Latest news with #MYABPermit
Yahoo
09-06-2025
- Business
- Yahoo
Nicola Mining Receives Multi-Year Area Based Exploration Permit for Its Mine-Permitted Treasure Mountain Silver Project
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Nicola Mining Inc. (TSX: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that it has received a multi-year area-based exploration permit, Permit Number MX-15-121 (the "MYAB Permit") on June 4th, 2025. The MYAB Permit allows Nicola to conduct extensive exploration on its wholly owned Treasure Mountain Silver Project1 (the "Treasure Mountain"), a fully permitted silver mine (Permit 239) located 30 km northeast of Hope and about a 3-hour drive from Vancouver, British Columbia (Fig. 1). Figure 1. Treasure Mountain locationTo view an enhanced version of this graphic, please visit: Receipt of the MYAB Permit, follows the Company's August 30th, 2024, announcement that it had received a ten-year mining lease extension (the "Extension") for Treasure Mountain2 under its M-239 permit. The Extension is valid through April 26, 2032, and receipt of the MYAB Permit positions the Company to leverage both mining and exploration options. Treasure Mountain consists of an historic underground silver mine with a resource estimate in accordance with CIM definition standards3 and exploration upside to the north and west of the historic mine. The MB Zone is approximately 800 m northwest of the current mine workings on undrilled northern flank of the mountain. The Cal Vein was discovered at this location in 2010 and return a surface sample grading as high as 9,221g/t Ag, 1.02% Cu, 1.14% Pb and 1.03% Zn4. Subsequent soil sampling was conducted in 2011/2012 and 2013 with encouraging results.5 Small exploration programs conducted between 2019 and 2021 on the northwestern side of the mountain included soil sampling, rock sampling, mapping, and shallow drilling campaigns. These programs successfully identified a 2 km soil anomaly which appears to be related to a vein system of roughly the same strike length. Drill testing of the exposed vein confirmed continuity of mineralization coincidental with the soil anomaly.6 The MYAB Permit allows the Company to carry out the following exploration activities over the next five years in the areas shown below (Fig. 2): 30 drill holes 1,400 m of trenching 4,500 m of trail building 20 km of geophysical surveys with exposed electrodes To view an enhanced version of this graphic, please visit: Figure 2. Site map with MYAB Permit boundaries Peter Espig, CEO of Nicola Mining Inc., commented, "Receipt of the MYAB under Permit Number MX-15-121 coupled with our recently received ten-year mine life extension under Permit M-239, puts Nicola into an envious position as the confluence of mine and exploration potential brings forth a project that most investors have forgotten. Bolstered by solid silver prices and with permits in hand, we are very excited about its potential and look forward to exploring our Treasure Mountain Project for the first time in over a decade" Qualified PersonWilliam Whitty, P. Geo., the Company's VP Exploration, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of, and has reviewed and approved the technical information in this release. About Nicola MiningNicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares. On behalf of the Board of Directors "Peter Espig" Peter EspigCEO & Director For additional information Contact: Peter EspigPhone: (778) 385-1213 Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 1 Treasure Mountain Silver Project / Mine: Link2 August 30, 2024, News: Link3 Ostensoe, E. A., Giroux, G. H. and Beaton, A. J., 2009, Technical Report, Resource Estimation, Mining and Reclamation Plan and Economic Evaluation, Treasure Mountain Property, Tulameen River Area, B. C., Canada.4 August 25, 2010, News: Link5 October 7, 2013, News: Link6 Assessment Report for 2021 Exploration To view the source version of this press release, please visit
Cision Canada
25-04-2025
- Business
- Cision Canada
Rokmaster Receives Approval for Two Exploration Permits on the Gold-Silver-Copper-Zinc Selkirk Project
VANCOUVER, BC, April 25, 2025 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to provide a permitting update for its 100% owned Selkirk Project. The Selkirk Project is comprised of three properties: (a) the Keystone Property; (b) the Downie Gold Property; and (c) the Rift Property located north of Revelstoke in southeastern British Columbia (Figure 1). These three properties have been steadily advanced by Rokmaster since 2021 with positive results generated from geological mapping, prospecting, channel sampling, and soil sampling. A three year Multi-year Area Based Exploration Permit ("MYAB Permit") has now been approved on the Keystone Property by the British Columbia Ministry of Mining and Critical Minerals. The MYAB Permit allows for up to 20 helicopter-supported drill sites and 7 helicopter pads. Both Replacement and vein-hosted sphalerite and galena mineralization has been discovered throughout the large Keystone Property during field work programs conducted between 2021 and 2024 (Figure 2). The rock grab samples have returned significant values of zinc, lead, silver and gold concentrated in two main areas of the Property where zones of dense quartz-galena-sphalerite veining is hosted in deformed dolostone. The northern extension of the mapped Akolkolex Thrust fault occurs within and proximal to the property, providing potential for orogenic-style gold mineralization. Another separate three year MYAB Permit has also now been approved on the Downie Gold Property by the British Columbia Ministry of Mining and Critical Minerals. The MYAB Permit allows for up to 15 helicopter-supported drill sites and 6 helicopter pads. The Downie Gold Property hosts elevated gold in massive pyrrhotite-pyrite-galena mineralization associated with discordant stockwork veins and silicification in limestone rocks at the KJ Zone (Figure 3). In 2022, channel sample KJ6 returned 7.51 g/t Au, 616.14 g/t Ag, 7.93% Pb, and 1.72 % Zn over 3.50 meters (see news release dated December 19, 2022). At the Melt Zone in the western portion of the Downie Gold Property, skarn-style massive pyrrhotite and sphalerite mineralization locally hosts elevated gold proximal to the Goldstream Pluton. Also included in the Selkirk Project is the 299 hectare Rift Property which hosts an exposure of a stratabound high-grade sphalerite-galena horizon with an intersection of high-grade zinc approximately 460 m to the east in drillhole M-85-2. See news release dated November 5, 2024 for more details on Selkirk Project. John Mirko, President and CEO, comments: "We are very pleased to receive exploration permits allowing for drill testing on the multiple targets Rokmaster has generated on the Selkirk Project with detailed work over a number of years. The Keystone and Downie Gold Properties feature impressive polymetallic gold, silver, lead, and zinc mineralization in surface exposures which have yet to be thoroughly drilled to test the high potential at depth." The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, who is independent of Rokmaster and who acts as Rokmaster's Qualified Person. On Behalf of the Board of Directors of Rokmaster Resources Corp. John Mirko, President & Chief Executive Officer. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise. SOURCE Rokmaster Resources Corp.
