EV Nickel Targets Large Scale Nickel Potential of Carman- Langmuir Area
EV Nickel Targets Large Scale Nickel Potential of Carman-
Langmuir Area
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
OR TO US WIRE SERVICES
• The properties acquired earlier this year have had extensive historic exploration:
mapping, surface sampling and diamond drilling, which have identified large
dunitic bodies with elevated nickel contents
• Dunitic/peridotitic units are exposed in outcrop and are estimated to extend over at
least 8 kilometres of strike on EV Nickel property, across a section of Carman and
Langmuir Townships
• EVNi will now sample the outcrops to verify the nickel potential of the area,
planning to start in late spring
• After the updated surface sampling, EVNi plans to be drilling the area later this
year
TORONTO, ON / ACCESSWIRE / May 17, 2022 / EV Nickel Inc. (TSX-V:EVNI) ("EVNi"
or the "Company") is targeting the large-scale nickel potential of its Carman-Langmuir Zone
located in Carman and Langmuir Townships, approximately 30 km southeast of Timmins,
Ontario.
Since acquiring the more than 21,000 hectares of neighbouring land earlier this year and tripling
the Company's land package (see April 4, 2022 news release), the EVNi team has been focussed
on the compilation and review of all available historical production and exploration data for the
Shaw Dome district.
Historically, the district produced from the Redstone, Langmuir #1 & #2, and McWatters mines,
with grades ranging from 0.5% Ni (McWatters) to 2.14% Ni (Redstone). In addition to this
production, the Shaw Dome hosts the Hart Deposit and EVNi's W4 Zone, plus the permitted
Redstone and Carshaw mills (as detailed in Figure 1).
Historic Exploration Data
There are extensive exploration records and the team has been through a detailed review of the
historic geological mapping, assay analysis and diamond drilling across the entire district.
Historical work has been completed by the Ontario Geological Survey, the University of
Alabama and several junior and major mining companies since the mid-1960s. Past exploration
identified a greater than 8km long dunite-peridotite unit with elevated nickel contents within EV
Nickel's recently acquired Carman Property Group, with mining claims spreading across Carman
and Langmuir Townships.
Geological mapping of outcrop exposures in the area with the aid of air photos in the 1970s
identified a ridge of ultramafic dunite to peridotite extending from the Langmuir Access Road up
into central Carman Township. Recent forestry activity along this ridge has greatly improved
access into this area, which was until now, difficult to access and required helicopter support to
complete surface exploration programs. Outcrop exposure along this ridge is good and the
mapping indicate an ultramafic sequence with an apparent thickness of between 250 and 1,000
metres (E.J. Leahy, Ontario Department and Mines and Northern Affairs Geological Report 96,
1971; and D.R. Pyke, Ontario Department of Mines, Geological Report 86, 1970).
A number of geochemical analyses of the exposed ultramafic units have been completed from
the area of interest by the Ontario Geological Survey and the University of Alabama in an
attempt to better understand the mineral potential of these ultramafic units (see Figure 2).
Geochemical sampling of the 4 km long dunite-peridotite sequence returned analyses with nickel
contents all occurring above 0.25% along the entire length and breadth of the outcrop exposures.
All of the analyses are available in the public domain (Pyke, D.R. 1982. Geology of the Timmins
Area, District of Cochrane; Ontario Geological Survey, Report 219, Map 2455, 141p.; and
Sproule et al., 2003, OGS Open File Report 6073).
Supporting the surface mapping of dunite and peridotite units, diamond drill reports available in
the Ontario Government Assessment File Records identified thick sequences of dunite and
peridotite to depths of over 250 vertical metres below surface along this ultramafic trend
(Assessment File Numbers: 42A06NE0024, 42A06SE0004, 42A06SE0006, 42A06SE0032,
42A06SE0025).
"This well exposed sequence of dunite and peridotite represents an excellent exploration target
for our large-scale nickel targets" said Paul Davis, Vice President Exploration of EVNi. "The
historical work, when combined with my over 30 years of experience in the Timmins Area
exploring for nickel mineralization, indicates that this sequence has great exploration potential. I
am excited to begin the surface exploration program as soon as conditions are suitable for
access into the area."
EVNI will initiate a surface sampling program in the late spring, once the snow has melted
completely in the area. Surface sampling will be conducted over the known and freshly exposed
outcrop exposures generated during the forestry operations, sampling the dunite and peridotite
units along strike and throughout the stratigraphic sequence. In addition, Exploration Permit
Applications have been submitted to the Ministry of Energy, Northern Development and Mines
to initiate diamond drilling in the area and are anticipated to be granted in the coming weeks.
Sean Samson, President, CEO of EV Nickel remarked, "We remain focused on finding more
nickel in the Shaw Dome, in close proximity to Timmins and its existing infrastructure. EV Nickel
has tremendous exploration potential, supported by this extensive historical data. I look forward
to our own sampling and soon, drilling on these targets."
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 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 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 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 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.