Curated News
By: NewsRamp Editorial Staff
June 26, 2026

Nicola Mining Confirms Porphyry Copper at Jotun Target

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Original Source

TLDR

  • Nicola Mining's first drill hole at Jotun confirms porphyry copper system, giving early mover advantage in British Columbia.
  • The 840-meter drill hole intersected hydrothermal alteration and copper mineralization, validating the exploration model for future targeting.
  • Advancing copper exploration supports the transition to clean energy, contributing to a sustainable future.
  • A newly identified Jotun target shows bornite-bearing veins, a copper sulfide mineral often called peacock ore.

Impact - Why it Matters

This discovery is important because it validates Nicola Mining's exploration model and identifies a new priority target for copper, a critical metal for clean energy technologies. As global demand for copper rises due to electrification and renewable energy infrastructure, successful development of the New Craigmont Project could contribute to supply stability and create economic opportunities for British Columbia. For investors, this news signals a potential value driver, as positive drill results often lead to increased resource estimates and further exploration funding.

Summary

Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has announced a significant breakthrough at its New Craigmont Copper Project in British Columbia. The company's first drill hole at the newly identified Jotun target, reaching 840 meters, has confirmed geological characteristics consistent with a prospective porphyry copper system. The drill hole intersected multiple hydrothermal alteration styles, structurally controlled native copper mineralization, and bornite-bearing veins, supporting the company's evolving exploration model. This discovery positions Jotun as a priority target for additional drilling, marking a key milestone in Nicola's exploration campaign.

In addition to the drilling, Nicola completed a property-wide Mobile Magnetotelluric geophysical survey and an extensive Mobile Metal Ion soil sampling program over the Draken target. These integrated datasets, including drilling, geochemical, and geophysical information, will help refine future drill targets and support an expanded exploration program planned for 2027. Further geochemical analyses from the Jotun drill hole are expected later this year, providing additional insights into the copper potential of the area. The company's fully permitted mill, located near Merritt, British Columbia, can process both gold and silver feed, complementing its copper-focused exploration.

Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property spanning 10,913 hectares adjacent to Highland Valley Copper, Canada's largest copper mine. The company also holds the Treasure Mountain Property, covering over 2,200 hectares. With the positive results from Jotun, Nicola is well-positioned to advance its copper exploration in a region known for significant mining operations. Investors can follow the latest updates on NICM in the company's newsroom, and the full press release is available at https://nnw.fm/CQfwb. This article has been disseminated on behalf of Nicola Mining Inc. and may include paid advertising.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Nicola Mining Confirms Porphyry Copper at Jotun Target

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