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Nicola Mining Inc. Provides Exploration Update on its New Craigmont Copper Project
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Nicola Mining Inc. (TSXV: NIM)...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Inc. Provides Exploration Update on its New Craigmont Copper ProjectVancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Nicola Mining Inc. (TSXV: NIM), (the \"Company\" or \"Nicola\") is pleased to announce that it has received all required permits and has commenced the 2018 diamond drilling program (the \"2018 DD Program\") at its wholly-owned New Craigmont Project, located approximately 10 kilometers west of Merritt and 20 km south of the Highland Valley Operation.Following analysis of two induced polarization geophysical surveys (the \"2017 IP Survey\"), which were announced in November 10, 2017 and July 24, 2017 news releases, the Company has finalized initial drill hole locations (Figure 1). Finalization of initial drill hole targets was based on a comprehensive analysis of induced polarization (\"IP\"), mapping, historical sampling and digitalization of historical diamond drilling results. The review also highlighted the significant scale and potential of the New Craigmont Project and the importance of developing a multi-year disciplined approach that incorporates several exploration techniques. Concurrently with the 2018 DD Program, the Company will conduct additional IP, geological mapping of key target zones and geochemical sampling of previous and new targets. Figure 1. New Craigmont claim block with 2018 exploration target areas identifiedTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4873/36077_36077_a1531964942726_33.jpgThe 2018 DD Program will consist of approximately 5,500 metres, encompassing 10 initial holes in three sections: Craigmont Central, Craigmont West and East Promontory. In addition, the Company will conduct geochemical sampling and IP ground geophysics over the North Promontory zone. The areas and the exploration strategies for each are explained below. Nicola has awarded Atlas Drilling Ltd., located in Kamloops, BC, the contract for the 2018 DD Program. The two-drill program is expected to be completed in early September.Phase 1 of the reverse circular (\"RC\") drill program on the historic wastepiles is now complete with assays pending. Next steps, which may include Phase 2 RC exploration, will be determined upon review of assay results.Craigmont WestCraigmont West is an area to the west of the Craigmont open pit and includes the...