Business
Nicola Mining Provides Update on Thule Project Exploration Activities
(via Thenewswire.ca) VANCOUVER, B.C. / TheNewswire / June 8, 2016 - Nicola Mining I...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Provides Update on Thule Project Exploration Activities(via Thenewswire.ca)\n \n \nVANCOUVER, B.C. / TheNewswire / June 8, 2016 - Nicola Mining Inc. (the \"Company\" or \"Nicola\") is pleased to provide an update on its 2016 Thule Project (\"Thule Project\" or the \"Property\") exploration activities. The Thule Project is a wholly-owned exploration opportunity that covers an area of 10,084 hectares in the Nicola Mining Division, located 14 kilometres northwest of Merritt in southern British Columbia. It is located near Highland Valley Copper and is the site of the historical Craigmont Copper Mine. \n\n \n \nDuring the first half of 2016, the Company is pleased to announce the following achievements:\n\n \n \n\n\n1)Successfully re-logging and cataloging 7000 metres of historical drill core covering the Embayment, Eric and Titan Queen mineral showings; \n\n\n\n \n \n-53 trench samples collected with a range from 71 ppm Cu to 1.68% Cu. The current programs was highlighted by the following detailed chip channel sampling results from the Eric, WP, and Titan Queen mineral showings 0.52% Cu over 9 meters at the Eric Shaft, including 1.3% Cu from 5-6 meters\n\n\n \n-0.37% Cu over 10 meters at WP Trench 1\n\n\n \n-0.71% Cu over 4 meters at the WP Shaft, including 1.68% Cu from 2-3 meters \n\n\n \n-0.30% Cu over 16 meters at Titan Queen Trench 1, including 0.51% Cu from 10-12 meters\n\n\n \n-0.56% Cu over 10 meters at Titan Queen Trench 2, including 0.96% Cu from 5-6 meters\n\n\n \n-0.60% Cu over 6 meters at Titan Queen Trench 3, including 0.74% Cu from 10-11 meters\n\n \n \n\n\n2)Approximately 4000 drill hole locations from 27 drill levels have been entered into the Craigmont drill database. The Craigmont drill database remains a priority for the Company, with additional data entry focused on lithology and historic assay data. The Company plans on using historical drilling data in order to create a 3D geological model of the Craigmont deposit. \n\n\n\n \n \nFurther exploration work will consist of: 1) continued re-logging and cataloging of historical surface and underground drill core, with particular focus on the East Embayment and underground drill levels, 2) additional detailed sampling and mapping around the WP, Titan Queen and Marb mineral showings to complement the 2016 drill program.\n\n \n \nThe Company is currently...