Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has announced encouraging results from its maiden drill hole at the Jotun target within the New Craigmont Copper Project in British Columbia, confirming geological features that align with a prospective porphyry copper system. The 840-meter hole intersected multiple hydrothermal alteration styles and structurally controlled native copper mineralization, including bornite-bearing veins, supporting the company's evolving exploration model and designating Jotun as a priority target for further drilling.
The company also completed a property-wide Mobile Magnetotelluric geophysical survey and an extensive Mobile Metal Ion soil sampling program over the Draken target as part of its 2026 exploration campaign. Nicola stated that the integrated drilling, geochemical, and geophysical data will refine future drill targets and support an expanded exploration program in 2027. Additional geochemical analyses from the Jotun drill hole are expected later this year.
The New Craigmont Project covers 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. Nicola also owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver mill feed via gravity and flotation processes. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects.
This development is significant for Nicola Mining as it de-risks the Jotun target and provides a clear path toward resource definition. The confirmation of porphyry-style mineralization at Jotun could enhance the project's overall value, especially given its proximity to existing infrastructure and the Highland Valley Copper mine. For investors, these results highlight the potential of the New Craigmont Project to host a significant copper deposit, aligning with growing demand for copper in electrification and renewable energy sectors.
To view the full press release, visit https://nnw.fm/CQfwb. For the latest news and updates relating to NICM, see the company's newsroom at https://nnw.fm/NICM.
