Monitor assay results expected by year-end 2026; positive results could validate the MB Zone as a significant discovery, while negative results would de-risk the target. No financial data to trade on until assays are released.
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Executive Summary
Nicola Mining Inc. announced the commencement of its first-ever drill program at the MB Zone of the Treasure Mountain silver mine, a previously undrilled target. The company reported visual observations of intense mineralization in the first drill core, but assay results are pending until year-end. This is a pure exploration update with no financial data or production results.
Key Facts
- Commenced 2026 exploration drilling program at Treasure Mountain's MB Zone, a previously undrilled target
- Program comprises four drill holes totaling approximately 800 meters
- Drilling expected to be completed by end of September 2026; assay results expected by year-end
- Visual examination of first drill core identified intervals exhibiting intense mineralization
- Historical surface sampling (2019-2020) returned high-grade results including sample 2100207: 1,300 g/t Ag, 2.59 g/t Au, 27.4% Pb, 27.2% Zn
- Treasure Mountain mine has been on care and maintenance since 2013
Financial Impact
No financial figures disclosed; exploration-stage event with no revenue or production impact
Risk Factors
- Visual mineralization estimates are not a substitute for analytical results and may not be confirmed by assays
- Exploration drilling is inherently high-risk; the MB Zone has never been drill-tested before
- No timeline or budget for follow-up drilling beyond this 4-hole program
- Treasure Mountain mine remains on care and maintenance with no restart timeline
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-005012 |
| Document: form6k.htm | 0001062993-26-005012 |
| Document: 0001062993-26-005012-index-headers.html | 0001062993-26-005012 |
| Document: 0001062993-26-005012-index.html | 0001062993-26-005012 |
| Document: 0001062993-26-005012.txt | 0001062993-26-005012 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 11d ago | 6-K | $5.30 | awaiting T+20 | — | $4.71 (−11.13%) |
Sep 18, 2026 5w ago | 6-K | $5.99 $5.25 | ▼ −12.30% | ▼ −12.50% | $4.71 (−21.32%) |
Sep 17, 2026 5w ago | 6-K | $5.99 $5.25 | ▼ −12.30% | ▼ −12.50% | $4.71 (−21.32%) |
Aug 31, 2026 8w ago | 6-K | $6.52 $5.56 | ▼ −14.72% | ▼ −14.54% | $4.71 (−27.76%) |
Aug 13, 2026 10w ago | 6-K | $6.02 $5.91 | ▼ −1.83% | ▲ +0.16% | $4.71 (−21.76%) |
Aug 10, 2026 11w ago | 6-K | $6.21 $6.68 | ▲ +7.57% | ▲ +8.48% | $4.71 (−24.15%) |
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