Curated News
By: NewsRamp Editorial Staff
August 31, 2026
Nicola Mining Hits High Gold-Silver Grades in Stockpile Assays
TLDR
- Nicola Mining's stockpiles assay 2.83 g/t gold and 753.41 g/t silver, potentially boosting profits through its Merritt Mill.
- Nicola Mining plans lab simulations to maximize recovery from stockpiles, though results are variable and not fully representative.
- Nicola Mining's processing of stockpiles could create jobs and support local economy in Merritt, British Columbia.
- Small samples from Nicola Mining's stockpiles show unusually high silver grades, hinting at significant hidden value.
Impact - Why it Matters
These assay results could signal a significant revenue opportunity for Nicola Mining, as the high-grade material from the Red Eye stockpiles may be processed at its Merritt Mill, potentially boosting production and profitability. For investors, positive outcomes from the upcoming lab simulations could enhance the company's near-term cash flow and validate its profit-share strategy. This development underscores the value of secondary resources and the importance of efficient processing in the mining industry.
Summary
Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) has announced promising initial assay results from two mill feed stockpiles sourced from Red Eye Resources Ltd., under a profit-share agreement signed in August. The samples, totaling 47.82 kilograms from stockpiles estimated at approximately 1,200 and 300 tonnes, yielded an overall weighted average grade of 2.83 grams per tonne gold and 753.41 grams per tonne silver. These high-grade results highlight the potential value of the material, though the company cautions that the findings are not necessarily representative of the entire stockpiles due to inaccessibility of buried material, subsequent additions to the larger pile, and high variability in assay results.
Nicola Mining plans to conduct laboratory simulations to maximize recovery and evaluate the feasibility of processing the material at its wholly owned Merritt Mill, located near Merritt, British Columbia. The mill is fully permitted and can process gold and silver feed via gravity and flotation processes. In addition to this, Nicola 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, and the Treasure Mountain Property covering over 2,200 hectares with 30 mineral claims and a lease.
This news was disseminated by MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors, and is part of the Dynamic Brand Portfolio @ IBN. For more details, visit the full press release at https://ibn.fm/JrBLd.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Nicola Mining Hits High Gold-Silver Grades in Stockpile Assays
