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Nicola Mining Announces Results of Select Grab Samples That Contain up to 1.3kg /Tonne Silver and 2.59 G/Tonne Gold
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - Nicola Mining Inc. ( TSXV:...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces Results of Select Grab Samples That Contain up to 1.3kg /Tonne Silver and 2.59 G/Tonne GoldVancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the \"Company\" or \"Nicola\") is pleased to announce that it has received assay results from seven grab samples collected 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. Seven grab samples were collected from five locations (see Table 1 and Map 1):Treasure Mountain Open Pit: Historic pit area located on the crest of Treasure Mountain, near the JK Vein that was mined in 2011 (1 sample);JK Vein: Vein with previous high-grade results located approximately 1.0 km east of the of the current mine development that continues to remain a high-priority focus of the Company (1 sample);Scree2 Sample: In absence of a suitable soil sample, the Company gathered a representative rock sample for testing (1 sample);Historic Trench: A historic trench located near the Scree Sample was observed and tested (1 sample);Exposed Vein3: In its August 24, 2020 news release the Company described that it had identified a potential 1.2 km mineralized corridor that it had never previously explored (3 samples).Highlights include the following:Sample 2100207 taken from the Exposed Vein contained the following grades:1300 g/t Ag (45.86 ounces per tonne Ag)2.59 g / Au1.16% Cu, 27.4% Pb and 27.2% ZnSample 2100205 taken from the JK Vein contained the following grades:1040 g/t Ag (36.7 ounces per tonne Ag)6.93% Pb and 1.37% Zn All seven samples were sent to ActLab laboratory for assay located in Kamloops, BC. Table 1: Assay results from grab samples. Sample IDLocationAg (g/t)Au (ppb)Cu (%)Pb (%)Zn (%)2100204Treasure Mountain Open Pit98 †1310.01640.04840.4662100205JK Vein1040 †640.07396.93 *1.37 *2100206Historic trench5.5120.00830.1290.1992100208Scree sample0.8110.00450.00750.00872100207Exposed vein1300 †25901.16 *27.4 *27.2 *2100209Exposed vein131 †180.04993.81 *15.1 *2100210Exposed vein27.660.00950.9661.77 * † analyzed by FA-GRA, * analyzed by ICP-OESNote: Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the propert...