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Nicola Mining Inc.

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Nicola Mining Inc.

Investor website: https://nicolamining.com/

About

Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of high-potential assets. The company focuses on advancing gold, copper, and silver projects across British Columbia.

Verified company data

Cash position
not discovered
Shares outstanding
229,525,709
Fully diluted shares
259,337,710
Mineral resource
The latest Mineral Resource Estimation was conducted in 2009 following CIM Definition Standards. The total vein Indicated Resource above a 10.0 oz/imperial ton cut-off was estimated to be 33,000 tonnes (metric) with 24.2 opt silver, 4.16% lead, and 3.80% zinc. The total vein Inferred Resource above a 10.0 oz/imperial ton cut-off was estimated to be 120,000 tonnes (metric) with 27.0 opt silver, 2.79% lead, and 4.36% zinc. A Qualified Person has not done any work to classify this historical resource estimate as current; therefore, Nicola Mining is not treating it as current. This historical resource estimate is considered reliable as it was carried out by Qualified Professionals and disclosed in accordance with NI 43-101. It is considered relevant because it is the most recent resource estimate available and would be the starting point for further work. It will need to be verified before it is expanded upon or upgraded since subsequent mining, including bulk sampling, has taken place.
Projects
["Treasure Mountain Silver Project\n\n### Quick Facts\n\n- #### Ownership\n\n100%\n\n- #### Location\n\nNear Hope, BC, Canada\n\n- #### Status\n\nCare & Maintenance / Exploration\n\n- #### Operation\n\nUnderground Mine\n\n- #### Commodity\n\nSilver (Primary), with Lead & Zinc\n\n#### Project Overview\n\n- [**Location**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#location)\n- [**Geology**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#geology)\n- [**History**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#history)\n- [**Historical Resource**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#historical-resource)\n- [**Recent Exploration**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#recent-exploration)\n- [**Technical Reports**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#technical-reports)\n\n### Location\n\nThe Treasure Mountain mine property, under the full ownership of Nicola Mining Inc., is located within the Similkameen Mining Division in BC. Positioned 29 kilometers northeast of Hope, BC, this property is conveniently accessible via a 3-hour drive from Vancouver, BC. The property consists of 31 mineral tenures, which include 30 mineral claims and a single mineral lease, spanning an area exceeding 2,200 hectares.\n\n### Geological Setting & Mineralization\n\nThe Treasure Mountain property hosts polymetallic veins including those of the historic Treasure Mountain silver-lead-zinc mine. This property is situated in the northward continuation of the Cascade Mountains of Washington State, which contains sedimentary and volcanic rocks of Late Paleozoic to Cretaceous age plus younger intrusions and sediments.\n\n### History of Treasure Mountain\n\nIn the 1930s, 4,000 tons of ore was mined, yielding 39,558 oz. silver, 379,532 lb. lead, and 88,455 lb. zinc, plus cadmium. Silver Hill Mines Ltd. constructed a 50 tpd flotation mill in 1950, which is reported to have remained in place until at least 1956, though production is not recorded. Huldra acquired early photos of the 1950s facilities, some of which are included in the historic photo gallery. Huldra Silver Inc. arrived at Treasure Mountain in 1980, discovered and exposed a silver-rich vein over a length of 250 m in 1985, and subsequently carried out drilling programs, geochemical soil surveys, and various technical studies.\n\n### Historical Resource\n\nThe latest Mineral Resource Estimation was conducted in 2009 following CIM Definition Standards. The total vein Indicated Resource above a 10.0 oz/imperial ton cut-off was estimated to be 33,000 tonnes (metric) with 24.2 opt silver, 4.16% lead, and 3.80% zinc. The total vein Inferred Resource above a 10.0 oz/imperial ton cut-off was estimated to be 120,000 tonnes (metric) with 27.0 opt silver, 2.79% lead, and 4.36% zinc."]
Leadership
Peter Espig (CEO & Director, Experienced leader in the mining industry with a focus on operational excellence and strategic growth.), Brent Omland (Co-CEO of Ocean Partners, 20 years of experience in the mining, metals, and trading business. Previously served as CFO for Ivernia Inc. and Enirgi Metals Group.)

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