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

EV Nickel Inc. (TSXV: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

EV Nickel Inc., Tuesday, May 17, 2022, Press release picture

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).

EV Nickel Inc., Tuesday, May 17, 2022, Press release picture

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).

EV Nickel Inc., Tuesday, May 17, 2022, Press release picture

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 samson@evnickel.com.

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.



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https://www.accesswire.com/701664/EV-Nickel-Targets-Large-Scale-Nickel-Potential-of-Carman-Langmuir-Area

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EV Nickel announces continued High-Grade Nickel Intersections from Langmuir, completing the Phase 1 Drilling

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

  • The second half of the Phase 1 drill program on the Langmuir Nickel Project included:
    • EV21-09 intersects 15.7 metres grading 1.14% Ni on eastern margin of W4
    • EV21-01 intersection extended to 19.5 metres grading 0.96% Ni
  • These results now confirm nickel sulphide mineralization to the east and west of the W4 Zone
  • Phase 2 drilling starts now, on additional high priority targets, full details of the plan to be released next week

EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to report the assay results for the full Phase 1 drill program on the Langmuir Nickel Project ("Langmuir" or the "Property"). Building off of the first half results shared in December (see December 8, 2021 News Release), Rogue continues to identify high-grade mineralization along trend of the W4 Zone

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EV Nickel Announces High-Grade Nickel Intersections From Langmuir Project

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

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

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Forte Minerals Completes Miscanthus Acquisition from Globetrotters Resource Group

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The Property consists of 4 Concessions: Totaling 3,200 hectares, which was transferred to Forte's Peruvian subsidiary, Cordillera Resources Perú S.A.C and includes an approved DIA drilling permit for up to 40 platforms over 172 hectares, significantly lowering permitting risk.

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Vertex Minerals Limited  Quarterly Activities Report

Vertex Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) has identified major benefits for utilising pre-concentration technology at its Reward high grade gold mine.

Ore sorting pre-concentration test work was initiated with leading ore sorting provider TOMRA with outstanding results.

94kg of sample from the low-grade stockpile at Reward Gold Mine (Reward) was sorted. The following results were reported;

- Head grade to Sorter weighted average grade (WAG) = 3.70 g/t gold,

- Ore grade WAG after sorting = 16.22g/t gold (337.20% increase on grade),

- Ore/waste split after sorting = 19.31kgs Ore vs 74.54kgs Waste (79% mass reduction),

- Gold lost to waste fraction = 0.03grams (>90% efficiency)

Refurbishment of the plant is well underway, and Vertex anticipates that the plant will be re-installed at Hill End later this year. The Company anticipates production will commence in January 2025.

Vertex acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource.

ORE SORTER TEST WORK AND IMPLEMENTATION INTO THE HILL END GRAVITY PLANT

Pre-concentration technology initiated at the Hill End Gravity Plant to separate highgrade ore from waste before it enters the processing plant.

By processing only high-grade ore, energy consumption can be reduced, water consumption will be halved leading to lower operating costs and reduction of the carbon footprint.

The small sorting unit will be simply incorporated in the existing plant being refurbished by Gekko.

Previous scoping test results from TOMRA suggested that the Greywacke country rock can be efficiently and effectively separated from the high-grade quartz carrying the gold leading to significant head grade uplift and reduced material to be processed.

Test Results

94kg of sample from the low-grade stockpile at Reward Gold Mine (Reward) was sorted.

The following results are reported;

- Head grade to Sorter weighted average grade (WAG) = 3.70 g/t gold,

- Ore grade WAG after sorting = 16.22g/t gold (337.20% increase on grade),

- Ore/waste split after sorting = 19.31kgs Ore vs 74.54kgs Waste (79% mass reduction),

- Gold lost to waste fraction = 0.03grams (>90% efficiency)

ACQUISITION OF A LM90 UNDERGROUND DRILL RIG

Vertex has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource.

The Vertex team are planning diamond drill programs for the following:

- Below the current JORC-2012 Reward Resource with the aim of expanding upon the existing resource;

- Fosters Exploration Target; and

- South Star prospect area

Acquisition of the LM90 follows an extensive review of the mineralisation potential below the Reward resource, which has only been drilled up to 50m below the Amalgamated Adit. This area targeted is referred to as the 'Reward mid depths' as it is located just 80m to ~200m below the Amalgamated Adit. Refer to Figure 1*

Upon commissioning of the LM90 drill rig, Vertex have planned eight drill holes to target the high-grade Fosters Exploration target.

The LM90 has several advantages well-suited to Vertex's requirements, including:

- The ability to work on surface and underground;

- Safe, Semi-automated, with a rod-handler system which allows for less manual handling;

- Allows greater flexibility in drilling over a number of resource and exploration areas; and

- LM 90 rigs are well-established in the industry as safe and reliable underground drill rigs.

Vertex acquiring its own rig has many advantages;

- Per-metre drill costs will be significantly less than hiring an external drill contractor

- More control and accuracy over precision of drilling.

- Works well with Job sharing

- Reduces pressure on Mining crew to have drill cuddy availability

- The LM90 rig will be accounted for as an asset on the Vertex balance sheet

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/CHF6G92O



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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