Nicola Mining Announces Positive Induced Polarization Survey Results

- July 24th, 2017

Nicola Mining Inc. (TSX.V:NIM) (the “Company”) is pleased to announce results of an Induced Polarization (IP) geophysical survey over Promontory Hill, an area of high interest on the Company’s wholly-owned New Craigmont Project and located southwest of the Craigmont pit. The New Craigmont Project (the “Property”) that the Company had previously referred to as Thule …

Nicola Mining Inc. (TSX.V:NIM) (the “Company”) is pleased to announce results of an Induced Polarization (IP) geophysical survey over Promontory Hill, an area of high interest on the Company’s wholly-owned New Craigmont Project and located southwest of the Craigmont pit. The New Craigmont Project (the “Property”) that the Company had previously referred to as Thule Copper is the site of the historic Craigmont Copper Mine, located near Merritt, BC and near Teck Resources Limited’s Highland Valley Copper.
As quoted in the press release:

Dr. Jules Lajoie, highlighted in his Geophysicist, Technical Report, dated July 15, 2017,

“The geophysical signatures accumulated thus far in the program are suggestive of the higher reaches of a porphyry system, with the Craigmont skarn deposit being the distal expression of that. The weak mag high in the center of the dashed red line mag outline, located just south of station 4600E on Line 5562700N could suggest a more magnetic potassic core. In such systems, the strongest IP highs are commonly due to higher concentrations of pyrite, with the Cu mineralization located elsewhere within more moderate IP. As well magnetite destruction commonly results in lower and quieter magnetics.”

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