# Nicola Mining Provides Update on Exploration Activities and Successfully Confirms New Poprphy Target at Its New Craigmont Copper Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nicola-mining-provides-update-on-exploration-activities-and-successfully-confirm--1ccd9eef-fbc3-41ff-9c2b-56d42b10d838

Original source: https://orestocks.com/company/NIM.V/press-releases/7114622650418635

Publisher: orestocks

Original announcement: 2026-06-26T17:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T02:40:31.375Z

Atlas analysis updated: 2026-10-01T02:40:31.375Z

- Company: Nicola Mining Inc.

- Ticker: NIM

- Exchange: TSXV

- Region: British Columbia

- Primary commodity: Copper

- Secondary commodities: Gold

- Document categories: Drill results, Other

- Extracted: 2026-10-01 02:40:32 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Nicola Mining has completed its first drill hole \(JT-26-001\) at the new Jotun target within the New Craigmont Copper Project. The hole confirmed porphyry-style alteration and the presence of visible native copper, validating the project's exploration potential.

Reasoning: The inaugural drill hole at the Jotun target confirmed porphyry-style alteration and visible native copper, validating the exploration model, though specific assay values were not disclosed in this release.

- Positive factor: Confirmation of porphyry target

- Positive factor: Presence of visible native copper

- Positive factor: Strong alteration assemblages

- Positive factor: Inaugural hole success

- Negative factor: No specific assay grades reported for the intercept

- Negative factor: No width or depth intervals provided for mineralization

Facts used in scoring: 1

## 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: The release includes a sign-off by a Qualified Person \(Will Whitty, P.Geo.\)

Evidence · text

> reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The release describes mineralization and alteration but does not provide specific intercept widths or grades for the copper mineralization.

Evidence · text

> several of these structures contain visible native copper occurring along fractures

## Extracted facts

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

## Drill Results (1)

### JT-26-001

[Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-provides-update-on-exploration-activities-and-successfully-confirm--1ccd9eef-fbc3-41ff-9c2b-56d42b10d838#fact-drill-facts-0)

s geological model and guiding future drilling designed to vector toward the core of the mineralizing

#### Identity

- Hole ID: JT-26-001
- Project: s geological model and guiding future drilling designed to vector toward the core of the mineralizing
- Region: canada\_bc
- Reported Region: canada\_bc
- Ticker: NIM

#### Geometry

- Hole Depth: 840 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: JT-26-001:0-840
- Mining Method: unknown

#### Location

- Location: Jotun
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

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

Reasoning: First hole at target confirms geological indicators of a porphyry system but lacks numeric assay data.

- Positive factor: Visible native copper

- Positive factor: Porphyry-style alteration

- Negative factor: No assay grades reported

Evidence · text

> JT-26-001 was completed to a depth of 840 metres at the newly identified Jotun target

#### 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 property that hosts historic high-grade copper mineralization and "

## 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.