Nicola Mining Receives Positive Silver and Gold Initial Assay Results from Red Eye Project
Original announcement by tmx on
- Company
- Nicola Mining Inc.
- Ticker
- NIM
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Metallurgy, Drill results
- Extracted
- 2026-09-14 14:24:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Nicola Mining has released initial assay results from surface sampling of two mill feed stockpiles at the Red Eye Project. The results include a high-grade silver intercept of 4817.38 ppm in the large stockpile, though the company notes the limited sample size and surface collection method introduce uncertainty.
Reasoning: Initial surface sampling of stockpiles shows high-grade silver (4817 ppm) in one sample, but the small sample mass and surface-only collection limit geological confidence.
Positive factors
- High-grade silver intercept in large stockpile
- QA/QC disclosed with accredited lab and QP sign-off
Negative factors
- Surface sampling only
- High variability in results
- Limited sample size (47.82 kg total)
- Results not representative of entire volume
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 18
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions Paragon Geochemical laboratory, an ISO 17025:2017 accredited facility.
Evidence · text
“Paragon Geochemical laboratory in Surrey BC, an independent ISO 17025:2017 accredited geochemical testing laboratory.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Samples were collected from the surface of stockpiles, providing only surface grades without true width or depth context.
Evidence · text
“The samples were collected from the surface of the piles to best represent the accessible material.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 10 distinct composites were tested
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Metallurgical Results (18)
Fact 1goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-01 Small Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.224”
Context: 3.57
Fact 2silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-01 Small Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Moderate silver grade from surface stockpile sample.
Evidence · table
“242.87”
Context: 3.57
Fact 3goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-02 Small Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.375”
Context: 5.46
Fact 4goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-03 Small Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Very low grade gold from surface stockpile sample.
Evidence · table
“0.096”
Context: 5.84
Fact 5goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-04 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: High grade gold intercept from large stockpile surface sample.
Evidence · table
“18.148”
Context: 6.65
Fact 6silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-04 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Exceptional silver grade intercept from large stockpile surface sample.
Evidence · table
“4817.38”
Context: 6.65
Fact 7goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-05 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.182”
Context: 3.55
Fact 8silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-05 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low silver grade from surface stockpile sample.
Evidence · table
“70.44”
Context: 3.55
Fact 9goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-06 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.646”
Context: 5.85
Fact 10silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-06 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Moderate silver grade from surface stockpile sample.
Evidence · table
“180.19”
Context: 5.85
Fact 11goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-07 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.698”
Context: 3.84
Fact 12silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-07 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Moderate silver grade from surface stockpile sample.
Evidence · table
“219.96”
Context: 3.84
Fact 13goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-08 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.234”
Context: 3.47
Fact 14silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-08 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low silver grade from surface stockpile sample.
Evidence · table
“29.26”
Context: 3.47
Fact 15goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-09 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Very low grade gold from surface stockpile sample.
Evidence · table
“0.103”
Context: 5.26
Fact 16silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-09 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low silver grade from surface stockpile sample.
Evidence · table
“18.11”
Context: 5.26
Fact 17goldView all detailsHide details
Identity
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-10 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Low grade gold from surface stockpile sample.
Evidence · table
“0.631”
Context: 4.33
Fact 18silverView all detailsHide details
Identity
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- NIM
Test Work
- Sample
- RE-10 Large Stockpile
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-31T00:00:00.000Z
Reasoning: Moderate silver grade from surface stockpile sample.
Evidence · table
“180.05”
Context: 4.33
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.