Nicola Mining Provides Operations and Exploration Update | HUSIF Stock News

Nicola Mining has shipped approximately 55 dry tonnes (64 wet tonnes) of concentrate produced jointly with Talisker Resources, containing an estimated grade of 97.75 grams gold per tonne. The concentrate grades have improved during the milling process due to enhanced gold capture through gravity and tabling processes. The processing occurs at Nicola's Merritt Mill, a $30.0 million facility that is uniquely positioned as the only facility in British Columbia permitted to accept third-party gold and silver mill feed province-wide. The Company has secured an offtake agreement with Ocean Partners UK for concentrate sales. Additionally, Nicola is currently conducting drilling operations at the Embayment Zone, following drilling at West Craigmont-WP and MARB-CAS targets.

Nicola Mining ha inviato circa 55 tonnellate secche (64 tonnellate umide) di concentrato prodotto congiuntamente con Talisker Resources, contenente una gradazione stimata di 97,75 grammi d'oro per tonnellata. Le gradazioni del concentrato sono migliorate durante il processo di frantumazione grazie a un miglioramento nella cattura dell'oro tramite processi di gravità e tavolatura. L'elaborazione avviene presso il Merritt Mill di Nicola, una struttura da 30 milioni di dollari che rappresenta l'unico impianto in British Columbia autorizzato ad accettare cariche di frantumazione di oro e argento di terze parti su tutto il territorio provinciale. La Società ha assicurato un accordo di vendita con Ocean Partners UK per le vendite di concentrato. Inoltre, Nicola sta attualmente conducendo operazioni di perforazione nella Zona Embayment, dopo aver effettuato forature nei target West Craigmont-WP e MARB-CAS.

Nicola Mining ha enviado aproximadamente 55 toneladas secas (64 toneladas húmedas) de concentrado producido conjuntamente con Talisker Resources, que contiene una ley estimada de 97.75 gramos de oro por tonelada. Las leyes del concentrado han mejorado durante el proceso de molienda debido a una mejor captura de oro a través de procesos de gravedad y mesado. El procesamiento se realiza en el Merritt Mill de Nicola, una instalación de 30 millones de dólares que es la única autorizada en British Columbia para aceptar materia prima de oro y plata de terceros a nivel provincial. La Compañía ha asegurado un acuerdo de venta con Ocean Partners UK para la venta de concentrados. Además, Nicola está llevando a cabo actualmente operaciones de perforación en la Zona Embayment, después de perforar los objetivos West Craigmont-WP y MARB-CAS.

Nicola Mining은 Talisker Resources와 공동으로 생산한 약 55톤의 건조 농축물(64톤의 습식 농축물)을 출하하였으며, 여기에는 톤당 약 97.75그램의 금이 포함되어 있습니다. 농축물의 품질은 중력과 테이블 프로세스를 통한 금 회수 향상으로 인해 제분 과정에서 개선되었습니다. 처리 작업은 Nicola의 Merritt Mill에서 이루어지며, 이 시설은 브리티시컬럼비아에서 제3자의 금 및 은 원료를 수용할 수 있는 유일한 허가를 받은 3천만 달러 규모의 시설입니다. 회사는 농축물 판매를 위해 Ocean Partners UK와 오프테이크 계약을 체결하였습니다. 또한 Nicola는 현재 West Craigmont-WP 및 MARB-CAS 목표에 대한 드릴링 후 Embayment Zone에서 드릴링 작업을 수행하고 있습니다.

Nicola Mining a expédié environ 55 tonnes sèches (64 tonnes humides) de concentré produit conjointement avec Talisker Resources, contenant une teneur estimée à 97,75 grammes d'or par tonne. Les teneurs du concentré se sont améliorées au cours du processus de broyage grâce à une meilleure capture de l'or via les procédés de gravité et de table. Le traitement a lieu à l'Merritt Mill de Nicola, une installation de 30 millions de dollars qui est la seule installation en Colombie-Britannique autorisée à accepter des alimentations de broyage d'or et d'argent de tiers à l'échelle provinciale. La société a sécurisé un contrat de vente avec Ocean Partners UK pour les ventes de concentrés. De plus, Nicola procède actuellement à des opérations de forage dans la Zone Embayment, après avoir foré les cibles de West Craigmont-WP et MARB-CAS.

Nicola Mining hat etwa 55 trockene Tonnen (64 nasse Tonnen) Konzentrat versendet, das gemeinsam mit Talisker Resources produziert wurde und einen geschätzten Gehalt von 97,75 Gramm Gold pro Tonne enthält. Die Gehalte des Konzentrats haben sich während des Mahlprozesses verbessert, da mehr Gold durch Gravitation und des Tischverfahrens gewonnen wurde. Die Verarbeitung erfolgt in der Merritt Mill von Nicola, einer 30 Millionen Dollar teuren Anlage, die als einzige Anlage in British Columbia berechtigt ist, provinciale Drittanbieter-Mahlgut von Gold und Silber anzunehmen. Das Unternehmen hat einen Abnahmevertrag mit Ocean Partners UK für den Verkauf von Konzentraten gesichert. Darüber hinaus führt Nicola derzeit Bohrarbeiten in der Embayment-Zone durch, nachdem Bohrungen an den Zielen West Craigmont-WP und MARB-CAS durchgeführt wurden.

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Nicola Mining Inc. (TSX: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that it has shipped concentrate produced jointly with Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) ("Talisker"). The initial shipment of concentrate was for approximately 55 dry tonnes (64 wet tonnes) that contained an estimated grade of 97.75 grams gold per tonne. The Company is also pleased that concentrate grades have increased during the milling process, mainly attributed to the capturing of free gold via gravity and tabling processes. The Company had announced on April 9, 2024, that it had signed a Milling Agreement with Talisker for the processing of mill feed at Nicola's mill site, located near Merritt, British Columbia. Nicola's Merritt Mill is a unique $30.0 million plus milling and processing facility constructed on free-hold industrial-zoned land owned 100% by the Company. The Company has secured an offtake agreement1 with Ocean Partners UK Limited ("Ocean Partners") to sell the concentrate on behalf of Nicola and Talisker.

Figure 1: Talisker Material Concentrate (left). Figure 2: Initial Shipment (right)

Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4873/227458_1.jpg

The Company also announces that it is currently drilling at the Embayment Zone, after having drilled at both the West Craigmont-WP and MARB-CAS targets of the 2024 drilling exploration program. Given the significance of the program the Company will issue an update and results upon completion.

Qualified PersonWilliam Whitty, P. Geo., the Company's VP Exploration, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Nicola MiningNicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

On behalf of the Board of Directors

"Peter Espig"

Peter EspigCEO & Director

For additional information

Contact: Peter EspigPhone: (778) 385-1213 Email: [email protected]: www.nicolamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1 See April 30, 2021 news release: https://nicolamining.com/nicola-mining-signs-purchase-contract-for-gold-and-silver-concentrate-with-ocean-partners-holdings/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227458