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Nicola Mining Provides an Update for Ongoing Exploration at Its Flagship New Craigmont Copper Project
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Nicola Mining Inc.  (TSX...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Provides an Update for Ongoing Exploration at Its Flagship New Craigmont Copper ProjectVancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the \"Company\" or \"Nicola\") is pleased to provide an update for the 2025 Exploration Diamond Drilling Program (the \"2025 Program\") at its New Craigmont Copper Project (\"New Craigmont\"), near Merritt, BC. Exploration Summary Three targets (Figure 1) were drilled in Nicola's 2025 program: MARB-CAS, Draken and a new target at WP/West Craigmont identified by ALS Geoanalytics1. The purpose of the 2025 Program was to collect geological data for target development for a potential porphyry copper system at New Craigmont. 1 Seven holes totaling 3347m were drilled (Table 1), logged and sampled.Over 2600 samples (including QC samples) were submitted to AGAT Labs for multi-element analysis (results pending). Results from the analyses will be interpreted by Nicola and used for porphyry vectoring.Eleven samples representative of lithology and alteration were selected and sent to Vancouver Petrographic for thin section petrography to help classify rock types and alteration mineral assemblages. This contributes to understanding the geological framework of the property. Over 5000 samples selected from 10 holes drilled since 2016 across the property and analyzed on site with a portable X-Ray fluorescence (pXRF) and short-wave infrared (SWIR). This data is a component of the Company's exploration target development program designed to identify vectors to a mineralized porphyry centre.Table 1: 2025 Drill HolesTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4873/282420_nicolatable1.jpgFigure 1. 2025 Drill Hole Collar LocationsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4873/282420_77b83a27e463ca91_002full.jpgSummary of Findings and InterpretationsDrill core observations from 2025 support the presence of a porphyry system at Draken (Figure 2). Holes DR-25-001 and DR-25-002 show downhole zonation from pyrite-chalcopyrite to chalcopyrite to chalcopyrite-molybdenite. Outcrop observations are consistent with drill hole observations. The weak mineralization of chalcopyrite with minor bornite and rare molybdenite are associ...