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Nicola Mining Drills 100.6 Metres of 1.33% Copper and Reports on the Winter Drilling Program at the New Craigmont Project, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2018) - Nicola Mining Inc. (TSXV: NI...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Drills 100.6 Metres of 1.33% Copper and Reports on the Winter Drilling Program at the New Craigmont Project, British ColumbiaVancouver, British Columbia--(Newsfile Corp. - April 2, 2018) - Nicola Mining Inc. (TSXV: NIM) (the \"Company\" or \"Nicola\") is pleased to provide the results of their latest drill hole, as well as a summary of results on its 2017-2018 Winter Drilling Program (the \"Program\"). The Program focused on extending and defining boundaries on the Craigmont West Zone, previously referred to as the Embayment Zone at the Company's 100%-owned New Craigmont Project, British Columbia. The name was changed from \"Embayment\" to \"Craigmont West\" to denote the westward extension of the mineralized skarn zone mined in the historic Craigmont open pit and underground mine.The program was designed to target the full width and western extent of a segment of copper-iron-skarn mineralization believed to be the continuation of the mineralized zone extending west from the historic Craigmont Mine. The initial drilling results at Embayment were reported in news releases dated February 28, 2018, January 12, 2018 and December 21, 2017. Nicola has since received all results from the remaining drilling to date. Hole NC-2018-03 HighlightsHole NC-2018-03 intersected the following:100.6 metres at 1.33% Cu including:40.2m at 2.52% CuAnd 15.0m grading 5.18% CuThe results have improved the geological understanding of the area and continue to establish the width and continuity of the Craigmont West Zone. Previous Craigmont West Zone Exploration Highlights include:*71.4 metres at 0.6% Cu from hole NC-2018-01 (Released Feb. 28, 2018) including:16m at 1.4% Cu*32 metres at 0.3% Cu from NC-2017-01 (Released Dec. 21, 2017) including:10m at 0.6% Cu*85.6 metres at 1.1% Cu from DDH-THU-002 (Released Sept. 7, 2016) including:13.8m at 2.71% Cu* indicates results released previouslyPeter Espig, CEO commented, \"Results from the initial stages of drilling at Craigmont West have been very encouraging and more drilling is clearly necessary for advancing the project toward establishing a resource and exploring west along strike and at depth. This drilling has intersected grades and widths comparable to mineralized zones mined at the historical Craigmont Mine.\" Frank Hogel, Chairman commented, \"It is becoming increasingly clear that this i...