Nicola Mining Provides Update on Dominion Gold Project
MWN-AI** Summary
Nicola Mining Inc. has provided an update regarding its Dominion Gold Project, indicating notable developments and adjustments to their 2025 operational strategy. As of November 4, 2025, the company has completed all necessary mine development work for a planned 10,000 bulk sample, with extraction set to recommence in July 2026. Initially, Nicola aimed to transport 2,000 tonnes of material for processing at their Nicola mill in 2025, but decided to postpone this due to adverse weather conditions and to better assess project potential.
Abnormally high rainfall in August and September threatened to degrade the haul road if overused. Additionally, throughout the mine development phase, which began in August, significant enhancements were made. A landing area was built to facilitate vein extraction, during which three new veins were discovered, expanding the project's potential.
The historical South Pit Vein was accessed, where extraction began and revealed broader vein widths than previously recorded. Newly identified veins include the Mid-West Vein, West Vein, and 16 East Vein, each demonstrating promising geological characteristics. Samples from these veins have been sent for analysis to Paragon Geochemical, with results pending.
Nicola’s CEO, Peter Espig, expressed enthusiasm about the promising signs of the project exceeding initial expectations, highlighting that five open faces are now accessible for extraction, presenting further exploration opportunities at depth.
The Dominion Gold Project covers approximately 1,058 hectares and has a legacy of exploration dating back to 1986, showcasing extensive geological research and drilling by previous operators. Nicola Mining continues to leverage its fully permitted milling operations to capitalize on high-grade gold and silver extraction capabilities.
MWN-AI** Analysis
As of November 4, 2025, Nicola Mining Inc. has provided an update regarding its Dominion Gold Project, and the news appears to convey a mixed outlook that investors should consider carefully before making decisions. The announcement of mine development completion for the 10,000 bulk sample, though indicative of progress, is accompanied by a strategic delay in processing until 2026. This decision stems from adverse weather conditions and the need to optimize project logistics, illustrating a prudent approach but potentially signaling short-term production delays.
However, the discovery of three additional veins during the development phase bolsters the project's potential. The expansion of the South Pit vein to an impressive width of approximately 5 meters enhances its attractiveness, raising the prospect of higher-grade mineral recovery. Additionally, the identification of newly exposed veins such as the Mid-West, West, and 16 East veins creates a more favorable scenario for resource expansion and exploration in the upcoming program.
Investors should view these developments through a dual lens: while the delay may concern short-term production timelines, the long-term resource potential has evidently increased. The engaged exploration activities and effective management in response to environmental challenges reflect operational strengths that could lead to robust future returns.
Given the positive discoveries and a well-positioned mill and tailings facility, Nicola's current valuation seems to present an intriguing buying opportunity, particularly for those with a long-term investment horizon in mining stocks. It is advisable to keep an eye on the results from Paragon Geochemical after the analyses of the sampled veins, as those results could bring additional clarity and potentially further enhance the stock's attraction in the market. However, remain vigilant regarding operational updates and external market conditions that could impact the broader mining sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF), (the "Company" or "Nicola") is pleased to announce that it has completed work at Dominion for 2025 and has completed all mine development for the 10,000 bulk sample, which is planned to recommence in July of 2026. Initially, the Company had planned to ship up to 2000 tonnes to the Nicola mill in 2025 for processing, but opted to wait until next year for two reasons:
Weather: Abnormally high rainfall during August and September would likely degrade the haul road from overuse.
Project Size: During the mine development phase ("Development Phase"), which commenced in August following completion of haul road upgrades, a landing area ("Landing") was constructed to provide access for vein extraction. The Development Phase included lowering the entire Landing by approximately 6 metres to create a face suited for vein extraction. While developing the Landing, three additional veins were discovered.
Dominion Map Highlighting 2025 Work and Vein Discoveries
Figure 1. Map showing the locations of 3 new veins discovered in 2025. Note: The map is from 2020 due diligence with additional of veins uncovered in 2025 indicated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_001full.jpg
Historically Known Veins:
- South Pit Vein: Historically known vein from which previously chip samples were taken in 2020 Link. Samples taken were comprised of two South Pit Samples and two 16 Vein Samples. During 2025, the Company commenced vein extraction in the South Pit Zone, having moved the Landing down and working into the vein approximately 2 metres. Approximately 20 metres from the entrance, the vein expands to approximately 5 metres in width.
| Figure 2. Working faces of the bulk sample site - September 14, 2025. Total width of photo is 40m, distance between hanging wall (right side) of 16 Vein and Pit Vein is 20m. | Figure 3. Pit Vein system as exposed on the working face. |
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_002full.jpg
- 16 Vein: This historically known vein is located approximately 20 metres from the South Pit Vein. Chip samples and grab samples were taken from the vein during the October 14, 2020 due diligence process.
| Figure 4. 16 Vein (black with white stripes, is ~4m wide below axe) and 16 East Vein (white) | Figure 5. High-grade section of the upper portion of the 16 vein. |
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_003full.jpg
Newly Exposed Veins:
- Mid-West Vein: Located 13 metres from the South Pit Vein. The vein is approximately 1 metre wide and exposed over 3 metres.
- West Vein: Located 12 metres from the Mid-West Vein. The vein is approximately 3 metres wide and exposed over 6 metres.
- 16 East Vein: Located 1.5-2 metres east of the 16 Vein. It is approximately 1.5 metres wide and exposed over 40 metres.
Samples from the newly exposed veins were taken by site crew and brought to Paragon Geochemical for analysis. Paragon Geochemical is an ISO 17025:2017 accredited geochemical testing laboratory providing analytical services to the mining industry. Results will be released upon receipt.
Figure 6. Mid-West Vein
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_004full.jpg
Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "We have been pleasantly surprised with the work at Dominion, which clearly indicates that the project is larger than initially anticipated. For the 2026 Program, we now have 5 open faces that are accessible from the Landing to give approximately 6 metres of strike length for extraction. These exposed veins also represent attractive exploration targets as they are open at depth."
Qualified Person
The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.
DOMINION CREEK PROPERTY HISTORY
The Dominion Creek Property consists of 9 mineral claims (55 units) totaling approximately 1,058 hectares. The property was acquired from the prospector N. Kencayd by Noranda Exploration Company Ltd. in 1986. Noranda subsequently conducted geological, geochemical, and geophysical surveys which culminated in an increase in their land position. Between 1987 and 1990, Noranda's exploration program included a small (20 samples) geochemical silt sample survey. Encouraged by those results, a larger soil geochemical survey (3,399 samples) was conducted. Noranda drilled a total of 53 shallow diamond drill holes, totaling 3,483.86 meters (average depth of approximately 65.7 meters). Trenching of several coincident Pb, Zn, Cu, Ag and Au soil geochemistry anomalies resulted in the discovery of several mineralized quartz veins.
Drilling in the South Zone covered an area of approximately 300 meters by 200 meters. Limited drilling in the North Zone covered two small areas (approximately 50 meters by 60 meters) 300 meters apart. The drill targets were selected using the soil geochemistry survey data and outcrop sampling from trenches and the drill access road data. Noranda subsequently returned the property to N. Kencayd, who sold it to A. Raven in 1989.
A Technical Report1 on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the 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 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 high-grade copper property, which 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. 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 Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
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 Makepeace, D. K., 2003. Dominion Creek Project Technical Report for XMP Mining Ltd. Geospectrum Engineering, August 22.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273067
FAQ**
How do the recent discoveries of multiple new veins at Dominion Creek by Nicola Mining Inc. (NIM:CC) impact the projected profitability of the project moving forward?
Given the environmental factors affecting operations, particularly the high rainfall, what contingency plans does Nicola Mining Inc. (NIM:CC) have in place to mitigate future disruptions?
Can you elaborate on the potential scale of operations at the Dominion Creek property based on the new findings and existing historical data related to vein discovery by Nicola Mining Inc. (NIM:CC)?
What are the strategic benefits for Nicola Mining Inc. (NIM:CC) in delaying the shipment of ore to the mill until 2026, particularly in light of the recent vein discoveries and existing challenges?
**MWN-AI FAQ is based on asking OpenAI questions about Nicola Mining Inc. (TSXVC: NIM:CC).
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