Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) 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, while highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth.
The news is significant for the mining industry and investors as it marks a step forward for Nicola Mining, a junior mining company that maintains a 100% owned mill and tailings facility near Merritt, British Columbia. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects. Its fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Dominion Project, with its high-grade mineralization, could provide a steady stream of feed for the mill, potentially generating revenue and strengthening the company’s financial position.
For the broader industry, this development highlights the potential of high-grade gold projects in British Columbia and the importance of fully permitted milling facilities in the region. It also underscores the trend of junior mining companies advancing projects toward production to capitalize on precious metals prices.
For more details, the full press release is available at https://ibn.fm/AWGFu. The latest news and updates relating to NICM can be found in the company’s newsroom at https://ibn.fm/NICM.
