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EV Nickel Inc
Symbol EVNI
Shares Issued 30,355,667
Close 2022-06-09 C$ 0.205
Recent Sedar Documents

EV Nickel drills 48.6 m of 1.31% Ni at Langmuir W4

2022-06-09 09:20 ET - News Release

Mr. Sean Samson reports

EV NICKEL PHASE 2 DRILLING RESULTS- 48.6 METRES GRADING 1.31% NICKEL FROM W4, SAMPLES SUBMITTED FOR MET TESTING

EV Nickel Inc. has released the assay results for three holes completed as part of the phase 2 drill program, from within the Langmuir W4 zone. The holes were designed to provide a representative sample for metallurgical analysis. Each of the three holes intersected high-grade nickel sulphide mineralization consistent with the Langmuir W4 zone. Two of the three holes, EVMET22-01 and EVMET22-02, will be submitted for the metallurgical analysis to SGS Canada Inc., providing a suitable quantity and quality of material for its test work.

Drilling of the Langmuir W4 zone continues to yield impressive intercepts of high-grade nickel. Hole EVMET22-01 intersected 48.6 metres grading 1.31 per cent nickel (Ni), including 13.0 metres grading 2.98 per cent Ni; hole EVMET22-02 intersected 33.0 metres grading 0.74 per cent Ni, including nine metres grading 1.47% per cent Ni; and EV22-03 intersected 17.3 metres grading 0.70 per cent Ni, including 4.3 metres grading 1.18 per cent Ni. An attached table summarizes the assay results for the metallurgical drill hole program.

"W4 continues to impress me with its high-grade nickel mineralization. The mineralization at W4 is unique, composed primarily of pentlandite, which relates to high nickel tenors as reflected in these high-grade nickel intercepts," states Paul Davis, EV Nickel's vice-president of exploration. "The current metallurgical test program will determine the best recovery method to be used, utilizing the current mill flowsheets for facilities within a 300-kilometre radius of the project. I am excited to see the results of the SGS metallurgical work, as well as the results of our continued phase 2 drill program testing the downplunge extension of the W4 zone."

The results of the phase 2 drill program for the Langmuir W4 metallurgical holes are included in an attached table.

Detailed location and depth details of the phase 2 drill program for the Langmuir W4 metallurgical holes are in an attached table.

Metallurgical testing

The metallurgical test program being completed by SGS Canada has the specific goals of characterizing the samples for mineralogy and grindability and the application to existing processing mill flowsheets to determine the floatation characteristics for potential recoveries and concentrate quality. Composite samples representative of the W4 mineralization will be generated from holes EVMET22-01 and EVMET22-02 for this test work. Results of the metallurgical testing are anticipated by mid-summer.

Continuing phase 2 drill program

The remainder of the phase 2 drill program is testing the downplunge potential of the Langmuir W4 zone targeting the extension of the currently defined mineralized envelope with an objective of identifying additional downplunge, high-grade nickel mineralization.

Assay QA/QC (quality assurance/quality control)

Whole drill core samples from hole EVMET22-01 and EVMET22-02 were bagged at the core logging facility located near the property and transported to SGS Canada for preparation and analysis. Certified standards and blanks that are included by SGS for quality assurance and quality control at the laboratory. Samples are crushed and pulverized in preparation for analysis. Nickel, copper and cobalt are analyzed by sodium peroxide fusion with an ICP (inductively coupled plasma) finish and sulphur is analyzed by infrared detection on LECO instrumentation. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control.

Drill core samples from hole EV22-03 were cut and bagged at the core logging facility located near the property and transported to ALS Canada Ltd. for 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 laboratory. Samples are crushed to 70 per cent less than two millimetres (mm). A riffle split is pulverized to 85 per cent passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control.

About EV Nickel Inc.

EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focused on the Shaw Dome area, south of Timmins, Ont. 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 677,000 tonnes at 1.00 per cent Ni, approximately 15 million pounds of Class 1 nickel. EV Nickel plans to grow and advance a Clean Nickel 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 100 kilometres of favourable strike length.

Qualified person

The company's projects are under the direct technical supervision of Mr. Davis, PGeo, vice-president of the company. Mr. Davis is a qualified person as defined by National Instrument 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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