# 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--233ee157-39cf-4e94-8889-d5a8fb9102c6

Original source: https://money.tmx.com/en/quote/NIM/news/7114622650418635/nicola-mining-provides-update-on-exploration-activities-and-successfully-confirm

Publisher: tmx

Original announcement: 2026-06-26T13:00:00.000Z

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: Silver

- Document categories: Drill results, Other

- Extracted: 2026-08-22 02:40:08 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

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

Reasoning: The announcement confirms a new porphyry copper target \(Jotun\) via the first drill hole \(JT-26-001\), reporting highly encouraging geological indicators like native copper and bornite, though specific numeric assay grades were not disclosed in this release.

- Positive factor: Confirmation of porphyry target characteristics

- Positive factor: Presence of visible native copper

- Positive factor: Presence of bornite-bearing veins

- Positive factor: Inaugural hole at new target

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

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 JT-26-001 is the inaugural drill hole at the newly identified Jotun target.

Evidence · text

> successful completion of the inaugural drill hole at the newly identified Jotun target

**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

## 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--233ee157-39cf-4e94-8889-d5a8fb9102c6#fact-drill-facts-0)

New Craigmont Copper Project · copper

#### Identity

- Hole ID: JT-26-001
- Project: New Craigmont Copper Project
- Commodity: copper
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: NIM

#### Geometry

- Hole Depth: 840 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

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

#### Dates

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

Reasoning: Geological confirmation of copper mineralization \(native copper and bornite\) in an inaugural hole, though quantitative assay data is pending.

- Positive factor: Visible native copper encountered

- Positive factor: Bornite-bearing veins identified

- Negative factor: No numeric assay grade provided

Evidence · text

> JT-26-001 was completed to a depth of 840 metres... several of these structures contain visible native copper

## 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.