Nicola Mining's Dominion Gold Project Assays Return up to 113 Grams / 3.65 Oz Gold per Tonne
MWN-AI** Summary
Nicola Mining Inc. has announced highly promising assay results from its Dominion Gold Project, revealing gold grades up to 113 grams per tonne, translating to 3.65 ounces per tonne. The results come amid the company’s efforts to expand its operations, with notable findings from newly discovered veins in addition to existing ones. The sampling program, conducted in early October 2025, involved taking chip samples from all five veins, with nine samples submitted for analysis—one of which was a waste rock sample.
The assay results reflect significant high-grade mineralization, particularly from the Pit Vein, which exhibited consistent results akin to historic samples. While samples from the newly identified West Vein, Mid West Vein, and 16 East Vein did not meet the required grades for inclusion in bulk sampling, the overall discovery of previously unknown veins enhances the project’s long-term potential.
CEO Peter Espig expressed optimism regarding the results, noting that they exceeded expectations, with the discovery of new veins suggesting a larger scale of operation ahead. The preliminary work confirms that all veins remain open for further exploration, setting a promising stage for Nicola Mining as it focuses on bulk sample extraction and expanding its understanding of the project throughout 2026.
The Dominion Gold Project spans approximately 1,058 hectares and is part of a broader effort by Nicola Mining to leverage its existing mill and tailings facilities. Additionally, the company announced a shift in processing arrangements with Talisker Resources Inc., indicating a strategic realignment for future operations. The report concludes with a reminder that the scientific and technical findings have been reviewed by qualified professionals within the company, ensuring that stakeholders are informed of the ongoing developments in the promising Dominion Gold Project.
MWN-AI** Analysis
**Market Analysis and Investment Advice for Nicola Mining Inc. (TSXV: NIM)**
Nicola Mining Inc. recently announced impressive assay results from the Dominion Gold Project, revealing grades of up to 113 grams per tonne (3.65 ounces) of gold. This development significantly enhances the project's attractiveness, especially with the discovery of previously unknown veins – a factor that can lead to future resource expansion.
**Investment Considerations:** 1. **High-Grade Potential**: The assay results confirm that the Pit Vein holds exceptionally high-grade gold, comparable to historic grades. This could warrant further investments into scaling operations and extending exploratory drilling across the newly discovered veins.
2. **Resource Expansion**: With all five veins remaining open in all directions and the potential for additional vein discoveries, Nicola Mining appears well-positioned to increase its resource base. The new 16 East Vein, in particular, may present an opportunity for significant gold production as it is reportedly high-grade and still unexplored in areas.
3. **Bulk Sampling and Production Plans**: The company plans to focus on bulk sampling in 2026, which will be critical in determining the economic viability of operations on a larger scale. Investors should watch for updates on extraction plans and any anticipated production metrics.
4. **Operational Efficiencies and Strategic Management**: Under CEO Peter Espig's leadership, Nicola Mining shows a strategic approach to project enhancements and operational management, including cost-effective processing of ore at its permitted mill. This capability may afford the company significant competitive advantages in processing costs.
5. **Market Conditions**: Given the current gold market dynamics, where prices have shown volatility, Nicola Mining’s high-grade finds can shield it somewhat from market dips. However, prospective investors should remain cautious of fluctuations in gold prices, which directly influence mining operations and profitability.
**Conclusion**: The exceptionally high assay results from the Dominion Gold Project offer a compelling investment thesis for Nicola Mining. Investors seeking exposure to junior mining with strong growth prospects may find Nicola Mining a valuable addition to their portfolios, especially as further exploration and bulk sampling results emerge. However, due diligence around gold market conditions and the company's operational performance remains prudent.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it received final assays from the Dominion Gold Project ("Dominion Gold"). The Company provided an update on its 2025 work on November 4, 2025. Chip samples were taken from all five veins, three of which are newly discovered, to measure exposed vein grades prior to commencing extraction, Figure 1.
A sampling program targeting the exposures of the new veins discovered during development work for the bulk sampling of the pit and 16 veins to determine if the new veins carried high enough gold values to warrant including them in the bulk sample. A total of nine samples, including one sample of waste rock that is not included, were collected by the mine manager, Alan Raven, and his co-manager, Randy Mervyn, on October 6th and 7th.
Samples from the pit vein are similar to the historic high-grade samples. Pit Vein sample spans across the 2.7 metres of the exposed vein with a 1x1 metre panel sample of the vein taken within the pit. The 5-metre exposure was not sampled this trip as it was underwater. The results are representative of the high-grade mineralization in the veins and not of the total volume of material being extracted for the bulk sample.
Table 1: Chip Sampling Across Exposed Veins
| Sample # | g/t Au | Oz / t Au | Location | Sample Area |
| DC25-12 | 0.526 | 0.02 | West Vein | 2m by 3m |
| DC25-13 | 0.104 | 0.00 | West Vein | 3m by 3m |
| DC25-14 | 0.433 | 0.01 | Mid West Vein | 0.8m across exposed vein |
| DC25-15 | 55.17 | 1.77 | Pit Vein | 1.5m |
| DC25-16 | 29.25 | 0.94 | Pit Vein | 1.2m |
| DC25-17 | 113.51 | 3.65 | Pit Vein | 1.0m |
| DC25-19 | 37.2 | 1.20 | 16 Vein | 1.4m |
| DC25-20 | 9.4 | 0.30 | 16 East Vein | 1.6m |
Note: See Figure 2 on next page for map
Key Takeaways include the following:
- All veins remain open in all directions.
- The West Vein, Mid West Vein and 16 East Vein were all previously unknown.
- Previously unknown 16 East Vein has been followed for 40 metres at surface but remains open in all directions.
- Pit Vein sample spans across the five metres of the exposed vein.
- Under terms of the agreement, Nicola holds a 75% economic interest, after which it owns 100% of the Dominion Gold.
The samples were collected from a typical area of each new exposure to help determine the average grade of the veins sampled. Sampling was done using a hammer and rock chisel, samples were placed in a poly bag, labeled on the outside with a sample number with a corresponding number written on survey flagging and placed inside the sample bag, and secured with a zip tie. Samples averaged 2 to 3.5 kilograms each. The samples were then transported by the mine manager, Alan Raven, to his residence, stored in locked facilities until they were transported and delivered on October 30 to Paragon Geochemical laboratory in Surrey BC, an independent ISO 17025:2017 accredited geochemical testing laboratory. Samples were crushed and pulverized (lab code PREP) then analyzed for gold using 2-cycle PhotonAssayTM (lab code (PA-AU02 Au). The analytical results that the present exposures of the West vein and the Mid-west vein indicate that they are not of a high enough grade to be included in the bulk sample.
Figure 2. Current Map of Dominion Gold Project (modified from 2020 to include new veins and sample locations; note that DC-25-18 was waste pile sample)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273763_6529c675f4d4091c_001full.jpg
Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "We had expected the grades to be high and assay results clearly confirm what we had hoped for. However, the scale and new vein discoveries were, unanticipated exciting revelations of Dominion's long-term potential. During 2026 we will focus on both bulk sample extraction and better understanding of project scale."
Nicola also announces that it has provided Talisker Resources Inc., 60 days' notice after which it the Company will no longer accept ore for processing at its Merritt facility.
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.
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 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 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/273763
FAQ**
How do the recent assay results from Nicola Mining Inc. NIM:CC at the Dominion Gold Project influence the company's potential for long-term growth in the mining sector?
What specific factors led to the discovery of the new veins at the Dominion Gold Project, and how might this impact Nicola Mining Inc. NIM:CC's resource estimates moving forward?
How will the decision to stop accepting ore from Talisker Resources Inc. affect the operational strategy of Nicola Mining Inc. NIM:CC in the next fiscal year?
What are the key geological characteristics of the Dominion Creek Property that make it a valuable asset for Nicola Mining Inc. NIM:CC and its exploration plans?
**MWN-AI FAQ is based on asking OpenAI questions about Nicola Mining Inc. (TSXVC: NIM:CC).
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