Nicola Mining Inc., a company operating within the materials sector, specifically in the metals and mining industry, has initiated a new drilling program at its Treasure Mountain silver project located in British Columbia, Canada. This initiative marks a significant step in the company’s exploration activities, transitioning the Treasure Mountain project from a preservation phase to active exploration.
The drilling program is concentrated on the previously undrilled MB Zone, where the company plans to conduct a four-hole campaign, totaling approximately 800 meters. The primary objective of this campaign is to test quartz-sulphide veins that have exhibited polymetallic mineralization in surface samples. These samples have shown the presence of valuable metals such as silver, lead, zinc, copper, and gold.
Early observations from the initial core drilling have revealed intense sulphide mineralization. However, formal assay results are still pending. The company anticipates completing the drilling operations by the end of September and aims to release the assay data by the end of the year.
This strategic move is expected to have a potential impact on the valuation of the Treasure Mountain project and could enhance Nicola Mining Inc.’s broader resource base. Analysts have highlighted that the transition from preservation to active exploration could significantly influence the project’s prospects and the company’s market position.
As of September 22, 2026, Nicola Mining Inc. is listed on the TSX Venture Exchange with a close price of CAD 0.67. The company’s market capitalization stands at CAD 153,780,000. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of CAD 1.35 on February 8, 2026, and a 52-week low of CAD 0.63 on July 19, 2026. The price-to-earnings ratio is currently at -13.21, reflecting the company’s financial performance and market expectations.
Nicola Mining Inc. continues to focus on identifying, acquiring, and exploring precious metals and minerals, leveraging its expertise in the mining service sector. For more information, stakeholders can visit the company’s website at www.nicolamining.com .
