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Nicola Mining Inc. Releases Grades on Continued Embayment Zone Expansion That Includes 71.4m of 0.6% Cu
VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Nicola Mining Inc. (TSXV:NIM) is pleased to provide an update on its ongoing exploration program
About this update from Nicola Mining Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Nicola Mining Inc. (TSXV:NIM) is pleased to provide an update on its ongoing exploration program at the Company’s 100%-owned New Craigmont Project located in British Columbia’s Thompson-Nicola Region. The program is designed to expand the Embayment Zone along strike to the west and delimit its northern and southern boundaries. On January 12, 2018, the Company announced that it had successfully expanded the strike extent of the Embayment Skarn Zone to 400 metres and established the true width reaching 150 metres. Selected Expansion Drill Hole Highlights include: NC-2018-01 with 0.6% Copper over 71.4m, including 1.4% Copper over 16m NC-2017-01 with 0.3% Copper over 32m, including 0.6% Copper over 10m Highlights from the 2017-2018 Winter drilling program are summarized in Table 1 below: Assay Results for Embayment Expansion Drilling The New Craigmont Property is host to the past-producing Craigmont Mine, a copper-iron skarn deposit located along the southern flank of the Guichon Creek Batholith, approximately 55 km south of the Highland Valley Copper Operation. The Embayment Zone is the western extension of the west-striking corridor of skarn-style alteration that hosts the Craigmont deposit. The Embayment fault offsets the continuous zone of skarn alteration and displaces the Embayment segment approximately 300 metres to the northwest of the Craigmont segment. Nicola’s Geology team has been able to trace mineralized skarn of the Embayment Zone for 400 metres laterally west from the Embayment Fault. The zone is still open at depth and to the west and additional drilling will be required to test the continuity and extent along strike and down dip. The Company will complete one additional hole designed to intersect central part of the currently delineated Embayment Zone before moving to drill-test waste piles and the mineralized halo around the Craigmont ore zone. Underground development of the Craigmont Mine extends to approximately 150m from the Embayment Zone skarn corridor The Craigmont deposit was characterized by high-grade, irregular semi-massive chalcopyrite lenses surrounded by lower grade halos, which is also exhibited by the initial drilling results from the Embayment Zone. Determining the limits of the lower grade mineralized hal...