Draft Permit Received For High Grade Dominion Creek Mineral Project

VANCOUVER - Nicola Mining Inc. has received the draft bulk sample permit for its Dominion Creek Mineral Project, a high grade gold and silver project, of which Nicola owns a 75% economic interest. The draft permit, issued by the British Columbia Ministry of Mining and Critical Minerals, outlines the regulatory framework to extract 10,000 tonnes of gold and silver ore at Dominion, which is located 43 kilometers northeast of the Town of Wells.

As announced in its August 3, 2023, news release, Nicola conducted due diligence, which included a site visit and sampling. Results from a 9.7 kg sample of outcropping sulfide mineralization taken from the Number 16 Vein returned 62.1 g/t Au, 320 g/t Ag, 23.4% Pb, and 12.4% Zn. Additionally, the owner of the property provided 26.4 kg of mineralized material selected from a bulk sample extracted between 1989 and 1992. The 26.4 kg sample had the following grades: 58.7 g/t Au, 130 g/t Ag, 7.7% Pb, 4.2% Zn, 1.49% Fe, and 4.65% S2.