EV Nickel Phase 2 Drilling Results: Reports 5.4 Metres Grading 2.96% Ni From “W4 Extension”
EV Nickel Phase 2 Drilling Results: Reports 5.4 Metres Grading
2.96% Ni From “W4 Extension”
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE
SERVICES
● EV22-12 intersects 14.3 metres grading 1.50% Ni, including 5.4 metres grading 2.96% Ni
● EV22-13 intersects 15.8 metres grading 0.85% Ni, including 5.5 metres grading 1.33% Ni
● Initial results from the Phase 2 Drilling focused on the down plunge potential of the
Langmuir W4 Zone
● This High-Grade mineralization is referred to as the "W4 Extension", between 200 and
500m from surface
TORONTO, ON - EV Nickel Inc. (TSX-V: EVNI) ("EVNi" or the "Company") is pleased
to provide additional exploration drilling results for its Shaw Dome Nickel Project, southeast of
Timmins, Ontario. Today the Company reports the assay results of the first two holes completed
as part of the Phase 2 Drilling, targeting the down plunge potential of the Langmuir W4 Zone.
Each of the holes intersected high-grade nickel sulphide mineralization consistent with the
previously identified Langmuir W4 Zone indicating that the high-grade mineralized envelope
extends beyond the lower limits of the previously tested areas.
Table 1, below, summarizes the assay results for these holes.
"These significant intercepts highlight the potential to expand the W4 Nickel Zone down the
interpreted plunge of the mineralized envelope." states Paul Davis, EVNi's Vice President of
Exploration. "The continuation of the high-grade mineralization over significant drill core
widths, including the 5.4 metres of 2.96% nickel gives me confidence that we will be able to
extend the W4 Zone along plunge. The extension of the mineralization is consistent with
Kambalda Style Deposits, being associated with a definable feature that concentrates the nickel
sulphides into embayment or channel like features that can extend for considerable distances-
like the other nickel deposits in the Shaw Dome including the Langmuir #2, Redstone and Hart
Deposits".
For more context on these drill results, join VP, Exploration Paul Davis and CEO Sean Samson
for a live digital event tomorrow, July 12th at 12pmET/9amPT. A brief Q&A session will follow
the presentation. Please register for this livedigital event by clicking here.
As previously disclosed (see Drilling Update News Release from June 27th, 2022) the Company
expects continued results from Phase 2 Drilling - W4 Extension, over the coming months. In
addition, management conducted an interview related to the Exploration Drilling, outlining
Phases 1 through 4 and the plans for a future Technical Report. That interview is posted online
and can be viewed by clicking here.
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. In addition
to extensive historic production, the Shaw Dome area is home to the Langmuir W4 Zone, 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 Clean Nickel TM business, targeting the growing demand
for Class 1 Nickel from the electric vehicle battery sector. EV Nickel has more than 30,000
hectares to explore and has identified more than 100km of 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 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.