Ev Nickel Drills Best Hole to Date & Expands Nickel Sulphide Zone at Gemini North Intersecting 186.5M Grading 0.36% Nickel
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March 19, 2025 TSX-V: EVNI
EV NICKEL DRILLS BEST HOLE TO DATE & EXPANDS NICKEL
SULPHIDE ZONE AT GEMINI NORTH INTERSECTING 186.5M
GRADING 0.36% NICKEL
• Highlights include 186.5m grading 0.36% Ni; and 55.9m grading 0.40% Ni; and 9.0m grading 0.51% Ni
• Evidence that Gemini North Zone represents a magmatic sulphide source
• Elevated S, Cu and PGM contents compared to CarLang A Deposit
• Metallurgical Test Program with SGS Canada commencing in coming weeks
TORONTO, ON – EV NICKEL INC. (TSX-V: EVNI) (“EVNi” or the “Company”) is pleased to announce the first 6 holes of the
2025 diamond drill program designed to explore the recently discovered Gemini North Zone on its Shaw Dome Project.
Assay results have been received for 6 of the 12 holes completed on the Gemini North Zone (see tables 1 and 2) . All 6
holes reported in this release intersected similar style sulphide mineralization as previously reported Hole EV24 -CAR08
(see press release dated October 8, 2024 ). The Gemini North Zone is located on the northern end of the CarLang Trend
(see Figures 1 and 2).
Nickel mineralization identified at the near surface Gemini North Zone includes the longest intersections of >0.34% Ni
completed to date on the CarLang Trend Large-Scale Project including an intersection of 9.0m grading 0.51% Ni in hole
EV25-GN06. The diamond drill program was designed to define the orientation and expand the mineralized envelope of
the Gemini North Nickel Sulphide Zone. Sulphide mineralization is still open in multiple directions and has not been
defined by the current drill hole program.
Sulphur contents are significantly enriched when compared to other large-scale nickel projects around the Timmins area
and contain higher proportions of copper, platinum and palladium than observed at the CarLang A Deposit. These results
further confirm the interpretation that the Gemini North Zone represents a primary nickel sulphide zone associated with
the host peridotites and dunites.
“The Gemini North Zone is developing into a potentially significant zone of nickel sulphide mineralization within our overall
CarLang Trend,” said Paul Davis, Vice President Exploration. “All 6 of the first 12 holes of the Gemini North drill program
intersected similar style disseminated and blebby sulphides as first observed in Hole CAR08 with broader zones of even
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better nickel mineralization than seen in 2024 ’s single hole. We are further encouraged by the continuity highlighted by
186.5 metres grading 0.36%, with meaningfully higher interval grades and elevated byproducts. If the zone continues to
expand and grow in size, this could represent a near surface area with a style of mineralization that would react well to
conventional milling processes and has similarities to a “Mt Keith” style of nickel sulphide mineralization (BHP’s world-class
open-pit nickel complex in Western Australia).”
Drill Hole UTM Easting
(mE)
UTM Northing
(mN)
Elevation
(m)
Dip
(°)
Azimuth
(°)
Depth
(m)
EV25-GN01 498603 5359619 305.2 -90 - 300
EV25-GN02 498565 5359583 305.2 -90 - 300
EV25-GN03 498523 5359560 305.4 -90 - 300
EV25-GN04 498645 5359645 306.1 -90 - 300
EV25-GN05 498633 5359575 304.7 -90 - 297
EV25-GN06 498591 5359547 304.9 -90 - 300
EV25-GN07 498550 5359517 304.1 -90 - 300
EV25-GN08 498673 5359604 304.7 -90 - 300
EV25-GN09 498575 5359657 304.7 -90 - 300
EV25-GN10 498534 5359628 304.7 -90 - 300
EV25-GN11 498914 5359599 304.7 -90 - 300
EV25-GN12 498434 5359475 304.7 -90 - 300
Table 2: 2025 Drill Program - Gemini North -Location and Depth
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The presence of two higher grade intervals including 3.85% Ni over 0.20m in Hole EV25-GN05 and 1.07% Ni over 0.30m in
Hole EV25-GN06 is highly encouraging for the potential for zones of higher-grade nickel mineralization associated with
the Gemini North Zone and overall CarLang C area. These higher-grade nickel results indicate that the komatiitic host
units were saturated in sulphur while still in a molten state, versus that the sulphides were introduced after solidification
of the peridotites and dunites, and is additional evidence that the Gemini North Zone is a magmatic sulphide style of
mineralization.
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The Company has engaged SGS Canada Inc. to complete a robust metallurgical program on the Gemini North Zone. Sample
selection and preparation will begin in the coming weeks as all assay data is received for the fist stage of the drill program.
The progra m will complete both open cycle and closed cycle flotation tests, mineralogical analysis and comminution
testing to define the recovery and physical properties of the Gemini Zone with the objective to define the optimal flow
sheet to recovery the critical minerals associated with the zone.
Results of the first stage of diamond drilling will be interpreted to define the orientation of the higher nickel and sulphide
zones and a second stage drill program will begin to define the extent and size of the Gemini North Zone. This drilling is
expected to begin before summer 2025.
Assay QA/QC
Surface samples from EVNi sampling program on the Geminin North Zone at the Shaw Dome Project are sampled and
bagged in the field and reviewed at the core logging facility located near the Shaw Dome Project. Samples are transported
to Activation Laboratories Limited (“Actlabs”) i n Timmins for preparation and 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 laboratories. At Actlabs, samples are crushed to 80% passing 2mm. A riffle split is pulverized to 95% passing
105 microns. Nickel, copper, cobalt, iron and sulphur are analyzed by peroxide fusion with an ICP -OES finish and gold,
platinum and palladium are analyzed by Fire Assay with an ICP-OES 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 provide the world with clean nickel from Tier 1 jurisdictions. Our projects are located within 30
km of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets, as
well as an important emerging critical mineral district for North American efforts to bring on -shore the full vertical
integration of electric batteries and vehicles.
EV Nickel aims to play an integral part of the North American on -shoring initiative as the Company’s clean , low carbon
deposits can be an important source of supply to support the Inflation Reduction Act (IRA) and Ontario and Federal policies
and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain
and globally.
In further support of this initiative, the Company has and will continue to partner with environmentally responsible and
ethical organizations from around the province and around the world to assist in developing these essential critical
minerals. EV Nick el is also eager to collaborate with all stakeholders and leading sustainable engineering, mining,
automotive and battery companies to provide this key input to support global decarbonization initiatives. The
governments of Ontario and Canada are also pro viding significant legislative, policy and financial support to help ensure
that the Timmins region becomes a leading participant in the developing North American supply chain for the clean energy
transition.
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.
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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 "anticipate", "proposed", "estimates", "would", "expects",
"intends", "plans", "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 EVNi 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, dependence on key management personnel, 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 EVNi 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.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities
Act "), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons
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Contact Information
For further information, visit www.evnickel.com
Or contact: Paul Davis
E-mail: [email protected]
EV Nickel Inc.
200 – 150 King St. W
Toronto, ON M5H 1J9
www.evnickel.com
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of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.