FAQ: Nicola Mining's 2026 Exploration Drilling at Treasure Mountain Silver Project
Summary
Nicola Mining Inc. is advancing preparation work for its 2026 exploration drilling program at the Treasure Mountain Silver Project in British Columbia, following years of groundwork and recent permit approvals that position the company to capitalize on strengthening silver market conditions.
What is the main focus of Nicola Mining’s current activities at Treasure Mountain?
Nicola Mining is conducting preparation work for its 2026 exploration drilling program at the Treasure Mountain Silver Project, following 2025 field reconnaissance and previous groundwork to define drill targets northwest of the currently suspended mine.
Where is the Treasure Mountain Silver Project located?
The Treasure Mountain Silver Project is located 30 km northeast of Hope, British Columbia, and spans an area exceeding 2,200 hectares with 30 mineral claims and a mineral lease.
Why was the Treasure Mountain mine previously suspended?
The Treasure Mountain mine was placed on care and maintenance in 2013 due to low silver prices, but remains a core asset for Nicola Mining as market conditions strengthen.
What recent permits has Nicola Mining received for this project?
The company recently received a multi-year area-based exploration permit allowing diamond drilling and trenching, as well as a 10-year mine lease extension through April 26, 2032.
What preparation work has been completed for the 2026 drilling program?
Preparation work includes years of groundwork such as an airborne magnetic geophysical survey, extensive soil sampling, and 2025 field reconnaissance focused on defining drill targets.
What other assets does Nicola Mining own besides Treasure Mountain?
Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares, and maintains a 100% owned mill and tailings facility near Merritt, British Columbia.
Where can investors find more information about Nicola Mining?
The latest news and updates relating to HUSIF (Nicola Mining’s OTCQB symbol) are available in the company’s newsroom at https://ibn.fm/HUSIF.
What is Nicola Mining’s milling capability?
Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes, and the company has signed Mining and Milling Profit Share Agreements with high grade gold projects.
When is the exploration drilling program scheduled to begin?
The exploration drilling program is planned for 2026, following the current preparation work and target definition activities.
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