Nicola Mining Commences 2026 Diamond Drilling at New Craigmont Copper Project, Targeting Deep Porphyry-Skarn Potential

Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has announced the commencement of its 2026 exploration diamond drilling program at the New Craigmont Copper Project in British Columbia. The program targets the “Jotun” anomaly, a resistivity anomaly identified through prior ZTEM (Z-Axis Tipper Electromagnetic) surveying and supported by encouraging results from the 2023 drill program. The company plans to drill a deep hole designed to test the anomaly at approximately 775 meters depth, aiming to evaluate the potential for a porphyry-skarn system and expand understanding of mineralization, geological structures, and alteration across this newly prioritized exploration zone.

The New Craigmont Copper Project covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. This location provides significant geological context for exploration, as the batholith is known for hosting copper porphyry deposits. The Jotun anomaly represents a high-priority target that could indicate a buried mineralized system, and the 2026 drilling program is a critical step in testing this hypothesis.

Nicola Mining holds a 100% interest in the New Craigmont Project, which is a high-grade copper property. The company also owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver via gravity and flotation processes. Additionally, the company has signed Mining and Milling Profit Share Agreements with high-grade gold projects. Nicola’s portfolio includes the Treasure Mountain Property, which consists of 30 mineral claims and a mineral lease spanning over 2,200 hectares.

The initiation of this drilling program underscores Nicola Mining’s commitment to advancing its copper exploration efforts in a region already known for major copper production. The results from this program could have significant implications for the company’s valuation and the broader understanding of copper mineralization in the Guichon Batholith. Investors and industry observers will be closely watching the outcomes of this drilling as the company continues to develop its assets. For more details, the full press release is available at https://ibn.fm/Iyj8W.

Nicola Mining is a junior mining company listed on the NASDAQ, TSX Venture Exchange, and Frankfurt Exchange. The company’s newsroom can be accessed at https://ibn.fm/NICM for the latest updates. This announcement highlights the ongoing exploration activities in British Columbia’s copper-rich region and the potential for new discoveries in a mining-friendly jurisdiction.