Nicola Mining Reports High-Grade Gold Discoveries at Dominion Project in Quebec

Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has released final assay results from chip sampling at its Dominion Gold Project in Quebec, confirming multiple new high-grade vein discoveries and strong mineralization at the Pit Vein. The results represent a significant advancement in understanding the project's geological potential and mineral endowment. The company reported grades reaching 113.51 grams per tonne gold over 1.0 meter, along with additional intercepts of 55.17 g/t and 37.2 g/t gold from newly exposed areas, demonstrating the presence of substantial high-grade mineralization throughout the property.

The discovery of three previously unknown veins—the West, Mid West, and 16 East Veins—marks a major expansion of the project's mineralized system. All three veins remain open in all directions, suggesting considerable potential for further resource growth through additional exploration. Particularly noteworthy is the 16 East Vein, which has been traced for 40 meters at surface, indicating a substantial mineralized structure that could host significant gold resources. These findings substantially enhance the project's geological model and provide multiple new targets for future drilling campaigns.

Peter Espig, CEO of Nicola Mining, expressed strong optimism about the results, stating they "confirm what we had hoped for" and revealed "unanticipated exciting revelations of Dominion's long-term potential." The company holds a 75% economic interest in the Dominion Gold Project, positioning it to benefit significantly from any future development. The high-grade nature of the discoveries, particularly the 113.51 g/t gold intercept, places the project among the more promising gold exploration targets in Quebec's established mining jurisdiction.

For investors and the mining industry, these results carry important implications. The confirmation of multiple high-grade veins suggests the Dominion Project may host a more extensive mineralized system than previously recognized. The company's plans to advance bulk sampling and further define project scale in 2026 indicate a systematic approach to resource development. Additional information about the company's progress is available through their newsroom at https://ibn.fm/HUSIF, while the full details of the recent announcement can be found at https://ibn.fm/lkFXs.

The discovery of new veins that remain open in all directions provides substantial upside potential for resource expansion. In the current gold market environment, where high-grade deposits are increasingly scarce, these results position Nicola Mining as a company with significant exploration upside. The proximity to established mining infrastructure in Quebec further enhances the project's development potential. For the junior mining sector, successful discoveries like these demonstrate the continued potential for significant mineral finds in well-established mining districts, encouraging continued investment in exploration activities.