Nicola Mining Commences High-Grade Gold and Silver Ore Processing at Merritt Mill
TL;DR
Nicola Mining Inc. leverages its Merritt Mill facility to process high-grade gold and silver ore, positioning itself as a steady producer in the precious metals market.
Nicola Mining Inc. processes 60,000 tons of ore annually at its Merritt Mill, producing 21,000 ounces of gold-equivalent concentrate, showcasing its operational efficiency.
Nicola Mining Inc. supports British Columbian partners and sustains local projects, contributing to regional economic growth and minimizing environmental impact through efficient mining practices.
Nicola Mining Inc. is ramping up exploration at its New Craigmont and Treasure Mountain projects, highlighting its potential in copper and silver mining.
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Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has initiated the processing of high-grade gold and silver ore at its Merritt Mill facility, a move that underscores the company's transition into a steady producer within the precious metals sector. With the capacity to process 60,000 tons of ore and produce 21,000 ounces of gold-equivalent concentrate annually at full production, the Merritt Mill is set to become a cornerstone of Nicola's operations, providing reliable revenue and supporting its copper, gold, and silver projects across British Columbia.
Peter Espig, CEO of Nicola Mining, highlighted the significance of this development, noting the rarity of junior miners reaching such production milestones. Espig also pointed to improved efficiencies in British Columbia's permitting process for underground mining operations, which are known for their minimal environmental impact. The company is not only focusing on production but is also expanding its geological team and exploration activities, particularly at the New Craigmont Project and the Treasure Mountain silver mine.
The Merritt Mill stands out as the only permitted third-party processing facility in British Columbia capable of handling both gold and silver mill feed through gravity and flotation processes. This unique position, combined with Nicola's ownership of high-grade projects like the New Craigmont Copper Project and the Treasure Mountain Silver Project, positions the company for significant growth in the mining industry. The processing facility's ability to handle multiple precious metals through different extraction methods provides operational flexibility and competitive advantages in the regional mining landscape.
The transition to active production represents a critical inflection point for Nicola Mining, moving from exploration and development to revenue generation. The company's strategic focus on both production and continued exploration creates a balanced approach to growth, leveraging existing infrastructure while pursuing new opportunities. The combination of processing capabilities and high-grade project ownership establishes Nicola Mining as an integrated player in British Columbia's mining sector with multiple pathways for value creation and operational expansion.
Curated from InvestorBrandNetwork (IBN)
