Nicola Mining Inc. (TSXV: NIM) has announced the completion of its 2026 mining campaign at the Dominion Creek Gold Project, including the shipment of approximately 1,300 tonnes of high-grade mill feed to its processing facility in Merritt, British Columbia. The company expects material from Dominion Gold and Red Eye Resources, along with mill feed processed under its agreement with Blue Lagoon Resources, to contribute to fourth-quarter revenue. The announcement also highlights the identification of previously unrecognised mineralised veins and signals the company's intent to evaluate future acquisition opportunities with a similar pathway to monetisation.

Key Points

  • Nicola Mining Inc. (TSXV: NIM | FSE: HLIA | OTCQB: HUSIF)
  • 2026 mining campaign at Dominion Creek Gold Project completed, with approximately 1,300 tonnes of high-grade mill feed shipped to Merritt for processing
  • Three mineralised structures mined in 2026: the Pit Vein, 16 Vein, and newly identified 16 East Vein; all veins remain open in multiple directions
  • Investors may be watching for Q4 revenue contribution and any updates on 2027 operational plans at Dominion Gold

Three Mineralised Structures Targeted During Dominion Gold's 2026 Campaign

Mining activities in 2026 focused on three distinct mineralised structures: the approximately five-metre-diameter Pit Vein, the approximately 1.5-metre-diameter 16 Vein, and the newly identified 16 East Vein. The 2026 campaign was initially scheduled to begin in early July but was modestly deferred following the mid-July arrival of purchased equipment and additional mine development work prompted by the discovery of previously unrecognised mineralised veins. The release states that all identified veins remain open in multiple directions, and the discovery of additional mineralised structures highlights opportunities for further geological evaluation.

Traxxon Drilling Unit Deployment Improved Extraction Efficiency

A key operational development during the campaign was the late-July deployment of a Traxxon drilling unit mounted on a CAT 336 excavator, which the company states materially improved extraction efficiency. With mine development now completed and key mining equipment mobilised and operational, Nicola believes Dominion Gold is positioned to support increased material extraction in 2027. The company also notes that greater utilisation of its wholly owned Merritt processing infrastructure is expected as a result of completed mine development activities undertaken during the 2026 program.

Dominion Gold Positioned to Contribute to Q4 Revenue Alongside Mill Agreements

Nicola expects material sourced from Dominion Gold and Red Eye Resources, together with mill feed processed under its agreement with Blue Lagoon Resources, to contribute to fourth-quarter revenue. The release notes that Nicola holds a 75% economic interest in Dominion for the first 10,000 tonnes, after which ownership moves to 100%. CEO Peter Espig stated in the release that the company advanced Dominion Gold from acquisition through mine development and bulk-sample extraction in approximately three years, and expressed intent to evaluate additional acquisition opportunities with a clear pathway to potential monetisation within a similar timeframe.

Dominion Creek Property Background and Qualified Person Oversight

The Dominion Creek Property comprises nine mineral claims covering approximately 1,058 hectares. Historical work by Noranda Exploration Company Ltd. between 1987 and 1990 included 3,399 soil geochemical samples and 53 shallow diamond drill holes totalling 3,483.86 metres. The scientific and technical disclosures in the announcement were reviewed and approved by Will Whitty, P.Geo., Vice President of Exploration and the company's designated Qualified Person under NI 43-101. The immediate share price impact was not clear from available public information.