Amid the rising value of precious metals, Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF) began processing high-grade gold and silver ore at its Merritt Mill facility, highlighting a key step forward in its growth. “Nicola expects to cumulatively process 60,000 (tn) of ore and produce 21,000 (oz) of gold-equivalent concentrate at full production capacity annual rate. The Merritt Mill provides accessible, reliable revenue to not only its British Columbian partners, but it also sustains its own copper, gold and silver projects across the province,” reads a recent article.
“We are excited to realize that Nicola is morphing into a steady and long-term producer. It is rare for junior miners to reach the production pinnacle and to monetize current precious metal prices with our partners,” said Nicola CEO Peter Espig. “We are also witnessing firsthand augmented efficiencies in British Columbia’s permitting of underground mining operations, which characteristically minimize environmental impact, as well as the strategic significance of our fully permitted mill. In addition to production, we have boosted our geological team and are ramping up activities for what we believe to be an exciting exploration campaign, not only at the New Craigmont Project, but also our fully permitted silver mine, Treasure Mountain.”
To view the full article, visit https://ibn.fm/5pvBb
About Nicola Mining Inc.
Nicola Mining is a junior mining company 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. Nicola’s gold and silver mill is the only permitted third-party processing facility in all of British Columbia.
The company owns 100% of the New Craigmont Copper Project, a high-grade copper property adjacent to Canada’s largest copper mine. The company also owns 100% of the nearby Treasure Mountain Silver Project.
For further information, visit the company’s website at www.NicolaMining.com.
NOTE TO INVESTORS: The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF
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