These results are the first known drill results along this structure. These demonstrate this vein system contains silver, trace gold and copper. Several historic mine adits were identified proximal to some of the outcrop vein exposures, but the extent and age of these workings is unknown. Despite the narrow vein widths intersected in this drilling, the apparent strike length is significant. Map 1: Treasure Mountain Property drill locations. To view an enhanced version of Map 1, please visit:https://orders.newsfilecorp.com/files/4873/67753_97dcaa85d4f4fbe7_001full.jpgTable 1: Treasure Mountain portable drill locations.To view an enhanced version of Table 1, please visit:https://orders.newsfilecorp.com/files/4873/67753_97dcaa85d4f4fbe7_002full.jpg (Note: widths are approximate as this was conducted using a portable drill).The results from the drilling are interpreted to be the source of the soil anomaly defining a potential 1.2km mineralized trend, identified in the 2019 and 2020 Phase One Soil Programs. Additionally, the soil anomaly extends 700m along a more west-east trend within the Paysayten Group, where no mineralized outcrop has been identified. The Company is awaiting assay results from the Phase Two program which comprised of an additional 168 soil samples, extending the soil grid east.Peter Espig, Chief Executive Officer, commented, \"We are very encouraged by the drill results along an approximate 2.0 km mineralized trend, especially when considering the results are all within 220cm from surface. It appears that trenching or exploration drilling at slightly deeper depths is warranted.\"Technical information Nicola Min...