Nicola Mining (TSX.V: NIM; Germany: HLIA) has presented the latest analysis results from the Dominion Gold Project. The company of CEO Peter Espig reports slot and rock samples from a total of five quartz veins, including three newly discovered (!) structures. The aim of the campaign was to test the veins exposed on the surface prior to the start of a planned bulk sample with regard to the upcoming extraction – and it was successful.
Because, as Nicola has just announced, the results – depending on the vein and sample position – range up to the three-digit gram-per-tonne range! At the same time, Nicola Mining announced that it will focus on bulk sample extraction and scaling of the project in 2026.
Nicola Mining: Samples Show Wide Range up to over 100 G/T Gold
The report focuses on chip samples from several exposures. For the Pit Vein, Nicola Mining reports, among other things, 55.172 g/t gold, 29.25 g/t gold and 113.512 g/t gold; 37.216 g/t gold (16 Vein) and 9.416 g/t gold (16 East Vein) were measured on other structures. In contrast, West Vein and Mid West Vein showed lower values in the currently sampled sections (including 0.526 g/t gold, 0.433 g/t gold). The company emphasizes that these samples depict high-grade areas of the veins and are not representative of the total material volume of a bulk sample. A five-meter section of the Pit Vein could not be sampled during the recent inspection because it was under water.
According to company information, all veins are open in all directions. The newly identified 16 East Vein was also traced on the surface over around 40 meters and also remains open. The results primarily serve to sharpen the focus before the start of the bulk sample; the spatial continuity and thickness of the mineralization will be further investigated in the next work phases.
New Vein Structures and Project Status at Nicola Mining
In addition to the known structures, Nicola Mining has mapped three newly discovered veins – West Vein, Mid West Vein and 16 East Vein. These additions expand the vein network of the Dominion Gold Project and provide clues for further test work. According to the agreement, Nicola currently holds a 75% economic interest in the project and can later acquire 100%.
The samples were taken by the mine management on October 6th and 7th and taken as 2 – 3.5 kilogram mixed samples. An additional overburden sample is not included in the presentation of results. According to CEO Peter Espig, the analyses confirm the expected high grades in individual vein sections; the scaling through new vein discoveries was unexpected. For 2026, management is anticipating bulk sample extraction and further development of the project scope.
Next Steps: Bulk Sample 2026 and Adjustments to the Processing Side
Operationally, Nicola Mining is focusing on the 2026 bulk sample campaign, which will better quantify the metallurgical performance, grade variability and potential scaling. At the same time, the company announced that it had given Talisker Resources Inc. a 60-day notice period; after that, the Merritt plant will no longer accept ore from Talisker for processing. This adjustment affects the short-term utilization of the processing plant and can free up capacities for its own or other contractual campaigns.
The next steps for the Dominion Gold Project are the prioritization of the veins (including Pit Vein and 16 trends), the validation of continuity via additional exposures and the planning of the bulk sample. The previously reported high grades of individual vein sections and the openness of the structures provide the framework in which Nicola Mining wants to continue the operative sequence – from further surface work to mass sampling.
