# MiningNewsBreaks - Nicola Mining Inc. \(NASDAQ: NICM\) \(TSX.V: NIM\) \(FSE: HLIA\) Reports Initial Gold and Silver Assays From Red Eye Resources Stockpiles

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/miningnewsbreaks-nicola-mining-inc-nasdaq-nicm-tsx-v-nim-fse-hlia-reports-initia--4fe91690-af2a-49e9-81ce-d96d84cff3ed

Original source: https://orestocks.com/company/NIM.V/press-releases/7160310833352322

Publisher: orestocks

Original announcement: 2026-08-31T14:23:12.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Nicola Mining Inc.

- Ticker: NIM.V

- Exchange: Unavailable

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Metallurgy, Agreement transaction

- Extracted: 2026-08-31 15:05:55 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Nicola Mining reported initial assay results from two mill feed stockpiles sourced from Red Eye Resources. The weighted average grades were 2.83 g/t gold and 753.41 g/t silver, though the company noted high variability and cautioned that results may not represent the full stockpiles.

Reasoning: Initial assay results from stockpiles show decent gold and very high silver grades, but the company explicitly cautioned about variability and representativeness.

- Positive factor: high silver grades

- Positive factor: profit-share agreement with Red Eye Resources

- Negative factor: high assay variability

- Negative factor: results not representative of entire stockpiles

- Negative factor: inaccessible buried material

Facts used in scoring: 2

## Classification and evidence

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: Silver is reported alongside the primary gold focus.

Evidence · text

> Gold and Silver Assays

**Bench Scale Only**

Polarity: negative

Definition: Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Results are from small samples \(47.82 kg\) taken from stockpiles rather than full-scale processing.

Evidence · text

> Samples totaling 47.82 kilograms

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-nicola-mining-inc-nasdaq-nicm-tsx-v-nim-fse-hlia-reports-initia--4fe91690-af2a-49e9-81ce-d96d84cff3ed#fact-metallurgical-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: NIM.V

#### Test Work

- Sample: Red Eye Resources stockpiles \(approx. 1,500 tonnes total\)

#### Recovery

- Head Grade: 2.83
- Head Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-31T00:00:00.000Z

Reasoning: 2.83 g/t Au is a respectable grade for mill feed, but representativeness is low due to sampling constraints.

- Positive factor: solid gold grade for stockpile material

- Negative factor: high variability noted

- Negative factor: not representative of entire stockpile

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-nicola-mining-inc-nasdaq-nicm-tsx-v-nim-fse-hlia-reports-initia--4fe91690-af2a-49e9-81ce-d96d84cff3ed#fact-metallurgical-facts-1)

silver

#### Identity

- Commodity: silver
- Ticker: NIM.V

#### Test Work

- Sample: Red Eye Resources stockpiles \(approx. 1,500 tonnes total\)

#### Recovery

- Head Grade: 753.41
- Head Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-31T00:00:00.000Z

Reasoning: 753.41 g/t Ag is a very strong byproduct grade, though sampling limitations exist.

- Positive factor: exceptionally high silver grade

- Negative factor: high variability noted

- Negative factor: not representative of entire stockpile

## 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.