EV Nickel Announces High-Grade Nickel Intersections From Langmuir Project
EV Nickel Announces High-Grade Nickel
Intersections From Langmuir Project
Wednesday, December 8, 2021 8:00 AM
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US
WIRE SERVICES
• Extremely high-grade nickel associated with W4 Zone including 8.66%
Ni over 1.11 metres in hole EV21-01
• Very high nickel tenors ranging from 18% to >40% Ni (estimated
content of nickel in 100% sulphide) associated with the W4 Zone
anticipated to be reflected in concentrate grades when metallurgical
testing is initiated
• Drilling has intersected the mineralized ultramafic unit to the west of
the defined boundary of the W4 zone
TORONTO, ON / ACCESSWIRE / December 8, 2021 / EV Nickel Inc.
(TSXV:EVNI) ("EVNi" or the "Company") is pleased to announce that exploration
drilling on the Langmuir Nickel Project ("Langmuir" of the "Property") from the
inaugural drill program with significant intersections from within and along the eastern
and western boundaries of the W4 Nickel Zone.
Since June 2021, a total of 20 holes representing 4,192 metres of diamond drilling on
the Langmuir Nickel Project. Assay results for 10 holes of the 2021 exploration drill
program are reported in the Table 1 below. Drill hole information including the location
of the collars, dip and azimuth of the holes and the final depth are provided in Table 2.
"We are very excited to start getting assay results and these begin to confirm our
excitement for the potential of the Langmuir Project and the Shaw Dome more
broadly," said Sean Samson, President & CEO of EVNi "This is a district which has
produced nickel with the sorts of grades that get turned into mines."
"I am extremely encouraged by the mineralization observed within the W4 Zone,"
states Paul Davis, EVNi's Vice President of Exploration. "The unique characteristics of
this deposit with a lower magnetic susceptibility and disseminated sulphides with a high
nickel tenor opens up additional priority targets for exploration on the Langmuir
Property. We are gearing up to start our Phase 2 drill program testing additional high
priority targets along the favourable geologic trends to the east and west of W4."
The drill program was designed to test gaps within the W4 Zone historic drilling and
provide EVNI with representative intersections of the W4 mineralization, test the
eastern and western boundaries of the W4 Zone and explore the favourable ultramafic
horizon to the east and west of the W4 mineralization.
Drilling within the W4 Zone intersected significant nickel mineralization associated with
disseminated, blebby, veined and massive sulphides hosted in a serpentinized
ultramafic unit including 40.2 metres grading 0.68% Ni in hole EV21-08; 17.10 metres
grading 0.91% Ni in EV21-02; and 1.11 metres grading 8.66% Ni in EV21-01. These
results confirm the high-grade nature of the sulphides mineralization associated with
the W4 Zone. EV Nickel has implemented the analysis of sulphur for all drill core
samples, allowing the Company to determine the nickel tenors, (nickel content in 100%
sulphide) that have been calculated between 18% to >40% within the W4 Zone. This
indicates that significant nickel mineralization is associated with low sulphide
concentrations of less than 5% sulphide within the host ultramafic host. Assay results
are pending for 10 holes of the Phase I drill hole program.
The type of nickel mineralization associated with the W4 Zone is not typical of the other
nickel deposits hosted within the Shaw Dome, south of Timmins, Ontario. The sulphide
composition of the mineralized zones is composed almost exclusively of pentlandite
resulting in significant nickel grades being associated with low sulphide contents. The
sulphide mineralization is also finely disseminated within the zone and has led the
Company to expand the sampling in holes EV21-01 and EV21-10 to include intersections
adjacent to those reported in Table 2 for which the assays are still pending. This style
of mineralization also presents with a different geophysical signature than the
traditional deposits and opens up additional target areas within the Langmuir Property.
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 standards and blanks that are included 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 is a Canadian nickel exploration company, focused 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% Ni, ~15M lbs
of Class 1 Nickel. EV Nickel's objective is 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
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 1J9
www.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.