Nicola Mining Secures Multi-Year Exploration Permit for Treasure Mountain Silver Project
TL;DR
Nicola Mining secures a multi-year exploration permit for the Treasure Mountain Silver Project, offering investors a strategic advantage in a rising silver market.
The MYAB Permit allows Nicola Mining to conduct 30 drill holes, trenching, and geophysical surveys over five years, enhancing exploration and mining potential.
Nicola Mining's expanded permits and exploration activities contribute to local economic growth and the sustainable development of British Columbia's mining sector.
Discover how Nicola Mining's new permits unlock the potential of the Treasure Mountain Silver Project, blending history with modern exploration techniques.
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Nicola Mining Inc. has achieved a significant milestone by securing a multi-year area-based exploration permit for its wholly owned Treasure Mountain Silver Project in British Columbia. This permit complements the previously granted 10-year mining lease extension under Permit M-239, marking a pivotal step forward for the company's exploration and mining endeavors. The newly acquired MYAB Permit authorizes Nicola Mining to conduct a wide range of exploration activities over the next five years, including drilling up to 30 holes, trenching, trail building, and geophysical surveys. These activities are crucial for assessing the project's potential and advancing it towards production.
CEO Peter Espig highlighted the significance of these permits, stating they position the company to leverage the current strong silver prices to revitalize the Treasure Mountain Silver Project, a historically significant asset. The Treasure Mountain Silver Project, encompassing 30 mineral claims and a mineral lease over an area exceeding 2,200 hectares, is a key asset in Nicola Mining's portfolio. The company also owns the New Craigmont Project, a high-grade copper property adjacent to Canada's largest copper mine, Highland Valley Copper. With a fully permitted mill capable of processing both gold and silver, Nicola Mining is well-equipped to advance its projects and contribute to the mining sector's growth.
This development is not only a testament to Nicola Mining's commitment to expanding its exploration and mining operations but also reflects the broader potential of British Columbia's mining sector. The permit enables the company to explore and potentially unlock the value of the Treasure Mountain Silver Project, contributing to the local economy and the global silver market. As silver prices remain strong, Nicola Mining's strategic positioning and operational readiness could herald a new chapter of growth and success for the company and its stakeholders. The company's ability to conduct comprehensive exploration activities under this permit represents a critical advancement in bringing this historically significant silver project closer to production.
Curated from InvestorBrandNetwork (IBN)
