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Nicola Mining Provides Drill Results for Both Porphyry-Style and Skarn-Style Mineralization
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2020) - Nicola Mining Inc. (the " Com...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Provides Drill Results for Both Porphyry-Style and Skarn-Style MineralizationVancouver, British Columbia--(Newsfile Corp. - March 23, 2020) - Nicola Mining Inc. (the \"Company\") is pleased to report the results of the final two drill holes of the 2019 diamond drill hole program (\"2019 Drill Program\"). The 2019 Drill Program consisted of five holes at the Company's wholly-owned New Craigmont Copper Project (\"Craigmont Project\"), located 14km from the City of Merritt, BC.The 2019 Drill Program targeted potential mineralization in the southwest margins of the historic Craigmont open pit and historic underground workings. All holes intersected copper mineralization (Figure 1). Additional to mineralized intercepts, the 2019 Drill Program provided insight into a potentially larger mineralized system, as highlighted below:1) Two Styles of Mineralization: Drill holes intersected skarn-type mineralization typical of the historical mine and for the first time, mineralization with porphyry-style characteristics. 2) Extension of Mineralization and Alteration: The 2019 Program expanded drill-tested length of the west-trending corridor of copper mineralization to 900 metres. Figure 1: Map of 2019 exploration drill locationsTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4873/53693_0478926b0442394a_001full.jpgThe first three drill holes of the 2019 Drill Program targeted extensions of the No. 3 Mineralized Body. These holes returned long intercepts of propylitic alteration containing shorter, higher-grade Cu intervals. The final two drill holes were designed to evaluate the alteration corridor along strike of the No. 3 Mineralised Body and below the historic underground workings.Drill hole CC-19-74 is located 200m west of CC-19-71 and positioned to test the westward extent of the No. 3 Mineralized Body.Drill hole CC-19-75 is located 200m east of CC-19-73 and below Portal 2400. It was drilled to 751.33 m and positioned to evaluate the continuation of the Upper Zone encountered in drill holes CC-19-71, 72 and 73.Table 1: Drill Hole highlights of CC-19-74 and CC-19-75Hole ID(Easting, Northing, Azimuth, Dip)Interval width (from - to)Cu (%)ZoneCC-19-74(647434, 5563502, 009°, -63.9°) 19.25m(547.00 - 566.25m)0.7Upper ZonePorphyry-styleIncludes7.37m (552.78 - 560.15m)1.3...