- Nicola Mining (NIM) and Osisko Development (ODV) enter into a mining and milling profit share agreement
- Osisko will be able to transport material to Nicola’s mill site near Merritt, British Columbia
- Nicola is in the process of planning its 2023 exploration program
- It is worth around $30.0 million and is also the location of the historic Craigmont Copper Mine
- Nicola’s Merritt Mill is the only facility in BC to accept third-party gold and silver mill feed from throughout the province
- Nicola Mining (NIM) is trading at C$0.12 at 10:08 am EST
Nicola Mining (NIM) and Osisko Development (ODV) have signed a mining and milling profit share agreement.
Osisko may transport material to Nicola’s mill site near Merritt, British Columbia.
The mill site is a unique facility because the company owns the industrial-zoned site free-hold.
It is worth around $30.0 million and is also the location of the historic Craigmont Copper Mine, which had a historic production grade of 1.3 per cent Cu.
Nicola is in the process of planning its 2023 exploration program, which will be announced at a later date.
The company released news that the two parties had entered into a memorandum of understanding for processing gold mill feed currently stockpiled at Osisko’s site.
Osisko’s site is in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel.
Nicola Mining is a junior mining company listed on the TSXV and Frankfurt Exchanges.
It has signed mining and milling profit share agreements with high-grade gold projects.
Nicola’s fully permitted mill can process gold and silver feed via gravity and flotation processes.
Nicola Mining (NIM) is trading at C$0.12 at 10:08 am EST.
