Business
Nicola Mining Commences Milling Operations
(via Thenewswire.ca) VANCOUVER, B.C . / TheNewswire / June 16, 2016 - Nicola Minin...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Commences Milling Operations(via Thenewswire.ca)\n \n \nVANCOUVER, B.C. / TheNewswire / June 16, 2016 - Nicola Mining Inc. (the \"Company\") is pleased to announce that it has commenced milling operations at its 200 tonne per day mill facility (the \"Mill\"), located 14 kilometers from Merritt, British Columbia. The Company has completed successful test runs to confirm gold recovery rates and has commenced processing of material received from Gavin Mines Inc. (\"Gavin Mines\"). Terms of the Milling and Profit Share Agreement (the \"GMI Agreement\") were announced in the Company's news release of May 31, 2016. Under the GMI Agreement the Company will produce both gravity and flotation concentrates that will be sold to third parties for production of gold dore bars. The Company plans to mill the initial amount of approximately 5,000 tonnes and will consider the option of processing an additional 1,000 tonnes of material located in a separate stockpile.\n\n\n \nThe Company collected 62 representative samples, approximately 2 kg each, from 31 truckloads of material for grade control prior to processing. All samples returned significant gold grades ranging from 0.575 g/t gold to 33.6 g/t gold, with an average grade of 9.53 g/t gold. 31 of the samples collected returned values over 8 g/t gold. \n\n\n \nPeter Espig, Chief Executive Officer of the Company, commented, \"We are very excited to have the Mill running and commencing gold processing. The startup has had a few delays and required adjustments; however, we continue to move towards becoming BC's newest high-grade gold and processor.\"\n\n\n \nThe Company also announces that it has issued 200,000 options to a key member of the technical team.\n\n\n \nQuality Control\n\n\n \nThe sampling of Gavin Mines mill feed was supervised by Brian May, P.Geo., a Consulting Geologist with the Company, who is responsible for the sampling procedures prior to processing at the Mill. On-site personnel at the project collected 2kg representative samples from each truckload arriving at the Mill. Samples were labeled by the Mill staff according to the truckload number. Samples were then analyzed by the geological team to determine rock type and whether the material was oxide or sulphide. The material was then given defined sample numbers, security sealed and shipped to Actlabs (ISO 17025...