Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has recently been granted a multi-year area-based exploration permit (MX-15-121) for its Treasure Mountain Silver Project in British Columbia. This permit, alongside a previously secured 10-year mining lease extension, authorizes the company to conduct a wide range of exploration activities over the next five years. These activities include drilling up to 30 holes, trenching, trail building, and geophysical surveys, marking a significant step forward in the project's development.
The acquisition of this permit is a strategic move for Nicola Mining, as it allows the company to simultaneously advance both mining and exploration efforts at Treasure Mountain. With silver prices remaining strong, the company is well-positioned to revitalize this historically significant asset. CEO Peter Espig highlighted the importance of these permits in leveraging the current market conditions to maximize the project's potential.
The Treasure Mountain Silver Project, wholly owned by Nicola Mining, spans over 2,200 hectares and includes 30 mineral claims and a mineral lease. The project's location in British Columbia, a region known for its rich mineral resources, adds to its strategic value. The new exploration permit not only underscores the project's potential but also reflects the company's commitment to sustainable and responsible mining practices.
This development is significant for the mining industry and investors alike, as it demonstrates Nicola Mining's ability to secure necessary permits and advance its projects in a timely manner. The Treasure Mountain Silver Project's progress could contribute to the local economy by creating jobs and generating revenue, while also supplying the global market with much-needed silver. As the company moves forward with its exploration activities, stakeholders will be watching closely for updates on the project's findings and its impact on Nicola Mining's growth trajectory.
