Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) has commenced its 2026 exploration drilling program at Treasure Mountain, a permitted silver mine located approximately 30 km northeast of Hope, British Columbia. The program comprises four drill holes totaling approximately 800 meters at the previously undrilled MB Zone, where Nicola is targeting high-grade silver-lead-zinc mineralization with additional copper and gold.
Previous surface sampling at the MB Zone included results of up to 1,300 g/t silver, 2.59 g/t gold, 1.16% copper, 27.4% lead and 27.2% zinc. These grades are exceptionally high by industry standards, and the drilling aims to determine whether the mineralized surface veins demonstrate continuity and scale at depth. If confirmed, the results could significantly enhance the project's resource potential and attract further investment.
Drilling is expected to be completed by the end of September, with assay results anticipated by year-end. Core from the first hole is being submitted to AGAT Laboratories for multi-element analysis. Visual examination has identified intervals of intense mineralization, though the company cautioned that visual observations are not a substitute for analytical results. The market will await the assay results to confirm the presence of high-grade mineralization.
For readers tracking raw materials, this news matters because silver, lead, zinc, copper, and gold are essential to various industries, including electronics, renewable energy, and construction. Successful exploration could lead to a new source of these critical metals, potentially impacting supply dynamics and prices. Moreover, the project is in a favorable jurisdiction, British Columbia, which is known for its mining-friendly policies and infrastructure.
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.
The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM. To view the full press release, visit https://ibn.fm/HLLaK.
