# Nicola Mining’s first-ever drill program at Treasure Mountain, British Columbia, intersects intense mineralization Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a Original source: https://resourceworld.com/nicola-minings-first-ever-drill-program-at-treasure-mountain-british-columbia-intersects-intense-mineralization/ Publisher: resourceworld Original announcement: 2026-09-18T12:01:23.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Nicola Mining Inc. - Ticker: NICM - Exchange: Unavailable - Region: British Columbia - Primary commodity: Silver - Secondary commodities: Lead, Zinc, Copper, Gold - Document categories: Drill results, Other - Extracted: 2026-09-18 16:26:28 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Nicola Mining has commenced its first-ever diamond drilling program at the Treasure Mountain project in British Columbia, targeting the MB Zone. While visual examination of the first drill core shows intense mineralization, formal assay results from AGAT Laboratories are expected by year-end. Reasoning: The company has transitioned from asset preservation to active exploration, with visual core observations providing early positive signals, though formal assay results are pending. - Positive factor: Commencement of first-ever drill program at Treasure Mountain - Positive factor: Visual identification of intense mineralization in first drill core - Positive factor: Targeting a previously undrilled zone \(MB target\) with high-grade surface sampling history - Negative factor: No analytical assay results released yet; current observations are purely visual Facts used in scoring: 10 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The MB target area is described as a previously undrilled zone near the historical Treasure Mountain silver mine. Evidence · text > MB target area, a previously undrilled zone approximately 1 km northwest of the historical Treasure Mountain silver mine. **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: The release mentions core is being submitted for analysis but does not disclose specific QA/QC protocols or lab accreditation for the upcoming results. Evidence · text > Core from the first hole is being sampled and submitted to AGAT Laboratories for multi-element analysis. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-0) Treasure Mountain · silver Needs review: drill\_no\_hole\_id #### Identity - Project: Treasure Mountain - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Classification - Program: exploration - Sample Type: drill #### Location - Location: MB target area - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: First drill hole of the program shows encouraging visual mineralization, but lacks assay verification. - Positive factor: Visual identification of intense mineralization - Negative factor: Visual estimates are not a substitute for analytical results Evidence · text > Visual examination of the core has identified intervals exhibiting intense mineralization. #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-1) silver #### Identity - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 813 - Grade Unit: g/t #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > Sample 2100151: 813 g/t Ag #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-2) gold #### Identity - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 0.52 - Grade Unit: g/t #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 0.52 g/t Au #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-3) zinc #### Identity - Commodity: zinc - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 19 - Grade Unit: % #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 19% Zn #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-4) copper #### Identity - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 4.66 - Grade Unit: % #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 4.66% Cu #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-5) silver #### Identity - Commodity: silver - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 1300 - Grade Unit: g/t #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 1,300 g/t Ag #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-6) gold #### Identity - Commodity: gold - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 2.59 - Grade Unit: g/t #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 2.59 g/t Au #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-7) copper #### Identity - Commodity: copper - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 1.16 - Grade Unit: % #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 1.16% Cu #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-8) lead #### Identity - Commodity: lead - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 27.4 - Grade Unit: % #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 27.4% Pb #### Tags used in scoring **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: qaqc\_disclosed is 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-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--cd52e133-f72c-40ab-8a45-587258a5330a#fact-drill-facts-9) zinc #### Identity - Commodity: zinc - Region: canada\_bc - Reported Region: canada\_bc - Ticker: NICM #### Geometry - Grade: 27.2 - Grade Unit: % #### Classification - Sample Type: surface #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: No - Interp. Status: zero\_all - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sampling results provided for context, not current drill assays. Evidence · text > 27.2% Zn #### Tags used in scoring **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: qaqc\_disclosed is 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.