FAQ: Nicola Mining's August Gold Sales and Partnership with Talisker Resources

What is the main announcement from Nicola Mining Inc.?

Nicola Mining announced it commenced shipping gold concentrate under its agreement with Talisker Resources, selling 707 ounces of gold in August for gross proceeds of approximately US$2.3 million.

Why are these gold sales significant for Nicola Mining?

The sales, following extensive mill upgrades, solidify Nicola’s position as a producer positioned to benefit from gold and silver prices while advancing work at its high-grade Treasure Mountain silver project.

How did Nicola Mining achieve these production gains?

Production gains followed extensive upgrades, including automation to enhance flotation recovery and installation of a large concentrator to optimize free gold recovery for ore from Talisker and Nicola’s Dominion Gold Project.

Who is involved in this partnership with Nicola Mining?

Nicola Mining has a Mining, Milling and Smelting Agreement with Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) for processing ore from Talisker and Nicola’s Dominion Gold Project.

When did these gold sales occur?

The gold sales occurred in August, as reported in the announcement.

Where is Nicola Mining’s processing facility located?

Nicola Mining maintains a 100% owned mill and tailings facility located near Merritt, British Columbia, which is fully permitted to process both gold and silver mill feed.

What other projects does Nicola Mining own?

Nicola owns 100% of the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.

Where can I find more information about Nicola Mining?

The latest news and updates are available in the company’s newsroom at https://ibn.fm/HUSIF, and the full press release can be viewed at https://ibn.fm/UQEat.