Nicola Mining Inc. · TSXV:NIM
Nicola Mining — Investor Presentation (April 2024)
20 slides from Nicola Mining's investor presentation, April 2024
Slide 1: Advancing Discovery: New Craigmont Project's High-grade Copper Potential
TSX-V: NIM OTC: HUSIF FRA: HLI Advancing Discovery New Craigmont Project’s High-grade Copper Potential April 2024 Presentation NICOLAMINING.COM
Slide 2: Location
LOCATION Right jurisdiction: Major producing mines Connected to Highway 8 Connected to Power grid Water permits in place Near major cities
Slide 3: Location
LOCATION • Brownfield site of the former Craigmont Mine • Located 14 kilometers northwest of Merritt, BC. • Highway access via Highway 8 and Aberdeen Road. • In the heart of the Okanagan mining districts. • Site is fully serviced by hydro power with 1.7kva available. • Daily water permit draw of up
Slide 4: The Craigmont Mine
THE CRAIGMONT MINE Operations over numerous years • First Showing 1897 • Limited shipments of copper before being abandoned. • Reactivation in 1916 • 1,261 tonnes (1,400 tons) @ 7% Cu • 1928- Re-opened Craigmont Corundum Mill. Circa 1908 • Problems with flooding in mine. • 9 ounces (280 g) Au, 761 o
Slide 5: The Craigmont Mine
THE CRAIGMONT MINE Both open pit and underground mining was used to extract copper and magnetite from 1958-1982. Mining ceased due to copper price of ~$0.60/lb. Aug 1961 Sept 1962 • 1961-1982, Craigmont produced • 1993-2014, magnetite produced 34Mt ore @ 1.3% Cu both from by re-processing of Craigmo
Slide 6: Regional Geology
REGIONAL GEOLOGY Shares the regional geologic environment with TECK’s Highland Valley Copper District, the largest copper producer in Canada. N
Slide 7: Project Geology
PROJECT GEOLOGY LITHOLOGY Upper Triassic Nicola Group intruded by Late Triassic Guichon Creek batholith. The western portion is overlain by the Cretaceous Spences Bridge Group. Two plugs related to the Triassic Colyle Stock found on the southern part of the property. Geologic Map Guichon Creek batho
Slide 8: Project Geology
PROJECT GEOLOGY • Guichon Pluton intruded the Nicola Group rocks and the contact is near vertical and steeply south dipping within the property. The property is partially overlain by Spences Bridge Group rocks. • Approximately two-thirds of the Craigmont ore body occurs within skarn, hosted by limey
Slide 9: Project Geology: Mineralization
PROJECT GEOLOGY MINERALIZATION Porphyry and skarn mineralization occurring on the property. Cu-Fe Skarn Epidote (Replacement of garnet) Stratigraphic-hosted malachite, CU-FE SKARN chalcopyrite, chalcocite, azurite and Actinolite & chlorite bornite along fractures or stratigraphically hosted within N
Slide 10: Exploration
EXPLORATION HISTORIC EXPLORATION INSIGHTS Focused on targeting limy* units for additional skarn (strata- bound). Geophysical methods struggled with thick overburden and Kingsvale Group. Largely unsuccessful in adding new resources. Suppressed copper prices caused the eventual closure of the Craigmon
Slide 11: Exploration: Recent Drilling Highlights
EXPLORATION High-grade copper mineralization has been found near the historic Craigmont Mine and in the new-discovered Embayment Zone. R E C E N T DRILLING HIGHLIGHTS DDH-THU-002: 85.6m @ 1.11% Cu Sep 7, 2016, news release (SEDAR Oct. 4, 2016) S-100: 116.7m @ 0.54% Cu (re-sampling) Jan 23, 2017, new
Slide 12: Exploration: 2023 Drilling Summary
EXPLORATION 2023 DRILLING SUMMARY • Six holes were drilled north and east of the historic Craigmont pit1. • NC23-001 interacted with exoskarn in the Nicola Group's limey sedimentary rocks east of the historic pit. • NC23-005 and NC23-006 revealed extensive potassic and propylitic alterations, along
Slide 13: 2024 Exploration
2024 EXPLORATION Look into the Guichon Quartz Diorite: breccia pipes, endoskarns and porphyry targets. 3D IP Survey followed by drilling! MARB - A breccia zone of quartz diorite - Chalcopyrite, pyrite and pyrrhotite occurs as fine disseminations and veins hosted in the epidote-chlorite- actinolite a
Slide 14: MARB-CAS Zone
MARB-CAS ZONE AEROMAGNETIC ANOMALIES There appears to be an EW striking magnetic anomaly trend that includes known mineralization found in the Direction to WP Embayment, Craigmont, and Eric zones. However, the MARB-CAS Zone remains largely unexplored and lacks drill data. The Craigmont anomaly is th
Slide 15: MARB-CAS Zone
MARB-CAS ZONE AEROMAGNETIC ANOMALIES Aeromagnetic MVI cross-sections illustrating proven mineralization at Eric (A-A), Craigmont (B-B’) and Embayment (C-C’) corresponding with high magnetic anomalies and observed mineralization on surface at CAS (D-D’) and MARB (E-E’) also corresponding with high ma
Slide 16: West Craigmont Zone
WEST CRAIGMONT ZONE WEST CRAIGMONT ZONE – A PORPHYRY TARGET Porphyry-style mineralization and alteration has recently been found in Guichon Quartz Diorite outcrop at WP. F Copper oxide minerals observed along some fractures in quartz diorite. F’ Quartz veins with potassic alteration halo.
Slide 17: West Craigmont Zone
WEST CRAIGMONT ZONE ZTEM SURVEY - RESISTIVITY ANOMALIES 2022 ZTEM survey detected an oval-shaped resistivity high feature that coincides with magnetic high anomaly in the West Craigmont Zone. F F’ The geophysical anomaly in the West Craigmont Zone is interpreted to be a felsic intrusion associated w
Slide 18: MYAB
MYAB For the first time ever, New Craigmont Copper can benefit from property- wide exploration project over the next five years MYAB Multi-year Area-based Permitting An Exploration Game Changer The MYAB Permit allows the Company to complete the following key exploration activities: • Geophysical sur
Slide 19: Dump Resource Estimation
DUMP RESOURCE ESTIMATION A Technical Report was prepared in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101“) supporting the Inferred Copper Resource for the Southern Dump and 3060 Portal Dump. Southern Dump Portal Area Inferred Mineral Resource T
Slide 20: To Learn More
To Learn More: info@nicolamining.com 778-385-1213 TSX-V: NIM OTC: HUSIF FRA: HLI NICOLAMINING.COM