- EV24-L04 intersected 18.5m grading 1.07% Ni, 7.5m grading 1.67% Ni, 2m grading 3.27% and 1m at 5.11%
- Assay results indicate high nickel tenor
TORONTO, ON – EV NICKEL INC. (TSX-V: EVNI) (“EVNi” or the “Company”) is pleased to announce high-grade nickel intercepts from the 2024 drill program on the Langmuir #2 Nickel Zone. Results are illustrated in Table 1 below and with intercepts grading from 1.07% Ni to as high as 5.11% Ni in drill hole EV24-L04.
In addition, the assay analysis indicates that the nickel sulphides have a higher than expected nickel tenor ranging from ~12% to >40% Ni (nickel tenor is a calculated nickel content in 100% sulphide).
Paul Davis, Vice President Exploration says of the drill results:
“I am extremely pleased with the results of this preliminary drill program. Throughout my >30 year association with this area I have had high conviction that multiple, significant high-grade deposits exist throughout EV Nickel’s land package which is in close proximity to Timmins. The high nickel tenors observed from the Langmuir #2 nickel zone are very encouraging. The 2024 Exploration program was designed to confirm the style and nature of the nickel mineralization at Langmuir #2 and thus far it has been highly successful. I believe the Shaw Dome has a major significance for the Timmins area and could be a long term source of low carbon intensity, North American nickel.”
The high-grade assay results announced today represent the first 4 holes of the 2024 program targeting the down plunge high-grade nickel associated with the formerly producing Langmuir #2 Nickel Mine (For the Langmuir #2 Zone location in the Shaw Dome Project, please see Figure 1).
The Langmuir #2 target represents the first of 4 high-grade nickel zones to be tested by the Company which also include the W2 and Croxall nickel targets identified with limited historical exploration over the past 20 years. The Company previously released its 43-101 Technical Report on the 2Mt grading 0.98% Ni high-grade W4 deposit (comprised of a Measured and Indicated Resources of 1.45Mt grading 0.98% Ni and Inferred Resource of 0.56Mt grading 0.98% Ni; see news releases dated June 16, 2023 and July 26, 2023).
The Company plans to diamond drill the additional high-grade targets over the coming months to advance on the high-grade nickel strategy with an objective of advancing towards a short to medium term source of Canadian nickel into the EV Battery manufacturing supply chain.
The High-Grade targets and deposits in the southern portion of our Land package is in addition to EVNi’s Large-Scale CarLang A Nickel Deposit located approximately 2km to the northeast of the Langmuir #2 zone.
Together, the high-grade and large-scale deposits provides EVNi with a project pipeline with the potential to grow a strong, sustainable nickel source for North American markets.
This diamond drill hole program is designed to confirm the down-plunge potential and demonstrate the exceptional potential of the mineralized trend that hosts additional high-grade nickel sulphides. The objectives of this program include expanding the known mineralization along the interpreted plunge of the mineralization and expanding the size of the nickel sulphide mineralized envelope. In addition, this program has provided EVNi with fresh samples of the nickel sulphide mineralization.
Following on the successes of the Langmuir 2 drilling program, EVNI will continue to execute on the remainder of the 2024 diamond drilling program testing the continuity of the 10 kms of strike of the dunites and peridotites of the CarLang Trend and test the extension of the W4 deposit below the current resource envelope to define the mineralization boundary below 400 metres vertical depth.
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