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Nicola Mining Inc. Intersects Upper Zone Copper Mineralization
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2019) - Nicola Mining Inc. (TSXV: NI...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Inc. Intersects Upper Zone Copper MineralizationVancouver, British Columbia--(Newsfile Corp. - August 19, 2019) - Nicola Mining Inc. (TSXV: NIM) is pleased to provide assay results from its third drill hole, CC-19-73, (Figure 1) from its ongoing 2019 Exploration Program (\"2019 Program\") at the Company's wholly-owned New Craigmont Project, located in British Columbia's Thompson-Nicola Region. The purpose of the first three drill holes was to confirm and intersect the unexploited, and incompletely delineated No. 3 Ore Body hole1 (Figure 1), which the Company will refer to as No. 3 Mineralized Body from hereon. The No. 3 Mineralized Body is located adjacent to the 2400 level of the historic Craigmont Mine.Although CC-19-73's intercept of No. 3 Mineralized Body appears shorter and less mineralized than the previous two holes of the 2019 Program, it appears to be of the greatest significance. The hole intercepted 84 meters grading Cu 0.34% (CuEq 0.46%) of the recently discovered and previously unknown \"Upper Zone\" mineralization encountered in the preceding two drill holes2. This is a 50-meter westward step-out which demonstrates the lateral continuity of the Upper Zone encountered in the first two holes.Selected Drill Hole Highlights include:Hole ID (UTM Zone 10 Easting, Northing, Azimuth, Dip)Interval width (from - to)Cu (%)Cu + CuEq. (%) †ZoneCC-19-73 (647733, 5563429, 356°, -64.0°) Including84.00m* (387.00 - 471.00 m)0.340.46Upper Zone 13.00m (395.50 - 408.50 m)0.650.75 12.80m* (412.50 - 425.50 m)0.530.64CC-19-7314.00 m (642.5.00 - 656.50 m)0.370.45No. 3 Mineralized Body † Cu equivalent values were calculated using Fe and assays and magnetite ratios.3* 20cm sample selected for Ar-Ar dating of potassium feldspar associated with chalcopyrite. Figure 1: Craigmont Central 2019 drill target, collar locations and cross-section line (A-A').To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4873/47016_04316bb6148919bf_002full.jpg Figure 2: Cross section 647660E along line A-A' (Figure 1) looking Eastward.To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4873/47016_04316bb6148919bf_003full.jpgThe mineralized Upper Zone, which is south of the underground workings, is characterized by strong k-spar-chlorite-carbo...