- Nicola Mining (NIM) has commenced the processing of gold and silver mill feed at its mill near Merritt, British Columbia
- The company is producing a gold and silver concentrate for Ocean Partners UK Limited with mill feed transported to the mill by Blue Lagoon Resources
- The new processing capabilities were made possible by approximately $2 million in upgrades at the Craigmont mill
- Nicola Mining is a junior mining company engaged in the identification, acquisition, and exploration of mineral property interests
- Nicola Mining Inc. (NIM) is down 3.85 per cent on the day, trading at $0.125 per share
Nicola Mining (NIM) has commenced the processing of gold and silver mill feed at its mill near Merritt, British Columbia.
The company is producing a gold and silver concentrate for Ocean Partners UK Limited, a company that provides global trading services to miners, smelters, and refiners.
The new processing capabilities were made possible by approximately $2 million in upgrades at the company’s $30 million Craigmont mill, which can now process approximately 200 tonnes of material per day.
The Craigmont mill is the only site in BC permitted to accept high-grade gold and silver mill feed from throughout the province.
Feed was transported to the mill by Blue Lagoon Resources (BLLG) under a milling and smelting profit share agreement between the two companies that was signed in 2017 and recently amended.
Nicola Mining began the process of crushing the mill feed on July 2, 2021, and the material was stored in the fine ore bin before beginning flotation operations on July 8.
Frank Hogel, chairman of Nicola Mining, commented on the start of production at the facility.
“Behind the scenes,” he said, “it has been an incredible amount of work to commence production. I would like to congratulate the team on the momentous achievement.”
Nicola Mining is a junior mining company engaged in the identification, acquisition, and exploration of mineral property interests.
The company also owns 100 per cent of the New Craigmont Project, a high-grade copper property, and an active gravel pit that is located adjacent to its milling operations.
Nicola Mining Inc. (NIM) is down 3.85 per cent on the day, trading at $0.125 per share as of 9:44 am ET.
