# Nicola Mining Provides an Update for Ongoing Exploration at Its Flagship New Craigmont Copper Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572 Original source: https://money.tmx.com/en/quote/NIM/news/8067126724122321/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra Publisher: tmx Original announcement: 2026-02-03T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas 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 factor: presence of porphyry alteration assemblages - Positive factor: encouraging copper results at MARB - Positive factor: QA/QC protocols disclosed - Negative factor: grades are relatively low for porphyry targets Facts used in scoring: 10 ## Classification and evidence **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: 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-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-0) New Craigmont Copper Project · copper #### 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 factor: continuous interval - Negative factor: low grade Evidence · text > MB-25-008 returning 9.5m of 0.39% Cu from 220.5m to 230.0m ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-1) New Craigmont Copper Project · copper #### 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 factor: sub-interval grade is low Evidence · table > 0.12 Context: 0.75 ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-2) New Craigmont Copper Project · copper #### 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 factor: sub-interval grade is low Evidence · table > 0.12 Context: 1.35 ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-3) New Craigmont Copper Project · copper #### 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 factor: higher grade sub-interval Evidence · table > 0.81 Context: 1.4 ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-4) New Craigmont Copper Project · copper #### 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-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-5) New Craigmont Copper Project · copper #### 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 factor: low grade Evidence · table > 0.25 Context: 1 ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-6) New Craigmont Copper Project · copper #### 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-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-7) New Craigmont Copper Project · copper #### 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 factor: low grade Evidence · table > 0.10 Context: 1 ### MB-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-8) New Craigmont Copper Project · copper #### 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-25-008 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-an-update-for-ongoing-exploration-at-its-flagship-new-cra--b17b4dc0-492b-4c50-b7ac-6c5c0360b572#fact-drill-facts-9) New Craigmont Copper Project · copper #### 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.