Nicola Mining Provides an Update for Ongoing Exploration at Its Flagship New Craigmont Copper Project

Original announcement by tmx on

Company
Nicola Mining Inc.
Ticker
NIM
Exchange
TSX
Region
British Columbia
Primary commodity
Copper
Secondary commodities
Molybdenum
Document categories
Drill results
Extracted
2026-08-22 04:02:44 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Nicola Mining has provided an update on its 2025 exploration program at the New Craigmont Copper Project, reporting visual evidence of porphyry-style alteration at the Draken target. Significant copper intercepts were reported at the MARB target, including 9.5m at 0.39% Cu.

Reasoning: The release reports encouraging visual evidence of a porphyry system (chalcopyrite-molybdenite zonation) and specific copper intercepts, though grades remain in the low-to-moderate range for the commodity.

Positive factors

  • presence of porphyry alteration assemblages
  • encouraging copper results at MARB
  • QA/QC protocols disclosed

Negative factors

  • grades are relatively low for porphyry targets

Facts used in scoring: 10

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release includes details on sample security, insertion of CRMs, blanks, and duplicates, and uses an ISO/IEC 17025 accredited lab.

Evidence · text

“Company protocols include the insertion of quality control (QC) samples consisting of Certified Reference Materials (CRMs), blanks and duplicates”

Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

Drill Results (10)

MB-25-008New Craigmont Copper Project · copperGrade: 0.39Grade Unit: %Intercept: 9.5 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.39
Grade Unit
%
Intercept
9.5 m
From
220.5 m
To
230 m

Classification

Sample Type
drill
Group ID
MB-25-008:220.5-230.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: 9.5m at 0.39% Cu is a moderate intercept for a porphyry-style target.

Positive factors

  • continuous interval

Negative factors

  • low grade

Evidence · text

“MB-25-008 returning 9.5m of 0.39% Cu from 220.5m to 230.0m”
MB-25-008New Craigmont Copper Project · copperGrade: 0.12Grade Unit: %Intercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.12
Grade Unit
%
Intercept
0.75 m
From
220.5 m
To
221.25 m

Classification

Sample Type
drill
Group ID
MB-25-008:220.5-221.25
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Small sub-interval with low grade.

Negative factors

  • sub-interval grade is low

Evidence · table

“0.12”

Context: 0.75

MB-25-008New Craigmont Copper Project · copperGrade: 0.12Grade Unit: %Intercept: 1.35 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.12
Grade Unit
%
Intercept
1.35 m
From
221.25 m
To
222.6 m

Classification

Sample Type
drill
Group ID
MB-25-008:221.25-222.6
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Small sub-interval with low grade.

Negative factors

  • sub-interval grade is low

Evidence · table

“0.12”

Context: 1.35

MB-25-008New Craigmont Copper Project · copperGrade: 0.81Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.81
Grade Unit
%
Intercept
1.4 m
From
222.6 m
To
224 m

Classification

Sample Type
drill
Group ID
MB-25-008:222.6-224.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Stronger grade sub-interval within the intercept.

Positive factors

  • higher grade sub-interval

Evidence · table

“0.81”

Context: 1.4

MB-25-008New Craigmont Copper Project · copperGrade: 0.51Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.51
Grade Unit
%
Intercept
1 m
From
224 m
To
225 m

Classification

Sample Type
drill
Group ID
MB-25-008:224.0-225.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Moderate grade sub-interval.

Evidence · table

“0.51”

Context: 1

MB-25-008New Craigmont Copper Project · copperGrade: 0.25Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.25
Grade Unit
%
Intercept
1 m
From
225 m
To
226 m

Classification

Sample Type
drill
Group ID
MB-25-008:225.0-226.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Low grade sub-interval.

Negative factors

  • low grade

Evidence · table

“0.25”

Context: 1

MB-25-008New Craigmont Copper Project · copperGrade: 0.63Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.63
Grade Unit
%
Intercept
1 m
From
226 m
To
227 m

Classification

Sample Type
drill
Group ID
MB-25-008:226.0-227.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Moderate grade sub-interval.

Evidence · table

“0.63”

Context: 1

MB-25-008New Craigmont Copper Project · copperGrade: 0.1Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.1
Grade Unit
%
Intercept
1 m
From
227 m
To
228 m

Classification

Sample Type
drill
Group ID
MB-25-008:227.0-228.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Low grade sub-interval.

Negative factors

  • low grade

Evidence · table

“0.10”

Context: 1

MB-25-008New Craigmont Copper Project · copperGrade: 0.39Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.39
Grade Unit
%
Intercept
1 m
From
228 m
To
229 m

Classification

Sample Type
drill
Group ID
MB-25-008:228.0-229.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Moderate grade sub-interval.

Evidence · table

“0.39”

Context: 1

MB-25-008New Craigmont Copper Project · copperGrade: 0.46Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MB-25-008
Project
New Craigmont Copper Project
Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
NIM

Geometry

Grade
0.46
Grade Unit
%
Intercept
1 m
From
229 m
To
230 m

Classification

Sample Type
drill
Group ID
MB-25-008:229.0-230.0
Mining Method
open_pit

QA/QC

Laboratory
AGAT Laboratories Ltd.
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-03T00:00:00.000Z

Reasoning: Moderate grade sub-interval.

Evidence · table

“0.46”

Context: 1

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.