Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has reported final assay results from chip sampling at its Dominion Gold Project in Quebec, confirming multiple new high-grade vein discoveries and strong mineralization at the Pit Vein. The results represent a significant advancement in understanding the property's mineral potential and could have substantial implications for gold exploration in the region.
The company announced grades reaching up to 113.51 g/t gold over 1.0 meter, with additional intercepts of 55.17 g/t and 37.2 g/t gold from newly exposed areas. These high-grade results are particularly important because they come from previously unknown vein systems, including the West, Mid West, and 16 East Veins. All three newly discovered veins remain open in all directions, with the 16 East Vein traced for 40 meters at surface, indicating potential for significant expansion.
Peter Espig, CEO of Nicola Mining, stated that the results confirm what the company had hoped for and revealed unanticipated exciting revelations of Dominion's long-term potential. The discovery of multiple new vein systems in a single exploration program suggests the property may host a more extensive mineralized system than previously recognized. This development matters because high-grade gold discoveries in established mining jurisdictions like Quebec can significantly increase a project's economic viability and attract further investment.
Nicola Mining holds a 75% economic interest in the Dominion Gold Project and plans to advance bulk sampling and further define project scale in 2026. The company's strategy to move toward bulk sampling indicates confidence in the continuity of mineralization and represents an important step toward potential future production. For investors and the mining industry, these results demonstrate the ongoing potential for new discoveries in well-established mining regions, challenging the notion that all major deposits have already been found.
The full details of these significant findings are available in the company's official press release at https://ibn.fm/lkFXs. Additional information about Nicola Mining's ongoing developments can be found in the company's newsroom at https://ibn.fm/HUSIF. The discovery of multiple high-grade gold veins in a single property underscores the importance of continued exploration in mining-friendly jurisdictions and could signal new opportunities for gold production in Quebec's established mining landscape.
