Nicola Mining Inc. has resumed operations at its New Craigmont Project in British Columbia, Canada. The company has recently completed mill upgrades and has commenced milling operations with material supplied from Osisko Development Corp. The project was temporarily suspended due to the COVID-19 pandemic, but with the progress made in the upgrades, the company has been able to resume operations.
The company is currently in discussions with multiple parties about future mining and milling profit share agreements, in addition to the Osisko Agreement. The Osisko Agreement allows Nicola Mining to mill up to 60,000 tonnes of gold and silver ore per year from Osisko’s nearby Cariboo Gold Project. The mill upgrades have enabled the company to process more material efficiently, increasing the potential for more agreements.
Nicola Mining’s mill is the only facility in the Province of British Columbia permitted to accept third-party gold and silver mill feed from throughout the province. The company is considering increasing the size of its ball mill up to 500 tonnes a day, from its current capacity of 200 tonnes, to optimize performance.
Nicola Mining’s New Craigmont Copper Project is the company’s flagship property. The company is finalizing its 2023 plans for the first stage of exploration at the site. The first stage of exploration aims to assess the potential for copper mineralization within the property.
The company has been steadily improving its mining and milling operations over the past year. The resumption of operations at the New Craigmont Project is a significant milestone for the company, as it moves towards increasing its production capacity and efficiency. The mill upgrades and potential profit share agreements are positive indicators of the company’s growth potential.
The company’s focus on its flagship property is another positive indicator of its potential for growth. With plans for exploration in 2023, the company is actively pursuing opportunities to expand its mineral resources and increase its production capacity.
In conclusion, Nicola Mining Inc. has resumed operations at its New Craigmont Project, following mill upgrades and the commencement of milling operations with material supplied from Osisko Development Corp. The company is in discussions with multiple parties about future profit share agreements, considering increasing the size of its ball mill, and finalizing its 2023 exploration plans for the New Craigmont Copper Project. These developments are positive indicators of the company’s growth potential, and investors can look forward to further progress in the future.
Nicola Mining Inc. is a mining and exploration company that focuses on the exploration, development, and production of precious and base metals in Canada. The company operates multiple mining projects in British Columbia, including the New Craigmont Project, Thule Copper Property, and Merritt Mill Property.
The New Craigmont Project is the company’s flagship property, located near the town of Merritt in British Columbia. The site has a long history of copper production, with previous mining operations dating back to the 1960s. The property covers an area of approximately 5,588 hectares, and the company holds a 100% interest in the site.
The Thule Copper Property is another copper exploration project located in British Columbia. The property covers an area of approximately 4,056 hectares, and the company holds a 100% interest in the site. The property is located near the town of Princeton and has significant potential for copper mineralization.
The Merritt Mill Property is a processing plant located near the town of Merritt in British Columbia. The plant has a capacity of 200 tonnes per day and processes ore from the company’s mining projects in the region. The plant is an essential component of the company’s operations, providing a facility for processing and refining minerals.
Nicola Mining Inc. is committed to sustainable mining practices and operates with a focus on minimizing its environmental impact. The company has implemented various initiatives to reduce its carbon footprint, including the use of renewable energy sources and the adoption of energy-efficient technologies.
The company’s management team has extensive experience in the mining industry and is dedicated to achieving the company’s growth objectives. The team’s expertise includes exploration, development, and production, and they are committed to delivering value to shareholders.
In conclusion, Nicola Mining Inc. is a Canadian mining and exploration company that operates multiple mining projects in British Columbia. The company’s focus on sustainable mining practices and commitment to minimizing its environmental impact is admirable. The resumption of operations at the New Craigmont Project, along with the company’s plans for exploration and expansion, are positive indicators of its growth potential. Investors can look forward to further progress from the company in the future.