Nicola Mining Finalizes Preparations for Gold and Silver Extraction at Dominion Project
Nicola Mining is set to begin gold and silver extraction at its high-grade Dominion Project in July, processing material at the only fully permitted mill in British Columbia, which could drive future cash flow growth.
Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has announced it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project in British Columbia. Mill feed extraction is expected to begin during the first week of July, with material from the high-grade project to be processed at the company’s wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material from across the province.
In preparation for production, Nicola has completed several key infrastructure and operational initiatives, including installation of a 14-person operational camp, acquisition of mining equipment, and hiring of operational crews and contractors. The company also strengthened its reclamation profile with an additional $251,000 payment toward reclamation bonding requirements. Management said Dominion has demonstrated strong mineralization with vein systems open in all directions and grades of up to 113 grams of gold per tonne, highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth.
The Dominion project is a key asset for Nicola Mining, which owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Highland Valley Copper, Canada’s largest copper mine. The company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
This announcement is significant because it marks a step toward operational production for the junior mining company, which could generate revenue and enhance its financial standing. The ability to process material from the high-grade Dominion project at the Merritt Mill provides a strategic advantage, as it is the only fully permitted mill in British Columbia for gold and silver processing. This could position Nicola to capitalize on the current precious metals market and attract further investment.
For more details, the full press release is available at https://ibn.fm/AWGFu. The latest news and updates relating to NICM are also available in the company’s newsroom at https://ibn.fm/NICM.