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Nicola Mining (TSXV:NIM) ships large gold and silver concentrate and updates on operations

Mining
TSXV:NIM
24 February 2022 14:00 (EDT)

Source: Merritt Herald

Nicola Mining (NIM) has completed the second shipment of 196 tonnes of gold and silver concentrate to Ocean Partners UK Limited.

It is the largest shipment of concentrate delivered by the company to port. The material shipped contained roughly 92 grams gold per tonne and 562 grams silver per tonne.

Nicola Mining’s mill site, located near Merritt, B.C., was not severely affected by recent southern BC flooding. However, the highway that connects the region was heavily damaged and is currently undergoing extensive repairs.

Nicola Mining’s mill can process both gold and silver mill feed via gravity and flotation processes.

As part of its commitment to the environment and local communities, the company submitted a notice of departure for the extraction and processing of rock at the New Craigmont Project to the Ministry of Energy, Mines, and Low Carbon Innovation.

Once approved, Nicola Mining hopes to work with the First Nations and contractors by providing the needed foundation for infrastructure repairs.

Nicola Mining is a junior mining company that has signed mining and milling profit share agreements with high-grade gold projects.

Nicola Mining Inc. (NIM) is down 5.57 per cent and is trading at $0.08 per share as of 1:45 p.m. EST.

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