Currently, the company has received more than 16,000 tonnes of gold ore from the Cariboo gold project. The company has also hired employees to fill key positions required for gold production.
Nicola expects to receive results from its 2022 soil sampling program at its wholly owned New Craigmont copper property 14 km from Merritt and is preparing for an extensive exploration program in 2023.
Soil results will be published upon receipt, along with results from its district-wide airborne geophysical Z-axis tipper electromagnetic (ZTEM) survey to finalize drill hole locations. The ZTEM survey included inversion modelling carried out across the New Craigmont property has imaged the electrical conductivity signature of various mineral occurrences.
On Jan. 3, Osisko shared results from a feasibility study done on Cariboo that indicated 163,695 oz. average annual gold production over a 12-year mine life, bulk tonnage and initial…
