# Nicola Mining Receives Positive Silver and Gold Initial Assay Results from Red Eye Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7 Original source: https://money.tmx.com/en/quote/NIM/news/7624963992146197/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e Publisher: tmx Original announcement: 2026-08-31T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: High-grade silver intercept in large stockpile - Positive factor: QA/QC disclosed with accredited lab and QP sign-off - Negative factor: Surface sampling only - Negative factor: High variability in results - Negative factor: Limited sample size \(47.82 kg total\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Multi-Domain Tested** Polarity: positive Definition: 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 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-0) gold #### 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 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-1) silver #### 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 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-2) gold #### 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 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-3) gold #### 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 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-4) gold #### 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 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-5) silver #### 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 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-6) gold #### 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 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-7) silver #### 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 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-8) gold #### 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 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-9) silver #### 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 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-10) gold #### 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 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-11) silver #### 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 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-12) gold #### 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 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-13) silver #### 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 15 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-14) gold #### 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 16 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-15) silver #### 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 17 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-16) gold #### 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 18 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--0f9fe1a6-05fb-46a7-beed-0a9d24b4f5a7#fact-metallurgical-facts-17) silver #### 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.