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Nicola Mining Announces Soil Geochemistry Results from the WP Area at the New Craigmont Property
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Nicola Mining Inc. ( TSX...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces Soil Geochemistry Results from the WP Area at the New Craigmont PropertyVancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the \"Company\" or \"Nicola Mining\") is pleased to announce soil geochemistry results collected from the WP area at the New Craigmont Property.The WP Zone (See Map 1) (MINFILE 092ISE068) consists of sheared, brecciated, and mineralized Nicola Group volcanic rocks with associated chalcopyrite, pyrite, and specularite. Previous chip channel sampling (2016) by Nicola Mining returned values of 0.37% Cu over 10 metres and 0.71% Cu over 4.0 metres in historic trenches and shafts, with values up to 0.54% and 1.68% Cu respectively (https://nicolamining.com/nicola-mining-provides-update-on-thule-project-exploration-activities/). The soil survey was partially completed with an area defined through the Multi-Year Area Based (MYAB) Permit (Diagram 1).Soil Geochemistry Highlights:The WP Zone, which has never had diamond drilling exploration, has returned the highest concentration of Cu in soils collected thus far at the Craigmont Property. Highlights include:Highest individual soil assays: 930 ppm Cu, 0.7 ppm Ag, 288 ppm Zn, and 20.4 ppm Pb.14% of soil samples collected at the WP area returned anomalous (>90th percentile, Cu > 63 ppm) to very anomalous (>97th percentile), copper-in-soil assay results.Anomalous values (>50 ppm Cu) correspond with historic trenches and shafts.Cu mineralization is open in all directions (north/south/east/west).Anomalous Cu values are on trend with samples collected from the 2000 soil survey.Fall 2022 Soil Geochemistry ProgramIn October 2022, 241 B-horizon soil samples were collected and analyzed within the WP area at New Craigmont. Samples were collected at 50-metre sample intervals along 11 east-west soil lines spaced 100 metres apart. The defined, soil anomalies coincide with 2022 ZTEM survey1 and 2012 airborne magnetic survey anomalies2.New Craigmont PropertyNew Craigmont is the site of the historic Craigmont Copper Mine, which produced approximately 34 million tonnes of copper at 1.3%, one of the highest-grade major copper mines in North America's history. Despite the significant historic production, the 10,913-hectare site remains highly unexplored due to the origin...