# Nicola Mining Commences First-Ever Drill Program at Treasure Mountain's MB Zone and Reports Intense Mineralization Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258 Original source: https://orestocks.com/company/NIM.V/press-releases/5745976949641198 Publisher: orestocks Original announcement: 2026-09-18T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Nicola Mining Inc. - Ticker: NIM - Exchange: Unavailable - Region: British Columbia - Primary commodity: Silver - Secondary commodities: Lead, Zinc, Copper, Gold - Document categories: Drill results, Other - Extracted: 2026-09-18 13:49:44 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Nicola Mining has commenced its first-ever diamond drilling program at the MB Zone of the Treasure Mountain project in British Columbia. The program targets a previously undrilled area with high-grade silver-lead-zinc-copper-gold potential, supported by encouraging historical surface sampling and visual core observations. Reasoning: The company has transitioned from asset preservation to active exploration at a known silver-lead-zinc-copper-gold target, with high-grade surface indicators and encouraging visual core observations. - Positive factor: Commencement of first-ever drill program at a previously undrilled zone \(MB Zone\) - Positive factor: High-grade historical surface sampling results \(up to 1,300 g/t Ag\) - Positive factor: Visual confirmation of intense mineralization in first drill core - Negative factor: Assay results for the current drilling program are still pending Facts used in scoring: 11 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program targets the MB Zone, a previously undrilled area northwest of the historical mine. Evidence · text > MB target area, a previously undrilled zone approximately 1 km northwest of the historical Treasure Mountain silver mine **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Historical surface sampling returned exceptionally high silver grades \(1,300 g/t Ag\). Evidence · text > 1,300 g/t Ag **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Person \(Will Whitty, P.Geo.\) and mentions submission to AGAT Laboratories. Evidence · text > reviewed and approved by Will Whitty, P.Geo., Vice President of Exploration for the Company and a Qualified Person ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-0) silver #### Identity - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 813 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: sample\_2100151 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High-grade historical surface sample. - Positive factor: High grade silver Evidence · text > 813 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-1) gold #### Identity - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 0.52 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: sample\_2100151 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Trace gold in historical sample. Evidence · text > 0.52 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-2) zinc #### Identity - Commodity: zinc - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 19 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100151 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Significant zinc in historical sample. Evidence · text > 19% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-3) copper #### Identity - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 4.66 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100151 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High copper in historical sample. Evidence · text > 4.66% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-4) silver #### Identity - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 105 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: sample\_2100152 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Moderate silver in historical sample. Evidence · text > 105 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-5) copper #### Identity - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 1.18 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100152 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Copper in historical sample. Evidence · text > 1.18% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-6) silver #### Identity - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 1300 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: sample\_2100207 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Exceptional silver grade in historical sample. - Positive factor: Bonanza grade silver Evidence · text > 1,300 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-7) gold #### Identity - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 2.59 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: sample\_2100207 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Strong gold in historical sample. Evidence · text > 2.59 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-8) copper #### Identity - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 1.16 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100207 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Copper in historical sample. Evidence · text > 1.16% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-9) lead #### Identity - Commodity: lead - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 27.4 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100207 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High lead in historical sample. Evidence · text > 27.4% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-commences-first-ever-drill-program-at-treasure-mountain-s-mb-zone--efe0e69a-e9da-4eed-9477-539a23fc3258#fact-drill-facts-10) zinc #### Identity - Commodity: zinc - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NIM #### Geometry - Grade: 27.2 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: sample\_2100207 #### Location - Location: MB Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High zinc in historical sample. Evidence · text > 27.2% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company owns 100% of the New Craigmont Project, a high-grade copper property covering more than 10,800 hectares alon" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.