# 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--e43c6a04-12e6-4fcb-9489-75aeac34db35 Original source: https://www.newsfilecorp.com/release/312048/Nicola-Mining-Receives-Positive-Silver-and-Gold-Initial-Assay-Results-from-Red-Eye-Project Publisher: newsfile 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: NICM - Exchange: Unavailable - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Metallurgy - Extracted: 2026-08-31 13:54:17 UTC Narrative sentiment: 0.40 · 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 high-grade intercept of 18.15 g/t Au and 4817.38 g/t Ag, though the company cautions that the small sample size and high variability may not represent the entire stockpile volume. Reasoning: Initial assay results from stockpiles show high-grade silver \(4817 g/t\) and gold \(18 g/t\) in specific samples, though the company warns of high variability and limited representativeness of the total volume. - Positive factor: High-grade silver intercept - Positive factor: QA/QC disclosed - Positive factor: QP signed - Negative factor: Limited sampling scale - Negative factor: High variability noted - Negative factor: Surface sampling only Facts used in scoring: 18 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions Paragon Geochemical is an independent ISO 17025:2017 accredited laboratory and includes a QP sign-off. Evidence · text > Paragon Geochemical laboratory in Surrey BC, an independent ISO 17025:2017 accredited geochemical testing laboratory. **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Will Whitty, P.Geo., is named as the Qualified Person who reviewed and approved the disclosures. Evidence · text > reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person ## Extracted facts Stored fact records: 18. Some facts used in scoring do not have a stored record. ## Metallurgical Results (18) ### 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-0) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-04 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 18.15 g/t Au is an exceptional grade for a stockpile characterization sample. - Positive factor: Exceptional gold grade ### 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-1) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-04 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 4817 g/t Ag is an exceptional silver grade. - Positive factor: Exceptional silver 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-2) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-01 Small Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-3) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-01 Small Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Moderate silver grade. ### 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-4) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-02 Small Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-5) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-03 Small Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Very low grade gold intercept. ### 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--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-6) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-05 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-7) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-05 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low silver grade. ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-8) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-06 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-9) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-06 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Moderate silver grade. ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-10) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-07 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-11) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-07 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Moderate silver grade. ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-12) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-08 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-13) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-08 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low silver grade. ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-14) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-09 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Very low grade gold intercept. ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-15) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-09 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low silver grade. ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-16) gold #### Identity - Commodity: gold - Ticker: NICM #### Test Work - Sample: RE-10 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Low grade gold intercept. ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-receives-positive-silver-and-gold-initial-assay-results-from-red-e--e43c6a04-12e6-4fcb-9489-75aeac34db35#fact-metallurgical-facts-17) silver #### Identity - Commodity: silver - Ticker: NICM #### Test Work - Sample: RE-10 Large Stockpile #### Lab - Laboratory: Paragon Geochemical #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: Moderate silver grade. ## 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.