Nicola Mining Reports High-Grade Gold Assays and New Vein Discoveries at Dominion Project

Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) reported final assay results from chip sampling at its Dominion Gold Project in Quebec, confirming multiple new high-grade vein discoveries and strong mineralization at the Pit Vein. The results revealed grades reaching 113.51 g/t gold over 1.0 meter, with additional intercepts of 55.17 g/t and 37.2 g/t gold from newly exposed areas. These findings represent significant mineralization that could substantially impact the project's economic potential and development strategy.

The company discovered three previously unknown veins—the West, Mid West, and 16 East Veins—all of which remain open in all directions, indicating potential for further expansion. Particularly noteworthy is the 16 East Vein, which has been traced for 40 meters at surface, suggesting substantial continuity of mineralization. CEO Peter Espig stated the results confirm what the company had hoped for and revealed unanticipated exciting revelations of Dominion's long-term potential. The company holds a 75% economic interest in the Dominion project, positioning it to benefit significantly from these discoveries.

Based on these promising results, Nicola Mining plans to advance bulk sampling activities and further define the project scale in 2026. The high-grade nature of the discoveries, particularly the 113.51 g/t gold intercept, demonstrates the project's potential for economic mineralization. The full details of these findings are available in the company's official press release at https://ibn.fm/lkFXs. Additional company information and updates can be accessed through their newsroom at https://ibn.fm/HUSIF. These new vein discoveries and assay results represent a significant step forward in understanding the Dominion Gold Project's mineralization patterns and potential resource size.

The identification of multiple new veins that remain open in all directions provides substantial exploration upside beyond the currently known mineralization. The continuity of the 16 East Vein over 40 meters at surface suggests robust structural controls for gold deposition. The combination of high-grade intercepts and newly discovered vein systems indicates the Dominion Project may host a more extensive gold system than previously recognized. These findings will likely influence future exploration targeting and resource estimation efforts as the company moves toward bulk sampling and project definition in the coming years.