Nicola Mining Advances Treasure Mountain Silver Project Toward 2026 Drilling Program

Nicola Mining Inc. has announced significant progress in preparation for its 2026 exploration drilling program at the Treasure Mountain Silver Project, located 30 kilometers northeast of Hope, British Columbia. The company provided updates on 2025 preparation work and outlined plans for advancing exploration at the fully permitted silver mine, which has been on care and maintenance since 2013 due to unfavorable silver prices. The upcoming drilling program follows years of extensive groundwork, including an airborne magnetic geophysical survey, comprehensive soil sampling, and 2025 field reconnaissance focused on defining drill targets northwest of the currently suspended mine operations.

Recent regulatory approvals have strengthened Nicola Mining's position to advance the project. The company received a multi-year area-based exploration permit that allows for diamond drilling and trenching activities. Additionally, the mine lease has been extended for 10 years through April 26, 2032, providing long-term operational security for the project's development. These permits and extensions are detailed in the full press release available at https://ibn.fm/6gV9b. Treasure Mountain represents a core asset for Nicola Mining, with the company maintaining 100% ownership of the property. The project includes 30 mineral claims and a mineral lease spanning more than 2,200 hectares.

The company's strategic positioning comes at a time when silver market conditions are showing signs of strengthening, potentially making the project economically viable for renewed development. The company maintains additional information and updates available through its newsroom at https://ibn.fm/HUSIF, providing investors and stakeholders with ongoing transparency regarding project developments. Nicola Mining's comprehensive approach to exploration, combining historical data with modern surveying techniques, demonstrates the company's commitment to thorough resource evaluation before committing to capital-intensive drilling operations.

With the Treasure Mountain Silver Project advancing toward its 2026 drilling program, Nicola Mining has established a clear pathway for potentially reactivating a significant silver asset in British Columbia's mining landscape. The combination of secured permits, extended lease terms, and systematic exploration planning positions the company to effectively respond to improving market conditions while maintaining responsible development practices. These preparatory activities have positioned the company to effectively target high-potential areas when drilling commences next year, marking an important step in the potential revitalization of this silver mining project.