# Nicola Mining’s first-ever drill program at Treasure Mountain, British Columbia, intersects intense mineralization Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9 Original source: https://resourceworld.com/nicola-minings-first-ever-drill-program-at-treasure-mountain-british-columbia-intersects-intense-mineralization/ Publisher: resourceworld Original announcement: 2026-09-18T12:01:23.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-18T16:22:41.576Z Atlas analysis updated: 2026-09-18T16:22:41.576Z - Company: Nicola Mining Inc. - Ticker: NICM - Exchange: Unavailable - Region: British Columbia - Primary commodity: Silver - Secondary commodities: Lead, Zinc, Copper, Gold - Document categories: Drill results, Other - Extracted: 2026-09-18 16:22:42 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Nicola Mining has commenced its 2026 exploration drilling program at the Treasure Mountain project in British Columbia, targeting the MB Zone. Visual examination of the first drill core has identified intervals of intense mineralization, with assay results expected by year-end. Reasoning: The company has commenced its first drilling program at a new target \(MB Zone\) with encouraging visual observations, but actual assay results are still pending. - Positive factor: first-ever drill program - Positive factor: intense mineralization observed visually - Positive factor: high-grade historical context - Negative factor: no assay results yet - Negative factor: visual estimates only Facts used in scoring: 9 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The 2026 program targets the MB target area, a previously undrilled zone northwest of the historical mine. Evidence · text > MB target area, a previously undrilled zone approximately 1 km northwest of the historical Treasure Mountain silver mine **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: The release mentions visual examination and that assays are pending, but does not disclose specific QA/QC protocols or lab certification for the current program. Evidence · text > Visual examination of the core has identified intervals exhibiting intense mineralization. ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-0) Treasure Mountain · silver Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 813 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100151 returned an exceptional silver grade of 813 g/t Ag. - Positive factor: exceptional grade Evidence · text > Sample 2100151: 813 g/t Ag #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-1) Treasure Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 0.52 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100151 returned 0.52 g/t Au. Evidence · text > 0.52 g/t Au #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-2) Treasure Mountain · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 19 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100151 returned 19% Zn. Evidence · text > 19% Zn #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-3) Treasure Mountain · copper Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 4.66 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100151 returned 4.66% Cu. Evidence · text > 4.66% Cu #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-4) Treasure Mountain · silver Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 1300 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100207 returned an exceptional silver grade of 1,300 g/t Ag. - Positive factor: bonanza grade Evidence · text > 1,300 g/t Ag #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-5) Treasure Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 2.59 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100207 returned 2.59 g/t Au. Evidence · text > 2.59 g/t Au #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-6) Treasure Mountain · copper Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 1.16 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100207 returned 1.16% Cu. Evidence · text > 1.16% Cu #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-7) Treasure Mountain · lead Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: lead - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 27.4 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100207 returned 27.4% Pb. Evidence · text > 27.4% Pb #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/nicola-mining-s-first-ever-drill-program-at-treasure-mountain-british-columbia-i--f7229cf1-49de-41df-97e4-6099d33ce3d9#fact-drill-facts-8) Treasure Mountain · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Treasure Mountain - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: NICM #### Geometry - Grade: 27.2 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2019-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical surface sample 2100207 returned 27.2% Zn. Evidence · text > 27.2% Zn #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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 high-grade copper property covering more than 10,800 hectares alon" ## 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.