EV Nickel Phase 2 Results: Continued High-Grade Mineralization Including 8.5 Metres Grading 2.14% Ni from the W4 Extension, Now Applying for Mining Lease
EV Nickel Phase 2 Results: Continued High-Grade Mineralization
Including 8.5 Metres Grading 2.14% Ni from the W4 Extension,
Now Applying for Mining Lease
• Final assays from the Phase 2 drilling, on the "W4 Extension", between 200 and 500m
from surface
o EV22-17 intersects 20.6 metres grading 1.23% Ni, including 8.5 metres grading
2.14% Ni
o EV22-18 intersects 15.7 metres grading 0.90% Ni, including 4.9 metres grading
1.71% Ni
• This is in addition to results announced in July, which included 5.4 metres grading 2.96%
Ni from EV22-12
• Additional drilling of the W4 Extension is planned for later this year, towards a potential
Resource in 2023
• EVNi has also begun the application process for a Mining Lease on the W4 claims, a
major step for the Project
TORONTO, ON / ACCESSWIRE / September 6, 2002 / 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 last eight holes completed in the Phase 2 Drilling, targeting the down plunge
potential of the Langmuir W4 Zone ("W4"). seven of the ten holes intersected high-grade nickel
sulphide mineralization consistent with the previously identified Langmuir W4 Zone, including
the first two holes released from Phase 2 earlier this year- which introduced the W4 Extension
(see news release dated July 11, 2022). This drilling combines to indicate that the high-grade
mineralized envelope extends beyond the lower limits of the previously tested areas and are open
to the east, west and at depth of the phase 2 drill program.
Table 1, below, summarizes the assay results for these holes.
"These additional intercepts reinforce the potential to expand the W4 Nickel Zone down the
interpreted plunge of the mineralized envelope and into the W4 Extension," states Paul Davis,
EVNi's Vice President of Exploration. "The continuation of this high-grade mineralization gives
us confidence that we may be able to extend the Langmuir W4 Zone along plunge. These results
continue to be consistent with Kambalda Style Deposits, mineralization associated with a
definable feature that concentrates the nickel sulphides into channels that can extend for
considerable distances. We see this with other high-grade nickel deposits in the Shaw Dome
including the Hart Deposit, located 3.5km to the northwest".
"We hope that this continued High-Grade mineralization from the W4 Extension gets the zone
above 500m depth closer to what we think could become a viable producer and with that in
mind, we've now begun the process to have the W4 claims converted to a Mining Lease.
Combined with the surface water monitoring we began this summer, these are important steps
for our developing High-Grade business," said Sean Samson, EVNi's President& CEO.
Future Infill Drilling and Plan for Updated W4 Resource
Based on these strong results from Phase 2, the Company is now planning to return to Langmuir
W4 for additional drilling of the W4 Extension. This will be EVNi's "Phase 4" and follow the
current "Phase 3" currently underway in the northeast of the property, at the company's Large-
Scale, CarLang target. The Company plans to use the data from Phases 2 and 4 to develop an
updated W4 Resource, planned for completion in 2023.
Application for Mining Lease on W4
In parallel with the drilling activity, EV Nickel is advancing Langmuir W4 by initiating surface
water monitoring (for further detail see news release dated July 26, 2022) and has now initiated
the process to receive a Mining Lease for the mining claims related to the Langmuir W4 Zone
with the submission of a Notice of Intent to the Ministry of Mines.
Webinar this Thursday
For more context on these results, join VP, Exploration Paul Davis and CEO Sean Samson for a
live digital event on Thursday, September 8th at 1pm ET/10am PT. A brief Q&A session will
follow the presentation. Please register for this live digital event 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. The Company is
developing a two-track strategy, with scalable High-Grade and Large Scale options.
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.