Nicola Mining Inc. Secures Multi-Year Exploration Permit for Treasure Mountain Silver Project
TL;DR
Nicola Mining secures a multi-year exploration permit for the Treasure Mountain Silver Project, offering investors a strategic advantage in a rising silver market.
The MYAB Permit allows Nicola Mining to conduct 30 drill holes, trenching, and geophysical surveys over five years, enhancing exploration and mining potential.
Nicola Mining's expanded permits and exploration activities contribute to local economic growth and the sustainable development of British Columbia's mining sector.
Discover how Nicola Mining's new permits unlock the potential of the Treasure Mountain Silver Project, blending history with modern exploration techniques.
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Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has reached a notable achievement by securing a multi-year area-based exploration permit (MX-15-121) for its wholly owned Treasure Mountain Silver Project in British Columbia. This permit, alongside the previously granted 10-year mining lease extension under Permit M-239, represents a crucial development in the company's exploration and mining efforts.
The MYAB Permit allows Nicola Mining to undertake a variety of exploration activities over the next five years, such as drilling up to 30 holes, trenching, trail building, and geophysical surveys. These operations are essential for evaluating the project's viability and moving it closer to production. Peter Espig, the CEO, emphasized the importance of these permits, noting they enable the company to capitalize on the current favorable silver prices to rejuvenate the Treasure Mountain Silver Project, an asset with historical significance.
Covering 30 mineral claims and a mineral lease over more than 2,200 hectares, the Treasure Mountain Silver Project is a cornerstone of Nicola Mining's portfolio. The company also possesses the New Craigmont Project, a high-grade copper property near the Highland Valley Copper, Canada's largest copper mine. With a fully permitted mill ready to process gold and silver, Nicola Mining is in a strong position to progress its projects and support the mining industry's expansion.
This milestone underscores Nicola Mining's dedication to enhancing its exploration and mining activities and highlights the potential of British Columbia's mining sector. The permit facilitates the exploration and possible realization of the Treasure Mountain Silver Project's value, benefiting the local economy and the global silver market. Given the robust silver prices, Nicola Mining's strategic approach and operational capabilities may signal a period of growth and achievement for the company and its stakeholders.
Curated from InvestorBrandNetwork (IBN)
