Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announced it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project in British Columbia, with mill feed extraction expected to begin during the first week of July. Material from the high-grade project will be processed at the company’s wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material from across the province.
In preparation for production, Nicola has completed several key infrastructure and operational initiatives, including installation of a 14-person operational camp, acquisition of mining equipment and hiring of operational crews and contractors. The company also strengthened its reclamation profile with an additional $251,000 payment toward reclamation bonding requirements. Management said Dominion has demonstrated strong mineralization with vein systems open in all directions and grades of up to 113 grams of gold per tonne, while highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth.
The Dominion Project is located in British Columbia, a region known for its rich mineral deposits. Nicola Mining’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The company’s ability to process material from its own projects as well as from other high-grade gold projects through profit share agreements positions it as a key player in the region’s mining landscape.
Nicola Mining also owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Highland Valley Copper, Canada’s largest copper mine. Additionally, the company owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. These assets provide a diversified portfolio that could support long-term growth.
The announcement comes as the mining industry continues to see strong demand for precious metals. The start of operations at Dominion could provide a steady stream of high-grade mill feed, potentially contributing to Nicola’s revenue and cash flow. The company’s strategic moves, including infrastructure investments and reclamation bonding, underscore its commitment to responsible mining practices.
For more details, the full press release is available at https://ibn.fm/AWGFu. The latest news and updates relating to NICM can be found in the company’s newsroom at https://ibn.fm/NICM.
