Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announced the start of its 2026 exploration diamond drilling program at the New Craigmont Copper Project in British Columbia, targeting the “Jotun” anomaly identified through prior ZTEM surveying and supported by encouraging 2023 drill results. The program will include a deep drill hole designed to test a resistivity anomaly at approximately 775 meters, aiming to evaluate the potential for a porphyry-skarn system and expand understanding of mineralization, geological structures and alteration across a newly prioritized exploration zone.
The New Craigmont Project, which Nicola Mining owns 100% of, is a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith and adjacent to Highland Valley Copper, Canada’s largest copper mine. The company also owns a 100% mill and tailings facility near Merritt, British Columbia, and has signed Mining and Milling Profit Share Agreements with high-grade gold projects.
This drilling program is significant as it aims to unlock the potential of the Jotun anomaly, which could represent a significant copper discovery in a region already known for major copper production. Success could bolster Nicola Mining's position in the copper market, which is critical for renewable energy and electric vehicle infrastructure. The company's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes, adding flexibility to its operations.
For more details, the full press release is available at https://ibn.fm/Iyj8W. Investors can find the latest news and updates relating to NICM in the company’s newsroom at https://ibn.fm/NICM.
