# Nicola Mining Receives Positive Silver and Gold Initial Assay Results from Red Eye Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6 Original source: https://orestocks.com/company/NIM.V/press-releases/7624963992146197 Publisher: orestocks Original announcement: 2026-08-31T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Nicola Mining Inc. - Ticker: NIM - Exchange: Unavailable - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Metallurgy - Extracted: 2026-08-31 13:57:45 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Nicola Mining has released initial assay results from two mill feed stockpiles at the Red Eye Project. The results include a standout high-grade intercept of 18.15 g/t Au and 4817.38 g/t Ag in the large stockpile, with an overall weighted average of 2.83 g/t Au and 753.41 g/t Ag. Reasoning: Initial assay results from stockpiles show a significant high-grade intercept \(18.15 g/t Au, 4817 g/t Ag\) which drives positive sentiment, though the company notes high variability and limited sampling depth. - Positive factor: High-grade gold and silver intercept in large stockpile - Positive factor: QA/QC disclosed with accredited lab and QP sign-off - Positive factor: Use of PhotonAssay technology - Negative factor: High variability in results - Negative factor: Sampling limited to surface/accessible material - Negative factor: Small sample size \(47.82 kg total\) Facts used in scoring: 7 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Sample RE-04 returned 18.15 g/t Au and 4817 g/t Ag, which are exceptionally high grades. Evidence · table > 18.148 Context: 6.65 **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 mentions an independent ISO 17025:2017 accredited laboratory \(Paragon Geochemical\) and a QP sign-off. Evidence · text > independent ISO 17025:2017 accredited geochemical testing laboratory ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-0) #### Identity - Ticker: NIM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Weighted average of all samples provided in the release. - Positive factor: Solid average grades for stockpile material - Negative factor: Based on limited sampling ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-1) gold #### Identity - Commodity: gold - Ticker: NIM #### Geometry - Grade: 2.83 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: stockpile:weighted\_avg #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Weighted average gold grade. ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-2) silver #### Identity - Commodity: silver - Ticker: NIM #### Geometry - Grade: 753.41 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: stockpile:weighted\_avg #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Weighted average silver grade. ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-3) gold #### Identity - Commodity: gold - Ticker: NIM #### Geometry - Grade: 18.148 - Grade Unit: ppm #### Classification - Sample Type: surface - Group ID: RE-04:0-0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Exceptionally high gold grade in sample RE-04. - Positive factor: Bonanza grade intercept ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-4) silver #### Identity - Commodity: silver - Ticker: NIM #### Geometry - Grade: 4817.38 - Grade Unit: ppm #### Classification - Sample Type: surface - Group ID: RE-04:0-0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Exceptionally high silver grade in sample RE-04. - Positive factor: Bonanza grade intercept ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-5) gold #### Identity - Commodity: gold - Ticker: NIM #### Geometry - Grade: 0.224 - Grade Unit: ppm #### Classification - Sample Type: surface - Group ID: RE-01:0-0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold in sample RE-01. ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--690e2b92-9c49-480d-b312-49debcfbeba6#fact-drill-facts-6) silver #### Identity - Commodity: silver - Ticker: NIM #### Geometry - Grade: 242.87 - Grade Unit: ppm #### Classification - Sample Type: surface - Group ID: RE-01:0-0 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Silver grade in sample RE-01. ## 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.