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Be the first with the news that moves the market- Nicola Mining (NIM) restarts mining at its New Craigmont Project in British Columbia
- The company said it has completed mill upgrades and began milling operations with materials from Osisko Development Corp (TSXV:ODV)
- The two companies previously signed a mining and milling profit share agreement in January
- Nicola Mining is also considering increasing the size of its ball mill to 500 tons per day, up from current capacity of 200 tons
- Shares of Nicola Mining are unchanged at C$0.14 on Tuesday
Nicola Mining NIM) has restarted mining operations at its New Craigmont Project in British Columbia.
The company said in a press release it has completed mill upgrades and began milling operations with materials from Osisko Development (ODV).
Nicola Mining and Osisko previously signed a mining and milling profit share agreement back in January.
In addition to restarting gold production, Nicola Mining CEO Peter Espig said the company is finalizing plans for the first stage of exploration at the New Craigmont project.
As mining-related activities ramp up in the province of British Columbia, the company said it is talking with multiple parties about future mining and milling profit share agreements.
Nicola Mining also said it is considering increasing the size of its ball mill to 500 tons per day, up from the current capacity of 200 tons.
Headquartered out of Vancouver, BC Nicola Mining’s New Craigmont Project spans an area of 10,084 hectares along the southern end of the Guichon Batholith. The company also owns 100 per cent of the Treasure Mountain Property, made up of 29 mineral tenures spanning 2,178 hectares.
Shares of Nicola Mining (NIM) are unchanged at C$0.14 on Tuesday.
