Source: Nicola Mining
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  • Nicola Mining (NIM) and Osisko Development (ODV) enter into a mining and milling profit share agreement
  • Osisko will be able to transport material to Nicola’s mill site near Merritt, British Columbia
  • Nicola is in the process of planning its 2023 exploration program
  • It is worth around $30.0 million and is also the location of the historic Craigmont Copper Mine
  • Nicola’s Merritt Mill is the only facility in BC to accept third-party gold and silver mill feed from throughout the province
  • Nicola Mining (NIM) is trading at C$0.12 at 10:08 am EST

Nicola Mining (NIM) and Osisko Development (ODV) have signed a mining and milling profit share agreement.

Osisko may transport material to Nicola’s mill site near Merritt, British Columbia.

The mill site is a unique facility because the company owns the industrial-zoned site free-hold.

It is worth around $30.0 million and is also the location of the historic Craigmont Copper Mine, which had a historic production grade of 1.3 per cent Cu.

Nicola is in the process of planning its 2023 exploration program, which will be announced at a later date.

The company released news that the two parties had entered into a memorandum of understanding for processing gold mill feed currently stockpiled at Osisko’s site.

Osisko’s site is in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel.

Nicola Mining is a junior mining company listed on the TSXV and Frankfurt Exchanges.

It has signed mining and milling profit share agreements with high-grade gold projects.

Nicola’s fully permitted mill can process gold and silver feed via gravity and flotation processes.

Nicola Mining (NIM) is trading at C$0.12 at 10:08 am EST.


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