Nicola Mining: Samples from the Dominion Gold Project returned 34.9 g / t gold

Two of four grab samples on the Dominion Gold Project of Nicola Mining Inc. (TSX.V: NIM, FRA: HLI) have high gold in analyzes. and silver values ​​delivered. The best sample, A00204491, was 34.9 grams of gold and 176 grams of silver per ton. The second best sample returned 13.2 grams of gold and 46 grams of silver per ton.

The samples come from historical trenches where the gangue material is exposed. (Figure 1 and Map 1). The samples were sent to the ALS Metallurgy Laboratory (“ALS Labs”) in Kamloops, BC and found the following grades (Table 1):

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Table 1: Results of the chip samples and vein samples representative of the vein samples.

Metallurgical tests: how much gold can be extracted?

In addition to determining the content of the mineralization, ALS Labs is currently carrying out metallurgical testing work on the material. The tests include the manufacture of a sulfide-based gold / silver concentrate using a flotation process similar to that used at the company’s fully licensed flotation processing facility located near Merritt, BC. This is used to calculate the degree of extraction for gold. The company will issue a separate press release on the concentrate grades and properties when the analysis is complete.

Nicola announced on September 23, 2020 that it had signed a letter of intent with High Range Exploration Ltd. (“High Range”), which will give Nicola a 75% beneficial interest in the Dominion Creek Property. If due diligence is satisfactory and a binding contract is signed, High Range and Nicola intend to obtain approval for the project to bulk sample 10,000 tons.

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Figure 1. Portion of Vein 16 exposed in a historic trench; the locations of the splinter sampling are marked by the white lines. The sample numbers agree with Table 1. The gold grades and sample lengths are given.

Map 1: Location of Vein 16 sampled during the due diligence visit.

Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and the Frankfurt Stock Exchange and has a wholly owned mill and recovery facility located near Merritt, British Columbia. The fully approved processing plant can process both gold and silver processing material via gravity separation and flotation. The Company is also wholly owned by the New Craigmont Project, a high grade copper property, and an operating gravel pit adjacent to its processing facility.

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