Nicola Mining (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) received a five-year extension for six mining leases at its New Craigmont Property, covering more than 10,800 hectares adjacent to Teck Resources’ Highland Valley Copper Mine, the largest copper operation in Canada. Nicola also began a 4,000-to-5,000-meter diamond drill program at New Craigmont on June 1. Earlier this month, the company reported shipping 707 ounces of gold concentrate in partnership with Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF), generating gross proceeds of about US$2.3 million, supported by recent upgrades to the Merritt Mill. Coverage was provided by Mark Reichman, Managing Director and Equity Research Analyst at Noble Capital Markets.
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About Nicola Mining
Nicola 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 10,913 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.
NOTE TO INVESTORS: The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF
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