FAQ: Nicola Mining Inc. Secures Multi-Year Exploration Permit for Treasure Mountain Silver Project
Summary
What is the significance of the multi-year exploration permit for Nicola Mining Inc.?
The permit allows Nicola Mining Inc. to conduct extensive exploration activities, including drilling and geophysical surveys, at its Treasure Mountain Silver Project, enhancing its ability to explore and potentially mine silver in a historically significant area.
What activities are authorized under the new MYAB Permit?
The permit authorizes 30 drill holes, trenching, trail building, and geophysical surveys over the next five years at the Treasure Mountain Silver Project.
How does this permit complement Nicola Mining’s existing permissions?
It complements a previously granted 10-year mining lease extension, positioning Nicola to advance both mining and exploration activities at the project.
What are the key assets owned by Nicola Mining Inc.?
Nicola Mining owns a 100% owned mill and tailings facility, the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease.
Where is the Treasure Mountain Silver Project located?
The project is located in British Columbia, covering an area exceeding 2,200 hectares.
Who is the CEO of Nicola Mining Inc. and what did he say about the permit?
Peter Espig is the CEO, and he stated that the combined permits position Nicola to leverage strong silver prices to revitalize the Treasure Mountain Silver Project.
How can investors stay updated on Nicola Mining Inc.’s developments?
Investors can visit the company’s newsroom at https://ibn.fm/HUSIF for the latest news and updates.
What is the capacity of Nicola Mining’s mill?
Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
What is the size of the New Craigmont Project?
The New Craigmont Project covers an area of 10,913 hectares along the southern end of the Guichon Batholith.
Where can I view the full interview with Nicola Mining’s CEO?
The full interview can be viewed at https://ibn.fm/42qv9.
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