Nicola Mining Inc. Advances in Precious Metals Production with Merritt Mill Facility
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 taken a significant step forward in its operational growth by beginning the processing of high-grade gold and silver ore at its Merritt Mill facility in British Columbia. This development comes at a time when the value of precious metals is on the rise, positioning Nicola Mining for steady production and long-term success. The company anticipates processing 60,000 tons of ore and producing 21,000 ounces of gold-equivalent concentrate annually at full production capacity. This operation not only generates accessible and reliable revenue for Nicola Mining and its British Columbian partners but also supports the company's copper, gold, and silver projects across the province.
Peter Espig, CEO of Nicola Mining, expressed enthusiasm about the company's transition into a steady, long-term producer, a rare achievement for junior miners. Espig highlighted the enhanced efficiencies in British Columbia's permitting process for underground mining operations, which are known for their minimal environmental impact. The strategic importance of Nicola's fully permitted mill was also emphasized, alongside the company's efforts to bolster its geological team and ramp up exploration activities. These initiatives are focused on the New Craigmont Project and the fully permitted silver mine at Treasure Mountain, signaling an exciting phase of exploration and production for the company.
The Merritt Mill facility stands out as the only permitted third-party processing facility in British Columbia capable of processing both gold and silver mill feed through gravity and flotation processes. Nicola Mining's ownership of the New Craigmont Copper Project and the Treasure Mountain Silver Project further underscores its commitment to expanding its footprint in the mining industry. With these assets, Nicola Mining is well-positioned to capitalize on the current precious metal prices and contribute to the economic development of British Columbia.
For more information on Nicola Mining Inc. and its projects, visit https://www.NicolaMining.com. Additional updates and news relating to Nicola Mining can be found at https://ibn.fm/HUSIF.
Curated from InvestorBrandNetwork (IBN)
