• Nicola Mining (NIM) has completed final preparations to begin operations in Q1 2023
  • Nicola has received in excess of 15,000 tonnes of gold mill feed from Osisko’s Cariboo Gold Project and has hired employees to fill key positions required for gold production
  • Nicola owns the industrial-zoned site free-hold, and it is the only facility in the province permitted to accept third-party gold and silver mill feed from throughout the province
  • Peter Espig, CEO of Nicola, joined The Market Herald’s Sabrina Cuthbert to discuss this news
  • Nicola Mining (NIM) was trading at C$0.125 per share

Nicola Mining (NIM) has completed final preparations to begin operations in Q1 2023.

The company recently signed a mining and milling profit share agreement with Osisko Development (TSXV:ODV).

Nicola has received in excess of 15,000 tonnes of gold mill feed from Osisko’s Cariboo Gold Project and has hired employees to fill key positions required for gold production. Osisko may transport material to Nicola’s mill site near Merritt, B.C.

Source: Nicola Mining Inc.

Nicola owns the industrial-zoned site free-hold, and it is the only facility in the province permitted to accept third-party gold and silver mill feed from throughout the province.

Peter Espig, CEO of Nicola, joined The Market Herald’s Sabrina Cuthbert to discuss this news.

“The 2023 Exploration Program will extend to known, but never-before-drilled, locations on the Property that we can now explore since having received the multi-year area-based exploration permit on November 3, 2022.”

The company also expects to receive final results from its 2022 soil sampling program at New Craigmont Property and is preparing for an extensive exploration program for later this year.

Nicola Mining Inc. is a junior mining company listed on the TSX Venture and Frankfurt Exchanges that maintains a 100 per cent owned mill and tailings facility.

Nicola Mining (NIM) was trading at C$0.125 per share.


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