EV Nickel announces continued High-Grade Nickel Intersections from Langmuir, completing the Phase 1 Drilling
EV Nickel announces continued High-Grade Nickel Intersections
from Langmuir, completing the Phase 1 Drilling
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US
WIRE SERVICES
• The second half of the Phase 1 drill program on the Langmuir Nickel Project included:
o EV21-09 intersects 15.7 metres grading 1.14% Ni on eastern margin of W4
o EV21-01 intersection extended to 19.5 metres grading 0.96% Ni
• These results now confirm nickel sulphide mineralization to the east and west of the W4
Zone
• Phase 2 drilling starts now, on additional high priority targets, full details of the plan to
be released next week
TORONTO, ON / ACCESSWIRE / January 4, 2022 / EV Nickel Inc. (TSXV:EVNI)
("EVNi" or the "Company") is pleased to report the assay results for the full Phase 1 drill
program on the Langmuir Nickel Project ("Langmuir" or the "Property"). Building off of the first
half results shared in December (see December 8, 2021 News Release), Rogue continues to
identify high-grade mineralization along trend of the W4 Zone.
Phase 1 focussed within and proximal to the W4 Zone and was designed to test gaps within the
historic drilling, provide representative intersections of the mineralization and test the favourable
ultramafic horizon to the east and west of the W4 mineralization. Phase 1 totalled 20 holes,
comprising 4,192 metres of diamond drilling.
Hole EV21-09 intersected 15.7 metres grading 1.14% Ni starting at a drill depth of 123.30
metres, testing an area along the eastern boundary of the W4 Zone, outside of the previously
identified nickel mineralization from the historic exploration. Hole EV21-09 represents a
significant, near surface intercept demonstrating potential to expand the known mineralization
along the edges and at depth in the W4 Zone.
A short drill interval of nickel sulphide mineralization identified in EV21-14, approximately 85
metres west of the interpreted western boundary of the W4 Zone, indicates that the stratigraphic
horizon hosting the W4 Zone continues to be a fertile geological sequence with the potential to
host additional nickel sulphide mineralization. This favourable stratigraphic horizon will form a
portion of the planned diamond drilling in the Phase 2 program.
"The strong results of the Phase 1 drill program confirmed the potential of the Langmuir Project
to host high grade, high nickel tenor, near surface nickel sulphide mineralization." states Paul
Davis, EVNi's Vice President of Exploration. "The intersection of nickel sulphide mineralization
to the west of the W4 Zone indicates that the komatiitic ultramafic sequence associated with the
W4 Zone, both to the east and west of the observed mineralized zone, remains sulphide saturated
with the potential to host additional nickel sulphide zones that will be explored during the Phase
2 drill program."
"Our first priority at EV Nickel is finding more nickel at Langmuir and this confirmation of the
mineralization to the east and west of W4 starts us down that path," said Sean Samson, President
& CEO of EVNi.
The complete results of the Phase 1 drill program are included in Table 1 (second half results in
bold):
Detailed location and depth details of the Phase 1 drill program are in Table 2 and are plotted on
Figure 1.
Upcoming Release of Drilling Information
EVNI plans to provide the full details of the Phase 2 drilling plan next week.
Assay QA/QC
Drill core samples from the 2021 drill program at the Langmuir Project are cut and bagged at the
core logging facility located near the property and transported to ALS Canada Ltd for analysis.
Samples, along with certified standards and blanks that are included by the Company for quality
assurance and quality control, were prepared and analyzed at the laboratory. Samples are crushed
to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper,
cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum,
palladium and gold by fire assay and ICP-AES finish. These and future assay results may vary
from time to time due to re‒analysis for quality assurance and quality control.
About EV Nickel Inc.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel
exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw
Dome area is home to its Langmuir project which includes W4, the basis of a 2010 historical
estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and
advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric
vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome
and has identified 30km of additional favourable strike length.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and
Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He
has reviewed and approved the technical information in this press release. There are no known
factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding the Langmuir project's 2010 historical estimate:
Historical mineral resources for Langmuir were estimated by SRK Consulting (Canada) Inc., as
documented in a report entitled, "Golden Chalice Resources Inc., Mineral Resource Evaluation,
Langmuir W4 Project, Ontario, Canada", dated June 28, 2010 (the "Historical Report"). A
qualified person, as defined by NI 43-101, has not done sufficient work to verify the historical
assay results and technical information reported herein. The Company is not treating the
Historical Report as current. The reader is cautioned not to rely upon any of the Historical
Report, or the estimates therein. The historical estimates are presented herein as geological
information only, as a guide to follow-up technical work, and for targeting of confirmation and
exploration drilling.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or
information are provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. Any such forward-looking information
may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar
expressions. Forward-looking statements or information are based on a number of factors and
assumptions which have been used to develop such statements and information, but which may
prove to be incorrect. Although EV Nickel believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue reliance should not be placed
on forward-looking statements because the Company can give no assurance that such
expectations will prove to be correct. Factors that could cause actual results to differ materially
from those described in such forward-looking information include, but are not limited to,
changes in business plans and strategies, market conditions, share price, best use of available
cash, the ability of the Company to raise sufficient capital to fund its obligations under various
contractual arrangements, to maintain its mineral tenures and concessions in good standing, and
to explore and develop its projects and for general working capital purposes, changes in
economic conditions or financial markets, the inherent hazards associated with mineral
exploration, future prices of metals and other commodities, environmental challenges and risks,
the Company's ability to obtain the necessary permits and consents required to explore, drill and
develop its projects and if obtained, to obtain such permits and consents in a timely fashion
relative to the Company's plans and business objectives, changes in environmental and other
laws or regulations that could have an impact on the Company's operations, compliance with
such laws and regulations, the Company's ability to obtain required shareholder or regulatory
approvals, dependence on key management personnel, natural disasters and global pandemics,
including COVID-19 and general competition in the mining industry. These risks, as well as
others, could cause actual results and events to vary significantly. The forward-looking
information in this press release reflects the current expectations, assumptions and/or beliefs of
EV Nickel based on information currently available to the Company. Any forward-looking
information speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new information, future events or results or
expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at [email protected].
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this
release.
SOURCE: EV Nickel Inc.