Nicola Mining (TSX-V:NIM) is in the final stages of preparing to begin gold and silver extraction operations at the Dominion Gold Project in Canada.
Material extracted from Dominion will be processed at the company’s Merritt Mill, which is the only fully permitted milling facility in British Columbia authorised to process gold and silver material sourced from throughout the province.
CEO Peter Espig says Dominion represents a “compelling” gold asset that is believed to possess near-term production potential and long-term value for the company.
“The project has consistently demonstrated robust mineralisation, with vein systems remaining open in all directions and returning grades of up to 113 grams per tonne gold,” Espig says.
“As we transition toward extraction, we are particularly excited by the opportunity to establish Dominion as a meaningful and sustainable source of premium-grade mill feed for our Merritt Mill operations.
“Concurrently, we continue to work closely with Blue Lagoon Resources (CSE:BLLG), which continues to achieve important production milestones while maintaining strong operational discipline and grade control.”
Dominion’s key initiatives
In anticipation of starting production, Nicola Mining has advanced multiple key infrastructure, equipment, and operational initiatives, while strengthening its reclamation profile through an additional C$251,000 ($253,202) payment toward reclamation bonding requirements.
The company has also completed a final payment for the purchase and installation of a fully furnished 14-person operational company, an acquisition of three excavators, and a high-performance rock drill attachment.
Nicola Mining has also secured a haul truck, hired operational crews, and engaged with a key mining contractor.
The Dominion Creek Property comprises nine mineral claims totalling 1,058 hectares.
Nicola Mining is a Canadian junior mining company listed on the Nasdaq, the TSX Venture Exchange, and the Frankfurt Exchange.
Write to Aaliyah Rogan at Mining.com.au
Images: Nicola Mining
