Nicola Mining Secures Five-Year Extensions on Six Mining Leases for New Craigmont Property
TL;DR
Nicola Mining secured five-year mining lease extensions, positioning it advantageously near Canada's largest copper mine for potential accelerated operations.
The extensions cover 10,800 hectares and existing permits streamline the transition from exploration to operations while maintaining environmental commitments.
This development supports sustainable copper production, essential for green technologies and economic growth in local communities.
Nicola Mining's New Craigmont was Canada's highest-grade historic copper mine, now revived with extended leases for modern exploration.
Found this article helpful?
Share it with your network and spread the knowledge!
Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has received six mining lease extensions for five years from the Ministry of Mining and Critical Minerals, covering its wholly owned New Craigmont Property adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The extensions, numbered 237642 to 237647, secure tenure across the company's 10,800-hectare project, which represents the site of Canada's highest-grade historic copper mine.
CEO Peter Espig stated that these extensions, combined with existing permits, could expedite the company's transition from exploration toward potential operations. Nicola Mining continues porphyry-focused exploration while maintaining its environmental and consultation commitments. The strategic location adjacent to Highland Valley Copper provides significant geological advantages and potential operational synergies in one of Canada's most productive copper regions.
The New Craigmont Project covers an area of 10,913 hectares along the southern end of the Guichon Batholith, a geological formation known for its mineral richness. The five-year lease extensions provide Nicola Mining with long-term security and stability for its exploration and development activities, allowing for more comprehensive planning and investment in the property's potential.
For investors seeking additional information, the latest news and updates relating to HUSIF are available in the company's newsroom at https://ibn.fm/HUSIF. The mining lease extensions represent a significant milestone for Nicola Mining as it advances one of Canada's most promising copper properties toward potential production.
Curated from InvestorBrandNetwork (IBN)
