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Nicola Mining Provides Exploration Update Including Results from Recently Completed ZTEM Survey
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Nicola Mining Inc. (TSXV:...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Provides Exploration Update Including Results from Recently Completed ZTEM SurveyVancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the \"Company\" or \"Nicola Mining\") is pleased to announce the completion of a district-wide airborne geophysical survey and related inversion modeling results carried out across its wholly owned New Craigmont Property (the \"Property\"), which is located in Central British Columbia. The Z-axis Tipper Electromagnetic (\"ZTEM\") survey has imaged the electrical conductivity signature of known mineral occurrences (\"MINFILEs1\") in the province of British Columbia. ZTEM has produced similar comparable signatures in other locations within the district of the Property.The Company is continuing data compilation and interpretation to better refine targets for a drilling exploration program upon receipt of the multi-year area-based (\"MYAB1\") exploration permit. The Company announced in its January 20, 2022, news release that it had applied for the MYAB, which covers subsections of the entire Property will allow the Company to conduct exploration for five years, upon approval.ZTEM HIGHLIGHTS:A 1,029 line-kilometre ZTEM survey was completed across a 184 square kilometre block covering the New Craigmont Property.2D and 3D inversion results have imaged the electrical conductivity of several MINFILEs in the district that include key Property exploration targets: Eric, Jua, Laron, Titan Queen, Marb 72, WP and Marb (See Diagram 1).Two large and prominent (>3x5 km and >3x10 km) NW-SE and WSW-ENE elongated, intrusion-like magnetic high bodies defined in the northwestern and east-central parts of the block.A large (>6 km x 6 km) magnetic low in the SW corner of the claim block.A prominent north-south conductive contact on the western margin of the claim block corresponding with the Lornex Fault.A >6 x 3 km oval-shaped resistivity high feature that coincides with the western part of the >3 x 10 km magnetic high.A large WNW to EW to ENE trending 4 km conductive contact that corresponds with the eastern extension of the >3 x 10 km magnetic high.Similar magnetic and resistivity trends indicating NW-SE, NE-SE, and EW lineament trends shown by the West Embayment, East Embayment and Dry Lake faults.Craigmont show...