Aufrufe: 13
The Company has now garnered two very significant permits for its gravel / rock quarry and cement operations:
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Garnering all required permits to operate and expand gravel pit operations, coupled with the installation of an underground culvert allowing for aggregate to be transferred from opposite side of the highway, has significant long term implications:
Teck Resources' Highland Valley Copper (HVC) has received permit approval from the British Columbia Ministry of Mines for its planned $2.5 billion expansion project. The approval marks a major milestone for Canada's largest copper operations. LNSS has secured contracts to supply gravel and cement for the project, which will be sourced from Nicola's gravel pit and ready-mix cement plant.
LNSS has secured contracts with the Ministry of Transportation and various private sector entities that will be sourced from the site.
Potentially extends gravel pit operations for decades
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Peter Espig, Chief Executive Officer, commented, "Though Nicola continues to solidify itself as a regional milling partner and operator of the Dominion Gold (Goldkurs) Project, which we will provide updates soon, we highlight an emphasis on operational revenues as the fuel of expansion. We recognize that the rock quarry, gravel pit and cement ready-mix plant are not our long-term core revenue generators; however, it all contributes to a solid bottom line. In addition, these operations are a catalyst to work closely with First Nations, local communities, and numerous infrastructure projects.
Qualified Person
The scientific and technical disclosure included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President, Exploration for the Company.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Office Phone: (604) 649-0080
Email: info@nicolamining.com
Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
[1] Nicola Commences Construction of Cement Ready Mix Plant: Link
[2] May 2, 2022, News Release: Link
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268322
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