Gold Ore Processing from Talisker Resources Begins
Progress is being made at the Canadian resource company Nicola Mining (TSX.V: NIM, FSE: HLI, WKN: A14T7S) as they announce today the start of several important initiatives. In particular, CEO Peter Espig’s company reports that they have begun processing gold ore material from Talisker Resources at the company’s facility in Merritt!
In early April, Nicola and Talisker announced an agreement that initially involved transporting material from the Barlone project to the Merritt facility site. Now, the processing of this ore has begun under a profit-sharing agreement, similar to the one Nicola Mining has with Osisko Development, among others. Merritt is the only facility in the entire province of British Columbia that is permitted to accept gold and silver mill material from third parties across the province.
Peter Espig, CEO of Nicola Mining, commented: “We have seen a significant increase in operational activities, including our gravel pit and quarry, as well as the start of processing. Interestingly, there has been a rush of companies seeking to secure processing opportunities, which not only underscores the strength of our permit but also indicates increased mining activities in the province.”
Additionally, the company has conducted initial drilling as part of a 5,000-meter program on its New Craigmont copper project in the so-called WP Zone. The new targets have been geophysically analyzed using all available tools. All drill targets are virtually within throwing distance of the historic Craigmont copper mine, and once again, the old saying that new mines are found in the shadow of historic mine headframes could prove true. (We reported)
Conclusion: Nicola Mining is clearly on the move. The new exploration program could lead to a truly hot summer for the company, while Nicola simultaneously uses the Merritt gold processing plant as well as its gravel pit and quarry to generate cash flow. This likely sets the company apart from other Canadian “exploration companies.”
Conclusion: Nicola Mining is clearly on the move. The new exploration program could lead to a truly hot summer for the company, while Nicola simultaneously uses the Merritt gold processing plant as well as its gravel pit and quarry to generate cash flow. This likely sets the company apart from other Canadian “exploration companies.”
