# NetworkNewsBreaks - Nicola Mining Inc. \(NASDAQ: NICM\) \(TSXV: NIM\) \(FSE: HLIA\) Reports Encouraging Results From Initial Jotun Drill Hole

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/networknewsbreaks-nicola-mining-inc-nasdaq-nicm-tsxv-nim-fse-hlia-reports-encour--9481020a-e477-4f81-8520-f689a7c020eb

Original source: https://orestocks.com/company/NIM.V/press-releases/8986022409168131

Publisher: orestocks

Original announcement: 2026-06-26T18:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T02:33:35.621Z

Atlas analysis updated: 2026-10-01T02:33:35.621Z

- Company: Nicola Mining Inc.

- Ticker: NIM

- Exchange: TSXV

- Region: British Columbia

- Primary commodity: Copper

- Secondary commodities: Gold, Silver

- Document categories: Drill results, Other

- Extracted: 2026-10-01 02:33:36 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Nicola Mining reported the first drill hole results from its new Jotun target at the New Craigmont Copper Project. While the 840-meter hole confirmed porphyry-style mineralization including native copper and bornite, specific assay grades and intercepts were not disclosed in this release.

Reasoning: The announcement confirms the discovery of a new target \(Jotun\) and geological indicators of a porphyry system, but lacks the specific numeric assay data required for a full technical evaluation.

- Positive factor: first-ever drill hole at Jotun target

- Positive factor: confirmed porphyry copper system characteristics

- Positive factor: presence of native copper and bornite-bearing veins

- Negative factor: no specific assay grades or interval widths reported in this release

- Negative factor: additional geochemical analyses pending

Facts used in scoring: 1

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The hole was drilled at the 'newly identified Jotun target', representing a new discovery/extension within the project.

Evidence · text

> first-ever drill hole at the newly identified Jotun target

**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 does not mention laboratory names, QA/QC protocols, or professional sign-off.

Evidence · text

> additional geochemical analyses from the Jotun drill hole are expected later this year

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/networknewsbreaks-nicola-mining-inc-nasdaq-nicm-tsxv-nim-fse-hlia-reports-encour--9481020a-e477-4f81-8520-f689a7c020eb#fact-drill-facts-0)

New Craigmont · copper

Needs review: drill\_no\_hole\_id

#### Identity

- Project: New Craigmont
- Commodity: copper
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: NIM

#### Geometry

- Hole Depth: 840 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-26T00:00:00.000Z

Reasoning: The hole confirms the presence of copper mineralization \(native copper/bornite\) in a porphyry setting, but the lack of assay values prevents grade assessment.

- Positive factor: confirmed porphyry copper system characteristics

- Positive factor: intersected native copper and bornite-bearing veins

- Negative factor: no grades or widths reported

Evidence · text

> 840-meter drill hole intersected multiple hydrothermal alteration styles, structurally controlled native copper mineralization and bornite-bearing veins

#### Tags used in scoring

**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: qaqc\_disclosed is not 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, which covers an area of 10,913 hectare"

## 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.