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Bullboard - Stock Discussion Forum Nicola Mining Inc HUSIF


Primary Symbol: V.NIM

Nicola Mining Inc. is a Canada-based junior mining company. The Company maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of approximately 10,913 hectares (ha) along the southern end of the Guichon Creek Batholith and is adjacent to Teck Resources Ltd... see more

TSXV:NIM - Post Discussion

Nicola Mining Inc > RE: BLLG investment
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Post by stockwatcher7 on Apr 05, 2024 10:36am

RE: BLLG investment

Pellaire property

https://bluelagoonresources.com/pellair-gold-project/

Work conducted by Jaguar International Equities Inc.

In 1996, Jaguar International Equities extracted 1,270 tonnes of mineralized material from the #4 and #5 veins, of which 780 tonnes was sent to the Cominco smelter in Trail, B.C. The smelter returned average grades of 46.5g/t Au and 152.5g/t Ag (MINFILE 092O 045 report). In 1997, a total of 1,138 dry tons of mineralized material was mined from the #4 and #5 veins.

All of this material was processed at the Cominco smelter. The smelter returned average grades of 23.65 g/t Au and 74.95 g/t Ag (Gaboury, 1997). The following table summarizes the smelter grades of the 1997 mined material by lot number.


Date Lot # Dry Tons Au oz/ton Ag oz/ton
August 20, 1997 6 67.1335 1.20 4.250
November 5, 1997 7 442.137 0.6050 1.90
November 5, 1997 8 168.9600 0.6050 1.90
December 9, 1997 9 84.6795 0.6050 1.90
December 8, 1997 10 287.4940 0.8960 2.50
January 8, 1998 11 87.9940 0.3850 1.850
TOTAL   1,138.3985
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