Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has launched its 2026 exploration diamond drilling program at the New Craigmont Copper Project in British Columbia. The program focuses on the ‘Jotun’ anomaly, a geophysical target identified through prior ZTEM surveying and supported by encouraging results from 2023 drilling. The company aims to test a resistivity anomaly at approximately 775 meters depth to evaluate the potential for a porphyry-skarn system and expand understanding of mineralization, geological structures, and alteration across a newly prioritized exploration zone.
The New Craigmont Project, a high-grade copper property wholly owned by Nicola Mining, covers 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. This location provides significant geological context, as the Guichon Batholith is known for hosting major copper deposits. The 2026 program includes a deep drill hole designed to probe beneath previous drilling, targeting a resistivity anomaly that could indicate a buried porphyry-skarn system. Success could unlock a new mineralized zone and enhance the project’s economic viability.
The importance of this drilling program extends beyond Nicola Mining. Copper is a critical metal for global electrification and renewable energy infrastructure, with demand projected to rise sharply. Discoveries like a potential porphyry-skarn system at New Craigmont could help meet future supply needs. For the industry, the program tests the effectiveness of ZTEM surveying in identifying deep, concealed mineralization, offering a model for exploration in similar geological settings. For investors, positive results could significantly increase the project’s value and attract partnerships or acquisition interest.
Nicola Mining maintains a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver via gravity and flotation. The company also holds the Treasure Mountain Property, comprising 30 mineral claims and a lease spanning over 2,200 hectares. This infrastructure provides a strategic advantage for potential processing of copper concentrates from New Craigmont, reducing development risks.
The 2023 drill results that supported the current program indicated promising copper mineralization, reinforcing the decision to target the Jotun anomaly. The new deep hole will test the geological model at greater depth, where porphyry systems often exhibit higher grades. The company has stated it aims to evaluate the potential for a porphyry-skarn system, which could host significant copper resources if confirmed.
For the local community in British Columbia, a successful discovery could bring economic benefits through job creation and increased mining activity. The region is already home to major mining operations, and Nicola Mining’s progress could strengthen the province’s position as a leading copper producer. The program also highlights the ongoing exploration investment in Canada’s mining sector, supporting innovation in geophysical targeting and deep drilling techniques.
More information on the company and the project can be found in the company’s newsroom at https://ibn.fm/NICM and the full press release is available at https://ibn.fm/Iyj8W.
