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Paul Johnston (Ph.D. Geological Sciences) Joins Board of Nicola Mining Inc.
(via Thenewswire.ca) VANCOUVER, B.C. / TheNewswire / May 19, 2016 - Nicola Mini...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Paul Johnston (Ph.D. Geological Sciences) Joins Board of Nicola Mining Inc.(via Thenewswire.ca)\n \n \nVANCOUVER, B.C. / TheNewswire / May 19, 2016 - Nicola Mining Inc. (the \"Company\" or \"Nicola\") is pleased to announce that Dr. Paul Johnston (Ph.D. Geological Sciences) has joined the Board of Directors of Nicola. Dr. Johnston's extensive experience in recognizing and enhancing value-adding exploration projects will be particularly useful as the Company looks deeper into its Thule Copper Project, as well as potential acquisitions to augment its modern processing mill located 10 km outside of Merritt, BC. \n\n\n \nDr. Johnston is known for improving the performance of exploration teams and devising successful exploration projects. He was most recently Principal Geologist with Teck Resources Limited, and has valuable in-depth knowledge of copper, silver, and gold mineralization. The Company's Thule Copper Project is located near Teck Resources Limited's Highland Valley Copper's operations, a region in which Paul has expertise. In addition, Paul will work with Nicola's Project Geologist, Brian May, to review potential sources of mill feed and acquisitions. The Company feels that, given the significant CAPEX requirement and administrative complexities associated with receiving a mill site permit, there could be project consolidation opportunities in the future.\n\n\n \nPeter Espig, Chief Executive Officer, commented, \"Paul brings an immense amount of expertise and credibility to our team and project(s). We look forward to working together closely as the Company moves forward.\"\n\n\n \nThe Company also announces that it has granted 1,700,000 options at of $0.11 to directors and officers under its Stock Option Plan. \n\n\n \nThule Copper Project\n\n\n \nThe Thule copper property is 100% owned by Nicola and consists of 21 mineral claims and 10 mineral leases covering approximately 10,084 hectares. Carbonate rich Nicola Group volcano-sedimentary units and intrusive rocks found along the southern flanks of the Guichon Batholith underlie the majority of the property which is located approximately 30 km south of the Highland Valley Copper operation. There are two dominant styles of mineralization on the property: copper iron skarn and copper porphyry. The most important discovery to date on the property has been the past producing Cr...