Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) reported final assay results from chip sampling at its Dominion Gold Project in Quebec, confirming multiple new high-grade vein discoveries and strong mineralization at the Pit Vein. The results, which include grades up to 113.51 g/t gold over 1.0 meter, along with additional intercepts of 55.17 g/t and 37.2 g/t gold from newly exposed areas, underscore the project's significant gold potential.
The company identified three previously unknown veins—the West, Mid West, and 16 East Veins—all of which remain open in all directions. The 16 East Vein has been traced for 40 meters at surface, suggesting substantial room for expansion. CEO Peter Espig stated that the results “confirm what we had hoped for” and revealed “unanticipated exciting revelations of Dominion’s long-term potential.” Nicola holds a 75% economic interest in the Dominion Gold Project and plans to advance bulk sampling and further define the project scale in 2026.
The Dominion Gold Project is located in Quebec, a province known for its rich mining history and favorable geology. The high-grade assays from the Pit Vein and the discovery of multiple new veins highlight the project's potential to become a significant gold resource. The fact that these veins are open in all directions indicates that further exploration could significantly increase the project's size and grade.
Nicola Mining is a junior mining company that maintains a 100% owned mill and tailings facility near Merritt, British Columbia. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects. Its fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. In addition to the Dominion Project, Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares 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 over 2,200 hectares.
The announcement is significant for investors as it demonstrates Nicola's ability to discover and delineate high-grade gold mineralization. The new vein discoveries suggest that the Dominion project could be much larger than previously understood, potentially adding substantial value to the company. The planned bulk sampling and further definition work in 2026 will be critical to assessing the project's economic viability.
For more details, the full press release is available at https://ibn.fm/lkFXs. The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF.
