Nicola Mining and High Range Exploration Prepare for Bulk Sample Extraction

Mining Now Moves Closer

Nearly a year ago, on June 27, 2023, Nicola Mining (TSX.V: NIM, FSE: HLI, WKN: A14T7S) received a letter of support from First Nations for the planned extraction of a 10,000-ton bulk sample of rock from the Dominion Creek project. This extraction is now moving closer, as Nicola Mining has transferred funds to High Range Exploration to accelerate the necessary road construction work.

High Range Exploration was transferred 50,000 Canadian dollars to expedite the road work on the project. This is a prerequisite for the extraction and shipment of the bulk sample from the high-grade gold/silver project following the requested ministerial approval.

A successful extraction and processing of the bulk sample would be an important step forward for Dominion Creek, which is 75 percent owned by Nicola Mining, as a 9.7-kilogram sample taken directly from the surface in October 2020 contained impressive 62.1 g/t gold and 320 g/t silver. Additionally, 23.4% lead and 12.4% zinc were detected in the rock.

High Range Exploration and Nicola Mining aim to repeat and confirm this success with the bulk sample. Due to COVID-related restrictions and technical adjustments made in the meantime, the extraction of the bulk sample had been delayed. Now, however, the way is clear to begin the corresponding work.

Nicola Mining is confident that the work, scheduled to begin in early June, will lead to success, as chip samples taken from the surface outcrop of the vein in October 2020 also yielded high-grade gold and silver values.

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