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Be the first with the news that moves the market- Nicola Mining (TSXV:NIM) has begun drilling at its Craigmont Copper Project in British Columbia
- The Vancouver-based miner hired Economic Geologist / VP of Exploration Will Whitty, P.Geo, to lead the 2023 program
- The project is located 33 kilometres from south of Highland Valley Copper, Canada’s largest open pit copper mine
- Nicola Mining (TSXV:NIM) opened trading at $0.15 per share
Nicola Mining (TSXV:NIM) has begun drilling at its flagship Craigmont Copper Project in British Columbia.
The Vancouver-based miner hired Economic Geologist / VP of Exploration Will Whitty, P.Geo, to lead the 2023 program.
His role as VP of Exploration at Nicola includes working with the Mineral Deposit Research Unit (MDRU) and Department of Earth, Ocean, and Atmospheric Sciences at the University of British Columbia. The company has commenced working with the MDRU, which has established a team to work on the 2023 program.
Nicola’s CEO, Peter Espig called it “gratifying” to witness years of foundational geological efforts that include combining Z-Axis Tipper Electromagnetic, airborne electromagnetic and induced polarization surveys, as well as mapping, logging of historic holes, reviewing historical drill logs and conducting various laboratory and on-ground research culminated into drilling efforts.
“The company faced market pressure to put metres in the ground; however, we have and remain committed to a long-term strategy and firmly believe that superior understanding will potentially facilitate superior outcomes.”
The project is located 33 km from south of Highland Valley Copper, Canada’s largest open pit copper mine.
As mining-related activities ramp up in the province, the company said it is talking with multiple parties about future mining and milling profit share agreements.
Nicola Mining has regulatory approval to drill on the property, with permits issued up until 2027.
The company owns 100 percent of its New Craigmont Project, which covers an area of 109.13 sq. km. along the southern end of the Guichon Batholith in British Columbia. Nicola had completed mill upgrades earlier this year and began milling operations with materials from Osisko Development Corp. (TSXV:ODV). Click here to read more.
Nicola Mining (TSXV:NIM) opened trading at $0.15 per share.
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