Nicola Mining Advances 2026 Exploration Drilling at Treasure Mountain Silver Project

Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has provided an update on 2025 preparation work at its wholly owned Treasure Mountain Silver Project and outlined plans for its 2026 exploration drilling program. The project, located 30 km northeast of Hope, British Columbia, represents a significant opportunity for silver exploration as market conditions continue to strengthen. The upcoming drilling program follows years of extensive groundwork that has positioned the company to advance exploration at this historically significant silver property.

The Treasure Mountain Silver Project is a fully permitted silver mine that was placed on care and maintenance in 2013 due to low silver prices, but it remains a core asset for Nicola Mining. Recent developments have significantly enhanced the project's exploration potential, including the receipt of a multi-year area-based exploration permit that allows for diamond drilling and trenching activities. Additionally, the company secured a 10-year mine lease extension through April 26, 2032, providing long-term stability for exploration and potential development activities. These regulatory milestones are crucial for advancing the project as silver prices show signs of recovery.

The preparation work leading to the 2026 drilling program has been comprehensive, involving an airborne magnetic geophysical survey, extensive soil sampling, and 2025 field reconnaissance focused on defining drill targets northwest of the currently suspended mine operations. This systematic approach to target generation demonstrates the company's methodical strategy for resource expansion. The project's location in British Columbia's established mining jurisdiction adds to its attractiveness, with existing infrastructure and mining-friendly regulations supporting efficient exploration advancement.

The significance of these developments extends beyond immediate exploration plans. The Treasure Mountain Silver Project's revival comes at a time when silver market fundamentals are strengthening, driven by increasing industrial demand and its role in the green energy transition. The company's progress can be followed through official channels at https://ibn.fm/6gV9b, which provides access to detailed corporate information and ongoing developments. With the combination of renewed permits, extended lease terms, and systematic exploration planning, Nicola Mining is well-positioned to unlock value at Treasure Mountain as silver continues to gain importance in both traditional and emerging industrial applications.