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Nicola Mining Expands Embayment Skarn Zone to 250 Meters; Skarn Alteration Remains Open at Depth and to the West
VANCOUVER, British Columbia, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Nicola Mining Inc. (TSXV:NIM) is pleased to provide an update on its 2017 Exploration Program foc
About this update from Nicola Mining Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Nicola Mining Inc. (TSXV:NIM) is pleased to provide an update on its 2017 Exploration Program focused on copper exploration at its wholly-owned New Craigmont Property. The first four holes all successfully intersected skarn alteration, including previously untested segments of the Embayment Zone. The skarn alteration, consisting of a mineral assemblage of garnet-magnetite-epidote-chlorite, is associated with the Craigmont Copper deposit, which is located along strike to the east. As a result, the strike length of the Embayment zone has increased by 150 metres, bringing the total strike length of the zone to over 250 metres and it remains open to the west and at depth. Skarn alteration intersected over 200 meters in holes NC-2017-01 and NC-2017-03 with an estimated true-thickness of 153.0 meters, and over 120 meters in NC-2017-04 with an estimated true thickness of 78.0 metres. Hole NC-2017-02 successfully defined the eastern boundary of the zone, where it terminates against the post-mineral Embayment Fault. Embayment zone skarn alteration is open at depth and to the west. Diamond drilling in 2017 was designed to test for continuity of the Embayment Zone at depth and along the west-striking zone of skarn-type alteration and copper mineralization encountered in historical drill holes and more recently, in DDH-THU-002. These first holes met this objective and will aid the geological team in future program planning. Ongoing drilling continues to expand the Embayment Skarn zone westward. The Company will release assays once analysis of all samples has been completed. Craigmont Mines Limited put significant importance on the Embayment Zone and developed an underground portal to within 150 metres of the Embayment Zone. Hole NC-2017-01 tested the Embayment Zone between DDH-THU-002 and S-100 and intersected 212.51 metres of copper mineralization associated with skarn from 253.05 to 465.56 metres. This mineralized interval is interpreted to have a true thickness of 163 metres. Hole NC-2017-02 was designed to define mineralization extending east from DDH-THU-002, whereas holes NC-2017-03, and NC-2017-04 were drilled approximately 90 metres west of DDH-THU-002 and targeted a previously untested portion of the Embayment Zone. Hole NC-2017-03 interse...