Nicola Mining Begins Gold and Silver Processing, Prepares for Multi-Source Production Expansion
TL;DR
Nicola Mining's upgraded $33 million Merritt Mill in British Columbia is the province's only facility permitted to accept third-party precious metal feed.
Nicola Mining is processing high-grade gold and silver ore from Talisker Resources using gravity and flotation processes in their fully permitted mill.
Nicola Mining's transition to a steady-state producer with long-term partnerships brings economic benefits to the region and creates sustainable mining practices for tomorrow.
Nicola Mining appointed Vicente García as Senior Geologist and is ramping up exploration at the New Craigmont Copper Project, showcasing innovation and growth in the mining industry.
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Nicola Mining Inc. has commenced processing high-grade gold and silver ore from Talisker Resources at its upgraded $33 million Merritt Mill in British Columbia, marking a significant milestone in the company's production strategy. As the province's only facility permitted to accept third-party precious metal feed, the mill is expected to reach full capacity by the third quarter of 2025.
The company is actively pursuing an expansion of its mill throughput capabilities through a permit amendment. Additionally, Nicola is preparing to receive ore from Blue Lagoon Resources' Dome Mountain Mine and is advancing a bulk sample at its Dominion Creek project, where it holds a 75% interest.
Concurrent with its processing initiatives, Nicola is ramping up exploration at the New Craigmont Copper Project and has strengthened its technical team by appointing Vicente García as Senior Geologist. CEO Peter Espig highlighted the company's strategic transition to becoming a steady-state producer, emphasizing the value of its fully permitted infrastructure and long-term industry partnerships.
The development represents a significant step for Nicola Mining, as the company leverages its unique mill facility to create multiple revenue streams and establish itself as a flexible processing partner in the mining sector. By diversifying its ore processing capabilities and partnerships, Nicola is positioning itself to capitalize on opportunities in gold, silver, and potentially copper production.
Curated from InvestorBrandNetwork (IBN)
